Designated Balance definition

Designated Balance shall have the meaning specified in Section 2.07(b).
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Designated Balance shall have the meaning specified in Section 2.6(b)(ii) of the Receivables Purchase Agreement.
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Designated Balance shall have the meaning specified in Section 2.7(b)(ii) of the Trust Sale and Servicing Agreement.
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Examples of Designated Balance in a sentence

  • The Seller shall deliver to the Buyer, the Trustee, any Enhancement Providers and the Rating Agencies a computer file or microfiche or written list containing a true and complete list of the Removed Accounts specifying for each such Account, as of the Removal Commencement Date, its account number, the aggregate amount of Receivables outstanding in such Accounts and the Designated Balance.

  • The Seller shall deliver to the Trustee, any Enhancement Providers and the Rating Agencies a computer file or microfiche or written list containing a true and complete list of the Removed Accounts, specifying for each such Account, as of the Removal Commencement Date, its account number, the aggregate amount of Receivables outstanding in such Accounts and the Designated Balance.

  • The Seller shall deliver to the Buyer, -------------------------- the Trustee, any Enhancement Providers and the Rating Agencies a computer file or microfiche or written list containing a true and complete list of the Removed Accounts specifying for each such Account, as of the Removal Commencement Date, its account number, the aggregate amount of Receivables outstanding in such Accounts and the Designated Balance.

  • The Seller shall deliver to the Trust and the Trustee, any Enhancement Providers and the Rating Agencies a computer file or microfiche or written list containing a true and complete list of the Removed Accounts, specifying for each such Account, as of the Removal Commencement Date, its account number, the aggregate amount of Receivables outstanding in such Accounts and the Designated Balance.

  • In addition, the Seller is required to:(a) pay, on behalf of the applicable Obligors, the Designated Balance of such Designated Accounts; or(b) purchase the Account Assets thereunder;in each case by depositing cash in an amount equal to the Designated Balance into the Collection Account on or prior to the second Business Day after the Removal Date, which amounts are deemed to be Collections for such day.

  • Designated Balance – shall mean funds designated to a reserve for a specific purpose, which has not yet been approved by Council to be applied towards a specific expenditure.

  • Designated Balance Participants are permitted to accumulate a Designated Balance between $2,000.00 and$8,000.00.

  • Unless a Participant completes in its entirety an I.B.E.W. Local Union 697 S.U.B. Fund Benefit Change Form (hereinafter Change Form) specifying a different amount, the Designated Balance will be set for a Participant at $2,000.00.

  • The quarterly reporting will indicate the total of Restricted Surplus Accounts as grouped in the four Restricted Surplus Account roll up categories, and will include current balance segregated between Committed Balance and Designated Balance.

  • Since the Designated Balance Sheet Date, there has not been any declaration, setting aside or payment of any dividend or other distribution in respect of any shares of capital stock of the Company and/or its Subsidiaries or any repurchase, redemption or other acquisition by the Company and/or its Subsidiaries of any outstanding shares of capital stock or other securities of, or other ownership interest in the Company and/or its Subsidiaries.


More Definitions of Designated Balance

Designated Balance means the balance of Receivables existing in a Designated Account on the Removal Commencement Date;
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Designated Balance shall have the meaning set forth in ------------------ Section 2.08(b)(iii) hereof.
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Designated Balance shall have the meaning specified in Section 2.7(1). “Designated Portfolio” shall mean a Portfolio designated in Schedule 1 and each additional Portfolio designated in Schedule 1 as amended or supplemented thereafter in accordance with Section 2.9.
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Designated Balance shall have the meaning specified in Section 2.7(1). "Discount Option Receivables" shall mean, with respect to any Series, Principal Receivables designated by the Seller at a specified discount, which discount is applied such that the discounted portion of Collections of such Principal Receivables are treated as Collections of Finance Charge Receivables, as specified with respect to such Series in the related Series Purchase Agreement.
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Designated Balance has the meaning specified in Section 2.7(b)(ii) of this Agreement.
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Related to Designated Balance

  • Targeted Balance With respect to any group of Targeted Principal Classes or Components in the aggregate and any Distribution Date appearing in Schedule V hereto, the Aggregate Targeted Balance for such group and Distribution Date. With respect to any other Targeted Principal Class or Component and any Distribution Date appearing in Schedule V hereto, the applicable amount appearing opposite such Distribution Date for such Class or Component.

