Collateral Balance definition

Collateral Balance means, as of any date of determination, the sum of (i) the Pool Balance as of such date, and (ii) the Pre-Funded Amount as of such date.

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Collateral Balance means (i) with respect to a Purchased Policy (other than an Escrow Policy), the Purchase Price for such Policy together with the amount of all premiums in respect of such Policy that have been paid by or on behalf of the Borrower or the Titling Trust during the period such Policy was included in the Collateral hereunder and (ii) with respect to an Escrow Policy, the lesser of (A) the Purchase Price for such Policy and (B) the funds currently held by an Eligible Escrow Agent pursuant to an Eligible Escrow Agreement in respect of such Purchase Price; provided that upon receipt of any Liquidation Proceeds for a Policy, the Collateral Balance of such Policy shall be deemed to be zero.

Collateral Balance. With respect to any date of determination, the sum, without duplication, of (a) the Pool Balance (including, for this purpose, the principal balance of each Carried Defaulted Obligation but only until such time as the payments of principal or Contributions referred to in the definition thereof have been received by the Issuer) as of such date, plus (b) the amounts on deposit in the Prefunding Account and the Reinvesting Revolver Funding Account, Principal Proceeds on deposit in the Reinvestment Collection Subaccount and Principal Proceeds on deposit in the Principal Collection Subaccount available to purchase Additional Collateral Obligations (in each case, including Eligible Investments therein) and the amounts anticipated to be deposited into the Principal Collection Subaccount on the Payment Date immediately succeeding such date of determination.

Examples of Collateral Balance in a sentence

• As of any date of determination and Loan Group, will be equal to applicable Aggregate Loan Group Balance plus the amount, if any, then on deposit in the Prefunding Account, with respect to the related Loan Group; provided that the Aggregate Loan Group Collateral Balance as of the Initial Cut-off Date will include the Prefunded Amount.

• The right to repurchase all Mortgage Loans and REO Properties pursuant to clause (a) above shall be conditioned upon the aggregate Stated Principal Balance of the Mortgage Loans and the appraised value of the REO Properties at the time of any such repurchase, aggregating less than ten percent of the Aggregate Collateral Balance as of the Cut-off Date.

• On any Distribution Date on which the sum of the aggregate Stated Principal Balance of the Mortgage Loans and the appraised value of the REO Properties at the time of repurchase is less than 10% of the sum of the Aggregate Collateral Balance of the Mortgage Loans, the Optional Termination Holder will have the option to repurchase, in whole, from the Trust Fund all remaining Mortgage Loans and REO Properties at a purchase price determined as provided in the Agreement.

• On any Distribution Date on which the aggregate Stated Principal Balance of the Group 7 Mortgage Loans is equal to 10% or less of the Aggregate Group 7 Collateral Balance as of the Cut-off Date, the Terminating Entity will have the option to repurchase, in whole, from the Trust Fund all remaining Group 7 Mortgage Loans and all property acquired in respect of such Mortgage Loans at a purchase price determined as provided in the Agreement.

• On any Distribution Date on which the Aggregate Groups 1-6 Collateral Balance is equal to 10% or less of the Aggregate Groups 1-6 Collateral Balance as of the Cut-off Date, the Terminating Entity will have the option to repurchase, in whole, from the Trust Fund all remaining Mortgage Loans in Group 1, Group 2, Group 3, Group 4, Group 5 and Group 6 and all property acquired in respect of such Mortgage Loans at a purchase price determined as provided in the Agreement.

More Definitions of Collateral Balance

Collateral Balance means (i) with respect to any Loan, the outstanding principal balance of such Loan as of the date of determination, (ii) with respect to a Purchased Policy (other than an Escrow Policy), the Purchase Price for such Policy together with the amount of all premiums in respect of such Policy that have been paid by or on behalf of the Life Settlement Borrower or the Titling Trust during the period such Policy was included in the Collateral hereunder and (iii) with respect to an Escrow Policy, the lesser of (A) the Purchase Price for such Policy and (B) the funds currently held by an Eligible Escrow Agent pursuant to an Eligible Escrow Agreement in respect of such Purchase Price; provided that upon receipt of any Liquidation Proceeds for a Policy, the Collateral Balance of such Policy shall be deemed to be zero.

Collateral Balance means, as of any date of determination, the sum of

Collateral Balance means an amount in USD equal to (i) the aggregate of all Collateral Delivery Amounts paid by Party B to Party A minus (ii) the aggregate of all Collateral Return Amounts paid by Party A to Party B.

Collateral Balance means the amount standing to the credit of the Deposit Account.

Collateral Balance means the collateral delivered by the Collateral Giver to the Collateral Taker pursuant to the Collateral Service Agreement in respect of which equivalent assets have not been returned to the Collateral Giver by the Collateral Taker pursuant to Clause (3.2);

Collateral Balance has the meaning specified in Section 1502.

Collateral Balance means, at any time, the sum of the Net Receivables Pool Balance on such day plus the amount on deposit in the Liquidation Account (other than the amounts set aside pursuant SECTION 1.4(b)(i), SECTION 1.4(b)(ii) and SECTION 1.4(b)(iii) for the benefit of any Purchaser, the Insurer and/or the Servicer).