Surplus Payment definition

Surplus Payment means a payment of Surplus by the Company pursuant to clause [36] of the Agreement
View Source
Surplus Payment means the payment of a Surplus or Surpluses by Project Co to the Authority pursuant to Clause 36 (Payment of Surpluses and Compliance with NPD Requirements);
View Source
Surplus Payment means the amount by which the Approved
View Source

Examples of Surplus Payment in a sentence

  • The parties further agree that if Audited Working Capital exceeds the Benchmark Amount, Buyer shall pay to Seller on the Post-Closing Date an amount (hereinafter referred to as the "Surplus Payment") equal to the amount by which the Audited Working Capital exceeds the Benchmark Amount; provided, however, that notwithstanding the amount by which Audited Working Capital exceeds the Benchmark Amount, the Surplus Payment shall not exceed Two Hundred Fifty Thousand Dollars ($250,000).

  • The notice of objection must contain a statement of the basis of each of the objections and each amount in dispute as well as the changes to the Closing Working Capital, the Closing Cash, the Closing Indebtedness, the Surplus Payment and/or the outstanding balance of the Shareholder Loan (including principal and all accrued but unpaid interest) as of the Closing Date, as applicable, as set out in the Draft Purchase Price Statement that are proposed by the Vendor.

  • VPC shall be entitled to receive from the Partnership an amount equal to 55% of any surplus equal to the difference between the aggregate amount of the Partnership's trade payables owed as of the Closing Date (the "Payables") and the aggregate amount of any outstanding accounts receivable as of the Closing Date (the "Receivables") that have been paid through the date that is the one (1) year anniversary of the Closing Date (the "Surplus Payment").

  • For purposes of this Section, in the event there is a Surplus Payment, the Additional Obligation shall be deemed to be a part of the Surplus Payment.

  • The Surplus Payment, if any, shall be paid in cash by the Buyer to the Sellers within ten (10) days of the final determination of the Final Closing Statement.

  • The Surplus Payment, if any, shall be paid by Buyer to ChoicePoint within ten (10) days of the Final Determination Date.

  • All interest and other earnings received with respect to the Escrow Amount, the Final Net Working Capital Surplus (or if applicable the Maximum Surplus Payment), the Dissenting Shares Consideration, the Accounting Expense Amount and the Stockholder Escrow Amount (less any expense incurred as a result of such investments) shall be added to and shall increase the Escrow Fund.

  • The Surplus Payment, if any, shall be paid by Buyer to Seller within five (5) business days of the final determination of such amount pursuant to this §2(g).

  • Any payment to Seller pursuant to this §2(g)(vi) shall be made by wire transfer of immediately available funds as shall have been specified in writing to Buyer by Seller on or prior to the date as of which the Surplus Payment has been determined pursuant to Section §2(g)(v).

  • The Surplus Payment, if any, shall be paid by Buyer to the Sellers, by wire transfer of immediately available funds to an account or accounts designated by the Sellers, within ten (10) days of the Final Determination Date.


More Definitions of Surplus Payment

Surplus Payment. As defined in Section 6.6(b) hereof.
View Source
Surplus Payment means an amount equal to (a) the Pension Surplus as calculated as at the Closing Date and based on assumptions reflecting market conditions as at the last day of the month ending immediately prior to the Closing Date (provided that if the Closing Date is the last date of a calendar month, such assumptions will be as at the Closing Date), multiplied by (b) the Attributable Interest.
View Source
Surplus Payment has the meaning set forth in §2(g)(vi) below.
View Source

Related to Surplus Payment

  • Surplus Amount in respect of a particular Bid by an Anchor Investor, shall mean any amount paid in respect of such Bid that is in excess of the amount arrived at by multiplying the number of Equity Shares allocated in respect of such Bid with the Anchor Investor Offer Price, and shall include Bid Amounts below the Anchor Investor Offer Price, in respect of which no Equity Shares are to be Allotted, and in respect of refunds that are to be made after transfer of monies to the Public Offer Account, the Surplus Amount shall mean all Bid Amounts to be refunded after the transfer of monies to the Public Offer Account. For the sake of clarity, in case of an unsuccessful Bid by an Anchor Investor, the entire amount paid towards the Bid shall be considered to be the Surplus Amount;

  • Surplus Cash means, with respect to any period, any revenues of Borrower remaining after paying, or setting aside funds for paying, all the following:

  • Surplus Fund means the fund by that name established pursuant to the Second Resolution.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Surplus funds means, at any given date, the excess of cash and other recognized assets that are expected to be resolved into cash or its equivalent in the natural course of events and with a reasonable certainty, over the liabilities and necessary reserves at the same date.