Debit Balance Date definition
Debit Balance Date shall have the meaning given to such term in Section 3.1(c)(4).
- Home
- Dictionary
- Debit Balance Date
Related to Debit Balance Date
Debit Balance means, as of any date, the dollar amount, if any, representing each of: (1) the aggregate Annual Charge, accrued in accordance with Section 3.4(g)(i); and (2) any Leveraged Principal Amount (together with any pro rata Interest Amounts determined in accordance with Section 3.4(g)(ii), if applicable), as reduced by any distributions recorded from ML Ventures Units recorded in a Participant’s Account in accordance with Section 3.4(e).
Balance Date means 30 June or any other date that the Trustees by resolution adopt as the date up to which the Trust’s financial statements are to be made in each year;
Asset Balance means, for any Payment Date, the Pool Balance as of the beginning of the current Collection Period.
Fund balance is the value of the Accumulation Fund, determined pursuant to Section 1.4.
Target Balance has the meaning set forth in Section 6.1I(1) hereof.