Examples of Guaranteed Payments in a sentence
Profits and Losses, after deducting Guaranteed Payments, shall be allocated among the Members in proportion to their Percentage Ownership Interests.
Guaranteed Payments (“Guaranteed Payments”) for salary, wages, fees, payments on loans, rents, etc., may be made to the Members.
Terms and definitions in this clause 5.6 of the Agreement have the following meanings: Used Guaranteed Payment Limit is the actual amount of the Payer Client’s debt on the Overdraft plus the sum of all Guaranteed Payments created by the Payer Client and not yet executed by the Bank.
The Payer Client has the right to create an unlimited number of Guaranteed Payments within the Available Guaranteed Payment Limit as of the time of creation of each Guaranteed Payment.
Guaranteed Payments shall not be deemed to be distributions to the Members on account of their Ownership Interests, and shall not be charged to the Members’ capital accounts.