Liquidated Sum definition

Liquidated Sum has the meaning specified in Section 7.03(a).
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Liquidated Sum means an amount equivalent to the Rental Rate for six (6) months but not exceeding twenty thousand dollars ($20,000.00);
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Liquidated Sum means an amount treated as liquidated damages recoverable on demand as compensation. Operating Hours means 8.00am to 2.00pm which includes the Permitted Use means the permitted use of the Allocated Space, specified for the sale of items as part of the Event. Site means the site of the Event, being the Lane Cove Civic Term means the period from the Commencement Date to the Terminating date, as specified being for the duration of the Event and only during the Operating Hours.
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Examples of Liquidated Sum in a sentence

  • On or prior to the Closing Date, Contributor shall discharge all Liquidated Sum Title Exceptions.

  • The Club has the right to impose additional charges where the Allocated Space and their surrounds are not left in a clean and tidy condition, where garbage is not correctly disposed of, and where You access the Allocated Space prior to the Commencement Date, or fail to vacate after the Terminating Date or use the Allocated Space outside of the Operating Hours and where such costs or charges shall be recoverable from you as a Liquidated Sum.

  • If the Buyer fails to perform any covenants or obligation of this Agreement, the ▇▇▇▇▇▇▇ money deposit paid (the "Liquidated Sum"), or agreed to be paid, may be retained by the Seller as agreed upon liquidated damages as consideration for the execution of this Agreement and full settlement of any claims arising from or related to this Agreement.

  • The Club may recover from You, any loss or damages in respect of any damage to the Allocated Space where the damage was caused by your negligence or wilful act or omission and where such costs or charges shall be recoverable as a Liquidated Sum.

  • The provisions of this Section 5.5 shall be subject to Seller’s and Purchaser’s rights and obligations with respect to Voluntary Title Exceptions and Liquidated Sum Title Exceptions as set forth in Section 5.6 and Section 5.7, respectively.

  • Any fees and charges that are outstanding at any time may be recovered from You by the Club as a Liquidated Sum and payable on demand together with the cost of any required legal action seeking demand for payment where payment is not made within the time required.

  • The provisions of this Section 5.4 shall be subject to Seller's and Purchaser's rights and obligations with respect to Voluntary Title Exceptions and Liquidated Sum Title Exceptions as set forth in Sections 5.5 and 5.6 below, respectively.

  • The Liquidated Sum will be paid out of the escrow account, and once paid, Purchaser and Seller will be relieved of any further liabilities or obligations under this Agreement.

  • Buyer and Seller specifically understand and agree that: i) the foregoing remedy is intended to operate as a liquidated damages clause and not as a penalty or forfeiture provision; ii) the actual damages that the Seller may suffer if Buyer defaults are impossible to ascertain precisely and, therefore, the Liquidated Sum represents the parties' reasonable estimate of such damages considering all of the circumstances existing on the date of this Agreement.

  • Seller shall be entitled to one or more adjournments of the Scheduled Closing Date not to exceed thirty (30) days in the aggregate (inclusive of any adjournments made by Seller pursuant to Section 5.5 and Section 5.6 above) to discharge Liquidated Sum Title Exceptions.

Related to Liquidated Sum

  • Liquidated Loan A Mortgage Loan with respect to which the related Mortgaged Property has been acquired, liquidated or foreclosed and with respect to which the applicable Servicer determines that all Liquidation Proceeds which it expects to recover have been recovered.

  • Liquidated Lease means a Defaulted Lease that is terminated and charged off by the Servicer prior to its Maturity Date.

  • Liquidated Contract means any defaulted Contract as to which the Servicer has determined that all amounts which it expects to recover from or on account of such Contract have been recovered; provided that any defaulted Contract in respect of which the related Manufactured Home and, in the case of Land-and-Home Contracts, Mortgaged Property, have been realized upon and disposed of and the proceeds of such disposition have been received shall be deemed to be a Liquidated Contract.

  • Liquidated Loan Loss With respect to any Distribution Date, the aggregate of the amount of losses with respect to each Mortgage Loan which became a Liquidated Loan during the Applicable Unscheduled Principal Receipt Period with respect to Full Unscheduled Principal Receipts for such Distribution Date, equal to the excess of (i) the unpaid principal balance of each such Liquidated Loan, plus accrued interest thereon in accordance with the amortization schedule at the time applicable thereto at the applicable Net Mortgage Interest Rate from the Due Date as to which interest was last paid with respect thereto through the last day of the month preceding the month in which such Distribution Date occurs, over (ii) Net Liquidation Proceeds with respect to such Liquidated Loan.

  • Consolidated Cash Interest Charges means, for any period, for the Borrower and its Restricted Subsidiaries on a consolidated basis, that portion of Consolidated Interest Charges that is either paid or required to be paid in cash during such period, but excluding prepayment or similar premiums paid in connection with any prepayment, repurchase or redemption of Consolidated Funded Indebtedness.