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.

  • Agreed Interest Rate means that interest rate determined as of the time it is to be applied that is equal to the lesser of (i) 5% in excess of the discount rate established by the Federal Reserve Bank of San Francisco as it may be adjusted from time to time, or (ii) the maximum interest rate permitted by Law.

  • 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.

  • Underlying Loan Agreement means, with respect to any Loan, the document or documents evidencing the commercial loan agreement or facility pursuant to which such Loan is made.

  • 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;