Examples of Outperformance Amount in a sentence
Except as provided in this Agreement, no amendment will reduce the FFO Outperformance Amount or adversely affect the number or value of the Grantee’s Award Shares or the Grantee’s rights with respect to vesting without the Grantee’s written consent.
The Performance Fee is based on the Outperformance Amount described below.
This is 20% times (Series performance minus the Applicable Market Index performance) times (average series net asset value) = Outperformance Amount.
Example: If:Series Return = 12% Applicable Market Index Return = 10% Average Series Net Asset Value = $20 million Outperformance Amount=20% x (12% - 10%) x $20 million =20% x 2% x $20 million =$80,000.00 Even if the Outperformance Amount is positive, the Manager will not be paid the Performance Fee unless: 1.
Notwithstanding any term to the contrary, the Swap Counterparty will always be a Dealer and the maximum spread payable will be the Swap Counterparty Outperformance Amount Spread (“ Maximum Spread”).