Examples of Remainder Amount in a sentence
More specifically, HUD uses the following formula plus or minus 5% to calculate the allowable capital interest on C.12: (Estimated Initial Draw Amount times the construction period rate of interest times the number of months in the construction period divided by12) + (½ the Remainder Amount times the construction period rate of interest times the number of months in the construction period divided by 12).
Notwithstanding anything to the contrary herein, if the government reimbursement claims equal or exceed the IBA Remainder Amount, the IBA Remainder Amount in its entirety shall be deemed surplus Trust property and shall be retained by the Trust.
Notwithstanding anything herein to the contrary, the vesting of the Remainder Amount shall be accelerated such that the Remainder Amount shall be fully vested and exercisable effective upon the earlier of (i) termination of the Agreement by the Company in accordance with Section 6.2 (Termination for Convenience) of the Agreement, (ii) immediately prior to a Merger and Acquisition or a Liquidation Event, and (iii) immediately prior to consummation of a New IPO.
Since there is no Surplus Account Balance, the provisions of Paragraphs 5 through 9 of this Attachment 10 will not be applied, and there will be no Contractor’s Retention Amount and no Department’s Remainder Amount.
Calculation of the current present value of the Remainder Amount shall be based on the assumption that the Remainder Amount would be paid in equal annual installments ending on the sixth anniversary of Closing and an assumed interest rate of 8% per annum.