The Relevant Amount Sample Clauses

The 'Relevant Amount' clause defines the specific sum or value that is applicable in a given contractual context, often used to determine payments, liabilities, or thresholds. In practice, this clause sets out how the relevant amount is calculated or identified, such as referencing a particular invoice, a percentage of a contract price, or a fixed sum tied to a specific event. Its core function is to provide clarity and certainty regarding financial obligations, thereby reducing the risk of disputes over how much is owed or payable under the contract.
The Relevant Amount. (a) shall first be set off against any payment then due from the Seller in respect of any Claim for Tax; (b) to the extent there is an excess of the Relevant Amount after any application thereof under Paragraph 4.2(a), a refund shall be made to the Seller of any previous payment or payments made by the Seller under a Claim for Tax and not previously refunded under this Paragraph 4.2(b) up to the amount of such excess; and (c) to the extent that the excess referred to in Paragraph 4.2(b) is not exhausted under that Paragraph, the remainder of that excess shall be carried forward and set off against any future payment or payments which become due from the Seller under a Claim for Tax.
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The Relevant Amount. 7.2.1 shall first be set off against any payment then due from the Warrantors under a Holdings Tax Claim; 7.2.2 to the extent there is an excess of the Relevant Amount after any application of the same under paragraph 7.2.1, a refund shall be made to the Warrantors of any previous payment or payments made by the Vendors under a Holdings Tax Claim and not previously refunded under this paragraph 7.2.2 up to the amount of such excess; and 7.2.3 to the extent that the excess referred to in paragraph 7.2.2 is not exhausted under that paragraph, the remainder of that excess shall be carried forward and set off against any future payment or payments which become due from the Warrantors under a Holdings Tax Claim.
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The Relevant Amount. 7.2.1 shall first be set off against any payment then due from the Seller under a Tax Claim; 7.2.2 to the extent there is an excess of the Relevant Amount after any application of it under sub-paragraph 7.2.1, a refund shall be made to the Seller of any previous payment or payments made by the Seller under a Tax Claim and not previously refunded under this sub-paragraph, up to the amount of such excess; and 7.2.3 to the extent that the excess referred to in sub-paragraph 7.2.2 is not exhausted under that sub-paragraph, the remainder of that excess shall be carried forward and set off against any future payment or payments which become due from the Seller under a Tax Claim.
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The Relevant Amount. 9.2.1 shall first be set off against any payment then due from the Vendor under a Tax Claim; 9.2.2 to the extent there is an excess of the Relevant Amount after any application of the same under paragraph 9.2.1, a refund shall be made to the Vendor of any previous payment or payments made by the Vendor under a Tax Claim and not previously refunded under this paragraph 9.2.2 up to the amount of such excess; and 9.2.3 to the extent that the excess referred to in paragraph 9.2.2 is not exhausted under that paragraph, the remainder of that excess shall be carried forward and set off against any future payment or payments which become due from the Vendor under a Tax Claim.
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The Relevant Amount. Where it is provided under paragraph 6.1 or 6.2 that any amount (the “Relevant Amount”) is to be dealt with in accordance with this paragraph: 6.3.1 the Relevant Amount shall first be set off against any payment then due from the Warrantor under this Tax Covenant or the Tax Warranties; and 6.3.2 to the extent there is an excess, a refund shall be made to the Vendor of any previous payment or payments made by the Warrantor under this Tax Covenant or the Tax Warranties and not previously refunded under this paragraph up to the amount of such excess; and 6.3.3 to the extent that the excess referred to in sub-paragraph 6.3.2 is not exhausted under that sub-paragraph, the remainder of that excess shall be carried forward and set off against any future payment or payments which become due from the Warrantor under this Tax Covenant or the Tax Warranties
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The Relevant Amount. 7.2.1 shall first be set off against any payment then due from the Warrantors under a Tax Claim; 7.2.2 to the extent there is an excess of the Relevant Amount after any application of the same under paragraph 7.2.1, a refund shall be made to the Warrantors.
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The Relevant Amount. (a) shall first be set-off against any payment then due from the Sellers under this schedule 5 or for breach of any Tax Warranty (including under sub-clause 7.6 of this agreement); (b) to the extent there is an excess of the Relevant Amount after any application of it under subparagraph 5.3 (a) a refund shall be made to the Sellers of any previous payment or payments made by such Sellers under this schedule 5 or for breach of any Tax Warranty (including under sub-clause 7.6 of the agreement) and not previously refunded under this subparagraph 5.3(b) or elsewhere in this schedule 5; (c) to the extent that the excess referred to in subparagraph 5.3(b) is not exhausted under that subparagraph, the remainder of the excess shall be carried forward and set-off against any future payment or payments which become due from the Sellers under this schedule 5 or for breach of any Tax Warranty (including under sub-clause 7.6 of this agreement).
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The Relevant Amount. 7.2.1 shall first be set off against any payment then due from the Warrantors under a Tax Claim; 7.2.2 to the extent there is an excess of the Relevant Amount after any application of the same under paragraph 7.2.1, a refund shall be made to the Warrantors of any previous payment or payments made by the Warrantors under a Tax Claim and not previously refunded under this paragraph 7.2.2 up to the amount of such excess; 7.2.3 to the extent that the excess referred to in paragraph 7.2.2 is not exhausted under that paragraph, the remainder of that excess shall be carried forward and set off against any future payment or payments which become due from the Warrantors under a Tax Claim; and 7.2.4 to the extent that any excess referred to in paragraph 7.2.3 is not exhausted by the sixth anniversary of this agreement, a refund of such excess shall be made to the Warrantors within 30 days of the sixth anniversary date.
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The Relevant Amount. (a) shall first be set off against any payment then due from the Vendor under the Tax Covenant or the Tax Warranties; (b) to the extent there is an excess of the Relevant Amount after any application of the same under paragraph 6.2 (a), a refund shall be made to the Vendor of any previous payment or payments made by the Vendor under the Tax Covenant or the Tax Warranties and not previously refunded under this paragraph 6.2 (b) up to the amount of such excess; and (c) to the extent that the excess referred to in paragraph 6.2 (b) is not exhausted under that paragraph, the remainder of that excess shall be carried forward and set off against any future payment or payments which become due from the Vendor under the Tax Covenant or the Tax Warranties.
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Related to The Relevant Amount

