Delta Amount definition
Examples of Delta Amount in a sentence
If the Purchase Option is exercised and the Closing occurs pursuant to Section 37 below, Landlord shall pay a commission to Business Real Estate Brokerage Company equal to One Hundred Forty-One Thousand Seven Hundred Fifty and 00/100 Dollars ($141,750.00) (i.e., 3.5% of $4,050,000.00), less (a) the amount previously paid to Business Real Estate Brokerage Company as provided above in this Section 1.9 and (b) The Amortization Delta Amount (as defined in Section 37(b) below).
The dollar amount representing the difference between (A) the unamortized portion of the $215,357.00 amount amortized over a five (5) year period and (B) the unamortized portion of the $215,357.00 amount amortized over a seven (7) year period, each with interest at a rate of seven percent (7%), shall be deemed the "Amortization Delta Amount" and shall be deducted from the brokerage commission payable pursuant to Section 1.9 above at the Closing.
The principal of this Note represents that portion of the Make-Whole Amount due in respect of the Senior Secured Note due 2008 (such Senior Note, the "Underlying Note") which has been calculated as the Make-Whole Delta Amount under the Intercreditor Agreement and shall include all interest paid in kind as set forth above.