Released Portion definition

Released Portion shall have the meaning set forth in Section 4.3(b) hereof.
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Released Portion means the total value of the Scheme Consideration expressed as a percentage of the total value of Admitted Claims as at the later of: (a) 5pm on 3 August 2020; or (b) the date on which all Undetermined Provable Claims are finally adjudicated upon;
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Released Portion has the meaning set forth in Section 3.1. ---------------- "Remainder of the Month" has the meaning set forth in Section 10.3(b). ---------------------- "Representatives" has the meaning set forth in Section 6.1(b). ---------------
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Examples of Released Portion in a sentence

  • At any time following such date, upon final resolution of any Unresolved Claim and to the extent that it is finally determined that no Purchaser Indemnitee is entitled to any portion of the corresponding Reserved Loss (such portion, the “Released Portion”), the Purchaser shall, within five (5) Business Days following such final resolution, release to the Seller, from the Indemnity Withheld Amount, an amount equal to the lesser of (A) the remaining Indemnity Withheld Amount, and (B) the Released Portion.

  • The Deed of Trust shall continue as a lien and security interest on the portion of the Property other than the Released Portion.

  • Upon the Partial Release of Property, the Release Price of such Released Portion shall no longer be included in the calculation of Borrowing Base Availability as set forth under Section 2.1 hereof and Borrowing Base Availability shall be calculated based on the Release Price of the remaining Property.

  • Borrower may request and Lender may consider a substitution of real property collateral for the Released Portion of the Property.

  • No Partial Release shall, in any way, impair or affect the lien or priority of the Deed of Trust with respect to any portion of the Property other than the Released Portion, or improve the position of any subordinate lienholder with respect thereto.

  • The Released Portion shall be credited against the Purchase Price at Closing but is hereby deemed earned by Seller and shall be non-refundable to Purchaser for any reason whatsoever except in the event of a default by Seller of Seller’s obligations to close the sale or a failure of a condition to Purchaser’s obligation to close the sale.

  • It is the express agreement of the parties hereto that on and after the execution and delivery of this First Amendment, the Released Portion shall (a) no longer be part and parcel of the Streets and (b) be released from any and all of the terms, covenants and restrictions set forth in the Private Streets Agreement.

  • Upon receipt of a Release Certificate in respect of all or part of the Escrowed Redemption Amount (the "RELEASED PORTION"), the Escrow Agent shall pay from the Escrowed Funds as directed in the Release Certificate an amount equal to the Released Portion plus the Earnings thereon less any Losses thereon.

  • All such amounts in excess of the sales price of such Released Portion shall be applied as a prepayment against the Note.

  • Upon request of the Mortgagor and fulfillment of the conditions set forth below, Mortgagee will release a portion of the Premises from the lien of this Mortgage consisting of no more than six (6) acres of vacant land (the "Released Portion").


More Definitions of Released Portion

Released Portion has the meaning ascribed to it in Section 2.9(b).
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Released Portion as set forth in Section 9.7.2.
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