Unit Balance definition

Unit Balance means, with respect to any New Fixed Rate Lease, as of any date of determination, the Lease Balance of such New Fixed Rate Lease as of such date, plus, in the case of a Closed-End Lease, the Stated Residual Value of the related Leased Vehicle.
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Unit Balance means the portion of the Aggregate Loan Balance that is attributable to a specific Secured Rental Unit. At any time, the sum of the Unit Balances for all Secured Rental Units shall equal the Aggregate Loan Balance.
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Examples of Unit Balance in a sentence

  • A periodic fee (the “Series 2010-1 Administrator Fee”) shall be payable to the Administrator on each Payment Date for the preceding Monthly Period in an amount equal to the product of (a) 0.01% times (b) the daily average of the Series 2010-1 Allocated Adjusted Aggregate Unit Balance for such Monthly Period times (c) the number of days in such Monthly Period divided by 365 (or 366, as applicable) days.

  • On the Termination Date, with respect to each Unit Lessee shall pay to Lessor the Unit Balance for the Unit computed as of such date and any Other Charges required hereunder.

  • A periodic servicing fee (the "Series 1999-2 Servicing Fee") shall be payable to the Servicer on each Payment Date for the preceding Monthly Period in an amount equal to the product of (a) 0.215% per annum (the "Series Servicing Fee Percentage") times (b) the Series 1999-2 Allocated Adjusted Aggregate Unit Balance as of the first day of such Monthly Period times (c) the number of days in such Monthly Period DIVIDED by 365 (or 366, as applicable) days.

  • A periodic fee (the "Series 2001-1 Administrator Fee") shall be payable to the Administrator on each Payment Date for the preceding Monthly Period in an amount equal to the product of (a) 0.01% per annum times (b) the Series 2001-1 Allocated Adjusted Aggregate Unit Balance as of the first day of such Monthly Period times (c) the number of days in such Monthly Period divided by 365 (or 366, as applicable) days.

  • If Lessee has elected to pay the Functional Unit Balance and an amount equal to the applicable Make-Whole Premium pursuant to clause (a) above, Lessee shall continue to make all payments of Rent due hereunder in respect of the Functional Unit or Units suffering a Casualty through the date the Functional Unit Balance and the applicable Make-Whole Premium are paid.

  • A periodic fee (the “Series 2009-4 Administrator Fee”) shall be payable to the Administrator on each Settlement Date for the preceding Monthly Period in an amount equal to the product of (a) 0.01% times (b) the daily average of the Series 2009-4 Allocated Adjusted Aggregate Unit Balance for such Monthly Period times (c) the number of days in such Monthly Period divided by 365 (or 366, as applicable) days.

  • A periodic fee (the "SERIES 1999-2 ADMINISTRATOR FEE") shall be payable to the Administrator on each Payment Date for the preceding Monthly Period in an amount equal to the product of (a) 0.01% per annum times (b) the Series 1999-2 Allocated Adjusted Aggregate Unit Balance as of the first day of such Monthly Period times (c) the number of days in such Monthly Period DIVIDED by 365 (or 366, as applicable) days.

  • A periodic fee (the “Series 2011-1 Administrator Fee”) shall be payable to the Administrator on each Payment Date for the preceding Monthly Period in an amount equal to the product of (a) 0.01% times (b) the daily average of the Series 2011-1 Allocated Adjusted Aggregate Unit Balance for such Monthly Period times (c) the number of days in such Monthly Period divided by 365 (or 366, as applicable) days.

  • A periodic fee (the “Series 2003-2 Administrator Fee”) shall be payable to the Administrator on each Payment Date for the Series 2003-2 Interest Period ending on such Payment Date in an amount equal to the product of (a) 0.01% times (b) the Series 2003-2 Allocated Adjusted Aggregate Unit Balance as of the first day of the immediately preceding Monthly Period times (c) the number of days in such Series 2003-2 Interest Period divided by 365 (or 366, as applicable) days.

  • A periodic fee (the “Series 2011-2 Administrator Fee”) shall be payable to the Administrator on each Settlement Date for the preceding Monthly Period in an amount equal to the product of (a) 0.01% times (b) the daily average of the Series 2011-2 Allocated Adjusted Aggregate Unit Balance for such Monthly Period times (c) the number of days in such Monthly Period divided by 365 (or 366, as applicable) days.

Related to Unit Balance

  • Target Balance has the meaning set forth in Section 6.1I(1) hereof.

  • Debit Balance means, as of any date, the dollar amount, if any, representing each of: (1) the aggregate Annual Charge, accrued in accordance with Section 3.4(g)(i); and (2) any Leveraged Principal Amount (together with any pro rata Interest Amounts determined in accordance with Section 3.4(g)(ii), if applicable), as reduced by any distributions recorded from ML Ventures Units recorded in a Participant’s Account in accordance with Section 3.4(e).

  • Component Balance With respect to any Component and any Distribution Date, the Initial Component Balance thereof on the Closing Date, (A) plus any increase in the Component Balance of such Component pursuant to Section 4.02 due to the receipt of Subsequent Recoveries, (B) minus the sum of all amounts applied in reduction of the principal balance of such Component and Realized Losses allocated thereto on previous Distribution Dates.

  • Current Balance in relation to a Loan at any relevant date, means the aggregate principal balance of the Loan at such date (but avoiding double counting) including the following:

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