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;
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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.
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Differential Sum has the meaning assigned to it in clause 4.4;
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Examples of Differential Sum in a sentence

  • 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.

  • 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.

  • For the avoidance of doubt, if the Differential Sum is not settled within 7 days from the date of the Enforcement Notice in accordance with the provisions of paragraph 4.9(b) above, the Security Property Completion Date shall be extended accordingly by the same number of days in delay on the part of JBB Builders in settling the Differential Sum.

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

  • 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 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 means the difference between the Balance Disposal Consideration and the sum of the Facility.
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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.