Surplus Balance definition
Surplus Balance means the amount available under a Bond Indenture that is in excess of (i) the amount held in the Assistance Account established under the applicable Bond Indenture to pay from time to time debt service on Bonds in accordance with the terms of such Bond Indenture and (ii) any other amounts specified in such Bond Indenture to be paid from moneys received from transfers from SWIFT, that is transferred to the Master Trustee under the terms of the Master Indenture.
Surplus Balance. With respect to any Series, the difference as of any determination date between the Aggregate Collateral Value and the outstanding aggregate principal balance of the related Bonds.
Surplus Balance as at the end of any fiscal quarter, the amount by which the amount of cash and Cash Equivalents of the Borrower and its Subsidiaries exceeds the outstanding principal amount of the Term Loan and any interest accrued thereon at such time.
Examples of Surplus Balance in a sentence
In the event that a Negative Balance is forecasted that exceeds the existing Surplus Balance, Member shall forthwith cause sufficient funds to be deposited into ECNG’s Customer Account to offset the Negative Balance.
If a Surplus Balance has been achieved, the Borrower may increase its Product Development Costs by up to $10,000,000 over the limitation set forth in Section 6.3, for a period deemed necessary and reasonable by management, to develop the supplier side e-commerce software products.
Capital Surplus Balance beginning of year $ 4,196 $ 4,179 $ 3,672 Exercise of stock options -- 30 507 Redemption of preferred stock -- (13) -- ............................................................................................................