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

• We are not obliged to source the Goods for you until we receive the Deposit Payment, or deliver the Goods to you until we receive the Balancing Payment.

• If the Maturity Date for the Fixed Rate Amount and the Floating Rate Amount are the same in the same interest period, the settlement of the counterparties obligations under the Interest Rate Swap at the identical date shall be carried out by a Balancing Payment paid by whichever counterparty has the greater payment obligation; the Balancing Payment shall be equal to the remainder after the Fixed Rate Amount and the Floating Rate Amount are offset against each other.

• The Service Provider is not entitled to request payment or set off any amount in relation to access to the Grantor’s Data, regardless of any claims by the Service Provider against the Grantor under or in connection with the Concession Agreement (whether for any part of the Balancing Payment or otherwise) or any Dispute.

• Both Shirley and Jon agreed to the Settlement Agreement characterizing the $18,000 payment as a Balancing Payment because they wanted the matter to be finalized and concluded.

• If the (negative) amount of working capital requirements minus the amount of financial net debt of Cnova Brazil at closing exceeded a specified target amount (which is referred to herein as the “Target Amount”) by more than 5%, the Balancing Payment was to be adjusted upward by the amount of such excess.

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 11.5.5(b).

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

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 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;