Remittance Amount definition

Remittance Amount means the funds denominated in Singapore Dollars or United Stated Dollars which is to be debited from the Customer's Account(s) and converted into the specified Foreign Amount.

Remittance Amount shall have the meaning provided in Section 2.05(d) hereof.

Remittance Amount. With respect to any Remittance Date and related Distribution Date, the sum of the following amounts:

Examples of Remittance Amount in a sentence

• The Remittance Amount shall be converted into the equivalent Foreign Amount at such exchange rate as determined by the Bank from time to time.

• Without prejudice to the Call & Remit Terms herein, in the event that the Foreign Amount is not received by the Beneficiary, whatever the reason, any liability of the Bank will be conditional upon its receipt of confirmation from its branch, correspondent, agent or sub-agent, intermediary banks or other financial institutions of the failed remittance abroad and shall be limited to refunding the Remittance Amount.

• The Bank shall not be obliged to carry out any Remittance Request unless and until the Customer's Account(s) has sufficient funds to pay the relevant amount of the Remittance Amount together with the Rates and Charges, and any other fee or charge imposed by the Bank in connection with the Remittance Transaction.

• The Customer irrevocably and unconditionally authorizes the Bank to withdraw the Remittance Amount together with the applicable Rates and Charges, from the Customer's Account(s) on the date of the Remittance Transaction on which the relevant Remittance Request is processed by the Bank or such other day as the Bank may determine in accordance with its usual standard procedures.

• The Customer agrees that the Bank shall be entitled to earmark the Remittance Amount in respect of all Remittance Requests proposed to be effected on or in respect of the Account for the purpose of crediting the Beneficiary's Bank Account within such period as may be provided by the Bank from time to time and such period may vary depending on the destination of the remittance.

More Definitions of Remittance Amount

Remittance Amount means the amount that Seller shall deliver to Buyer at the end of each Remittance Period as part of the Purchased Amount. The initial Remittance Amount is the amount first described above. The parties agree that the initial Remittance Amount is a good faith approximation of the Specified Percentage of Seller’s Future Receipts during the first Remittance Period, based upon the information provided by Seller to Buyer concerning Seller’s most recent accounts receivables, including representations by the Seller to Buyer regarding the Seller’s estimated Future Receipts. The Remittance Amount is subject to Seller’s right of adjustment/reconciliation set forth in this Agreement.

Remittance Amount. The sum of the Interest Remittance Amount and the Principal Remittance Amount.

Remittance Amount. For each Distribution Date that the Servicer is required to make a distribution to a Companion Loan Holder pursuant to Section 3.4(e), the amounts received by the Servicer (or, with respect to a serviced Foreclosed Property, the Special Servicer) during the related Collection Period pursuant to the Co-Lender Agreement and available for payment to the Companion Loan Holders pursuant to the Co-Lender Agreement.

Remittance Amount means NET PROCEEDS multiplied by one minus the Discount ((1 – 0.30) or 0.70);

Remittance Amount. With respect to any Remittance Date, an amount equal to, subject to Section 1.02, (i) the Principal Remittance Amount (if any) for such Remittance Date, plus (ii) the Accrued Interest for such Remittance Date, minus (iii) any amounts payable to the Company pursuant to Section 3.07 that are not taken into account in the adjustment of Accrued Interest pursuant to Section 1.02.

Remittance Amount means the Specified Percentage, the Future Receipts and the Periodic Receipts of each Seller individually; and

Remittance Amount. As to any Distribution Date, the sum of the Interest Distribution Amount for the Class A Certificates and the Class A Principal Distribution Amount for the Class A Certificates for such Distribution Date.