Transferred Amounts definition
Examples of Transferred Amounts in a sentence
If the Transferred Amounts exceed the Pension Liabilities, Buyer agrees to indemnify Sellers for such excess amount (such excess amount hereinafter referred to as “Seller Pension Indemnification Amount”).
If the Transferred Amounts exceed the Pension Liabilities, Purchaser agrees to indemnify Seller for such excess amount (such excess amount hereinafter referred to as "Seller Pension Indemnification Amount").
The Plan Administrator shall establish an Account for each Participant to reflect Elective Deferrals, Bonus Deferrals, Matching Allocations, if any, and Transferred Amounts made for the Participant's benefit together with any adjustments for income, gain or loss and any payments from the Account.
Prior to the Effective Time, the Company shall declare a distribution of the Company's beneficial interest in all Transferred Amounts.
UNESCO acknowledges and agrees that any financial statements with respect to the use of the Transferred Amounts to UNESCO are the responsibility of UNESCO.
The Transferred Amounts to UNESCO will be administered in accordance with UNESCO’s financial regulations, rules, policies and procedures, which provide inter alia that 13% of direct project costs will be charged to cover UNESCO’s expenses for technical and administrative supervision.
It is understood that any such review or evaluation will not constitute a financial, compliance or other audit of the StAR Trust Fund or any Transferred Amounts.
UNESCO shall (i) maintain separate budget fund accounts in United States Dollars with respect to the Transferred Amounts to UNESCO, and (ii) provide the Donors with annual unaudited financial reports in United States Dollars with respect to the Transferred Amounts to UNESCO in accordance with UNESCO’s regulations, rules, policies and procedures, including certification by UNESCO’s Head of Accounting.