Liquidated Damages Account definition

Liquidated Damages Account has the meaning set forth in Section 3.01(a)(ii) of the Accounts Agreement.
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Liquidated Damages Account has the meaning provided in Section 3.01(a)(ii) (Establishment of Project Accounts).
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Liquidated Damages Account has the meaning provided in Section 8.01(d) (
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Examples of Liquidated Damages Account in a sentence

  • On or prior to the Closing Date, the Borrower and the Collateral Agent shall cause to be established at the Securities Intermediary the Revenue Account, the Disbursement Account, the Distribution Reserve Account, the Liquidated Damages Account, the Loss Proceeds Account, the Additional Payment Account, the Debt Service Reserve Account and the O&M Reserve Account.

  • The Borrower shall cause all Delay Liquidated Damages received on or prior to the Conversion Date to be paid into the Liquidated Damages Account.

  • Sentinel shall deposit funds to replenish the Liquidated Damages Account to the Liquidated Damages Amount within ten (10) days after Sentinel’s receipt of notification by the Escrow Holder that the Liquidated Damages Account balance has fallen to Fifty Thousand Dollars ($50,000) or less.

  • Except as otherwise provided in this Agreement, the Liquidated Damages Account shall remain open and funded until the submission of Termination Completion Documentation.

  • In the event the arbitrator determines a Deadline Default did not occur, then Sentinel may close the Liquidated Damages Account provided that Sentinel is not otherwise obligated under Section 8.1(a) to maintain the account.

  • On the Conversion Date, the Accounts Bank shall, upon written direction from the Borrower or the Collateral Agent, transfer any funds on deposit in or standing to the credit of the Liquidated Damages Account to the Revenue Account.

  • Brexit ReserveThe Secretary of State for the Ministry of Housing, Communities and Local Government (MHCLG) announced in January 2019,funding which is intended to support councils in the need to prepare for an orderly exit from the EU and to carry outcontingency planning.

  • Withdrawals from Liquidated Damages Account for the payment of [Debt Service] [fixed costs for the [Albion][Bloomingburg][Linden] Plant and other amounts that are due and owing as approved by the Independent Engineer and the Administrative Agent].

  • The Borrower shall cause all the Key Project Participants, if applicable, to remit any and all liquidated damages and warranty payments that they owe to the Borrower to the Liquidated Damages Account.

  • Sentinel shall be responsible for all escrow costs and all administrative costs to the City relating to the Liquidated Damages Account.


More Definitions of Liquidated Damages Account

Liquidated Damages Account has the meaning assigned to such term in Section 7.6 of this Agreement.
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Related to Liquidated Damages Account

  • Liquidated Damages Amount has the meaning set forth in Section 2(e) hereof.

  • Liquidated Damages means all liquidated damages then owing pursuant to Section 5 of the Registration Rights Agreement.

  • Damages Accrual Period has the meaning set forth in Section 2(e) hereof.

  • Delay Liquidated Damages has the meaning set forth in Section 13.1.

  • Performance Liquidated Damages means any liquidated damages resulting from the Project’s performance which are required to be paid by the EPC Contractor or any other Material Project Party for or on account of any diminution to the performance of the Project.

  • SPECIAL LIQUIDATED DAMAGES means the amount payable by the Transport Supplier in case of default arising out of Non-availability of vehicle(s)/crew when the Company's operations are normal and also Non-availability of services due to unauthorized / lightening strike by Transport Supplier or his/her crew for any reason whatsoever. The period of non-availability of services will be treated as shutdown and shall attract Special Liquidated damage at the rate of twice the pro- rata fixed charge per day. Special L.D. shall be levied irrespective of whether such default resulted in a shutdown for the whole day or part thereof.

  • Damages Payment Date With respect to the Series A Notes, each Interest Payment Date.

  • Liquidated Damages Multiplier means, with respect to a particular Purchaser, (i) the product of the Common Unit Price multiplied by (ii) the number of Purchased Units purchased by such Purchaser that may not be disposed of without restriction and without the need for current public information pursuant to any section of Rule 144 (or any similar provision then in effect) under the Securities Act.

  • Final Payment Date means the "Final Payment Date" as specified in § 1 of the Product and Underlying Data.

  • Agent Payment Account means account no. 5000000030266 of Agent at Wachovia Bank, National Association, or such other account of Agent as Agent may from time to time designate to Administrative Borrower as the Agent Payment Account for purposes of this Agreement and the other Financing Agreements.

  • Additional Interest Amount means, with respect to Trust Securities of a given Liquidation Amount and/or a given period, the amount of Additional Interest paid by the Depositor on a Like Amount of Notes for such period.

  • Redemption Account means, in respect of ETP Securities, a bank account to receive payments in the Relevant Currency of the Optional Redemption Amount in respect of the redemption of such ETP Securities, which account shall be:

  • Redemption Payment Date As defined in Section 13.1.

  • Accumulation Amount means $83,333,333.34; provided, however, if the commencement of the Accumulation Period is delayed in accordance with Section 2.11 hereof, the Accumulation Amount shall be determined in accordance with the definition of “Accumulation Amount” in the Indenture Supplement.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Coupon Payment Date means each day specified to be an Coupon Payment Date in the Product Terms.

  • Closing Fees means those fees required to be paid on the Closing Date pursuant to the Fee Letter.

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • Unpaid Interest Amount As of any Distribution Date and any Class of Certificates, the sum of (a) the portion of the Accrued Certificate Interest Distribution Amount from Distribution Dates prior to the current Distribution Date remaining unpaid immediately prior to the current Distribution Date and (b) interest on the amount in clause (a) above at the applicable Pass-Through Rate (to the extent permitted by applicable law).

  • Note Payment Account means the account established and maintained as such pursuant to Section 4.1(b).

  • Trading Account means the unique personified register of all completed transactions, open positions, orders and nontrading operations on the trading platform.

  • Down payment means all partial payments, whether made in cash or otherwise, received by or for the benefit of the seller before or substantially contemporaneous with either the execution of the installment sale contract or the delivery of the motor vehicle sold under that contract, whichever occurs later.

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.

  • Unpaid Interest Amounts As of any Distribution Date and any Class of Certificates, the sum of (a) the portion of the Accrued Certificate Interest Distribution Amount from Distribution Dates prior to the current Distribution Date remaining unpaid immediately prior to the current Distribution Date and (b) interest on the amount in clause (a) above at the applicable Pass-Through Rate (to the extent permitted by applicable law).

  • Final Payment is a payment (in addition to and not a substitution for the regular monthly payments of principal plus accrued interest) due on the earliest to occur of (a) the Maturity Date, or (b) the acceleration of any Term Loan, or (c) the prepayment of a Term Loan pursuant to Section 2.2(c) or (d), equal to the original principal amount of such Term Loan multiplied by the Final Payment Percentage, payable to Lenders in accordance with their respective Pro Rata Shares.

  • Default Fee means with respect to any amount due and payable by Seller in respect of any Aggregate Unpaids, an amount equal to the greater of (i) $1000 and (ii) interest on any such unpaid Aggregate Unpaids at a rate per annum equal to 2% above the Prime Rate.