Retained Funds set forth in the Lease is hereby deleted in its entirety and the following inserted in its place:

Retained Funds means, with respect to each Property, an amount equal to ten percent (10%) of the Allocable Purchase Price of such Property.

Retained Funds means a cash amount equal to Twenty-Five Million Five Hundred Seventy-Five Thousand Two Hundred Dollars ($25,575,200).

Examples of Retained Funds in a sentence

Section 901.4.1 Retained Funds of the General Provisions of these specifications is hereby revised, decreasing the amount of retained funds from ten percent (10%) to five percent (5%).
Subject to Section 413 hereof, but notwithstanding any other provision herein, any sums transferred from the Construction Fund as Retained Funds shall be credited and be applied by the Issuer in accordance with the applicable requirements of the Agreement.
Pursuant to the Motion, the Debtors have requested the use of cash collateral (as that term is defined in section 363(a) of the Bankruptcy Code) (“Cash Collateral”) excluding the Retained Funds (as defined and provided for below), andthe Court is prepared to authorize such use of such Cash Collateral upon the admissions, agreements, terms and conditions in this Order, and certain findings of fact and conclusions of law in support of this Order.
Retained Funds: These have been established in order to finance recurring irregular expenditure for a specific purpose.
Any prepayment by the Tenant of Basic Rent as provided in Section 7.02 of the Agreement shall be deposited in a separate subaccount of the Common Reserve Account for Retained Funds and credited and applied as provided in such Section 7.02 of the Agreement.Section 408.

More Definitions of Retained Funds

Retained Funds shall have the meaning given such term in the Purchase Agreement.

Retained Funds means a cash amount equal to Forty-Six Million Eighty-Five Thousand Seven Hundred Fifty Dollars ($46,085,750).

Retained Funds upon the expiration of the Texas Lease pursuant to the terms thereof shall be guaranteed by ShoLodge pursuant to an instrument in form and substance reasonably satisfactory to Prime and ShoLodge, but such undertaking by ShoLodge shall terminate upon the transfer of the Texas Property to HPT or an Affiliate of HPT or to another Person whose financial condition is equivalent to or better than that of HPT on the date of such transfer, provided that such transferee has assumed the obligation of Southeast to deliver the "Retained Funds" upon the expiration of the Texas Lease.

Retained Funds means a cash amount equal to Fourteen Million Dollars ($14,000,000).

Retained Funds means a cash amount equal to Thirteen Million Four Hundred Forty Two Thousand Five Hundred Dollars ($13,442,500).

Retained Funds has the meaning set forth in Section 4.24.

Retained Funds means the sum of Eight Hundred Nineteen Thousand and No/100 Dollars ($819,000.00)."