Define: Total Amount

How is Total Amount defined in a legal contract?

• Total Amount means the total sum from the grant stated in the grant schedule. Seen in 38 SEC filings.
• Total Amount means the sum of the total gross charged for the works contract and the estimated market value of the goods and services provided in relation to the work contract after deducting specified factors. Seen in 18 SEC filings.
• Total Amount means the combination of the Contract Price and Provisional Sums. Seen in 6 SEC filings.
• Total Amount means the total amount payable by the borrower to the lender at the specified time, including capital, interest, penalty interest, costs including penalty fees, taxes and any default administration costs. Seen in 5 SEC filings.
• Total Amount means the full amount of the total accumulated pension capital. Seen in 4 SEC filings.
• Total Amount means the sum of the principal amounts of the assets, liabilities, obligations, or cash flows that need to be reported in a specific item in the return. The total amount should be reported on a gross basis. Seen in 4 SEC filings.
• Total Amount means an amount equivalent to the product of the Harbinger Amount multiplied by a fraction that has as numerator the total number of shares of common stock outstanding on the record date and as denominator the total number of shares held by the party and other members of the restricted group on the record date. Seen in 3 SEC filings.

These definitions were generated by examining various legal documents and contracts, and should therefore be considered as a general guideline and not as precise legal definitions. Each definition may vary in meaning depending on the exact wording used, as well as the surrounding context.

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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

Total Amount means the sum of a specific financial transaction or group of transactions.

Relevant Contract Types

• Purchase Agreement
• Loan Agreement

Relevant Circumstances

• A company is purchasing goods or services from another party, and the total cost needs to be agreed upon.
• A borrower is taking out a loan, and the total amount of money to be lent needs to be specified.

Relevant Sectors

• Financial Services
• Supply Chain

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Genie Definition 2

Total Amount means the comprehensive financial obligation of a party in a contract.

Relevant Contract Types

• Employment Contract
• Lease Agreement

Relevant Circumstances

• An employer is creating a contract for a new employee, and the total salary and benefits need to be stipulated.
• A tenant is signing a lease, and the total rent over the period of the lease must be agreed upon.

Relevant Sectors

• Human Resources
• Real Estate

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Genie Definition 3

Total Amount means the full quantity of an accumulated asset or liability.

Relevant Contract Types

• Asset Purchase Agreement
• Debt Settlement Agreement

Relevant Circumstances

• Two companies are transferring assets, and the total value of the assets needs to be determined.
• Two parties are settling a debt, and the total amount of the debt to be settled is being specified.

Relevant Sectors

• Mergers and Acquisition
• Debt Recovery

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