Initial Balance definition

Initial Balance. The aggregate Outstanding Principal Balance of the Mortgage Loans evidenced by a Participation Certificate as of the related Purchase Date.

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Initial Balance. The aggregate Cut-off Date Principal Balance of the Mortgage Loans.

Initial Balance. As set forth in the Preliminary Statement.

Examples of Initial Balance in a sentence

• On the Closing Date, the Owner Trustee, on behalf of the Issuer, shall deposit the Reserve Fund Initial Balance into the Reserve Fund from the net proceeds of the sale of the Securities.

• The Intercompany Indebtedness has not been reflected in the Initial Balance Sheet, and will not be reflected in the Estimated or Closing Balance Sheet, as an asset or liability and, consequently, shall have no effect on the calculation of the Purchase Price Adjustment hereunder.

• Inventories on hand that were purchased after the date of the Initial Balance Sheet were purchased in the ordinary course of the Business consistent with past practices or reasonable future expectations at a cost generally not exceeding market prices prevailing at the time of purchase.

• LRA funds will not be released until the sum of LRA funds from all MCC’s in the Aggregate Pool exceeds the Aggregate Pool required amount which will equal the total Initial Balance of all LRAs in this Aggregate Pool multiplied by the Required Fixed LRA Amount percentage specified in Section 6 of the MCC.

• If required to do so by such Independent Accounting Firm, in connection with its engagement, Buyer and Seller shall (i) negotiate in good faith to agree to a specific materiality level for the conduct of the engagement (which shall not exceed $30,000 nor be less than $10,000 per individual item) and (ii) submit the Initial Balance Sheet (with such changes as may then have been agreed by Seller and Buyer) to such Independent Accounting Firm for audit.

More Definitions of Initial Balance

Initial Balance means the amount represented by the formula—

Initial Balance means the aggregate UPB of the Covered Obligations as of the last day of the Loan Acquisition Period, less the aggregate UPB of all Covered Pool Removals as of the last day of the Loan Acquisition Period, as reported by the Insured to the Insurer and the Calculation Agent pursuant to Article V(B).

Initial Balance means an amount equal to the aggregate fair market value of the shares underlying the Elected Options on the Effective Date less the aggregate exercise price of the Elected Options.

Initial Balance purchase means the first purchase of receivables from a CashFlow Manager Customer (or the first 30 days' receivables acquired by you if you either (i) acquire less than all of the CashFlow Manager customer's receivables existing on the date of the first purchase of receivables, or (ii) if such CashFlow Manager customer has no existing receivables which will be purchased by you until after the date of the first purchase of receivables). "Ongoing purchases" means purchases of receivables from a CashFlow Manager Customer subsequent to the Initial Balance purchase.

Initial Balance means, with respect to any Sold Account, the invoice amount of such Sold Account as of the Conveyance Date for such Sold Account.

Initial Balance means the amount rep- resented by the formula—

Initial Balance shall have the meaning provided in Section 11.05(e).