Challenged Amount definition

Challenged Amount shall have the meaning set forth in Section 2.7(e).
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Challenged Amount has the meaning set forth in Section 3.3.
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Challenged Amount has the meaning set forth in Section 1.4(c).
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Examples of Challenged Amount in a sentence

  • The Parties shall work in good faith to resolve any dispute concerning a Challenged Amount, and if they are unable to resolve such dispute within sixty (60) days following delivery of a Buyer's written objections to Seller, either Party may initiate arbitration with respect to such dispute in accordance with Article 10.

  • Upon resolution of the dispute, the Challenged Amount, with a proportionate share of accrued interest thereon, shall be distributed to the Party or Parties found to be entitled thereto.

  • If there is no dispute by Seller with respect to any particular Challenged Amount, Seller shall credit the appropriate Buyer for all payments, if any, received in respect of such Challenged Amount and shall reduce the amount owing from such Buyer with respect to the billing statement in dispute by such Challenged Amount.

  • Each Buyer shall inform Seller and the other Buyer by written notice of any objection that it may have with respect to any billing statement (including any credits applicable thereto) within ten (10) days following such Buyer's receipt of such statement, identifying in such notice the amount of the stated charges which it questions or challenges (the "Challenged Amount").

  • Each Buyer shall pay the total undisputed amount of each billing statement rendered to such Buyer within the thirty (30) day time period specified for payments in Section 3.2.1(a) and, for so long as Seller is subject to the Financing Documents, shall deposit any Challenged Amount in an interest-bearing escrow account to be maintained by a security trustee designated by the Lender.

  • After delivery of a Challenge Notice to Escrow Agent, until Escrow Agent receives (i) joint written instruction from Company and Holder pursuant to Section 2.2 or (ii) a certified copy of a final, binding and non-appealable judgment of a court of competent jurisdiction, Escrow Agent will not make the requested distribution of the Challenged Amount.

  • Other Expenses Exhibiting Evidence of Proper Authorization or Expense Receipts Exhibiting Evidence of Business Purpose116,312Expenses Subject to Disallowance by IRS$4,691,097 The $4,691,097 result of this calculation is referred to hereafter, at times, as the “Challenged Amount.”Of the Challenged Amount, the Company specifically has questioned only six expenditures that account for less than 1% (or approximately $30,500) of the expenses at issue.

  • The amount determined in respect of the Challenged Amount pursuant to Section 1.4(c) shall be included in the calculation of the Final Purchase Price, along with other elements of the calculation of such amount as deemed final pursuant to Section 1.4(b).

  • If Buyer gives an Inventory Protest Letter to Seller on or before such thirtieth (30th) day that it disputes the Final Inventory Value specified in the Inventory Statement, then Seller and Buyer shall meet by telephone, or at a mutually agreeable location, to discuss in good faith and attempt to reconcile their differences with respect to the amount of the Final Inventory Value that is being challenged by Buyer (the "Inventory Challenged Amount").

  • If the parties are unable to mutually resolve the dispute within 15 days after receipt of the Protest Letter by the Buyer, then KPMG LLP will be engaged to resolve the Challenged Amount (the “Arbiter”).


More Definitions of Challenged Amount

Challenged Amount has the meaning given such term in Section 3.2(d)(iv).
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Related to Challenged Amount

  • Disputed Amount means an amount which Customer disputes. A Disputed Amount may relate to the whole or part of an invoice(s).

  • Declined Amount as defined in Section 2.12(e).

  • Retained Amount means the present value (as determined in accordance with sections 280G(b)(2)(A)(ii) and 280G(d)(4) of the Code) of the Total Benefits net of all federal, state and local taxes imposed on Executive with respect thereto.

  • Deficiency Claim Amount has the meaning set forth in Section 5.5(a).

  • Excluded Amount means, as of any date of determination, with respect to any Asset: (a) any amount that is attributable to the reimbursement of payment by the applicable Borrower of any tax, fee or other charge imposed by any Governmental Authority on such Asset, (b) any interest or fees (including origination, agency, structuring, management or other up-front fees) that are for the account of the applicable Person from whom the applicable Borrower purchased such Asset, (c) any reimbursement of insurance premiums relating to such Asset, (d) any escrows relating to taxes, insurance and other amounts in connection with such Asset which are held in an escrow account for the benefit of the applicable Borrower pursuant to escrow arrangements under the Investment Documents and (e) any amount deposited into the Asset Account in error.

  • Allowable Amount is defined in the EOC. In addition: • Coinsurance is calculated from the Allowable Amount or Benefit maximum, whichever is less.

  • Acquisition Amount means, for an Acquired Receivable for which the Acquisition Amount is to be included in Available Funds for a Payment Date, the excess of (i) the present value of the Principal Balance of the Receivable as of the last day of the Collection Period immediately preceding the related Collection Period (calculated using the Discount Rate on the basis of a 360-day year of twelve 30-day months and assuming each amount is received at the end of the Collection Period in which the amount is scheduled to be received) over (ii) all cash collections and any other cash proceeds received by the Issuer on the related Receivable from (but excluding) the last day of the Collection Period immediately preceding the related Collection Period to the day on which such Receivable becomes an Acquired Receivable.

  • prescribed amount means $10 000 or such other amount as may be prescribed.

