Examples of Refundable Amount in a sentence
Notwithstanding the foregoing, the Access Seeker shall charge interest on the Refundable Amount which shall be at the rate specified in Clause 11(c)(iv) from the date of payment of the disputed amount by the Access Seeker to the date of the issuance of the credit note by the Access Provider.
In case, Applicant fails to deposit such amounts demanded within the period mentioned in the demand letter, the Developer shall have the right to cancel the allotment of the Said Apartment and forfeit the Earnest Money and Non Refundable Amount and refund the balance amount, if any, to the Applicant, without any interest provided that the Applicant is not in breach of any terms of this application / Agreement.
If the Applicant(s) fails to execute and deliver the Flat Buyer’s Agreement to the Company within aforesaid stipulated period, then the allotment of the Applicant(s) shall be treated as cancelled and the Earnest Money and Non Refundable Amount (as defined hereinafter) paid by the Applicant (s) shall stand forfeited.
If the Applicant(s) fails to execute and deliver to the Company the Floor Buyer’s Agreement within the aforesaid stipulated period, then the allotment of the Applicant(s) may be treated as cancelled at sole and absolute discretion of the Company and the Earnest Money along with Non Refundable Amount (as defined hereinafter) paid by the Applicant(s) shall stand forfeited.
Such Refundable Amount shall be divided by the number of hundred cubic feet of gas that Company estimates it will sell to its customers during the twelve-month period which commences with implementation of the next Gas Supply Clause filing, thus determining a “Refund Factor.”2.
Next Gen will, within a reasonable period following the receipt of your Refund Request, consider your request and, at its discretion, determine the Member Cash amount to be refunded to you ( Refundable Amount).
If Next Gen approves your Refund Request under clause 3.32(a), it will pay you the Refundable Amount by way of cheque or by way of electronic funds transfer to your nominated bank account.
Any Refundable Amount paid to Cummins or any member of the Cummins Group shall be an Asset of Cummins except that if the original cost to which such Refundable Amount relates was initially charged to the Filtration Business, then such Refundable Amount shall be shared with Filtration in the same proportion as the cost was initially charged to the Filtration Business.
The Annual Refundable Amount shall be automatically reinvested by SWIFT to accelerate or further expand the development of the SWIFT Network unless the Municipal Member provides notice to SWIFT at least 6 months prior to the end of the relevant fiscal year that it wishes the Annual Refundable Amount for such fiscal year to be paid by SWIFT to the Municipal Member.
In case, Applicant fails to deposit such amounts demanded within the period mentioned in the demand letter, the Developer shall have the right to cancel the allotment of the said Residential Floor and forfeit the Earnest Money and Non Refundable Amount and refund the balance amount, if any, to the Applicant, without any interest, upon realization of money from resale / re-allotment to any other party, provided that the Applicant is not in breach of any terms of this application / Agreement.