Positive Settlement Payment definition

Positive Settlement Payment has the meaning given to it in sub-Clause 7.4;
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Positive Settlement Payment shall have the meaning set out in Clause 6.9.
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Examples of Positive Settlement Payment in a sentence

  • The Positive Settlement Payment or Negative Settlement Payment, as applicable, shall take place no later than 15 days after the date when the Manager’s annual accounts have been finalized and audited.

  • The Positive Settlement Payment or Negative Settlement Payment shall take place no later than 15 days after the date when the Manager's annual accounts have been finalized and audited.

  • The Positive Settlement Payment or Negative Settlement Payment, as applicable, shall take place no later than 15 days after the date when the Service Provider’s annual accounts have been finalized and audited.

  • If the Management Fee is greater than the total Preliminary Fee paid by the Owner throughout the year, the difference shall be paid as a "Positive Settlement Payment" by the Owner to the Manager.

  • If, exceptionally, a part of the actual Operating Costs have been covered by the Manager using the Owners funds ("Owner Covered Operating Costs") the Management Fee shall be reduced by art amount equal to the Owner Covered Operating Costs, It the Management Fee is greater than the total Preliminary Fee paid by the Owner throughout the year, the difference shall be paid as a "Positive Settlement Payment" by the Owner to the Manager.

  • The Positive Settlement Payment or Negative Settlement Payment shall take place no later than 15 days after the date when the Submanager’s annual accounts have been finalised and audited.