Deficit Payment definition
Examples of Deficit Payment in a sentence
Harrow shall reimburse Barnet for the cost of the Barnet Pension Deficit Payment through a lump sum payment of such amount as determined by the actuary to the Barnet LGPS by electronic transfer within (7) days of Harrow receiving written notification that such payment shall be made, which shall be deemed to cover the full Barnet Pension Deficit Payment.
Any pension deficit arising after the Commencement Date which is payable to the Barnet LGPS by Barnet in connection with the transfer of the Transferring Employees shall be paid by Barnet to the LGPS in periodic instalments ("Barnet Pension Deficit Payment").
To the extent Servicer is not reimbursed pursuant to Section 2.05(v), Owner shall pay the Servicer on the Deficit Payment Date the Cost of Funds (if any) incurred by the Servicer in connection with any HELOC Draw Advances accrued in the prior month for such Remittance Date.
All Operating Deficit Payments made to the Company shall be non-reimbursable payments, except to the extent that, subsequent to the making of any such Operating Deficit Payment by ▇▇▇▇, there is sufficient Net Operating Income prior to the earliest of the Final Closing Date, the Outside Date or the date of the Removal of ▇▇▇▇ by WPHC to reimburse ▇▇▇▇ for the same.
If the Construction Consultant determines that a draw request is not justified on a percentage of completion basis and the draw would result in construction funding being out of balance by an amount in excess of $250,000, WPHC shall have the right to disapprove such draw request in its sole discretion unless ▇▇▇▇ modifies such draw request to correspond to percentage of completion and/or makes a Development Deficit Payment such that the Construction Loan shall not be out of balance by more than $250,000.
If the Construction Consultant determines that a draw request is not justified on a percentage of completion basis and the draw would result in construction funding being out of balance by an amount in excess of $250,000, WPHC shall have the right to disapprove such draw request in its sole discretion unless Feld modifies such draw reques▇ ▇o correspond to percentage of completion and/or makes a Development Deficit Payment such that the Construction Loan shall not be out of balance by more than $250,000.
Within five (5) business days following the receipt of such notice by ARV, ARV shall pay to the Owner, in cash, the amount of such Excess Operating Losses (each such payment an "Excess Operating Deficit Payment"), less the amount of all Excess Operating Deficit Payments previously made by ARV to such Owner.
All Operating Defici▇ ▇▇yments made to the Company shall be non-reimbursable payments, except to the extent that, subsequent to the making of any such Operating Deficit Payment by Feld, there is sufficient Net Operating Income prior to the earlies▇ ▇▇ the Final Closing Date, the Outside Date or the date of the Removal of Feld by WPHC to reimburse Feld for the same.
If the Construction Consultant determines that a draw request is not justified on a percentage of completion basis and the draw would result in construction funding being out of balance by an amount in excess of $250,000, WPHC shall have the right to disapprove such draw request in its sole discretion unless Feld modifies such draw request to correspond ▇▇ percentage of completion and/or makes a Development Deficit Payment such that the Construction Loan shall not be out of balance by more than $250,000.
If Buyer delivers a Margin Deficit Notice to Seller on or prior to 5 p.m. (New York City time) on any Business Day, then Seller shall transfer Additional Purchased Assets or remit the Margin Deficit Payment to Buyer no later than 5 p.m. (New York City time) the following Business Day.