  • Relevant Price On any Valid Day, the per Share volume-weighted average price as displayed under the heading “Bloomberg VWAP” on Bloomberg page W <equity> AQR (or its equivalent successor if such page is not available) in respect of the period from the scheduled opening time of the Exchange to the Scheduled Closing Time of the Exchange on such Valid Day (or if such volume-weighted average price is unavailable at such time, the market value of one Share on such Valid Day, as determined by the Calculation Agent using, if practicable, a volume-weighted average method). The Relevant Price will be determined without regard to after-hours trading or any other trading outside of the regular trading session trading hours.

  • Settlement Amount If the Non-Defaulting Party has declared an Early Termination Date pursuant to Section 7.2(b), the Non-Defaulting Party shall have the right to (i) accelerate all amounts owing between the Defaulting Party and the Non-Defaulting Party and to liquidate and terminate the undertakings set forth in this Agreement as between the Defaulting Party and the Non-Defaulting Party; and (ii) withhold any payments due to the Defaulting Party under this Agreement pending payment of the Termination Payment. The Non-Defaulting Party will calculate, in a commercially reasonable manner, the Settlement Amount with respect to the Defaulting Party’s obligations under the Agreement and shall net the Settlement Amount in the manner provided for in Section 7.3(c).

  • Grant Amount The maximum amount payable by the State under this Grant Agreement shall not exceed $<INSERT AMOUNT>.

  • Agreement Amount The Grantee acknowledges and agrees that, notwithstanding any other provision of this Agreement, the maximum amount payable by the City under this Agreement for the initial ## month term shall not exceed the amount approved by City Council, which is $ (dollar amount), and $ (dollar amount) per ## month extension option, for a total Agreement amount of $ . Continuation of the Agreement beyond the initial ## months is specifically contingent upon the availability and allocation of funding, and authorization by City Council. Additional compensation terms are included in Exhibit B.3.

  • Delivery Amount Subject to Paragraph 3 and Paragraph 4, upon a demand made by the Transferee on or promptly following a Valuation Date, if the Delivery Amount for that Valuation Date equals or exceeds the Transferor’s Minimum Transfer Amount, then the Transferor will transfer to the Transferee Eligible Credit Support having a Value as of the date of transfer at least equal to the applicable Delivery Amount (rounded pursuant to Paragraph 11(b)(iii)(D)). Unless otherwise specified in Paragraph 11(b), the “Delivery Amount” applicable to the Transferor for any Valuation Date will equal the amount by which: (i) the Credit Support Amount exceeds (ii) the Value as of that Valuation Date of the Transferor’s Credit Support Balance (adjusted to include any prior Delivery Amount and to exclude any prior Return Amount, the transfer of which, in each case, has not yet been completed and for which the relevant Settlement Day falls on or after such Valuation Date).