Unpaid and Undrawn Balance definition

Unpaid and Undrawn Balance means -------------------------- at any time the entire amount which has not been paid by you under all the Credits issued for Applicant's account, including, without limitation, the amount of each Demand on which you have not yet effected payment as well as the amount undrawn under all such Credits. "Wells Fargo & Company" means Wells Fargo --------------------- & Company, a Delaware corporation.
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Unpaid and Undrawn Balance means at any time the entire amount which has not been paid by you under all the Credits issued for Applicant's account, including, without limitation, the amount of each Demand on which you have not yet effected payment as well as the amount undrawn under all such Credits. "WELLX XXXGO & COMPANY" means Wellx Xxxgo & Company, a Delaware corporation.
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Unpaid and Undrawn Balance means, at any time, the entire amount that has not been paid by Bank under all the Letters of Credit issued for Borrower's account, including, without limitation, the amount of each draft on which Bank has not yet effected payment as well as the amount undrawn under all such Letters of Credit. Each drawing paid under a Letter of Credit after maturity of the Line of Credit shall be reimbursed to Bank by a draw under the Line of Credit or by a debit to the Cash Collateral Account, unless Borrower immediately pays such amount to Bank by other means. Bank is authorized to debit the Cash Collateral Account and apply such funds to repay to Bank amounts drawn under Letters of Credit and any related fees, if such amounts are not otherwise paid to Bank. Bank shall release portions of the Cash Collateral to Borrower as Letters of Credit expire and the Unpaid and Undrawn Balance diminishes, unless for any reason any indebtedness to Bank remains unpaid or any potential liability of Bank relating to Letters of Credit issued in connection with the Line of Credit remains outstanding, in which case Bank may continue to hold such funds and the Cash Collateral Account to secure such indebtedness and liabilities."
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Examples of Unpaid and 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.

  • 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.

  • 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.

  • 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.

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

  • 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 each Credit and Demand, a sum equal to the amount which has not been drawn under the Credit less all amounts due and owing to Xxxxx Fargo from Applicant under or in connection with the L/C Documents and the Loan Documents.

  • This means that evidence of your interest in the structured products, and the efficiency of the ultimate payment of any cash settlement amount will be governed by the CCASS Rules.

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


More Definitions of Unpaid and Undrawn Balance

Unpaid and Undrawn Balance means at any time the entire amount which has not been paid by Bank under all the Credits issued for Applicant's account, including, without limitation, the amount of each Demand on which Bank has not yet effected payment as well as the amount undrawn under all such Credits.
Sample 1
Unpaid and Undrawn Balance means at any time the entire amount which has not been paid by you under all the Credits issued for Applicant's account, including, without limitation, the amount of each Demand on which you have not yet effected payment as well as the amount undrawn under all such Credits. "XXXXX FARGO & COMPANY" means Xxxxx Fargo & Company, a Delaware corporation. SECTION 2. HONORING DEMANDS AND DOCUMENTS. You may receive, accept and honor, as complying with the terms of any Credit, any Demand and any Documents accompanying such Demand; provided, however, that such Demand and accompanying Documents appear on their face to comply substantially with the provisions of such Credit and are, or appear on their face to be, signed or issued by (a) a person or entity authorized under such Credit to draw, sign or issue such Demand and accompanying Documents, or (b) an administrator, executor, trustee in bankruptcy, debtor in possession, assignee for the benefit of creditors, liquidator, receiver or other legal representative or successor in interest by operation of law of any such person or entity. SECTION 3.
Sample 1
Unpaid and Undrawn Balance means at any time and from time to time the entire amount which has not been paid by Xxxxx Fargo under all the Credits issued for the account of Applicant, including, but not limited to, the amount of each Demand and Acceptance on which Xxxxx Fargo has not yet effected payment as well as the amount undrawn under all such Credits. "Xxxxx Fargo" shall mean Xxxxx Fargo Bank, National Association, a national banking association.
Sample 1
Unpaid and Undrawn Balance means at any time the entire amount which has not been paid by Xxxxx Fargo under all the Credits issued for Applicant's account, including, without limitation, the amount of each Demand on which Xxxxx Fargo has not yet effected payment as well as the amount undrawn under all such Credits. “Xxxxx Fargo” means Xxxxx Fargo Bank, National Association and all of its branches and letter of credit issuing affiliates, whether located in or outside the United States. "Xxxxx Fargo & Company" means Xxxxx Fargo & Company, a Delaware corporation. Terms used, but not defined, in this Agreement will, if defined in the Uniform Commercial Code of the Jurisdiction, have the same meaning as given in that Uniform Commercial Code as amended from time to time.
Sample 1
Unpaid and Undrawn Balance means, at any time, the entire amount that has not been paid by Bank under all the Letters of Credit issued for Borrower's account, including, without limitation, the amount of each draft on which Bank has not yet effected payment as well as the amount undrawn under all such Letters of Credit.
Sample 1

Related to Unpaid and 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.

  • 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.

  • 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.

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

  • 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.

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

  • 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.

  • Applicable Unused Line Fee Percentage means, as of any date of determination, the applicable percentage set forth in the following table that corresponds to the Average Revolver Usage of Borrowers for the most recently completed month as determined by Agent in its Permitted Discretion; provided, that for the period from the Closing Date through and including February 28, 2015, the Applicable Unused Line Fee Percentage shall be set at the rate in the row styled "Level II"; provided further, that any time an Event of Default has occurred and is continuing, the Applicable Unused Line Fee Percentage shall be set at the margin in the row styled "Level II": Level Average Revolver Usage Applicable Unused Line Fee Percentage I > 50% of the Maximum Revolver Amount 0.25 percentage points II < 50% of the Maximum Revolver Amount 0.375 percentage points The Applicable Unused Line Fee Percentage shall be re-determined on the first date of each fiscal month of Borrowers by Agent.

  • Applicable Facility Fee Rate means, at any time, the percentage rate per annum at which Facility Fees are accruing on the Aggregate Commitment (without regard to usage) at such time as set forth in the Pricing Schedule.

  • Applicable Letter of Credit Fee Rate means the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Letter of Credit Fee.”

  • Aggregate Maximum Credit Amounts at any time shall equal the sum of the Maximum Credit Amounts, as the same may be reduced or terminated pursuant to Section 2.06.

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

  • Applicable Unused Line Fee Margin means the per annum fee, from time to time in effect, payable in respect of Borrowers’ non-use of committed funds pursuant to Section 1.9(b), which fee is determined by reference to Section 1.5(a).

  • Daily Balance means, as of any date of determination and with respect to any Obligation, the amount of such Obligation owed at the end of such day.

  • Original Class A Percentage The Class A Percentage as of the Cut-Off Date, as set forth in Section 11.04.

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

  • Letter of Credit Fee has the meaning specified in Section 2.03(h).

  • Letter of Credit Fee Rate means, at any time, the percentage rate per annum applicable to Letter of Credit Fees at such time as set forth in the Pricing Schedule.

  • 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.

  • Broken Amount means, in respect of any Interest Payment Date, the amount specified in the relevant Final Terms.

  • Letter of Credit Fees shall have the meaning set forth in Section 3.2.

  • 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 Revolving Amount means $10,000,000.