Total Balances definition
Examples of Total Balances in a sentence
That fee will be deducted from both your Available and Total Balances.
Next, the Settlement Administrator shall repeat Step Two above, this time excluding the Total Balances for the No Payment Group, to arrive at the Final Entitlement Percentage for each remaining Class Member (i.e., Final Entitlement Percentage = [positive Total Balance for each Class Member not in the No Payment Group] ÷ [Total Balance For The Class minus the Total Balance for the No Payment Group]).
STEP 2: The Settlement Administrator shall sum each Class Member’s opening account balance and month-end balances for the Class Period (“Total Balance”), and for any Class Member with a positive sum, shall divide that sum by the sum of all the Class Members’ Total Balances for the Class Period, with the quotient representing the Entitlement Percentage for each such Class Member.
Next, the Settlement Administrator shall repeat Steps Two through Four above, this time excluding the Total Balances for the No Payment Group, to arrive at the “Final Entitlement Percentage” for each remaining Current Participant and Former Participant (i.e., Final Entitlement Percentage = [Total Balance for each Class Member not in the No Payment Group] ÷ [Total Balance For The Class minus the Total Balance for the No Payment Group]).