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

  • 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.

  • 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.

  • If the assessed amount of the PRC Taxes is less than the Retained Sum, All Benefit shall refund to Goldmark the sum in excess.

  • The Depositary shall then cease to hold the Retained Sum in its capacity as depositary of the Fund and shall hold it in its capacity as depositary of the Continuing Fund and shall make such transfers and redesignations as may be necessary as a result.

  • Utmost good faith, Insurable interest, Indemnity, Subrogation, Contribution and Proximity Cause.

  • In the event the Ratio is greater than one (1), the Retained Sum payable shall be capped at S$2,000,000.

  • The balance of the Retained Sum shall be kept by the Purchaser and not paid to the Company.

  • The Claimants also seek a direction that a "Retained Sum" and any interest accrued thereon, held by agreement of the parties by London solicitors following a sale of the Property pending the outcome of this action, be paid over to them for the account of the Bank in liquidation.

  • The topics are created dynamically and locally given a prompt and can capture more fine-grained aspects in the continuations.

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

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:

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

  • 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 $5,000,000.

  • Transferred Liabilities has the meaning set forth in Section 2.02(a).

  • 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.

  • Delta Payment means as it is described in this Agreement.

  • 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 2.06(a).

  • Casualty Loss has the meaning set forth in Section 5.06.

  • 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.

  • 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.

  • Non-consenting working interest owner means a working interest owner who does not enter into an agreement with Ascent pertaining to the operation of the Pointer N CRC JF Unit. At the time of this order, there are no non-consenting working interest owners identified by Ascent.

  • Retained limit means the greater of:

  • Retained Interest The meaning set forth in the Trust Agreement.