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Differential Sum definition

Differential Sum means the figure (expressed as a positive amount) representing the difference between zero and the negative figure referred to in Condition 18.9;
Differential Sum. Means the difference between the Sale and Purchase Price of the Property and Customer’s Selling Price(s) which is equivalent to the amount financed by the Bank.
Differential Sum means the difference between the Balance Disposal Consideration and the sum of the Facility.

Examples of Differential Sum in a sentence

  • In the event the first balance sum is not sufficient to redeem the Subject Property, the Vendor shall, within fourteen (14) business days of the date of notice from the Trustee's solicitors, make available the difference between the redemption sum and the first balance sum to be paid to the Existing Chargee ("Vendor's Differential Sum").

  • The Land Acquisition Consideration (comprising the Loan Redemption Sum and the Differential Sum) is to be satisfied entirely by cash, which will be funded vide internally generated funds of CITAGLOBAL and its subsidiaries (collectively, the “Group”).

  • The parties agreed that such part of the Purchase Consideration received by Vendor or Vendor's solicitors less the defect retention sum and lease retention sum shall only be utilised by the Vendor and/ or Vendor's solicitors to redeem the Subject Property from the Existing Chargee only if the Vendor and/ or Vendor's solicitors is able to pay and/ or make available the Vendor's Differential Sum to the Existing Chargee.

  • Any period of delay from the said Fourteen (14) days to the day the Purchaser’s Solicitors or the Purchaser’s Financier receipt of the said Vendor’s Undertaking shall not be taken into account in the computation of the Completion Period or the Extended Completion Period and no late payment interest pursuant to Clause 2.2 shall be payable Provided That the Differential Sum shall be firstly paid to the Vendor’s Solicitors as stakeholders.

  • The Purchaser’s solicitors are authorised to present the Transfer and other transfer documents for registration at the relevant land registry only when the Purchaser has paid the full purchase price to the Vendor’s solicitors as stakeholders pursuant to the terms in the SPA or the Vendor’s solicitors have received the Purchaser’s financier’s undertaking and the Differential Sum pursuant to the terms in the SPA.

  • The Group may build the solar farms or roof-top power stations and operate the power stations itself.

  • Pursuant to the deemed payments herein stated, Sinergi Dayang shall pay the Differential Sum to CITAGLOBAL.

  • In this regard, the Trustee is obliged to give Mydin at least seven (7) Business Days prior written notice of the actual date it proposes to pay the Differential Sum (less the Retention Sum) to Mydin’s Solicitors so that Mydin has advance notice of the Completion Date in order for it to deliver the fresh bank guarantees referred under paragraphs (d)(i) and (ii) above.

  • For FYE 31 December 2022, the preferred dividend paid to the Vendors will be limited to RM0.4 million, being the balance of Differential Sum 1, and thereafter, PSSB will no longer be entitled to any more preferred dividends in this regard.

  • The term “Completion Date” has now been amended to mean the date of payment of the Differential Sum less the Retention Sum to Mydin’s solicitors as stakeholders in accordance with the terms of the Second Supplemental Agreement.


More Definitions of Differential Sum

Differential Sum has the meaning assigned to it in clause 4.4;

Related to Differential Sum

  • Differential Deposit means data that reflects all transactions that were not reflected in the last previous Full or Differential Deposit, as the case may be. Each Differential Deposit will contain all database transactions since the previous Deposit was completed as of 00:00:00 UTC of each day, but Sunday. Differential Deposits must include complete Escrow Records as specified below that were not included or changed since the most recent full or Differential Deposit (i.e., newly added or modified domain names).

  • Principal Sum means the Maximum Benefit.

  • Differential Amount means the Differential Amount as calculated or, respectively, specified by the Calculation Agent pursuant to § 4 of the Special Conditions.

  • Interest Differential is defined in Section 3.4.

  • Yield Maintenance Premium means the amount (if any) which, when added to the remaining principal amount of the Note or the principal amount of a Defeased Note, as applicable, will be sufficient to purchase U.S. Obligations providing the required Scheduled Defeasance Payments.

