Guaranteed Draw definition

Guaranteed Draw means an amount equal to $[ ] per workweek.]
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Guaranteed Draw means an advance of principal in respect of the Term --------------- C Loan Commitment under the Credit Agreement that is made subject to this Guaranty by Notice of Guaranty Draw given to Guarantor by Agent as provided in Section 9.08 of the Credit Agreement.
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Examples of Guaranteed Draw in a sentence

  • For each pay period, Employee shall earn compensation equal to the [[greater of (A) the Guaranteed Draw or (B) Commission Amount, less any amounts previously paid to Employee for the Guaranteed Draw or other advances not already taken into account by a prior calculation] OR [the Commission Amount]].

  • For the avoidance of doubt, any Qualified Capacity Revenue arising after the termination of the availability of the Term C Loan Commitment shall be used to reduce the Guaranteed Draw Amount to the extent permitted under Section 9.08 of the Credit Agreement.

  • Following receipt by the Agent of all applicable notices from the Company requesting such reduction and the Agent's satisfaction with the form and substance of such notices, the Agent shall promptly notify Guarantor of any such reductions in the Guaranteed Draw Amount.

  • The Executive Director will receive a guaranteed draw (the "Guaranteed Draw") of $31,500 per annum ($2,625 per month) and, during his employment (the "Draw Period"), the Executive Director will receive an additional draw (the "Additional Draw") of $668,500 per annum ($55,708 per month).

  • Teece will receive a guaranteed draw (the "Guaranteed Draw") of at least $31,500 per annum ($2,625 per month).

  • To the extent that Teece's Director Earnings exceeds the Guaranteed Draw each month, LECG will pay Teece the excess.

  • To the extent that Teece’s Director Earnings exceeds the Guaranteed Draw each month, LECG will pay Teece the excess.

  • Guaranteed Draw; Time and Effort; Independent Activities............................................15 4.6 Duties and Obligations of the Managing Partner......................................................

  • The Guaranteed Draw together with the Additional Draw are referred to collectively as the "Combined Draw." The Combined Draw will be paid pursuant to LECG's regular payroll policies.

  • The Guaranteed Draw will be paid pursuant to LECG's regular payroll policies.