Applicable 2016 Liability Fee Discount Amount

Applicable 2016 Liability Fee Discount Amount. Means with respect to fees payable to AAM under the Fee Agreement as of: (a) December 31, 2016, the sum of the amounts calculated with respect to each individual calendar month that occurs after (and including) the calendar month during which the Applicable 2016 Liabilities have come into existence (i.e., the Applicable 2016 Liabilities is a positive amount), as follows: for each such calendar month, an amount equal to the product of (i) 0.40% multiplied by (ii) the Incremental Applicable 2016... Liabilities Value for such calendar month multiplied by (iii) a fraction, the numerator of which is the number of calendar months in 2016 that occur after (and including) such calendar month, and the denominator is twelve;1 1 For illustrative purposes only, an example of how the calculation is intended to work is attached as Annex 1. (b) each calendar quarter during 2017, an amount equal to the product of (i) the Current Applicable 2016 Liabilities Value as of the end of such calendar quarter and (ii) 0.20% divided by four; and (c) each calendar quarter thereafter, an amount equal to the product of (i) the Current Applicable 2016 Liabilities Value as of the end of such calendar quarter and (ii) 0.075% divided by four. View More