  • Unobligated balance means the portion of the funds authorized by the Federal awarding agency that has not been obligated by the recipient and is determined by deducting the cumu- lative obligations from the cumulative funds authorized.

  • Planned Balance With respect to any group of Planned Principal Classes or Components in the aggregate and any Distribution Date appearing in Schedule V hereto, the Aggregate Planned Balance for such group and Distribution Date. With respect to any other Planned Principal Class or Component and any Distribution Date appearing in Schedule V hereto, the applicable amount appearing opposite such Distribution Date for such Class or Component.

  • Fund balance is the value of the Accumulation Fund, determined pursuant to Section 1.4.

  • Required Balance has the meaning set forth in the Reinsurance Agreement.

  • Scheduled Balance Not applicable.

  • Payahead Balance means, for a Lease:

  • Class Balance With respect to any Class of Certificates, at any time, the aggregate of the Certificate Balances of all Outstanding Certificates of such Class.

  • Uncertificated Balance The amount of the REMIC Regular Interests outstanding as of any date of determination. As of the Closing Date, the Uncertificated Balance of each REMIC Regular Interest shall equal the amount set forth in the Preliminary Statement hereto as its initial uncertificated balance. On each Distribution Date, the Uncertificated Balance of the REMIC Regular Interest shall be reduced by all distributions of principal made on such REMIC Regular Interest on such Distribution Date pursuant to Section 5.01 of this Agreement and, if and to the extent necessary and appropriate, shall be further reduced on such Distribution Date by Realized Losses as provided in Section 5.04 of this Agreement and the Uncertificated Balance of REMIC II Regular Interest ZZ shall be increased by interest deferrals as provided in Section 5.01 of this Agreement. The Uncertificated Balance of each REMIC Regular Interest shall never be less than zero.

  • REMIC I Subordinated Balance Ratio The ratio among the Uncertificated Principal Balances of each of the REMIC I Regular Interests ending with the designation "A," equal to the ratio among, with respect to each such REMIC I Regular Interest, the excess of (x) the aggregate Scheduled Principal Balance of the Mortgage Loans in the related Loan Group over (y) the Current Principal Amount of the Senior Certificates in the related Group.

  • REMIC II Subordinated Balance Ratio The ratio among the Uncertificated Balances of each REMIC II Regular Interest ending with the designation “SUB,”, equal to the ratio between, with respect to each such REMIC II Regular Interest, the excess of (x) the aggregate Stated Principal Balance of the Group I Mortgage Loans or Group II Mortgage Loans, as applicable over (y) the current Certificate Principal Balance of related Class A Certificates.

  • New Balance This means the total outstanding balance on your account. It will be listed on each statement as the “New Balance”.

  • Loan Group Balance As to each Loan Group, the aggregate of the Stated Principal Balances of the Mortgage Loans in such Loan Group that were Outstanding Mortgage Loans at the time of determination.

  • Legal Balance means the amount of indebtedness legally owed by an Obligor with respect to a Loan, including principal and accrued and unpaid interest, late fees, attorneys' fees and expenses, taxes, insurance premiums, and similar charges, if any.

  • Asset Balance means, for any Payment Date, the Pool Balance as of the beginning of the current Collection Period.

  • Unpaid Balance of any Receivable means at any time the unpaid principal amount thereof.

  • Original Balance means, with respect to any Receivable coming into existence after the Initial Cutoff Date, the Outstanding Balance of such Receivable on the date it was created.

  • Additional Balance as to any Mortgage Loan means the aggregate amount of all additional borrowings by the mortgagor under the relevant Credit Line Agreement after the Cut-off Date for the Mortgage Loan.

  • Planning Period Balance means the entire period of time remaining in the Planning Period following the month that a monthly auction is conducted.

  • Segregated ballast means the ballast water introduced into a tank which is completely separated from the cargo oil and oil fuel system and which is permanently allocated to the carriage of ballast or to the carriage of ballast or cargoes other than oil or noxious substances as variously defined in the Annexes of the present Convention.

  • Minimum Balance means, at any time, an amount that equals the product of: (a) the average Borrowing Base (or, if less on any given day, the Revolving Loan Commitment) during the immediately preceding month multiplied by (b) the Minimum Balance Percentage for such month.