Balancing Payment definition

Balancing Payment means the difference between the sum of the First and Second Advance Payments and the actual total sum of the BID Levy collected by the Council for the relevant Financial Year as ascertained by Council and notified to the BID Company within three (3) calendar months after the end of the financial year in question. If the aggregate of the two former payments exceed the latter, it is negative, if the aggregate of the former payments is less than the latter, it is positive;

Balancing Payment means payment of the difference between the Fixed Rate Amount and the Floating Rate Amount by the Payer of the Fixed Rate, if the Fixed Rate Amount is greater than the Floating Rate Amount or by the Payer of Floating Rate if the Floating Rate Amount is greater than the Fixed Rate Amount.10.2. The object of an Interest Rate Swap is the obligation of the Payer of the Fixed Rate to make one or more payments to the Payer of the Floating Rate of the agreed interest yield on the Notional Amount when a Fixed Rate is exercised (hereinafter only the “Fixed Rate Amount”) and the obligation of the Payer of the Floating Rate to make one or more payment to the Payer of the Fixed Rate of the agreed interest yield on the Notional Amount when a Flexible Rate is exercised (hereinafter only the “Floating Rate Amount”).

Balancing Payment has the meaning set forth in Clause 6.4.2;

Examples of Balancing Payment in a sentence

• In the event Lender shall elect, after the Closing Date, to collect payments in escrow for Insurance Premiums or Taxes, Borrower shall make a Balancing Payment with respect to the same into the applicable Reserve Account.

• On the first Monthly Payment Date occurring after each occurrence of a Trigger Period, Borrower shall make a Balancing Payment into the Operating Expense Account.

• Additionally, if, at any time, Lender determines that amounts on deposit in (i) the Tax Account will be insufficient to pay all applicable Taxes in full on the Tax Payment Date and/or (ii) the Insurance Account will be insufficient to pay all applicable Insurance Premiums in full on the Insurance Payment Date, Borrower shall make a Balancing Payment with respect to such insufficiency into the applicable Reserve Account.

• Each of Corix and the Corix Sponsor has the requisite power and authority to execute and deliver, and to perform its covenants, agreements and obligations under, the Corix Balancing Payment Commitment Letter.

• Each of IIF Subway and the IIF Sponsor has the requisite power and authority to execute and deliver, and to perform its covenants, agreements and obligations under, the IIF Balancing Payment Commitment Letter.

More Definitions of Balancing Payment

Balancing Payment means a payment into the applicable Reserve Account of a sum which, together with any applicable monthly deposits into the applicable Reserve Account, will be sufficient to discharge the obligations and liabilities for which such Reserve Account was established as and when reasonably appropriate. The amount of the Balancing Payment shall be determined by Lender in its reasonable discretion and shall be final and binding absent manifest error.

Balancing Payment means a payment made by a person to whom a compensating adjustment is available to a person who has suffered the transfer pricing adjustment to which the compensating adjustment relates;

Balancing Payment has the meaning set forth in Exhibit C.

Balancing Payment has the meaning set forth in Section 11.7.3(b).

Balancing Payment means in respect of each year a sum equal to the Long Term Dividend for that year less the Interim Payment.

Balancing Payment means, in respect of each Accounting Period, the sum payable by or to the Tenant, as the case requires, equal to respectively the amount by which the Service Charge for that Accounting Period either exceeds or is less than the aggregate of the Advance Service Charge paid for that Accounting Period and any sums paid under clause 23.6 during that Accounting Period.

Balancing Payment means an amount equal to the variance between the Actual Closing Date Amount and the Reference Amount;