Define: Difference Amount

How is Difference Amount defined in a legal contract?

• Difference Amount means the variance between the total indemnity amount and the maximum indemnity amount. Seen in 5 SEC filings.
• Difference Amount means the payable amount based on a settlement interval, either from the [organization] to the generator, or vice versa. This is due to the difference between the strike price and the pool price, determined in accordance with [clause]. Seen in 4 SEC filings.
• Difference Amount means regarding a settlement unit, an amount (expressed in pounds) that is calculated based on a specific formula. Seen in 4 SEC filings.
• Difference Amount means the amount that is equal to the permitted short term debt amount minus [number], provided that if such amount is less than zero, the Difference Amount shall be zero. Seen in 2 SEC filings.
• Difference Amount means, on any date, the notes accreted amount as of that date minus the principal amount. Seen in 2 SEC filings.
• Difference Amount means the meaning given to that term in Condition 7.1 (Difference Amount calculation). Seen in 1 SEC filing.
• Difference Amount means the meaning attributed to it in Section 1.7(b). Seen in 1 SEC filing.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of difference amount' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Difference Amount means the calculated variance between two predefined monetary values.

Relevant Contract Types

• Asset Purchase Agreement
• Sale and Purchase Agreement
• Mergers and Acquisitions Agreement

Relevant Circumstances

• Acquisition of assets where costs must be calculated.
• Sales or purchases, where the variance between cost price and selling price needs to be determined.
• Business mergers or acquisitions involving financial adjustments or pro-rata allocations.

Relevant Sectors

• Retail
• Financial Services
• Real Estate

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Genie Definition 2

• Difference Amount means the amount due based on a settlement interval, driven by the variance between two preset pricing elements.

Relevant Contract Types

• Energy Supply Agreement
• Commodity Trading Agreement

Relevant Circumstances

• Settlement of power generation contracts where pricing is dynamically determined.
• Commodities trading arrangements with fluctuating market prices.

Relevant Sectors

• Energy
• Commodity Trading

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