Glossary entry (derived from question below)
English term or phrase:
Purchase Price Credit
Arabic translation:
رصيد سعر الشراء / سعر الشراء بالائتمان / سعر الشراء بالاجل
Added to glossary by
Amany Zakaria
Aug 13, 2023 08:28
10 mos ago
10 viewers *
English term
Purchase Price Credit
English to Arabic
Bus/Financial
Business/Commerce (general)
(i) first, if any amount is outstanding under the On-Lending Documents, the aggregate amount payable by Contractor thereunder shall be credited (the “Purchase Price Credit”) against the Purchase Price and applied to the payment of the aggregate amount payable by Contractor under the On-Lending Documents; provided, however, that the Purchase Price Credit shall not be made until Contractor is permitted to terminate this Agreement in accordance with (i) prior to the Senior Discharge Date, the Lender Direct Agreement after giving effect to Section 3.7 (Suspension Period) thereof and (ii) after the Senior Discharge Date, any New Lender Direct Agreement that may be entered into pursuant to Section 20.9(f) (Payment of Purchase Price and Transfer of Project), after giving effect to any applicable suspension period thereunder; and
(ii) second, the net amount of the Purchase Price (such net amount, plus accrued commission under Section 20.9(d) (Payment of Purchase Price and Transfer of Project), the “Purchase Price Balance”) shall be paid in immediately available funds to a bank account in or, provided there is no increase in the Termination Costs (as defined in Appendix M (Calculation of Purchase Price)), outside Saudi Arabia designated by Contractor in writing; provided, however, that the Purchase Price Balance shall be paid in accordance with (i) prior to the Senior Discharge Date, the Intercreditor Agreement and (ii) after the Senior Discharge Date, any new Intercreditor Agreement that may be entered into pursuant to Section 20.9(f) (Payment of Purchase Price and Transfer of Project).
(ii) second, the net amount of the Purchase Price (such net amount, plus accrued commission under Section 20.9(d) (Payment of Purchase Price and Transfer of Project), the “Purchase Price Balance”) shall be paid in immediately available funds to a bank account in or, provided there is no increase in the Termination Costs (as defined in Appendix M (Calculation of Purchase Price)), outside Saudi Arabia designated by Contractor in writing; provided, however, that the Purchase Price Balance shall be paid in accordance with (i) prior to the Senior Discharge Date, the Intercreditor Agreement and (ii) after the Senior Discharge Date, any new Intercreditor Agreement that may be entered into pursuant to Section 20.9(f) (Payment of Purchase Price and Transfer of Project).
Proposed translations
(Arabic)
4 | رصيد سعر الشراء / سعر الشراء بالائتمان / سعر الشراء بالاجل | Motaz Fahmy |
4 | إئتمان بسعر الشراء | TargamaT team |
4 | المبلغ المُقتطَع من سعر الشراء | Lamine Boukabour |
Change log
Aug 13, 2023 08:28: changed "Kudoz queue" from "In queue" to "Public"
Proposed translations
2 hrs
Selected
رصيد سعر الشراء / سعر الشراء بالائتمان / سعر الشراء بالاجل
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4 KudoZ points awarded for this answer.
17 mins
4 hrs
المبلغ المُقتطَع من سعر الشراء
The "Purchase Price Credit" is the amount that is credited or deducted from the "Purchase Price." This credit is applied to offset any outstanding amounts that the "Contractor" owes under the "On-Lending Documents."
After the deduction of the "Purchase Price Credit" and any other adjustments, the remaining amount is referred to as the "Purchase Price Balance."
After the deduction of the "Purchase Price Credit" and any other adjustments, the remaining amount is referred to as the "Purchase Price Balance."
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