Examples of Average Loan Balance in a sentence
The Cash Manager, in its capacity as Calculation Agent under the Interest Rate Swap Agreement, shall determine, in accordance with the terms of the Interest Rate Swap Agreement, the Receipt Ratio and the Average Loan Balance in respect of the relevant Calculation Period and shall notify the Guarantor and the Bond Trustee of such amounts and balances on the Toronto Business Day that is at least two days prior to the first Guarantor Payment Date following the relevant Calculation Period.
Variable Rate Ratio means, in respect of a Calculation Period or a particular date, the Relevant Average Variable Rate Loan Balance divided by the Average Loan Balance, in each case, for such Calculation Period or date (as applicable).
The Cash Manager shall determine, in accordance with the terms of the Interest Rate Swap Agreement, the Receipt Ratio and the Average Loan Balance in respect of the relevant Calculation Period and shall notify the Guarantor LP and the Bond Trustee of such amounts and balances on the Business Day that is at least two days prior to the first Guarantor LP Payment Date following the relevant Calculation Period.
Average Loan Balance means, in respect of a Calculation Period or a particular date, the average outstanding daily principal balance of the Loans on the first day of the relevant Calculation Period orthe outstanding principal balance of the Loans on such date (as applicable), as notified by the Cash Manager in accordance with the provisions of the Cash Management Agreement.
Trigger Event is in effect False False Stepdown Date and Trigger Event in effect Trigger Event is in effect on or after StepDown Date False False 60+ Dlq Avg Loan Balance / Subordinate Balance Dlq Average Loan Balance / Class M and B balance Test False False Aggregate Realized Loss Pct < Scheduled Loss Pct Aggregate Realized Loss Test False False Sr. Accel.