Examples of Cannae LLC in a sentence
If the Manager elects to allow such a deferral of payment of the Management Fee, interest will be charged on such Management Fee at a rate equal to the “prime” rate, as announced from time to time by The Wall Street Journal, plus 2% per annum until the date of payment of such Management Fee by Cannae LLC to the Manager.
Following such delivery, subject to Section 7.1(f) hereof, Cannae LLC shall pay to the Manager, on the Management Fee Payment Date with respect to any Calculation Date, the Adjusted Management Fee as of such Calculation Date.
Stakeholders must be made aware of the bigger picture as well as the management detail associated with each specific water resource management unit.
Subject to the terms and conditions set forth in this Section 7.1, for the term of this Agreement, including any Automatic Renewal Term, (i) the MSA Administrator shall calculate the fee payable to the Manager in accordance with this Section 7.1 (the “Management Fee”), and the components thereof, in accordance with Section 7.1(b) hereof and (ii) Cannae LLC shall pay the Management Fee to the Manager in accordance with Section 7.1(d) hereof.
Following the MSA Administrator’s calculation of the Adjusted Management Fee, the MSA Administrator shall promptly deliver a copy of the Adjusted Management Fee to Cannae Inc.’s Compensation Committee and Cannae LLC.
Following the MSA Administrator’s calculation of the Adjusted Management Fee, the MSA Administrator shall promptly deliver a copy of the Adjusted Management Fee to Cannae Inc.’s Related Person Transaction Committee and Cannae LLC.
Upon termination of this Agreement pursuant to the events set forth in Section 8.2(c) or Section 8.2(d) hereof and provided that there shall not have been an announcement (or closing) of a Change in Control event of Cannae, Inc., Cannae LLC shall pay the Termination Fee Prior to a Change in Control to the Manager.
Designation RightsFor so long as the Sponsor Investors beneficially own at least 50% of the Common Stock held by the Sponsor Investors on the Closing Date, the Sponsor Investors will retain the right to designate three directors and Cannae LLC (or, if Cannae LLC is no longer party to the Investor Rights Agreement, the applicable designator for the Sponsor Investors at such time) will retain the right to jointly with the Blackstone Investors, designate two directors.
The number of directors that each of the CVC Investors, the Blackstone Funds and certain entities affiliated with FTAC, including Trasimene and Cannae LLC (the FTAC Investors) will separately be entitled to designate to the Board increases and/or decreases on a sliding scale.
Cannae LLC and THL acquire an aggregate of 30,000,000 shares of FTAC Class A common stock and 10,000,000 Forward Purchase Warrants immediately prior to the Closing for an aggregate purchase price of $300 million, reflecting the full amount of the anticipated subscriptions under the Forward Purchase Agreements.