Deposit Adjustment definition

Deposit Adjustment for any annual period means the excess or deficiency, as the case may be, determined by subtracting (A) the sum of (x) the Aviation Policy Initial Deposit and (y) all Deposit Adjustments made for prior annual periods from (B) one hundred fifty percent (150%) of the annual premium for the Aviation Policy for the current annual period. Motorola will use the amount paid by NewCo under this Section 1.D to pay the annual premiums for the Aviation Policy during the Aviation Policy Period. Upon the completion of Re-orbit and De-orbit of all Iridium System satellites and related devices (including, but not limited to, non-functional satellites and mass frequency simulators): (a) Motorola will refund to NewCo the amount, if any, by which the sum of (i) the Aviation Policy Initial Deposit and (ii) all Deposit Adjustments made for prior annual periods exceeds the annual premium for the current annual period, if any, or (b) NewCo will pay to Motorola the amount, if any, by which the annual premium for the current annual period, if any, exceeds the sum of (i) the Aviation Policy Initial Deposit and (ii) all Deposit Adjustments made for prior annual periods. Notwithstanding the foregoing, NewCo shall not adopt any plan of liquidation, dissolution or winding up of its business in any manner prior to the tenth anniversary of the Effective Date unless as part of such plan NewCo transfers to Motorola an amount equal to the premium necessary to maintain the Aviation Policy for the period from the date of the liquidation, dissolution or winding up to the tenth anniversary of the Effective Date.
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Deposit Adjustment for any annual period means the excess or deficiency, as the case may be, determined by subtracting (A) the sum of (x) the Aviation Policy Initial Deposit and (y) all Deposit Adjustments made for prior annual periods from (B) one hundred fifty percent (150%) of the annual premium for the Aviation Policy for the current annual period. Motorola will use the amount paid by Iridium Satellite under this Section 1.D to pay the annual premiums for the Aviation Policy during the Aviation Policy Period. Upon the completion of Re-orbit and De-orbit of all Iridium System satellites and related devices (including, but not limited to, non-functional satellites and mass frequency simulators):
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Deposit Adjustment shall have the meaning specified in Section 2.4.
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Examples of Deposit Adjustment in a sentence

  • The Security Deposit Adjustment Amount shall be the amount, if any, by which the amount of monthly Basic Rent specified above exceeds the amount of the Security Deposit specified above ($279.80), and an amount equal to such difference shall be paid by Lessee to the Beneficiaries on the Delivery Date for application to the Security Deposit.

  • Batch 736 Check 18377 6,942.19 (6,942.19) 3/30/98 SDA Security Deposit Adjustment 6,942.19 0.00 4/01/98 RNT Monthly Rent 6,738.61 6,738.61 4/07/98 KEY Locks and Keys 125.78 6,864.39 4/08/98 SEC Access Card 10.00 6,874.39 4/13/98 SDA Pymt.

  • Concurrently with the execution of the Three-Party Agreement, Certicom shall deliver to Northwest’s solicitors, M▇▇▇▇▇ & K▇▇▇ LLP, certified funds, payable to M▇▇▇▇▇ & K▇▇▇ LLP in trust, in the amount of the Assumption Fee, reduced by the Reduction Amount and adjusted by the Lease Deposit Adjustment if applicable (collectively the “Certicom Deposit”).

  • Batch 435 Check 17769 (6,738.61) (6,738.61) 2/05/98 SDA Security Deposit Adjustment 6,738.61 0.00 3/01/98 RNT Monthly Rent 6,738.61 6,738.61 3/20/98 RNT Billing Adjustment 6,7381.61) 0.00 3/30/98 OCR Rea.

  • Tenant shall deposit the new Monthly Security Deposit Payment in the SunTrust Restricted Account from the applicable Monthly Security Deposit Adjustment Date for twelve months until the next Monthly Security Deposit Payment Adjustment Date in advance on the first of each month without setoff, deduction or demand.

  • Within 20 Business Days after the ------------------------ termination (by payment or expiration) of all indemnity obligations with respect to a particular Disposition, the Company shall deliver to the Trustee (i) an Officer's Certificate identifying the amount of any Final Excess Disposition Proceeds Deposit Adjustment with respect to such Disposition (if applicable), and (ii) an Accountants' Certificate.

  • Upon any termination under Section 10.1(a), (b) or Section 10.2(a), Shareholders shall cause the Escrow Agent to promptly refund to Buyer the Deposit and the Deposit Adjustment, with accrued interest, if any.

  • Lessor hereby acknowledges Beneficiaries' receipt from Lessee of the Security Deposit subject to the Security Deposit Adjustment.

  • Check Deposit Adjustment - any adjustment to a Customer deposit that does not balance with the total deposit amount as indicated on the Deposit Slip contained with the Customer’s deposit.

  • Buyer and Sellers acknowledge and agree that any Deposit Adjustment Amount or Non-ILEC Cure Adjustment provided to occur in the Asset Purchase Agreement as of the Early Funding Date shall occur on the Closing Date, and that Buyer shall deliver to Sellers by wire transfer of immediately available funds any amounts required for such adjustments on the Closing Date.