Discrepancy Amount definition

Discrepancy Amount has the meaning given to it in Section 5(3)(b).
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Discrepancy Amount means the amount of any sales credit granted to a customer of the Company relating to billing disputes in connection with meter discrepancies, other than those sales credits granted in the Company’s normal (ELP) sales credit process (which ELP sales credits consist of those granted as a result of the 4-day cap on pricing in the Company’s customer Contracts), where such credit relates to services invoiced by the Company prior to Closing and is granted to such customer after the Closing. For illustrative purposes, Exhibit 1.1(c) sets forth the calculation of the aggregate Discrepancy Amounts assuming a Closing Date of December 31, 2005.
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Examples of Discrepancy Amount in a sentence

  • The Collectible Accounts Receivable Determination and/or the Closing Date Balance Sheet, Closing Working Capital, the Closing Working Capital Discrepancy Amount (if any) or the Discrepancy Repayment (if any), each as adjusted pursuant to such report shall be final and binding on the Parties hereto and shall be submitted to the Escrow Agent with specific instructions from the Accounting Referee to release funds from the escrow account, the amount of such funds and the Party to receive such funds.

  • The Accounting Referee shall deliver to Nextera and FTI as promptly as practicable, and within thirty (30) days after being referred the matter, a report setting forth its adjustments (if any) to any Collectible Accounts Receivable Determination and/or the Closing Date Balance Sheet, Closing Working Capital, the Closing Working Capital Discrepancy Amount (if any) or the Discrepancy Repayment (if any), as applicable, and the calculations supporting such determinations.

  • If such an agreement is reached during this period, the Parties' agreement regarding any Collectible Accounts Receivable Determination, on the one hand, and/or the Closing Date Balance Sheet, Closing Working Capital, the Closing Working Capital Discrepancy Amount (if any) or the Discrepancy Repayment (if any), on the other hand, shall be final and binding on the Parties.

  • If no such notice of disagreement is timely delivered, then any Collectible Accounts Receivable Determination, on the one hand, and/or the Closing Date Balance Sheet, Closing Working Capital, the Closing Working Capital Discrepancy Amount (if any) and the Discrepancy Repayment (if any), on the other hand, shall be final and binding on the Parties hereto.

  • In the event of an underpayment, the Payor shall, concurrently with the payment of the Discrepancy, pay to the Payee interest on the Discrepancy Amount at a rate equal to the Prime Rate, which interest shall accrue from the original due date until paid in full.

  • In the event the accounting firm selected in accordance with Section 5(3)(a) identifies an error resulting in an underpayment or overpayment of the Royalty, the amount of the underpayment or overpayment (the “Discrepancy Amount”), as the case may be, shall, in the case of an underpayment, be paid by the Payor to the Payee at the time the Discrepancy Amount is identified, and, in the case of an overpayment, be credited by the Payee to the Payor against future Royalty payments.

  • If the Closing Working Capital exceeds the Working Capital Target, Buyer shall immediately repay to Sellers any Estimated Working Capital Discrepancy Amount deducted pursuant to Section 3.5(d) (the "Discrepancy Repayment") in immediately available cash funds by wire transfer to the account designated by Sellers under Section 3.2(a).

  • If the Closing Working Capital exceeds the Working Capital Target, Buyer shall immediately repay to Sellers any Estimated Working Capital Discrepancy Amount deducted pursuant to Section 3.5(d) (the "DISCREPANCY REPAYMENT") in immediately available cash funds by wire transfer to the account designated by Sellers under Section 3.2(a).

Related to Discrepancy Amount

  • Monthly Shared-Loss Amount means the change in the Cumulative Shared- Loss Amount from the beginning of each month to the end of each month.

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.

  • Estimated Adjustment Amount has the meaning set forth in Section 2.8(a).

  • Principal Deficiency Amount For any Distribution Date and for any Undercollateralized Group, the excess, if any, of the aggregate Class Certificate Principal Balance of such Undercollateralized Group immediately prior to such Distribution Date over the sum of the Principal Balances of the Mortgage Loans in the related Loan Group immediately prior to such Distribution Date.

  • 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.