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.
Sample 1Sample 2
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.
Sample 1Sample 2
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.
Sample 1

Examples of Surplus Balance in a sentence

  • U.S. Lower Basin States: Intentionally Created Surplus Balance, 2010-2020 Source: Figure by CRS, based on data from Bureau of Reclamation, Colorado River Accounting and Water Use Report, Calendar Years 2010-2020, at https://www.usbr.gov/lc/region/g4000/wtracct.html.

  • Surplus Balance: If a surplus remained after project completion, inspect the district’s records supporting the distribution of the surplus.

  • Surplus Balance of Trade is also called as plus, positive or favourable balance of trade or trade surplus.

  • Statutory arrangements require that the impact on the Accumulated Surplus Balance is neutralised by transfers to or from the Account.

  • The surplus balance calculation is, Surplus Balance (%) = (A) / (B) x 100.

  • See schedule "B" for the amounts and types of Employee deductions.

  • U.S. Lower Basin States Intentionally Created Surplus Balance, 2010-2017 Source: Figure by CRS, based on data from Bureau of Reclamation, Colorado River Accounting and Water Use Report, Calendar Years 2010-2017, at https://www.usbr.gov/lc/region/g4000/wtracct.html.

  • The reserve is then appropriated back into the Accumulated Surplus Balance in the Movement in Reserves Statement so that there is no net charge against the revenue account for the expenditure.The Reserve for Plant and Equipment is used for evening out expenditure on larger items such as computer software for e-trading which are not capitalised.

  • RELATIONSHIP TO CORPORATE PLAN The recommendation supports all Council's strategic priorities but is especially relevant to community health and wellbeing priorities.

  • U.S. Lower Basin States: Intentionally Created Surplus Balance, 2010-2019 Source: Figure by CRS, based on data from Bureau of Reclamation, Colorado River Accounting and Water Use Report, Calendar Years 2010-2019, at https://www.usbr.gov/lc/region/g4000/wtracct.html.

Related to Surplus Balance

  • 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.

  • 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.

  • Surplus Amount means [***].

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

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

  • Payahead Balance means, for a Lease:

  • 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.

  • Scheduled Balance Not applicable.

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

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

  • Annual Balanced Budget means that, in each Funding Year of the term of this Agreement, the total revenues of the HSP are greater than or equal to the total expenses, from all sources, of the HSP;

  • Pool Balance means, as of any date, the aggregate Principal Balance of the Receivables (exclusive of all Administrative Receivables for which the Servicer has paid the Administrative Purchase Payment, Warranty Receivables for which the Seller has paid the Warranty Purchase Payment and Defaulted Receivables) as of the close of business on such date.

  • 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.

  • Debit Balance means, as of any date, the dollar amount, if any, representing the accrued aggregate Annual Charge not deducted from the Liquid Balance.

  • Aggregate Planned Balance With respect to any group of Planned Principal Classes or Components and any Distribution Date, the amount set forth for such group for such Distribution Date in Schedule V hereto.

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

  • 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.

  • Specified Reserve Fund Balance means, on the Closing Date $3,846,153.85, and with respect to any Payment Date 0.25% of the initial aggregate principal balance of the Receivables as of the Cutoff Date.

  • 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.

  • 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.

  • Scheduled Balances Not applicable.

  • Specified Reserve Account Balance means, for any Payment Date, an amount equal to 1.00% of the Pool Balance as of the Cut-Off Date; provided, however, on any Payment Date after the Notes are no longer Outstanding following payment in full of the principal and interest on the Notes, the “Specified Reserve Account Balance” shall be $0.

  • Surplus Cash means any cash remaining after:

  • Specified Spread Account Balance means on the Closing Date, % of the sum of the Pool Balance as of the [Initial] Cutoff Date and on any Payment Date thereafter the lesser of, (a) % of the [sum of (i) the] Pool Balance as of the [Initial] Cutoff Date [plus (ii) the aggregate Contract Value of all Subsequent Receivables sold to the Trust as of their respective Cutoff Dates] and (b) the outstanding principal amount of the Notes. However, if (A) the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) will be reduced to % on such Payment Date and will remain at such percentage for each Payment Date thereafter unless further reduced on the Payment Dates as provided in the following clauses (B), (C) or (D); (B) if the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) of the preceding sentence will be reduced to % on such Payment Date (regardless of whether the Specified Spread Account Reduction Trigger was met on the Payment Date in [Month] 20XX or any Payment Date thereafter and will remain at such percentage for each Payment Date thereafter unless further reduced on the Payment Date as provided in the following clause (C) or (D); (C) the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) of the preceding sentence will be reduced to % on such Payment Date (regardless of whether the Specified Spread Account Reduction Trigger was met on the Payment Dates in [Month] 20XX or any Payment Date thereafter or [Month] 20XX or any Payment Date thereafter) and will remain at such percentage for each Payment Date thereafter unless further reduced on the Payment Date as provided in the following clause (D); and (D) the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) of the preceding sentence will be reduced to % on such Payment Date (regardless of whether the Specified Spread Account Reduction Trigger was met on the Payment Dates in [Month] 20XX or any Payment Date thereafter, [Month] 20XX or any Payment Date thereafter or [Month] 20XX or any Payment Date thereafter) and will remain at such percentage for each Payment Date thereafter. In addition to the ability to amend the “Specified Spread Account Balance” definition pursuant to Section 9.1(a) of the Indenture, the Specified Spread Account Balance may also be reduced or modified without the consent of the Holders of the Notes if the Rating Agency Condition is satisfied with respect to such reduction or modification.

  • Principal Balance Schedules Not applicable.