Examples of Remitted Amount in a sentence
In the event that the Remitted Amount has been deducted from the payment to Seller pursuant to this paragraph, Seller shall promptly prepare (at its expense) a request for refund of the Remitted Amount (“Request for Refund”) and will furnish it to Buyer for purposes of filing.
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On the Tax Filing Date, if the Remitted Amount has not already been paid to Seller as described in the preceding sentence, Buyer shall pay the Remitted Amount to the Japanese Tax Office using the proper remittance form, which shall be reviewed with Seller prior to filing, and promptly furnish Seller with official receipt from the Japanese Tax Office evidencing the payment of the Remitted Amount.
The Remitted Amount shall be treated as a payment of the Purchase Price at the time as it is either paid to Seller or paid to the Japanese Tax Office as provided in this Section 3.7; provided, however, that the Remitted Amount does not need to be paid to Seller or paid to the Japanese Tax Office for the Closing to occur.
In the event that the Remitted Amount has been deducted from the payment to Seller and remitted to the Japanese Tax Office pursuant to this paragraph, Seller shall promptly prepare (at its expense) a request for refund of the Remitted Amount (“Request for Refund”) and will furnish it to Buyer for purposes of filing.
The Remitted Amount shall be treated as a payment of the Purchase Price.
Specifically, Remitted Amounts otherwise payable to Owner on April 15, May 15, June 15 and July 15, 1999 (for sales with respect to February, March, April, and May 1999, respectively) shall be reduced by $35,373 each month, as long as the minimum monthly Remitted Amount is equal to or greater than $33,333.
The Counterparty agrees that upon receipt by the Remittance Agent of the Remitted Amount it shall execute and deliver to SMI and such other parties as SMI may designate such further release documents, and file with the appropriate filing officials, as required, any and all documents appropriate to further evidence such release and to reflect such release in appropriate public records.
Except for the one hundred thousand dollar ($100,000) advance described in paragraph 6 below, which will be recouped as described in paragraph 6, any and all other advances paid by Vendor to Owner shall be applied against amounts remitted to Owner ("Remitted Amount"), as described in Paragraph 9.2 of the First Amendment.
Simultaneously with receipt by wire transfer of the Remitted Amount as defined in the Remittance Agency Agreement, the Counterparty hereby, without further act, releases any and all right, title, interest, or security interest in the Mortgage Loans identified in the Pooling and Servicing Agreement, together with all of the Counterparty's rights and interests in and to the related loan files, rights, assets of any kind, and proceeds thereof, related to the Mortgage Loans.