Asset Balance definition
Asset Balance means, for any Payment Date, the Pool Balance as of the beginning of the current Collection Period.
Asset Balance on any day for any Mortgage Loan other than a liquidated mortgage loan means its Cut-off Date Asset Balance, plus (i) any Additional Balance for the Mortgage Loan, minus (ii) all collections credited as principal against the Asset Balance of the Mortgage Loan in accordance with the related Credit Line Agreement. A liquidated mortgage loan is any Mortgage Loan that as of the end of the related Collection Period the Master Servicer has determined in accordance with the servicing standards in the Sale and Servicing Agreement that all liquidation proceeds that it expects to recover on the Mortgage Loan or the related Mortgaged Property have been recovered.
Asset Balance. On any day for any Mortgage Loan, other than a liquidated Mortgage Loan, the total unpaid outstanding principal balance of such Mortgage Loan on such date.
Examples of Asset Balance in a sentence
The Custody Fee is: (i) calculated on a daily basis at 4pm Eastern Time; and (ii) accrues each calendar day against Customer’s respective Asset Balance beginning on the day the Supported Digital Assets were Delivered to Gemini (i.e., becoming Assets).
Gemini will provide Customer with an itemized account statement (“Custody Statement”) monthly via Gemini’s Custody Interface, which will list the accrued Fees for Customer’s Assets Customer can view Customer’s prior Custody Statements, current Asset Balance, and other account information at any time through the Custody Interface.
More Definitions of Asset Balance
Asset Balance means, for any payment date, the Pool Balance, in each case as of the beginning of the current Collection Period.
Asset Balance on any day for any Mortgage Loan other than a Liquidated Mortgage Loan means its Cut-off Date Asset Balance, plus any Additional Balance for the Mortgage Loan, minus all collections credited as principal against the Asset Balance of the Mortgage Loan in accordance with the related Credit Line Agreement.
Asset Balance. With respect to any Mortgage Loan, other than a Liquidated Mortgage Loan, and as of any day, the related Cut-off Date Asset Balance or Deposit Date Asset Balance, [plus (i) any Additional Balances in respect of such Mortgage Loan conveyed to the Issuer,] minus [(ii)] all collections credited as principal in respect of any such Mortgage Loan in accordance with the related Loan Agreement (except for any such collections that are allocable to the Excluded Amount) and applied in reduction of the Asset Balance thereof. For purposes of this definition, a Liquidated Mortgage Loan shall be deemed to have an Asset Balance equal to the Asset Balance of the related Mortgage Loan immediately prior to the final recovery of all related Liquidation Proceeds and an Asset Balance of zero thereafter.
Asset Balance means, for any Payment Date, the sum of the Pool Balance and any amounts on deposit in the Pre-Funding Account, in each case as of the beginning of the current Collection Period. For purposes of the calculation of any amount on deposit in the Pre-Funding Account, any amount in the Pre-Funding Account that is to be paid as principal on the Notes on the Payment Date falling in that Collection Period in connection with the end of the Pre-Funding Period shall be deemed to have been withdrawn from the Pre-Funding Account as of the end of the immediately preceding Collection Period.
Asset Balance means, for any payment date, the Pool Balance as of the beginning of the current Collection Period. “Note Monthly Principal Distributable Amount” means, for any payment date, the amount necessary to be paid on the
Asset Balance means the quantity of each Asset denominated in the appropriate Supported Digital Asset type.
Asset Balance means, for any payment date, the Pool Balance as of the beginning of the current Collection