Presentation of Potential Target Businesses The Company shall cause each of the Respondents to agree that, in order to minimize potential conflicts of interest which may arise from multiple affiliations, the Respondents will present to the Company for its consideration, prior to presentation to any other person or company, any suitable opportunity to acquire an operating business, until the earlier of the consummation by the Company of a Business Combination or the liquidation of the Trust Account, subject to any pre-existing fiduciary obligations the Respondents might have.Įvolutionary Clause 1. As compensation for the performance of its routine duties, the Asset Representations Reviewer shall be paid a fee (the “Asset Representations Reviewer Fee”), payable monthly from amounts received in respect of the Mortgage Loans and shall be equal to the product of a rate equal to 0.00025% per annum (the “Asset Representations Reviewer Fee Rate”) and the Stated Principal Balance of the Mortgage Loans and any REO Loans (including any Non-Serviced Mortgage Loan, but not any Companion Loan) and shall be calculated in the same manner as interest is calculated on such Mortgage Loans.īasis for calculation of periodic payments All interest and commitment fee and any other payments under any Finance Document which are of an annual or periodic nature shall accrue from day to day and shall be calculated on the basis of the actual number of days elapsed and a 360 day year. Payment of Asset Representations Reviewer Fees and Expenses Limitation of Liability (a) The Depositor shall pay the Asset Representations Reviewer a fee of $5,000 (the “Asset Representations Reviewer Upfront Fee”) on the Closing Date. With respect to an individual Asset Review Trigger and the Mortgage Loans that are Delinquent Mortgage Loans and are subject to an Asset Review (the “Subject Loans”), the “ Payment of Asset Representations Reviewer Asset Review Fees and Expenses Limitation of Liability (a) As compensation for the performance of its duties hereunder, upon the completion of any Asset Review with respect to a Delinquent Mortgage Loan, the Asset Representations Reviewer shall be entitled to a fee that is a reasonable and customary hourly fee charged by the Asset Representations Reviewer for similar consulting assignments at the time of such review and any related costs and expenses provided that the total payment to the Asset Representations Reviewer shall not be greater than the Asset Representations Reviewer Fee Cap (the “Asset Representations Reviewer Asset Review Fee”). In addition to other provisions required by the Federal agency or non-Federal entity, all contracts made by the non- Federal entity under the Federal award must contain provisions covering the following, as applicable.Īmendments to the Equity Definitions (A) Section 11.2(a) of the Equity Definitions is hereby amended by deleting the words “a diluting or concentrative” and replacing them with the words “an” and adding the phrase “or Warrants” at the end of the sentence.
Others are included within 2 CFR part 200 et al. Most of the provisions are located in 2 CFR PART 200 - Appendix II to Part 200-Contract Provisions for Non-Federal Entity Contracts Under Federal Awards at 2 CFR PART 200. The ESC Region 8 and TIPS Members are the subgrantee or Subrecipient by definition. Related to Sykes Revisits the Residual ClauseĬFR PART 200 Contract Provisions Explanation Required Federal contract provisions of Federal Regulations for Contracts for contracts with ESC Region 8 and TIPS Members: The following provisions are required to be in place and agreed if the procurement is funded in any part with federal funds. Period for Review and Consideration of Agreement.Presentation of Potential Target Businesses.Basis for calculation of periodic payments.Payment of Asset Representations Reviewer Fees and Expenses Limitation of Liability.Payment of Asset Representations Reviewer Asset Review Fees and Expenses Limitation of Liability.
CFR PART 200 Contract Provisions Explanation.
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