Under Administration definition
Examples of Under Administration in a sentence
The Company shall have delivered to Parent evidence (consistent in form with that provided in Section 7.2(g) of the Company Disclosure Letter) that (i) the product of (A) Closing Date Assets Under Administration multiplied by (B) the Market Factor (but only in the event the Market Factor is greater than one) is not less than (ii) 90% of Base Date Assets Under Administration.
Evidence of Base Date Assets Under Administration is set forth on Section 7.2(g) of the Company Disclosure Letter.
The Assets Under Administration Fee will be calculated by multiplying the aggregate net asset value (NAV) of the Account (including the NAVs of all Portfolios and Funds) on the last business day of the month by the applicable basis point rate(s), dividing the result (or the sum of the results if tiered rates apply) by 360 and multiplying that amount by 30.
Assets Under Management (AUM) increased by 2% Y/Y to $4.9 billion while Assets Under Administration (AUA) decreased by 11% to $1.3 billion.
The Assets, the services contemplated under the Transitional Services Agreement to be entered into between CIBC and the Purchaser substantially in the form of Exhibit 4.2(7), and the Assets Under Administration - Payroll Account constitute all the rights, undertakings and assets required to enable the Purchaser to carry on the Business in substantially the same manner as the Business has heretofore been carried on by the Vendor.
The Vendor shall ensure that at the Effective Time, the book value of the Assets Under Administration - Payroll Account shall equal (as nearly as possible) the amount of the obligations under the Obligations - Payroll Account.
On the Closing Date, effective as of the Effective Time, the Vendor shall transfer to the Purchaser the Assets Under Administration - Payroll Account and the Purchaser shall assume the Obligations - Payroll Account.
The Assets Under Administration - Payroll Account are evidenced by valid and genuine written instruments and certificates (except where in non-certificated form or held through a depository clearing system) and such instruments and certificates are in the possession or control of the Vendor or held by an authorized custodian in accordance with Applicable Laws.
Information Classification: Limited Access Form20191018.20200415 7 Information Classification: Limited Access Form20191018.20200415 1 Assets Under Administration Fee.