Excess Amount definition

Excess Amount has the meaning set forth in Section 13.

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Excess Amount shall have the meaning assigned to such term in Section 2.10(h).

Excess Amount. The excess of the Participant's Annual Additions for the Limitation Year over the Maximum Permissible Amount.

Examples of Excess Amount in a sentence

• To determine the Adviser’s obligation with respect to the Excess Amount, each day the Fund Operating Expenses for the Fund shall be annualized.

• If the annualized Fund Operating Expenses for any day of the Fund exceed the Operating Expense Limit of the Fund, the Advisor shall waive or reduce its investment advisory fee or absorb the other Fund expenses in an amount sufficient to pay that day’s Excess Amount.

• If the annualized Fund Operating Expenses for any day of the Fund exceed the Operating Expense Limit of the Fund, the Adviser shall waive or reduce its investment advisory fee or absorb the other Fund expenses in an amount sufficient to pay that day’s Excess Amount.

• To determine the Adviser’s obligation with respect to the Excess Amount, each day the Fund Operating Expenses for a Fund shall be annualized.

• No Default or Event of Default shall be deemed to have occurred as a result of any Non-Permitted Excess Amount unless at the end of a Cure Period, any Non-Permitted Excess Amount still remains.

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 specified in Section 2.03(b) hereof.

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 set forth in Section 6.02(c).

Excess Amount shall have the meaning set forth in Section 11(a)(iii) hereof.

Excess Amount has the meaning set forth in Section 4(b).