Servicer Solutions Diversified Revenue for Calendar Year 2017 Sample Clauses

Servicer Solutions Diversified Revenue for Calendar Year 2017. The target amount of Options tied to 2017 Servicer Solutions Diversified Revenue(1) is equal to [ ] Options (the “Diversified Revenue Target Amount”). The percentage of the Diversified Revenue Target Amount that will be eligible to vest (the “Diversified Revenue Vestable Portion”) will be determined based on the Servicer Solutions Diversified Revenue achieved for 2017 in accordance with the below table. If the Servicer Solutions Diversified Revenue falls between the pre-determined levels shown in the table, the percentage of the Diversified Revenue Target Amount that will form part of the Diversified Revenue Vestable Portion shall be determined using linear interpolation between such pre-determined levels. The number of Options that form part of the Diversified Revenue Vestable Portion (i.e., the number of Options eligible to vest) will then be determined by multiplying the applicable percentage by the Diversified Revenue Target Amount. Servicer Solutions Diversified Revenue for 2017 (in $000’s) Diversified Revenue Vestable Portion(2) (% of Diversified Revenue Target Amount ) Less than $ 77,650 0% $77,650 80% $83,175 90% $88,700 100% $104,698 120% $114,216 or greater 150%
Sample 1
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Servicer Solutions Diversified Revenue for Calendar Year 2017. The target amount of Restricted Shares tied to the 2017 Servicer Solutions Diversified Revenue(1) is equal to [ ] Restricted Shares (the “Diversified Revenue Target Amount”). The percentage of the Servicer Solutions Diversified Revenue Target Amount that will be eligible to vest (the “Diversified Revenue Vestable Portion”) will be determined based on the Servicer Solutions Diversified Revenue achieved for 2017 in accordance with the below table. If Diversified Revenue falls between the pre-determined levels shown in the table, the percentage of the Diversified Revenue Target Amount that will form part of the Diversified Revenue Vestable Portion shall be determined using linear interpolation for performance that falls between such pre-determined levels. The number of Restricted Shares that form part of the Diversified Revenue Vestable Portion (i.e., the number of restricted shares eligible to vest) will then be determined by multiplying the applicable percentage by the Diversified Revenue Target Amount. Servicer Solutions Diversified Revenue for 2017 (in $000’s) Diversified Revenue Vestable Portion(2) (% of Diversified Revenue Target Amount ) Less than $77,650 0% $77,650 80% $83,175 90% $88,700 100% $104,698 120% $114,216 or greater 150%
Sample 1

Related to Servicer Solutions Diversified Revenue for Calendar Year 2017

  • Calendar Year The term “

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution.

  • Fiscal Year; Fiscal Quarter The Borrower shall not change its fiscal year or any of its fiscal quarters, without the Administrative Agent’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed.

  • End of Fiscal Years; Fiscal Quarters The Borrower will cause (i) each of its fiscal years to end on December 31 of each year and (ii) its fiscal quarters to end on March 31, June 30, September 30 and December 31, respectively, of each year.

  • Distribution Compliance Period The Purchaser agrees not to resell, pledge or transfer any Purchased Shares within the United States or to any U.S. Person, as each of those terms is defined in Regulation S, during the 40 days following the Closing Date.

  • Measurement Period (b) In this Agreement, unless the contrary intention appears, a reference to:

  • Allocations During Period of Liquidation During the period commencing on the first day of the Fiscal Year during which a Dissolution Event occurs and ending on the date on which all of the assets of the Company have been distributed to the Unit Holders pursuant to Section 10.2 of this Agreement (the “Liquidation Period”), the Unit Holders shall continue to share Profits, Losses, gain, loss and other items of Company income, gain, loss or deduction in the manner provided in Article III of this Agreement.

  • Non-availability of matching deposits for Interest Period selected If, after the Borrowers have selected and the Lender has agreed an Interest Period longer than 6 months, the Lender notifies the Borrowers by 11.00 a.m. (London time) on the third Business Day before the commencement of the Interest Period that it is not satisfied that deposits in Dollars for a period equal to the Interest Period will be available to it in the London Interbank Market when the Interest Period commences, the Interest Period shall be of 6 months.

  • Maximum Annual Operating Expense Limit The Maximum Annual Operating Expense Limit with respect to each Fund shall be the amount specified in Schedule A based on a percentage of the average daily net assets of each Fund.

  • CONTRACT YEAR The first Contract Year is the period of time ending on the first contract anniversary. Subsequent Contract Years are the annual periods between contract anniversaries.

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