Retention Amount definition

Retention Amount means, in relation to any Retention Date, such sum as shall be the aggregate of:

Retention Amount shall have the meaning set forth in Section 3.04(b)(vii) hereof.

Retention Amount means, in relation to any Retention Date and each Tranche, such sum as shall be the aggregate of:

Examples of Retention Amount in a sentence

• Each Certificate of Payment shall be for an amount which in the opinion of WAPCOS Limited, is the basis of the Request for Payment and pursuant to the Contract, is properly due to the Contractor (the “Gross Certifiable Amount”) less (i) the cumulative amounts of payments previously certified as due to the Contractor, (ii) any deduction on account of recovery of Advance Payment, and (iii) Retention Amount.

• The Client shall hold the Retention Amount on behalf of the Contractor but without any obligation to invest.

• IOM may require direct reimbursement for the cost of such action from the Contractor, deduct the expenses from any amount due to the Contractor, or deduct the amount from Performance Bond, the Bank Guarantee or the Retention Amount.

• Agency will pay the then-accrued Retention Amount to Contractor within thirty (30) Calendar Days following Final Acceptance.

• Payment of the Retention Amount will be made upon replacement and/or remedy of the said Services as identified by the Client or resolution of outstanding queries.

More Definitions of Retention Amount

Retention Amount means that part of the payment of the Contract Sum to be retained by WAPCOS Limited in accordance with Clause 5.1.8 [Guarantees].

Retention Amount shall have the meaning set forth in Section 6.4(b)(iv) hereof.

Retention Amount is defined in Section 6.3.

Retention Amount means, as to each contractor, subcontractor or materialman engaged in Restoration, an amount equal to ten percent (10%) of the costs actually incurred for work in place as part of Restoration, as certified by the Casualty Consultant, until Restoration has been completed. The Retention Amount shall in no event, and notwithstanding anything to the contrary set forth above in this Section 6.4(b), be less than the amount actually held back by Borrower from contractors, subcontractors and materialmen engaged in Restoration. The Retention Amount shall not be released until the Casualty Consultant certifies to Lender that Restoration has been completed in accordance with the provisions of this Section 6.4(b) and that all approvals necessary for the re-occupancy and use of the Property have been obtained from all appropriate Governmental Authorities, and Lender receives evidence satisfactory to Lender that the costs of Restoration have been paid in full or will be paid in full out of the Retention Amount; provided, however, that Lender will release the portion of the Retention Amount being held with respect to any contractor, subcontractor or materialman engaged in Restoration as of the date upon which the Casualty Consultant certifies to Lender that the contractor, subcontractor or materialman has satisfactorily completed all work and has supplied all materials in accordance with the provisions of the contractor’s, subcontractor’s or materialman’s contract, the contractor, subcontractor or materialman delivers the lien waivers and evidence of payment in full of all sums due to the contractor, subcontractor or materialman as may be reasonably requested by Lender or by the Title Company issuing the Title Insurance Policy, and Lender receives an endorsement to the Title Insurance Policy insuring the continued priority of the lien of the related Security Instrument and evidence of payment of any premium payable for such endorsement. If required by Lender, the release of any such portion of the Retention Amount shall be approved by the surety company, if any, which has issued a payment or performance bond with respect to the contractor, subcontractor or materialman.

Retention Amount means (i) an amount equal to Euro 50,000 on the Issue Date and (ii) an amount equal to Euro 50,000 on each Payment Date.

Retention Amount means on the Scheduled Maturity Date, Early Redemption Date or Optional Redemption Date, in respect of any Note, an amount equal to the maximum aggregate amount (assuming a Weighted Average Final Price of zero) by which the outstanding Principal Amount of such Note could be reduced following such date in accordance with Additional Condition 2.1 (Reduction of Outstanding Principal Amount) pursuant to any Credit Event in respect of which the Cash Settlement Date has not yet occurred, or any Potential Seller Cash Settlement Events which are continuing, as at such date, as determined by the Calculation Agent.

Retention Amount means Euro 50,000.