Discretionary Amount Sample Clauses

Discretionary Amount. As at any date of determination, an amount determined by the Agent in its sole and absolute discretion which shall not exceed $5,000,000 at any time and which amount shall not be more than $0.00 for more than any period of ten (10) consecutive days.
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Discretionary Amount. Such amounts, if any, and for such Participants, as the Employer determines for time to time.
Sample 1
Discretionary Amount. As at any date of determination, an amount determined by the Agent in its sole and absolute discretion which shall not exceed $250,000 at any time.
Sample 1
Discretionary Amount. The Administrative Agent may, in its Permitted Discretion, from time to time, upon seven (7) days' prior notice to the Borrower, (x) establish Reserves with respect to Eligible Accounts Receivable to the extent that the arrangements under which such Eligible Accounts Receivable arise were not in effect on the Closing Date and the Administrative Agent reasonably determines that: (i) the dilution with respect of the Accounts Receivable (excluding Accounts Receivables owing from Credit Card Providers existing as of the Closing Date) for any period has increased in any material respect or may be reasonably anticipated to increase in any material respect above historical levels, or (ii) the general creditworthiness of account debtors or other obligors of the Borrower has declined or (y) establish Reserves with respect to Eligible Inventory to the extent that the Administrative Agent reasonably determines that: (i) the liquidation value of the Eligible Inventory, or any category thereof, has decreased, or (ii) the nature of the inventory has changed. In determining whether to establish Reserves, the Administrative Agent may consider events, conditions, contingencies or risks which are also considered in determining Eligible Inventory or Eligible Accounts Receivable. Upon the establishment by the Borrower of the new "Aisle 3" concept described to the Lenders prior to the Closing Date, the Administrative Agent shall appraise Eligible Inventory being sold under such concept and shall establish advance rates with respect to such Eligible Inventory, which shall not in any event exceed 85% of the liquidation value of such Eligible Inventory.
Sample 1
Discretionary Amount. As at any date of determination, an amount equal to or greater than zero determined by the Administrative Agent in its sole and absolute discretion, but (a) which shall not exceed 10% of the Borrowing Base (calculated without reference to the Discretionary Amount), (b) which shall not be greater than zero for a period of more than sixty consecutive days and (c) which shall not be greater than zero for more than three periods during any fiscal year of the Borrower or within forty-five days after the end of the most recent period during which such amount was greater than zero. For the avoidance of doubt, the existence of the Discretionary Amount shall not increase the Commitment of any Lender.
Sample 1

Related to Discretionary Amount

  • Discretionary Sales Prior to the occurrence of an Unmatured Termination Event or a Termination Event, on any Discretionary Sale Date, the Seller shall have the right to prepay all or a portion of the Advances Outstanding, in connection with the transfer and assignment to the Seller by the Administrative Agent, on behalf of the Secured Parties, of the Collateral (each, a “Discretionary Sale”), subject to the following terms and conditions:

  • Discretionary Bonus The Executive shall be entitled to participate in an equitable manner with all other senior management employees of the Bank in discretionary bonuses that may be authorized and declared by the Board of Directors to its senior management executives from time to time. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to participate in such discretionary bonuses when and as declared by the Board.

  • Discretionary Bonuses The Employee shall participate in an equitable manner with all other senior management employees of the Bank in discretionary bonuses that the Board may award from time to time to the Bank’s senior management employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Employee’s right to participate in such discretionary bonuses.

  • Annual Discretionary Bonus Effective as of the Effective Date, the Executive will be eligible to earn an annual performance bonus of up to 40% of the Executive’s Base Salary (the “Target Bonus”), based upon the Board’s assessment of the Executive’s performance and the Company’s attainment of targeted goals as set by the Board in its sole discretion. To the extent the Executive’s Base Salary and/or target bonus percentage of Base Salary is changed during the year to which the performance bonus relates, the Target Bonus shall be calculated based on base salary actually paid during such year (and not solely on the Executive’s Base Salary at the end of such year) and shall apply the initial target bonus percentage of Base Salary and the revised target bonus percentage of Base Salary based on the portion of the year during which each was in effect. The Board may determine to provide the bonus in the form of cash, equity award(s), or a combination of cash and equity. Following the close of each calendar year, the Board will determine whether the Executive has earned a performance bonus, and the amount of any performance bonus, based on the set criteria. No amount of the annual bonus is guaranteed, and the Executive must be an employee in good standing on the date of payment in order to be eligible for any annual bonus, except as specifically set forth below. The annual performance bonus, if earned, will be paid by no later than March 15 of the calendar year after the year to which it relates. The Executive’s bonus eligibility will be reviewed on an annual or more frequent basis by the Board and is subject to change in the discretion of the Board.

  • Discretionary Accounts In the case of a Registered Offering of Securities issued by an Issuer that was not, immediately prior to the filing of the Registration Statement, subject to the requirements of Section 13(d) or 15(d) of the 1934 Act, you will not make sales to any account over which you exercise discretionary authority in connection with such sale, except as otherwise permitted by the applicable AAU for such Offering.

  • Discretionary Acceleration Notwithstanding any other provisions of this Agreement to the contrary, the Committee may, in its sole discretion, declare at any time that the Option shall be immediately exercisable.

  • Share Class Annual Compensation Rate Class R-1 1.00% Class R-2 0.75% Class R-2E 0.60% Class R-3 0.50% Class R-4 0.25% Class R-5 No compensation paid Class R-5E No compensation paid Class R-6 No compensation paid

  • Base Pay The Company agrees to pay Employee gross annual compensation of $400,000 (“Base Salary”), less usual and customary withholdings, which shall be payable in arrears in accordance with the Company’s customary payroll practices. The Base Salary will be subject to normal periodic review, and such review will consider Employee’s contributions to the Company and the Company’s overall performance.

  • Total Compensation Contractor shall include Total Compensation in XXX for each of its five most highly compensated Executives for the preceding fiscal year if:

  • Servicer Compensation The Servicer shall withdraw its Servicing Fee for each Mortgage Loan net of any Month End Interest payable pursuant to Section 7.6.1 from the related Custodial P&I Account prior to the remittance of such amounts to the Certificate Account with all other payments received with respect to the Mortgage Loans.

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