Glossary entry (derived from question below)
English term or phrase:
Purchase Price Balance
Arabic translation:
الرصيد المتبقي من سعر الشراء
Added to glossary by
Amany Zakaria
Aug 13, 2023 12:37
9 mos ago
9 viewers *
English term
Purchase Price Balance
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 | الرصيد المتبقي من سعر الشراء | Lamine Boukabour |
4 | رصيد مستحق بعد سعر الشراء / باقى سعر الشراء | Motaz Fahmy |
3 | الرصيد المتبقي من سعر الشراء | Inas Albaba |
Proposed translations
13 mins
Selected
الرصيد المتبقي من سعر الشراء
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Note added at 18 mins (2023-08-13 12:55:39 GMT)
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In summary, the "Purchase Price Balance" is the net amount that remains to be paid after accounting for various adjustments, deductions, and credits from the total "Purchase Price." It represents the final payment obligation of the "Contractor" under the agreement.
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Note added at 18 mins (2023-08-13 12:55:39 GMT)
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In summary, the "Purchase Price Balance" is the net amount that remains to be paid after accounting for various adjustments, deductions, and credits from the total "Purchase Price." It represents the final payment obligation of the "Contractor" under the agreement.
4 KudoZ points awarded for this answer.
Comment: "شكرا"
27 mins
الرصيد المتبقي من سعر الشراء
The purchase price balance is the amount of money that the buyer still owes to the seller after the accrued commission has been paid.
Note from asker:
شكرا |
47 mins
رصيد مستحق بعد سعر الشراء / باقى سعر الشراء
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In banking and accounting, the balance is the amount of money owed (or due) on an account. In bookkeeping, “balance” is the difference between the sum of debit entries and the sum of credit entries entered into an account during a financial period.
In banking and accounting, the balance is the amount of money owed (or due) on an account. In bookkeeping, “balance” is the difference between the sum of debit entries and the sum of credit entries entered into an account during a financial period.
Note from asker:
شكرا |
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