Excess Amount definition
Excess Amount has the meaning set forth in Section 13.
Excess Amount. The excess of the Participant's Annual Additions for the Limitation Year over the Maximum Permissible Amount.
Excess Amount shall have the meaning assigned to such term in Section 2.10(h).
Examples of Excess Amount in a sentence
If the Independent Directors do not approve such Excess Amount as being so justified, the Adviser shall reimburse the Company the amount by which the Total Operating Expenses exceeded the 2%/25% Guidelines.
More Definitions of Excess Amount
Excess Amount has the meaning set forth in Section 9.02.
Excess Amount means the excess of the Participant's "annual additions" for the Limitation Year over the "maximum permissible amount."
Excess Amount has the meaning set forth in Section 6.02(c).
Excess Amount means the amount by which such payment exceeds the amount that would have been received by a Note Holder or the Trustee if the Owner Trustee (in its individual capacity) or the Owner Participant had not become subject to the recourse liability referred to in clause (ii) above. Nothing contained in this Section 2.03(b) shall prevent a Note Holder or the Mortgagee from enforcing any personal recourse obligation (and retaining the proceeds thereof) of the Owner Trustee (in its individual capacity) or the Owner Participant under the Participation Agreement, the Lease or this Trust Indenture (and any exhibits or annexes hereto or thereto) or from retaining any amount paid by Owner Participant under Section 2.13 or 4.03 hereof.
Excess Amount has the meaning specified in Section 2.03(b) hereof.
Excess Amount shall have the meaning set forth in Section 11(a)(iii) hereof.
Excess Amount means the amount by which such payment exceeds the amount which would have been received by the Indenture Trustee if the Owner Participant had not become subject to the recourse liability referred to in clause (ii) above. Nothing contained in this Section 14.3 shall prevent the Indenture Trustee from enforcing any personal recourse obligations (and retaining the proceeds thereof) of the Owner Participant as contemplated by this Participation Agreement (other than referred to in clause (ii)).