Aggregate Balances Clause Samples
The Aggregate Balances clause defines how the total amount of funds or assets held across multiple accounts or positions is calculated and managed under an agreement. In practice, this clause specifies whether balances from different sources can be combined for purposes such as meeting minimum thresholds, calculating fees, or determining compliance with contractual requirements. Its core function is to provide clarity and consistency in how aggregate amounts are treated, thereby preventing disputes and ensuring all parties have a shared understanding of their obligations and entitlements.
Aggregate Balances. Neither the Obligor under a Receivable nor any of its affiliates is the Obligor under a Receivable or Receivables with an aggregate Receivable Balance greater than $40,000 as of the applicable Cutoff Date.