KFSI definition
Examples of KFSI in a sentence
For illustrative purposes, if KFSI owned ten shares at the IPO, and in the eighth year, sold six shares, resulting in ownership of four shares, the fee shall be four divided by ten multiplied by one percent, or 0.4% annualized.
The terms of any such Assignment will be subject to review and approval of both KFSI and Swets, such approval not to be unreasonably withheld.
In addition, if the Services Agreement is assigned, sold or otherwise transferred by 1347 pursuant to Article VII of the Services Agreement (an Assignment), KFSI or 1347 will pay to Swets upon the closing of any such Assignment an amount equal to 20% of the aggregate Assignment proceeds (net of any pro-rata expenses reasonably incurred in respect of such Assignment).
This letter agreement, including any of the rights, duties or obligations herein, is not assignable or transferable by KFSI or Swets without the prior written consent of the other party.