Payment of Commissions — HLagrees to pay all FEES owed to ASSSOCIATE and/or MANAGER according to the following payment schedule Sample Clauses

Payment of Commissions — HLagrees to pay all FEES owed to ASSSOCIATE and/or MANAGER according to the following payment schedule. ALL fees are paid each Friday (provided funds are received and cleared by Tuesday at 4 pm). along with completed and approved Attorney Retainer Agreements, including ALL supporting documentation. IN STATES WHERE CHARGING ADVANCE FEES TO CLIENTS IS PROHIBITED,YOUR SUCCESS FEE WILL BE PAID UPON RECIEPT OF PAYMENT BY CLIENTS DUE UPON SUCCESSFUL EXECUTION OF THEIR MODIFICATION.

Related to Payment of Commissions — HLagrees to pay all FEES owed to ASSSOCIATE and/or MANAGER according to the following payment schedule

Definitions As used in this Agreement, the following terms shall have the following meanings:
Termination This Agreement may be terminated at any time prior to the Closing:
Miscellaneous a. A Person is deemed to be a holder of Registrable Securities whenever such Person owns or is deemed to own of record such Registrable Securities. If the Company receives conflicting instructions, notices or elections from two or more Persons with respect to the same Registrable Securities, the Company shall act upon the basis of instructions, notice or election received from the registered owner of such Registrable Securities.
WHEREAS the Trust is an open-end management investment company registered under the Investment Company Act of 1940, as amended (the "1940 Act"); and
Entire Agreement The Transaction Documents, together with the exhibits and schedules thereto, contain the entire understanding of the parties with respect to the subject matter hereof and supersede all prior agreements and understandings, oral or written, with respect to such matters, which the parties acknowledge have been merged into such documents, exhibits and schedules.
Severability Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.
Governing Law This Agreement shall be governed by and construed in accordance with the laws of the State of New York.
NOW, THEREFORE the parties hereto agree as follows:
Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage at least equal to the aggregate Subscription Amount. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.
IN WITNESS WHEREOF the parties hereto have caused this Agreement to be duly executed by their respective authorized officers as of the day and year first above written.