Remaining Sum definition
Examples of Remaining Sum in a sentence
Upon the expiration of the Term, any portion of the Remaining Sum which has not been so applied shall be retained by Landlord.
Landlord agrees that if the terms of a Note or Mortgage permit partial prepayment of the principal balance of the Loan without premium or penalty and, in such event, require the Lender to thereupon reamortize the Loan, Landlord shall pay any Remaining Sum to Lender as a partial prepayment of the Loan and clause (ii) of this Paragraph 19(c) shall apply.
Once the Arrearages have been satisfied, there shall remain the sum of $72,027.08 ("Remaining Sum").
If no such refund is required or any sum remains in the restoration fund after such refund, such sum remaining in the restoration fund upon completion of restoration and any refund to Tenant (the "Remaining Sum") shall be retained by Landlord, unless such sum is required to be paid by Landlord to Lender, in which event it shall be paid by Landlord to Lender in accordance with the provisions of the Note and Mortgage.
Landlord shall utilize the Remaining Sum to pay Rent due under the Lease.
Once the Remaining Sum has been utilized, then the Tenant shall continue to pay the Rent due under the Lease.
Each installment of Basic Rent payable on or after the Retention Date shall be reduced by a fraction, the denominator of which shall be the total amount of all Basic Rent due from such date to and including the last Basic Rent Payment Date for the then existing Term and the numerator of which shall be the Remaining Sum.
The Vendor's Solicitors are hereby authorised by the parties hereto to release to the relevant parties the Remaining Sum as stipulated in Clause 4 hereof after seven (7) days from the date of presentation of the Memoranda of Transfer and the original issue document of title to the said Properties and other relevant documents for registration at the relevant land office/registry.
If any sum remains in the Restoration Fund after completion of the restoration and any refund to Tenant pursuant to Paragraph 19(b), such sum (the "Remaining Sum)" shall be retained by Landlord or, if required by a Note or Mortgage, paid by Landlord to a Lender.
Upon the expiration of the Term, any portion of the Remaining Sum which has not been so applied shall be paid to Tenant.