Undrawn Balance definition

Undrawn Balance means the difference between the Loan actually made and the maximum amount of the Loan at any time.
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Undrawn Balance means, as of any date, the difference between the Facility Amount and the Repurchase Price (excluding accrued Price Differential) for all Purchased Assets subject to Transactions hereunder.
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Undrawn Balance means, with respect to any calendar month, the difference between (x) the maximum Principal Indebtedness that has been outstanding during the term of the Loan and (y) the minimum Principal Indebtedness outstanding during such calendar month.”
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Examples of Undrawn Balance in a sentence

  • Upon payment of the Unpaid and Undrawn Balance to you Applicant shall have no further legal or equitable interest therein, and you will not be required to segregate on your books or records the Unpaid and Undrawn Balance paid by Applicant.

  • After you receive the Unpaid and Undrawn Balance, you agree to pay to Applicant, upon termination of all of your liability under all the Credits and Demands, a sum equal to the amount which has not been drawn under all the Credits less all amounts due and owing to you from Applicant under or in connection with the L/C Documents and the Loan Documents.

  • Therefore, the CCF is defined as the percentage of the Undrawn Balance that is expected to be used before default occurs.

  • Undrawn Balance, Kochow Station.The Mission Council notes with appreciation that China Council has acted favorably on the request for the payment of the undrawn balance of Kochow Station.

  • After you receive the Unpaid and Undrawn Balance, you agree to pay to Applicant, upon termination of all of your liability under all the Credits, Demands and Acceptances, a sum equal to the amount which has not been drawn under all the Credits less all amounts due and owing to you from Applicant under or in connection with the L/C Documents and the Loan Documents.

  • After Bank receives the Unpaid and Undrawn Balance, Bank agrees to pay to Applicant, upon termination of all of Bank's liability under all the Credits and Demands, a sum equal to the amount which has not been drawn under all the Credits less all amounts due and owing to Bank from Applicant under or in connection with the L/C Documents and the Loan Documents.

  • Upon payment of the Unpaid and Undrawn Balance to Bank, Applicant shall have no further legal or equitable interest therein, and Bank will not be required to segregate on Bank's books or records the Unpaid and Undrawn Balance paid by Applicant.

  • The Borrower shall pay to the Agent for the account of the Lenders a commitment fee (the "Commitment Fee") equal to 0.50% per annum of the Average Undrawn Balance of the Commitment.

  • Applicant agrees that upon payment of the Unpaid and Undrawn Balance to Xxxxx Fargo Applicant shall have no further legal or equitable interest therein, and that Xxxxx Fargo will not be required to segregate on its books or records the Unpaid and Undrawn Balance paid by Applicant.

  • After Xxxxx Fargo receives the Unpaid and Undrawn Balance, Xxxxx Fargo agrees to pay to Applicant, upon termination of all of Xxxxx Fargo's liability under all the Credits, Demands and Acceptances, a sum equal to the amount which has not been drawn under all the Credits less all amounts due and owing to Xxxxx Fargo from Applicant under or in connection with the Letter of Credit Documents and the Loan Documents.

Related to Undrawn Balance

  • Undrawn Amount means, with respect to any Letter of Credit, at any time, the maximum amount available to be drawn under such Letter of Credit at such time and “Undrawn Amounts” means, at any time, the sum of all Undrawn Amounts at such time.

  • Outstanding Loan Balance means the principal amount of your full-time Direct Loans outstanding at any time, including any Canada Student Grant amount(s) converted to a Direct Loan, together with all interest on those amounts.

  • Aggregate Loan Balance At any date of determination, the outstanding principal balance of the Mortgage Loans serviced hereunder.

  • Loan Balance means, at any time, the outstanding principal balance of the Note at such time.

  • Aggregate Outstanding Loan Balance means on any day, the sum of the Outstanding Loan Balances of all Eligible Loans included as part of the Collateral on such date.

  • Aggregate Loan Group Balance As to any Loan Group and as of any date of determination, will be equal to the aggregate of the Stated Principal Balances of the Mortgage Loans in that Loan Group, except as otherwise provided, as of the last day of the related Collection Period.

  • Maximum Undrawn Amount means with respect to any outstanding Letter of Credit, the amount of such Letter of Credit that is or may become available to be drawn, including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective.

  • Undrawn Fee Rate For any VFN Class, the rate set forth or described in the related Indenture Supplement, if any. United States and U.S.: The United States of America.

  • Letter of Credit Undrawn Amounts means, at any time, the aggregate undrawn face amount of all Letters of Credit outstanding at such time.

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

  • 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.

  • Undrawn Availability at a particular date shall mean an amount equal to (a) the lesser of (i) the Formula Amount, or (ii) the Maximum Revolving Advance Amount, minus the Maximum Undrawn Amount of all Letters of Credit, minus (b) the sum of (i) the outstanding amount of Revolving Advances, plus (ii) amounts due and owing to any Borrower’s trade creditors which are outstanding sixty (60) days or more past the due date thereof.

  • Available Balance means, in relation to any Account, the aggregate of:

  • Aggregate Collateral Balance means, as at any Measurement Date, the amount equal to the aggregate of the following amounts, as at such Measurement Date:

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • In Balance means, on any occasion, that the amount of the undisbursed Construction Loan and undisbursed Limited Partner's Capital Contribution are sufficient in the Limited Partner's reasonable judgment to pay, through Completion of Construction and maturity of the Construction Loan, where applicable, all of the following sums: (a) all costs of construction, marketing, ownership, maintenance and leasing of the Apartment Housing units; and (b) all interest and all other sums accruing or payable under the Construction Loan documents.

  • Outstanding Balance of any Receivable at any time means the then outstanding principal balance thereof.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Aggregate Outstanding Principal Balance means, as of any date of determination, the sum of the Outstanding Principal Balances of each Class of Notes outstanding on such date.

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Unused Amount means the Maximum Line reduced by outstanding Revolving Advances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one-half of one percent (0.5%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

  • Outstanding Amount means the aggregate principal amount of all Notes, or Class of Notes, as applicable, Outstanding at the date of determination.

  • Aggregate Outstanding Amount With respect to any of the Notes as of any date, the aggregate unpaid principal amount of such Notes Outstanding on such date.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Undercollateralized Amount With respect any Certificate Group and Distribution Date, the excess of (i) the aggregate Certificate Principal Balance of such Certificate Group over (ii) the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group, in each case calculated on such Distribution Date after giving effect to distributions to be made thereon (other than amounts to be distributed pursuant to Section 4.02(i) on such Distribution Date).