Retained Sum definition

Retained Sum means an amount certified by the Auditor as being the aggregate of the cash balances at bank and in hand and liquid securities held by the Feed-in Approval Holder and to be retained by the Feed-in Approval Holder after the Calculation Date;
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Examples of Retained Sum in a sentence

  • The Retained Amount less AU$1 million shall be the "First Retained Sum".

  • The AU$1 million that is retained shall become the "Second Retained Sum".

  • In accordance with the Agreement, we irrevocably, unconditionally and jointly authorise and instruct you to hold in your Lloyds Bank (the Bank) client account the Retained Sum on the terms and conditions of this letter.

  • In the event that a transfer of the China Venture has been made pursuant to Clause 2.8 the Purchaser shall retain from the Retained Sum an amount equal to the proportionate part of the consideration attributable to the China Venture as established by the Closing Statement.

  • To the extent that the Australian Tax Office issues a final denial of the Company's use of Tax Losses on the Company's ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Income Tax Return and the basis of such denial is resulting from any action or inaction of the Company after the Closing, the Second Retained Sum shall become immediately payable to the Sellers (on a pro-rata basis).

  • Tenant shall pay the Retained Sum to Landlord upon final completion of Landlord’s Work and Tenant’s receipt of the General Contractor’s final application for payment.

  • The Retained Sum (being the sum of £750,000) will today be credited by the Seller to the Escrow Account in accordance with clause 19 of the reement.