  • Price Differential means, with respect to any Transaction hereunder as of any date, the aggregate amount obtained by daily application of the Pricing Rate for such Transaction to the Purchase Price for such Transaction on a 360 day per year basis for the actual number of days during the period commencing on (and including) the Purchase Date for such Transaction and ending on (but excluding) the Repurchase Date (reduced by any amount of such Price Differential previously paid by Seller to Buyer with respect to such Transaction).

  • Default Charges Default Interest and/or late payment charges that are paid or payable, as the context may require, in respect of any Mortgage Loan or Serviced Pari Passu Companion Loan or REO Mortgage Loan.

  • Prepayment Premium means, with respect to the Mortgage Loan, any prepayment premium, spread maintenance premium, yield maintenance premium or similar fee required to be paid in connection with a prepayment of the Mortgage Loan pursuant to the Mortgage Loan Documents, including any exit fee.

  • Default Interest means interest chargeable in terms of this Agreement to unpaid amounts or outstanding obligations which interest shall be calculated, from the due date until date of payment, on a daily balance and compounded monthly in arrear at an annual rate of two percent (2%) above the prevailing, variable prime rate publicly quoted by ABSA Bank Limited from time to time.

  • Extra Premium means an additional amount charged by Us, as per Our Underwriting Policy, which is determined on the basis of disclosures made by You in the Proposal Form or any other information received by Us including medical examination report of the Life Insured.

  • Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.

  • Differential is a salary allowance in addition to the basic rate or schedule based upon hours of employment.

  • Breakage Costs shall have the meaning set forth in Section 2.2.3(h) hereof.

  • Spread Maintenance Premium means, with respect to any payment or prepayment, an amount equal to the product of the following: (i) the LIBOR Margin, the Alternate Rate Spread or the Base Rate Spread then applicable to each such future installment of interest, multiplied by (ii) the principal amount of the Loan so prepaid, and multiplied by (iii) a fraction, the numerator of which is the number of days following the date through which interest on the prepaid amount has been paid through and including December 14, 2019, and the denominator of which is 360.

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

  • Interest Subsidy Payments means payments, designated as such, consisting of interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • Yield Maintenance Charge With respect to any Mortgage Loan or Serviced Companion Loan, the yield maintenance charge or prepayment premium, if any, payable under the related Note in connection with certain prepayments.

  • Risk Premium means a percentage determined on an Adjustment Day for the Adjustment Period beginning on such Adjustment Day, which indicate the price of the risks taken over by the Issuer. The determination will be made by the Issuer in its reasonable discretion (billiges Ermessen § 315 German Civil Code (BGB)). The respective

  • Default Costs means reasonable attorney's fees and remarketing costs resulting from a Lessee default or Lessor's enforcement of its remedies. DELIVERY DATE - means date of delivery of Inventory Equipment to Lessee's address.

  • Month End Interest As defined in each Servicing Agreement.

  • Provisional Sum means a sum (if any) which is specified in the Contract as a provisional sum, for the execution of any part of the Works or for the supply of Plant, Materials or services under Sub-Clause 13.5 [Provisional Sums].

  • Late Payment means any amount that is due and payable by law under a written procurement contract, without deferral, delay, or set-off under COMAR 21.02.07.03, and remains unpaid more than 45 days after an agency receives a Proper Invoice.

  • Yield Differential has the meaning set forth in Section 2.14(e)(iii).

  • Prepayment Premiums Any prepayment fees and penalties to be paid by the Mortgagor on a Mortgage Loan.

  • Loan Payments means the amounts required to be paid by the Company in repayment of the Loan pursuant to Section 4.1 hereof.

  • Yield Maintenance Amount means, with respect to any Note, an amount equal to the excess, if any, of the Discounted Value of the Called Principal of such Note over the sum of (i) such Called Principal plus (ii) interest accrued thereon as of (including interest due on) the Settlement Date with respect to such Called Principal. The Yield-Maintenance Amount shall in no event be less than zero.