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Retention Funds definition

Retention Funds shall have the meaning set forth in Paragraph --------- 2.3(a) hereof. ------
Retention Funds means funds held in the Retention Account. Shareholders means the shareholders of Origo from time to time. Termination Date means the date on which a termination of this Agreement takes effect in accordance with clause 8. Unlisted Asset Disposal means the disposal of any unlisted asset(s):
Retention Funds with respect to any Tenant Improvements, means ten percent (10%) of the costs under the construction contract for construction of such Tenant Improvements. "Schedule of Values" with respect to any Tenant Improvements, means AIA Form G703, allocated by Construction Specifications Institute category, attached to the Budget, prepared by Borrower and/or Borrower's Architect prior to any Construction Component Advance for such Tenant Improvements, and approved by Lender in its reasonable discretion.

Examples of Retention Funds in a sentence

  • The Employee Retention Funds shall be used by Purchaser solely to make payments to the Scheduled Employees for the purpose of retaining such employees in the employment of Purchaser.

  • From and after the Effective Date, all references to the Hazardous Materials Guaranty and Indemnification Agreement, Use and Retention Funds Letter, and Manager's Liability Letter Agreement, are hereby revised to refer instead to the defined terms Guaranties, Use and Retention Letter, and Manager's Liability Letter, respectively.

  • The District shall provide an accounting of how the Measure H Retention Fund is applied, specific to position and FTE, to all bargaining groups and the Board of Education.If, by the date of the first interim budget of the 20-21 school year, unrestricted revenues from the state are increased from the levels provided in the May 2020 Revise, Bargaining teams will reconvene and the Retention Funds will be subject to bargaining for the 2020- 2021 school year.

  • In this event, the Contract Retention Funds is reduced pro- rata.Clause 16 (e) Clarifies that the Employer, in the absence of a Collateral Warranty, is in no way liable to Nominated Sub-contractors.

  • At the Closing, Purchaser shall assume the Assumed Liabilities and deliver $6,930,000 (the Purchase Price minus the Purchase Price Escrow Funds (defined below) and the Employee Retention Funds (defined below)) (the "CASH PURCHASE PRICE") by wire transfer of immediately available funds to Seller.

  • The District shall provide an accounting of how the Measure H Retention Fund is applied, specific to position and FTE, to all bargaining groups and the Board of Education.If, by the date of the first interim budget of the 20-21 school year, unrestricted revenues from the state are increased from the levels provided in the May 2020 Revise, Bargaining teams will reconvene and the Retention Funds will be subject to bargaining for the 2020-2021 school year.

  • All cash on hand in house banks (other than the General Manager’s xxxxx cash funds) as at the Cut-Off Time shall be retained by or credited to Sellers at the Closing, with the exception of the DFW Retention Funds and the Tempe Retention Funds, which shall be contributed or credited to Purchaser at Closing (along with any rights thereto) without any corresponding adjustment to the Aggregate Purchase Price.

  • DWCF Platform 77Club Forms 84DWCF Equipment Request Form 84Request for Payment/Reimbursement Form 85Request for Club Retention Funds* 86Local Club Meeting – Sample Agenda 87Sample Bylaws 88Best Practices for Room Layout Convention Business and Board Meetings 97Protocol 99Speakers' Bureau 106Officers Installation Ceremony……………...

  • The project has exceeded the targets of the Results Framework on incorporating Retention Funds and Donor Grants onto the PFMS, although enforcement is still required on the part of MoFED to ensure that Ministries, Departments and Agencies (MDAs) actually use the system for day-to-day transactions.

  • For purposes of administering the Management Retention Plan with respect to the director-level employees, Parent or Borrower has determined to either (i) establish and fund a trust, in which the director-level employees shall be the beneficiaries, in a minimum amount of $841,380.00 and a maximum amount of $1,028,734.00 (the "Management Retention Funds"), or (ii) deposit the Management Retention Funds into an escrow account.


More Definitions of Retention Funds

Retention Funds means the amount of the “Initial Retention” as defined in the R&W Insurance Policy.
Retention Funds. See Paragraph 2.3(c).

Related to Retention Funds

  • Levy reduction funds means increases in state funds from

  • Retention Account means, an interest bearing USD account in the name of the Borrowers opened or (as the context may require) to be opened by the Borrowers with the Bank and includes any sub-accounts thereof and any other account designated in writing by the Bank to be the Retention Account for the purposes of this Agreement;

  • Non-Fund means any corporation, business trust, partnership, trust or other entity which is not an Investment Company.

