Retained Funds set forth in the Lease is hereby deleted in its entirety and the following inserted in its place:

Retained Funds means, with respect to each Property, an amount equal to ten percent (10%) of the Allocable Purchase Price of such Property.

Retained Funds means a cash amount equal to Twenty-Five Million Five Hundred Seventy-Five Thousand Two Hundred Dollars ($25,575,200).

Examples of Retained Funds in a sentence

Section 901.4.1 Retained Funds of the General Provisions of these specifications is hereby revised, decreasing the amount of retained funds from ten percent (10%) to five percent (5%).
Subject to Section 413 hereof, but notwithstanding any other provision herein, any sums transferred from the Construction Fund as Retained Funds shall be credited and be applied by the Issuer in accordance with the applicable requirements of the Agreement.
The Retained Funds shall not be mortgaged, assigned, transferred or otherwise encumbered by Tenant or any of its Affiliated Persons without the prior written consent of Landlord and any such act on the part of Tenant or any of its Affiliated Persons without first having obtained Landlord's consent shall be without force and effect and shall not be binding upon Landlord.
Landlord shall have no obligation to pay interest on the Retained Funds and shall have the right to commingle the same with Landlord's other funds.
It is understood and agreed that the Retained Funds are not to be considered as prepaid rent, nor shall damages be limited to the amount of the Retained Funds.

More Definitions of Retained Funds

Retained Funds shall have the meaning given such term in the Purchase Agreement.

Retained Funds means a cash amount equal to Forty-Six Million Eighty-Five Thousand Seven Hundred Fifty Dollars ($46,085,750).

Retained Funds upon the expiration of the Texas Lease pursuant to the terms thereof shall be guaranteed by ShoLodge pursuant to an instrument in form and substance reasonably satisfactory to Prime and ShoLodge, but such undertaking by ShoLodge shall terminate upon the transfer of the Texas Property to HPT or an Affiliate of HPT or to another Person whose net worth on the date of such transfer is equal to or greater than ten (10) times the unapplied balance of the "Retained Funds" held pursuant to the Texas Lease, provided that such transferee has assumed the obligation of Southeast to deliver the "Retained Funds" upon the expiration of the Texas Lease by written documents in form and substance reasonably acceptable to Prime.

Retained Funds means a cash amount equal to Fourteen Million Dollars ($14,000,000).

Retained Funds means a cash amount equal to Thirty Million Eighty-Five Thousand Seven Hundred Fifty Dollars ($30,085,750).

Retained Funds has the meaning set forth in Section 4.24.

Retained Funds means the sum of Five Hundred Ninety Eight Thousand Five Hundred and No/100 Dollars ($598,500.00)."