Retained Funds means a cash amount equal to Forty-Six Million Eighty-Five Thousand Seven Hundred Fifty Dollars ($46,085,750).

Retained Funds set forth in the Lease is hereby deleted in its entirety and the following inserted in its place:

Retained Funds means, with respect to each Property, an amount equal to ten percent (10%) of the Allocable Purchase Price of such Property.

Examples of Retained Funds in a sentence

The Retained Funds shall not be mortgaged, assigned, transferred or otherwise encumbered by Tenant or any of its Affiliated Persons without the prior written consent of Landlord and any such act on the part of Tenant or any of its Affiliated Persons without first having obtained Landlord's consent shall be without force and effect and shall not be binding upon Landlord.
Section 901.4.1 Retained Funds of the General Provisions of these specifications is hereby revised, decreasing the amount of retained funds from ten percent (10%) to five percent (5%).
Landlord shall have no obligation to pay interest on the Retained Funds and shall have the right to commingle the same with Landlord's other funds.
In the event of bankruptcy or other creditor-debtor proceedings against Tenant, the Retained Funds shall be deemed to be applied first to the payment of Rent and other charges due Landlord for all periods prior to the filing of such proceedings.
The holder of a mortgage on the Leased Property shall not be responsible to Tenant for the return or application of the Retained Funds, if it succeeds to the position of Landlord hereunder, unless the Retained Funds shall have been received in hand by such holder.

More Definitions of Retained Funds

Retained Funds shall have the meaning given such term in the Purchase Agreement.

Retained Funds upon the expiration of the Texas Lease pursuant to the terms thereof shall be guaranteed by ShoLodge pursuant to an instrument in form and substance reasonably satisfactory to Prime and ShoLodge, but such undertaking by ShoLodge shall terminate upon the transfer of the Texas Property to HPT or an Affiliate of HPT or to another Person whose financial condition is equivalent to or better than that of HPT on the date of such transfer, provided that such transferee has assumed the obligation of Southeast to deliver the "Retained Funds" upon the expiration of the Texas Lease.

Retained Funds means a cash amount equal to Fourteen Million Dollars ($14,000,000).

Retained Funds has the meaning set forth in Section 4.24.

Retained Funds means a cash amount equal to Three Million Five Hundred Ninety-Four Thousand, Twenty-Nine Dollars ($3,594,029).

Retained Funds means a cash amount equal to Five Million Four Hundred Forty Thousand Dollars ($5,440,000).

Retained Funds means the sum of Eight Hundred Nineteen Thousand and No/100 Dollars ($819,000.00)."