Drawdowns; Catch-Ups Sample Clauses

Drawdowns; Catch-Ups. (a) The sale and purchase of the Shares shall take place on such dates and times and at such places as shall be selected by the Adviser. The initial investment associated with the Subscriber's Shares and each subsequent investment in the Company shall be made by the Subscriber in such installments and on such dates as the Adviser may from time to time request in accordance with and subject to the provisions of this Agreement. The Subscriber shall be required to fund a capital contribution to purchase Shares (each such purchase, a "Drawdown Purchase") following delivery by the Company of a notice of a drawdown (a "Drawdown Notice"). Drawdown Notices shall be delivered to each Subscriber at least ten (10) days prior to the date on which contributions will be due (each such date, a "Drawdown Date") and shall set forth (i) the aggregate amount of Drawdown Purchases from all stockholders of the Company (the "Drawdown Amount"); (ii) the portion of the Drawdown Amount to be paid by the Subscriber; (iii) the Drawdown Date and (iv) wire instructions for funding the Drawdown Purchase. (b) For each Drawdown Date following the initial Drawdown Date applicable to any Subscriber and for each Catch-up Date, the price per Share will equal the Company's then-current net asset value per Share ("NAV per Share"), as adjusted (i) to reflect the Adviser's assessment of any material change in the NAV per Share since the date of the most recently disclosed NAV per Share in Company filings with the Securities and Exchange Commission and (ii) in the case of each Catch-up Date, to reflect the pro rata portion of the Company's initial organizational expenses attributable to each such Subscriber making a Catch-up Purchase, if any, subject in each case to the limitations of Section 23 of the U.S. Investment Company Act of 1940, as amended (the "Investment Company Act"), which generally prohibits the Company from issuing Shares at a price below the then-current NAV per Share, as determined as of a time within 48 hours, excluding Sundays and holidays, next preceding the time of such determination. No Subscriber shall be required to invest more than the total amount of its Capital Commitment. (c) Each Drawdown Purchase amount and each Catch-up Purchase amount shall be payable in U.S. Dollars and in immediately available funds. Payment of a Drawdown Purchase or a Catch-up Purchase shall be made on or prior to the applicable Drawdown Date and as promptly as possible after delivery of a Draw...
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Related to Drawdowns; Catch-Ups

  • Longevity Increments 11.6.1 Each regular classified employee shall receive a two-range increase (5%) upon completion of five (5) years of satisfactory and continuous service. This increase will become effective at the beginning of the sixth year. 11.6.2 Each regular classified employee shall receive an additional two-range increase (5%) upon completion of ten (10) years of satisfactory and continuous service. This increase will become effective at the beginning of the eleventh year. 11.6.3 Each regular classified employee shall receive an additional two-range increase (5%) upon completion of fifteen (15) years of satisfactory and continuous service. This in-crease will become effective at the beginning of the sixteenth year.

  • Extended Local Calling Scope Arrangement An arrangement that provides a Customer a local calling scope (Extended Area Service, “EAS”), outside of the Customer’s basic exchange serving area.

  • EPP service availability Refers to the ability of the TLD EPP servers as a group, to respond to commands from the Registry accredited Registrars, who already have credentials to the servers. The response shall include appropriate data from the Registry System. An EPP command with “EPP command RTT” 5 times higher than the corresponding SLR will be considered as unanswered. If 51% or more of the EPP testing probes see the EPP service as unavailable during a given time, the EPP service will be considered unavailable.

  • Service Availability You understand that Service availability is at all times conditioned upon the corresponding operation and availability of the communication systems used in communicating your instructions and requests to the Credit Union. We will not be liable or have any responsibility of any kind for any loss or damage thereby incurred by you in the event of any failure or interruption of such communication systems or services resulting from the act or omission of any third party, or from any other cause not reasonably within the control of the Credit Union.

  • Annual Increments ‌ 12.1 Employees will proceed to the maximum of their salary range by annual increments, after 12 months’ continuous service at each increment point, unless there is an adverse report on the Employee's performance or conduct which recommends the non-payment of an annual increment. 12.2 The following process will apply where a report on an Employee’s performance or conduct recommends the non-payment of an annual increment: (a) The Employee will be shown the report prior to completing 12 months’ continuous service since their last incremental advance; (b) The Employee will be provided with an opportunity to comment in writing; (c) The Employee’s comments will be considered immediately by the Employer and a decision made as to whether to approve the payment of the increment or withhold payment for a specific period; and (d) Where the increment is withheld, the Employer before the expiry of the specified period will complete a further report and the above provisions will apply. 12.3 The non-payment of an increment will not change the normal anniversary date of any further increment payments. 12.4 For the purposes of this clause "continuous service", except where an increment is payable according to age, will not include any period: (a) exceeding 14 calendar days during which an Employee is absent on Leave Without Pay. In the case of leave without pay which exceeds 14 calendar days the entire period of such Leave Without Pay is excised in full; (b) which exceeds six (6) months in one continuous period during which an Employee is absent on workers' compensation. Provided that only that portion of such continuous absence which exceeds six (6) months will not count as "continuous service"; and (c) which exceeds three (3) months in one (1) continuous period during which an Employee is absent on Personal Leave without pay. Provided that only that portion of such continuous absence which exceeds three (3) months will not count as "continuous service".