Correction Amount definition

Correction Amount shall have the meaning set forth in Section 2.5.

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Correction Amount. ’ means an amount equal to the excess credit amount di- vided by .20.

Correction Amount has the meaning set forth in Section 2.5(c).

Examples of Correction Amount in a sentence

In respect of each Relevant Year t, the Train Operator shall pay the amount of any sum S1tω and/or S2tω and/or any Charge Correction Amount payable, as provided in paragraph 18 of the Traction Electricity Rules.
You will be responsible for any Daily Cash Adjustment or Daily Cash Correction Amount that is associated with any Participant’s use of the Account and that is charged to your Account.
In addition, if we mistakenly provide you with Daily Cash in an amount greater than you were entitled to, you agree that we can, at our discretion, recover from your Apple Cash account the excess amount that we transferred (a “Daily Cash Correction Amount”), withhold future Daily Cash from accruing on your Account until you have earned the Daily Cash Correction Amount, or seek a return of the Daily Cash Correction Amount from you.
If you have a Daily Cash Correction Amount at the time your Account is closed, you will remain obligated to pay such amount.
If you have a Daily Cash Correction Amount at the time your Account is closed, you will remain obligated to pay that amount.
We can withhold future Daily Cash from accruing, or delay transfers to your Daily Cash Election until you have satisfied the Daily Cash Correction Amount, or seek a return of the Daily Cash Correction Amount from you.
Payment of the Correction Amount will be accompanied by a payment of interest on such Correction Amount for the period from and including the Closing Date to but excluding the date of payment of such Correction Amount at the Federal Funds Rate in effect on the Closing Date.
In respect of each Relevant Year t, the Train Operator shall pay the amount of any sum S1tω and/or S2tω and/or any Charge Correction Amount payable as provided in paragraph 18 of the Traction Electricity Rules.
Payment of the Correction Amount will be accompanied by a payment of interest on such Correction Amount for the period from and including the Closing Date but excluding the date of payment of such Correction Amount at a rate per annum equal to the Federal Funds Rate on the Closing Date.
Any such Correction Amount shall be treated as an adjustment to the Purchase Price.

More Definitions of Correction Amount

Correction Amount. Defined in Subsection 2.2(a)(i) of this Agreement.

Correction Amount shall have the meaning set forth in Section 3.5(d).

Correction Amount shall have the meaning set forth in Section 3.5(d). “Court Order” shall mean any judgment, decision, decree, consent decree,writ injunction, ruling or order of any Governmental Entity that is binding on any Person or its property under applicable Laws. “Covered Period” shall have the meaning set forth in Section 7.4. “Customers” shall mean, individually and collectively, the Persons named as the owners of the deposit accounts relating to the Deposits. “Damages” shall mean any and all damages, judgments, awards, liabilities, losses, obligations, claims of any kind or nature, fines and costs and expenses (including reasonable attorneys’ fees and expenses). 3 “Defending Party” shall have the meaning set forth in Section 10.5(a). “Deposits” shall mean the Brokered CD Deposits and the Core Deposits, in each case, excluding the Excluded Deposits and the Excluded ▇▇▇ Deposits. “Eligible Insurance Proceeds” shall have the meaning set forth in Section 10.3(d). “Encumbrance” shall mean any lien, mortgage, deed of trust, right-of-way, right of setoff, assessment, security interest, pledge, lease, attachment, adverse claim, levy, charge, easement, restriction, license, encumbrance or other similar restriction or any conditional sale Contract, title retention Contract or other Contract giving rise to any of the foregoing. “Escheat Deposits” shall mean Deposits and associated checks which become subject to escheat, prior to the Closing Date, to any Governmental Entity pursuant to applicable unclaimed property laws. “Estimated Payment Amount” shall have the meaning set forth in Section 3.1(b). “Estimated Purchase Price” shall mean the Purchase Price as of the close of business on the date that is eight Business Days prior to the Closing Date. “Estimated Settlement Amount” shall mean, as of the close of business on the date that is eight Business Days prior to the Closing Date, the aggregate amount equal to: (a) the aggregate principal balance of, plus Accrued Interest on, the Deposits; minus

Correction Amount has the meaning specified in Section 11.6(a).