Examples of True-Up Amount in a sentence
If the True-Up Amount is positive, then the Insured shall pay to the Insurer an amount equal to such True-Up Amount within ten (10) Business Days following the delivery by the Insured of notice of the True-Up Amount.
The Company and Holder agree to adjust the foregoing formula, in good-faith, in the event that the formula does not represent the intent of the Cash Interest True-Up Amount.
If the Program Vehicle Depreciation Assumption True-Up Amount with respect to any Lease Vehicle is a positive number as of the first day following the end of the Estimation Period for such Lease Vehicle, then the Lessee of such Lease Vehicle shall pay the Lessor such Program Vehicle Depreciation Assumption True-Up Amount with respect to such Lease Vehicle in accordance with Sub-Clause 4.7.1 (Payments).
As at the Latest Practicable Date, the Company did not have any options, warrants or convertible securities in issue.
If the Terminal Settlement Amount (or the absolute value thereof, as applicable) becomes payable pursuant to Article VII(C)(11), then the Insured shall calculate the True-Up Amount in accordance with Schedule 2 and provide notice of the True-Up Amount to the Insurer within ten (10) Business Days following the Maturity Date.