  • Invested Amount means, as of any date of determination, an amount equal to the sum of (a) the Class A Invested Amount as of such date, (b) the Class B Invested Amount as of such date and (c) the Collateral Invested Amount as of such date.

  • Deficiency Balance means, with respect to any Receivable, any deficiency balance, charged-off amount, Principal Balance, accrued interest and/or fees and any Related Security; provided, that such amounts and Related Security relate to a Receivable which is a Defaulted Receivable.

  • Auction Amount has the meaning assigned to such term in the definition of “Dutch Auction”.

  • Allowed Amount means the total amount of reimbursement allocated to a covered Service and includes both the BCBSAZ payment and the Member Cost-share payment. BCBSAZ calculates deductible and Coinsurance based on the Allowed Amount, less any access fees or Precertification Charges. BCBSAZ uses the Allowed Amount to accumulate toward any Out-of-pocket Coinsurance Maximum or Out-of-pocket Maximum that applies to the member’s Benefit Plan. The Allowed Amount does not include any balance bills from noncontracted Providers. The Allowed Amount is neither tied to, nor necessarily reflective of, the amounts Providers in any given area usually charge for their services. The table below shows how BCBSAZ determines the Allowed Amount:

  • Submitted Amount has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Appraised-Out Class As defined in Section 3.10(a) of this Agreement.

  • Requested Amount has the meaning assigned to such term in Section 2.02.

  • Earnout Amount has the meaning provided in Section 2.9(b).

  • Funded Amount means, with respect to any Revolving Obligation (excluding a Synthetic Security) or Delayed Drawdown Collateral Obligation at any time, the aggregate principal amount of advances or other extensions of credit to the extent funded thereunder by the Issuer that are outstanding at such time.

  • Deficiency Claim means any portion of a Claim (a) to the extent the value of the holder’s interest in Assets securing such Claim is less than the amount of such Claim or (b) to the extent the amount of a Claim is subject to setoff is less than the amount of the Claim, each as determined by § 506(a) of the Bankruptcy Code.

  • Deficiency Amount shall have the meaning set forth for such term in Section 4.03(a) hereof. “Department” shall mean the South Carolina Department of Revenue.

  • Valuation Amount means, in respect of each Vessel, the value thereof as most recently determined under clause 8.2.2; and

  • Solicited Discounted Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(D)(1).

  • Rescindable Amount has the meaning as defined in Section 2.12(b)(ii).

  • Class B Invested Amount means, on any date of determination, an amount equal to (a) the Class B Initial Invested Amount, minus (b) the aggregate amount of principal payments made to the Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Distribution Dates, minus (d) the amount of Reallocated Principal Collections allocated on all prior Distribution Dates pursuant to subsection 4.08(a) (excluding any Reallocated Principal Collections that have resulted in a reduction in the Collateral Invested Amount pursuant to Section 4.08), minus (e) an amount equal to the amount by which the Class B Invested Amount has been reduced on all prior Distribution Dates pursuant to subsection 4.06(a) and plus (f) the amount of Excess Spread and Excess Finance Charge Collections allocated and available on all prior Distribution Dates pursuant to subsection 4.07(e) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Invested Amount may not be reduced below zero.

  • Transaction Amount means the aggregate value of all of the issued and outstanding REIT Shares using a per share value equal to the per share value paid to the Stockholders in an Extraordinary Transaction. Transfer has the meaning set forth in Section 9.2(a) hereof. Value means, with respect to REIT Shares, the average of the daily market price of such REIT Share for the ten (10) consecutive trading days immediately preceding the date of such valuation. The market price for each such trading day shall be: (i) if the REIT Shares are Listed, the sale price, regular way, on such day, or if no such sale takes place on such day, the average of the closing bid and asked prices, regular way, on such day; (ii) if the REIT Shares are not Listed, the last reported sale price on such day or, if no sale takes place on such day, the average of the closing bid and asked prices on such day, as reported by a reliable quotation source designated by the General Partner; or (iii) if the REIT Shares are not Listed and no such last reported sale price or closing bid and asked prices are available, the average of the reported high bid and low asked prices on such day, as reported by a reliable quotation source designated by the General Partner, or if there shall be no bid and asked prices on such day, the average of the high bid and low asked prices, as so reported, on the most recent day (not more than ten (10) days prior to the date in question) for which prices have been so reported; provided that if there are no bid and asked prices reported during the ten (10) days prior to the date in question, the value of the REIT Shares shall be determined by the General Partner acting in good faith on the basis of such quotations and other information as it considers, in its reasonable judgment, appropriate. In the event the REIT Shares Amount includes rights that a holder of REIT Shares would be entitled to receive, then the value of such rights shall be determined by the General Partner acting in good faith on the basis of such quotations and other information as it considers, in its reasonable judgment, appropriate.

  • Adjusted Invested Amount means, with respect to any date of determination, an amount equal to the Invested Amount less the Principal Funding Account Balance on such date of determination.

  • Covered Debt Amount means, on any date, the sum of (x) all of the Revolving Credit Exposures of all Lenders on such date plus (y) the aggregate principal amount (including any increase in the aggregate principal amount resulting from payable-in-kind interest) of Other Covered Indebtedness outstanding on such date.