Balancing Sum definition

Balancing Sum means such sum as represents the amount by which Public Sector Funding in respect of a Capital Firm Scheme exceeds the Actual Development Costs incurred by the Grant Recipient in relation to that Capital Firm Scheme; Bid Default means (as the context so requires):
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Balancing Sum means such sum as represents the amount by which:
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Balancing Sum means such sum as represents the amount by which Public Sector Subsidy in respect of a Firm Scheme exceeds the aggregated Actual Development Costs incurred by the Provider in the delivery of such scheme; Building Contract means the contract entered into between the Provider and the Building Contractor relating to the construction and development of a Firm Scheme; Building Contractor means the building contractor or developer appointed or to be appointed by the Provider in respect of a Firm Scheme; Business Day means any day other than a Saturday, Sunday or a statutory Bank Holiday in England;
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Examples of Balancing Sum in a sentence

  • Where a Balancing Sum has arisen the Grant Recipient shall repay to Homes England a sum equal to the Balancing Sum within twenty (20) Business Days of becoming aware of the Balancing Sum's existence or the request of Homes England, whichever is earlier.

  • Balancing Sum (amount by which the Public Sector Contribution exceeds the Actual Infrastructure Expenditure) is to be paid to Homes England, but only on underspent on the HIF2 Projects.

  • The Balancing Sum shall be subject to a discount to be determined by mutual agreement not later than31st January each year prior to payment to ScotRail in terms of Clause 8.

  • If it is subsequently established that the amount of Public Sector Subsidy in respect of any Scheme paid to the Council in fact exceeds the Final SchemeCosts in respect of such Scheme the Council shall pay to the Agency within ten (10) Business Days of receipt of a notice so to do the Balancing Sum.

Related to Balancing Sum

  • Bond Service Charges means, for any period or payable at any time, the principal of, premium, if any, and interest on the Bonds for that period or payable at that time whether due at maturity or upon redemption, Mandatory Tender or acceleration.

  • Contract Interest Rate means the lesser of (a) the highest rate permitted under Requirements of Law or (b) 200 basis points per annum plus the rate per annum equal to the publicly announced prime rate or reference rate for commercial loans to large businesses in effect from time to time quoted by Citibank, N.A. as its “prime rate.” If a Citibank, N.A. prime rate is not available, the applicable prime rate will be the announced prime rate or reference rate for commercial loans in effect from time to time quoted by a bank with $10 billion or more in assets in New York City, N.Y., selected by the Party to whom interest is being paid.

  • Prime Interest Rate means the publicly quoted variable annual basic rate of interest, published from time to time by the bankers of FUNDI as being their prime rate and as certified by the auditors of FUNDI, whose appointment it shall not be necessary to prove. Details of such bankers will be provided to the Applicant when so requested in writing.

  • Funding Loan Agreement means the Funding Loan Agreement, of even date herewith, among the Governmental Lender, the Fiscal Agent and the Funding Lender, as it may from time to time be supplemented, modified or amended by one or more amendments or other instruments supplemental thereto entered into pursuant to the applicable provisions thereof.

  • Interest Swap Obligations means the obligations of any Person pursuant to any arrangement with any other Person, whereby, directly or indirectly, such Person is entitled to receive from time to time periodic payments calculated by applying either a floating or a fixed rate of interest on a stated notional amount in exchange for periodic payments made by such other Person calculated by applying a fixed or a floating rate of interest on the same notional amount and shall include, without limitation, interest rate swaps, caps, floors, collars and similar agreements.

  • Mortgage Interest Rate The annual rate of interest borne on a Mortgage Note.

  • Default Interest Rate is two percent above the base lending rate of Barclays Bank PLC, as varied from time to time;