Securities Balance definition

Securities Balance means, as of any date, the unpaid principal amount of the Securities as of such date.

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Securities Balance. The Note Balance or Certificate Balance, as the context may require.

Securities Balance means, as determined as of April 10, 2020, the aggregate amount owed to a Participating Counterparty under the Applicable Agreements in respect of Securities Assets.

Examples of Securities Balance in a sentence

As provided in the Indenture, the Servicer will be permitted at its option to purchase the 2003-A SUBI Certificate from the Issuer on any Payment Date if, either before or after giving effect to any payment of principal required to be made on such Payment Date, the Securities Balance is less than or equal to 10% of the Initial Securities Balance.
As provided in the Indenture, the Servicer will be permitted at its option to purchase the 2005-A SUBI Certificate from the Issuer on any Payment Date if, either before or after giving effect to any payment of principal required to be made on such Payment Date, the Securities Balance is less than or equal to 5% of the Initial Securities Balance.
As provided in the Indenture, the Servicer will be permitted at its option to purchase the 2004-A SUBI Certificate from the Issuer on any Payment Date if, either before or after giving effect to any payment of principal required to be made on such Payment Date, the Securities Balance is less than or equal to 10% of the Initial Securities Balance.
Securities Balance: The Note Balance or Certificate Balance, as the context may require.
The purchase price for the 99% 1999-A Vehicle SUBI Certificate shall equal the Securities Balance, together with accrued interest thereon up to but not including such related Payment Date (the "Optional Purchase Price"), which amount shall be deposited by the Transferor into the SUBI Collection Account on the Deposit Date related to such Payment Date.
The term "Cash/Marketable Securities Balance" shall be determined on a quarterly basis and shall mean the average daily balance with respect to all bank accounts, available borrowings on the Debtors' Revolving Credit Account (excluding the Re-Imaging Fund Deposits and the Sinking Fund Deposits), and Marketable Securities accounts maintained by the Debtor for such quarter.
The purchase price for the 99% 2001-A Vehicle SUBI Certificate and the termination of the pledge of the 2001-A Lease SUBI Certificate shall equal the Securities Balance, together with the interest thereon accrued during the related Accrual Period (the "Optional Purchase Price"), which amount shall be deposited by the Transferor into the SUBI Collection Account on the Deposit Date related to such Payment Date.
The purchase price for the [___]-[_] SUBI Certificate shall equal the Securities Balance, together with accrued interest thereon up to but not including such related Payment Date (the “Optional Purchase Price”), which amount shall be deposited by the Servicer into the SUBI Collection Account on the Deposit Date related to such Payment Date.
Debtor agrees to either (a) at all times maintain cash or Marketable Securities (defined below) in an amount equal to two months of principal and interest payments payable under the Loan (the "Cash/Marketable Securities Balance") or ---------------------------------- (b) maintain a Current Ratio (defined below), of no less than 0.75 to 1.00.
The Servicer shall be permitted at its option (the “Optional Purchase”) to purchase the [___]-[_] SUBI Certificate from the Issuer on any Payment Date if, either before or after giving effect to any payment of principal required to be made on such Payment Date, [the Securities Balance is less than or equal to 10% of the Initial Securities Balance][the Aggregate Securitization Value is less than or equal to 10% of the initial Aggregate Securitization Value as of the Cutoff Date].

More Definitions of Securities Balance

Securities Balance has the meaning set forth in the Trust Agreement.

Securities Balance means the sum of the Note Balance and the Certificate Balance; provided, however, that except as otherwise provided by the context, references to the Securities Balance as of a particular Distribution Date shall take into account all distributions of principal made on such Distribution Date.

Securities Balance has the meaning set forth in the Administration Agreement.

Securities Balance the Term Note Balance, Variable Funding Balance or Certificate Balance, as the context may require.