  • Compensation Fund means the fund maintained by the Society pur- suant to Sections 21 and 22 (as substituted, respectively, by Sections 29 and 30 of the Act of 1994) of the Act of 1960;

  • Construction Fund means an account specifically identified in the Indenture to hold funds which are currently available for expenditure to acquire or construct public facilities eligible under the Act.

  • Contract Funds means the funds that have been appropriated, designated, encumbered, or otherwise made available for payment by the State under this Contract.

  • Acquisition Fund means any company formed with the intent to offer securities to the public and use the proceeds to consummate one or more Business Combinations which are unspecified at the time of the securities offering.

  • Escrow Property means the Escrow Funds and the Certificates delivered to the Escrow Agent as contemplated by Section 1(c) hereof.

  • Client Funds means money deposited by the Client in his/her Trading Account, plus or minus any unrealized or realized profit or loss, plus or minus any amount that is due by the Client to the Company and vice versa.

  • Escrowed Funds Has the meaning, with respect to any Trust, specified in Section 2.02(b).

  • Administration Fund means the Administration Fund established by the Fiscal Agent pursuant to Section 4.01 hereof.

  • Project Funds means all moneys disbursed to the Recipient by the State Water Board for eligible Project Costs pursuant to this Agreement.

  • Escrow Funds means the Advance funds deposited with the Escrow Agent pursuant to this Agreement.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Escrow Accounts means (1) accounts of Parent or any Subsidiary, solely to the extent any such accounts hold funds set aside by Parent or any Subsidiary to manage the collection and payment of amounts collected, withheld or incurred by Parent or such Subsidiary for the benefit of third parties relating to: (a) federal income tax withholding and backup withholding tax, employment taxes, transportation excise taxes and security related charges, (b) any and all state and local income tax withholding, employment taxes and related charges and fees and similar taxes, charges and fees, including, but not limited to, state and local payroll withholding taxes, unemployment and supplemental unemployment taxes, disability taxes, xxxxxxx’x or workers’ compensation charges and related charges and fees, (c) state and local taxes imposed on overall gross receipts, sales and use taxes, fuel excise taxes and hotel occupancy taxes, (d) passenger facility fees and charges collected on behalf of and owed to various administrators, institutions, authorities, agencies and entities, (e) other similar federal, state or local taxes, charges and fees (including without limitation any amount required to be withheld or collected under applicable law) and (f) other funds held in trust for, or otherwise pledged to or segregated for the benefit of, an identified beneficiary; or (2) accounts, capitalized interest accounts, debt service reserve accounts, escrow accounts and other similar accounts of Parent or any Subsidiary or funds established in connection with the ARB Indebtedness.

  • Unspent Funds means the amount reported as unspent by the Recipient as of December 31, 2023 in the Recipient’s 2023 Annual Report (as defined under the Prior Agreement).

  • Retention Money means the accumulated retention moneys which the Procuring Entity retains under Sub-Clause

  • Grant Funds means any and all funds allocated or disbursed to Grantee under this Agreement.

  • the Skipton Fund means the ex-gratia payment scheme administered by the Skipton Fund Limited, incorporated on 25th March 2004, for the benefit of certain persons suffering from hepatitis C and other persons eligible for payment in accordance with the scheme’s provisions;

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Retention Date shall have the meaning set forth in Section 9.01 of this Agreement.

  • Superannuation Fund means the Local Government Superannuation Scheme.

  • Buydown Funds Any amount contributed by the seller of a Mortgaged Property, the Company or other source in order to enable the Mortgagor to reduce the payments required to be made from the Mortgagor's funds in the early years of a Mortgage Loan. Buydown Funds are not part of the Trust Fund prior to deposit into the Custodial or Certificate Account.

  • Escrowed Proceeds means the proceeds from the offering of any debt securities or other Indebtedness paid into an escrow account with an independent escrow agent on the date of the applicable offering or Incurrence pursuant to escrow arrangements that permit the release of amounts on deposit in such escrow account upon satisfaction of certain conditions or the occurrence of certain events. The term “Escrowed Proceeds” shall include any interest earned on the amounts held in escrow.

  • Revenue Account means the Revenue Account established pursuant to the General Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.