Examples of Existing Portfolio Companies in a sentence
Certificates or other evidence of insurance in effect as required by Section 6.3(b), with endorsements naming (i) Agent, with respect to insurance policies of Borrower and (ii) Borrower, with respect to insurance policies of the Existing Portfolio Companies, as lenders’ loss payee and/or additional insured, as applicable.
InvestAmerica and InvestAmerica Representatives serving on the boards of directors and board committees of individual Existing Portfolio Companies shall conduct the Services in accordance with applicable law and all investment policies as set forth in writing by Eudiamonia and the Board of Directors of MACC with respect to such Services, provided that at all times the InvestAmerica Representatives shall act in accordance with their fiduciary duties as members of Existing Portfolio Company boards.
In addition to the management fee, MACC contracted to pay an incentive fee of 13.4% of Net Capital Gains on Existing Portfolio Companies (as defined in the Agreement) and an incentive fee of 20.0% of Net Capital Gains on New Portfolio Companies (as defined in the Agreement), before taxes.
The following definitions are hereby added to the definitions section in the Loan Agreement: Existing Portfolio Company or Existing Portfolio Companies.
Minimum Investment Portfolio Value - Borrower will be required to maintain at all times an Investment Portfolio Value comprised only of Existing Portfolio Companies of not less than $5,000,000 more than the outstanding balances of all Indebtedness due Lender.
Each Security Agreement is hereby amended by inserting the following definitions in the respective definitions section of each Security Agreement: Existing Portfolio Company or Existing Portfolio Companies.
The words "Existing Portfolio Company" or "Existing Portfolio Companies" mean any Portfolio Company in which the Borrower or MorAmerica Capital Corporation has made an investment prior to April 29, 2008 and with respect to which the Corporation's investment subadvisor will be providing services with respect thereto.
For the remainder of the term of this Agreement and to the extent the Agreement is extended pursuant to the terms of this Agreement and the terms of the 1940 Act, Eudaimonia will pay InvestAmerica monthly in arrears a management fee (the “Management Fee”) equal to fifty percent (50%) of the management fee actually paid by MACC to Eudaimonia pursuant to the Eudaimonia Advisory Agreement attributable to Existing Portfolio Companies as of the Effective Date.
For the remainder of the term of this Agreement and to the extent the Agreement is extended pursuant to the terms of this Agreement and the terms of the 1940 Act, Eudaimonia will pay InvestAmerica monthly in arrears a management fee (the "Management Fee") equal to fifty percent (50%) of the management fee actually paid by MACC to Eudaimonia pursuant to the Eudaimonia Advisory Agreement attributable to Existing Portfolio Companies as of the Effective Date.
EAM elected to reduce their fees, however InvestAmerica continues to receive a management fee equal to 50% of the original agreement or an annual rate of 1% of Assets under Management attributable to Existing Portfolio Companies.