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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;

Examples of Retained Sum in a sentence

  • Pursuant thereto, the Vendor had transferred the Retained Sum to the Purchaser.

  • Pursuant to the Sale and Purchase Agreement, All Benefit shall procure the preparation and filing of the tax assessment report (if applicable) to the relevant local tax authorities and use the Retained Sum to settle the PRC Taxes.

  • In connection with the Retained Sum, the Purchaser shall immediately after Completion,and after SFT and SFI cease to be subsidiaries of the Company, procure that each of SFT and SFI provides the Company with corporate guarantees in favour of the Company in respect of the Retained Sum.

  • 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.

  • 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.

  • To the extent that the Australian Tax Office issues a final denial of the Company's use of Tax Losses on the Company's 0000 Xxxxxxxxxx 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).

  • If the assessed amount of the PRC Taxes is more than the Retained Sum, Goldmark shall pay to All Benefit such additional amount together with all further interest and penalty amounts assessed.

  • For the avoidance of doubt, the aggregate of all Indemnity Claims from the Purchaser shall not at any time, exceed the Retained Sum.

  • If post-COD (a) the Outstanding Indebtedness; plus (b) the “B” Purchase Price, which is determined in accordance with Attachment A of Appendix K of the PPA; plus (c) the Transfer Costs; less (d) the Retained Sum.

  • Upon payment of all such GIPEC expenses, ESDC shall transfer any remaining Retained Sum funds to the Successor Entity.

Related to Retained Sum

  • Earnest Money Deposit (EMD) means Bid Security/ monetary or financial guarantee to be furnished by a tenderer along with its tender.

  • Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC

  • Retained Amount means the present value (as determined in accordance with sections 280G(b)(2)(A)(ii) and 280G(d)(4) of the Code) of the Total Benefits net of all federal, state and local taxes imposed on Executive with respect thereto.

  • Retained Obligations shall have the meaning set forth in Section 2.6.

  • Retained Liabilities has the meaning set forth in Section 2.4.

  • Earnest Money means the amount equal to 10% of Consideration as specified in the Application Form / Provisional Allotment Letter;

  • Retained Assets has the meaning set forth in Section 2.2.

  • Retained Duty means any role or duty under a Corporate Trust Contract with respect to any Appointment as account bank, depositary / depository, depository agent, eligible lender trustee, master servicer, backup advancing agent, trustee (or other similar role), buyer, financial institution or lender, in each case:

  • Employee Liabilities means all claims, actions, proceedings, orders, demands, complaints, investigations (save for any claims for personal injury which are covered by insurance) and any award, compensation, damages, tribunal awards, fine, loss, order, penalty, disbursement, payment made by way of settlement and costs, expenses and legal costs reasonably incurred in connection with a claim or investigation including in relation to the following: redundancy payments including contractual or enhanced redundancy costs, termination costs and notice payments; unfair, wrongful or constructive dismissal compensation; compensation for discrimination on grounds of sex, race, disability, age, religion or belief, gender reassignment, marriage or civil partnership, pregnancy and maternity or sexual orientation or claims for equal pay; compensation for less favourable treatment of part-time workers or fixed term employees; outstanding debts and unlawful deduction of wages including any PAYE and National Insurance Contributions in relation to payments made by the Customer or the Replacement Supplier to a Transferring Supplier Employee which would have been payable by the Supplier or the Sub-Contractor if such payment should have been made prior to the Service Transfer Date; claims whether in tort, contract or statute or otherwise; any investigation by the Equality and Human Rights Commission or other enforcement, regulatory or supervisory body and of implementing any requirements which may arise from such investigation;

  • Closing Payment has the meaning set forth in Section 2.2.

  • Assumed Obligations has the meaning specified in Section 2.2.

  • Defect Liability Period in relation to a work means the specified period from the date of COMPLETION CERTIFICATE upto the date of issue of FINAL CERTIFICATE during which the CONTRACTOR stands responsible for rectifying all defects that may appear in the works executed by the CONTRACTOR in pursuance of the CONTRACT and includes warranties against Manufacturing/Fabrication/ Erection/Construction defects covering all materials plants, equipment, components, and the like supplied by the CONTRACTOR, works executed against workmanship defects.

  • Retained Declined Proceeds has the meaning specified in Section 2.05(b)(v).

  • Indemnity Escrow Amount means $3,000,000.

  • Transferred Liabilities has the meaning ascribed to such term in the Separation Agreement.

  • Allocable Portion for purposes of this Plan, means (1) if there is one Distributor, all Earned Distribution and Earned Servicing Fees; or (2) if there are two or more Distributors, the portion of the Earned Distribution Fee and Earned Servicing Fee allocated to a Distributor in accordance with any allocation procedures to which each Distributor shall agree and which accurately allocates the Earned Distribution and Earned Servicing Fees among all Distributors in proportion to the outstanding New Class X Shares attributable to their respective efforts.

  • Applicable Commitment Fee Rate shall mean the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Commitment Fee.”

  • Holdback Amount has the meaning set forth in Section 2.1(c).

  • Casualty Loss means, with respect to all or any portion of the Assets, any destruction by fire, storm or other casualty, or any condemnation or taking or threatened condemnation or taking, of all or any portion of the Assets.

  • Retained Employees has the meaning set forth in Section 8.1.

  • Defects Liability Period means the warranty period following the taking over, during which the Contractor is responsible for making good, defects and damage in Goods and Services provided, under the Contract.

  • Allocable Costs means costs allocable to a particular cost objective if the goods or services involved are chargeable or assignable to such cost objective in accordance with relative benefits received or other equitable relationship. Costs allocable to a specific Program may not be shifted to other Programs in order to meet deficiencies caused by overruns or other fund considerations, to avoid restrictions imposed by law or by the terms of this Agreement, or for other reasons of convenience.

  • Guarantee/Warranty/ Defect Liability Period (DLP) means the period and other conditions governing the warranty/guarantee/defect liability period of the services as provided in the Contract.

  • Retained Employee does not include any individual who has a direct or an indirect ownership interest of at least five percent (5%) in the profits, equity, capital, or value of the Taxpayer, or a child, grandchild, parent, or spouse, other than a spouse who is legally separated from the individual, of any individual who has direct or indirect ownership interest of at least five percent (5%) of the profits, equity, capital or value of the Company.

  • Seller’s Interest means, at any time, a “seller’s interest” as defined in, and calculated in accordance with, Regulation RR.

  • Allocable Share means Allocable Share as that term is defined in the Master Settlement Agreement.