Assumed Balance definition

Assumed Balance. With respect to any Distribution Date, Class of Subordinated Certificates and Loan Group, each such Class' pro rata interest (based on their respective Class Certificate Balances) in such Loan Group equal to the product of the Subordinated Percentage for such Loan Group as of such Distribution Date and the aggregate Stated Principal Balance of each Mortgage Loan in such Loan Group as of the Due Date occurring in the month preceding the month of such Distribution Date (after giving effect to Principal Prepayments received in the Prepayment Period related to such prior Due Date).
Assumed Balance. For a Distribution Date and Loan Group, an amount equal to the Subordinated Percentage for that Distribution Date relating to that Loan Group of the aggregate of the applicable Non-PO Percentage of the Stated Principal Balance of each Mortgage Loan in such Loan Group as of the Due Date occurring in the month prior to the month of that Distribution Date (after giving effect to Principal Prepayments received in the Prepayment Period related to such Due Date).
Assumed Balance. With respect to any Distribution Date, Class of Subordinated Certificates and Collateral Allocation Group, each such Class' pro rata interest (based on their respective Class Principal Balances) in such Collateral Allocation Group equal to the product of the Subordinated Percentage for such Collateral Allocation Group as of such Distribution Date and the aggregate of the applicable Non-A-P Percentage of the Stated Principal Balance of each Mortgage Loan or Applicable Fraction thereof in such Collateral Allocation Group as of the Due Date occurring in the month preceding the month of such Distribution Date (after giving effect to Principal Prepayments received in the related Prepayment Period).

Examples of Assumed Balance in a sentence

  • Purchaser's payment or reimbursement of expenses covered by Seller's reserves or allowances which are Assumed Balance Sheet Liabilities shall not be construed as any indication whatsoever that Purchaser has assumed liability for Sellers' debts, liabilities or administrative responsibility, either for the specific class covered by such reserve or in general, beyond the amount of the recorded reserve except as such are themselves assumed specifically as Assumed Liabilities.

  • To the extent such reserves or allowances are assumed as Assumed Balance Sheet Liabilities, Purchaser shall be obligated to make payments or reimbursements to or on behalf of Sellers for amounts recorded on the Closing ED Balance Sheet as reserves or allowances for anticipated expenses or liabilities.

  • Therefore, within thirty (30) days following the Effective Date, Seller shall deliver to Buyer a schedule (the “Supplemental Schedule”) updating the listings, documents and materials provided for in each of (a) Schedule 1.1(E) pertaining to Receivables, and (b) Schedule 2.2(A)(1) pertaining to Assumed Balance Sheet Liabilities.

  • For purposes hereof "Purchase Price" shall mean the sum of the Assumed Balance Sheet Liabilities and the consideration paid pursuant to Sections 3.1, 3.2 and 3.3 hereof.

  • The consideration for the Purchased Assets shall consist of the following: (i) Buyer's assumption of the Assumed Balance Sheet Liabilities, (ii) payment of the consideration payable at Closing as set forth in Section 3.1 below (the "Closing Payment"), as such may be subsequently adjusted pursuant to Section 3.2 below, and (iii) the consideration payable, if any, following the Closing as set forth in Section 3.3 below (the "Earn-Out").


More Definitions of Assumed Balance

Assumed Balance. With respect to any Distribution Date, Class of Group C-B Certificates and Loan Group 2 or Loan Group 3, each such Class' pro rata interest (based on their respective Class Certificate Balances) in such Loan Group equal to the product of the Subordinated Percentage for such Loan Group as of such Distribution Date and the aggregate of the applicable Non-PO Percentage of the Stated Principal Balance of each Mortgage Loan in such Loan Group as of the Due Date occurring in the month of such Distribution Date.
Assumed Balance. Not applicable.
Assumed Balance. For a Distribution Date and Loan Group in Aggregate Loan Group II, the Group II Subordinated Percentage for that Distribution Date and Loan Group in Aggregate Loan Group II of the aggregate of the Non-PO Percentage of the Stated Principal Balance of each Mortgage Loan in that Loan Group in Aggregate Loan Group II as of the Due Date occurring in the month prior to the month of that Distribution Date (after giving effect to Principal Prepayments received in the Prepayment Period related to such Due Date).
Assumed Balance. For a Distribution Date and Collateral Allocation Group, the Subordinated Percentage for that Distribution Date for that Collateral Allocation Group of the aggregate of the Non-PO Percentage of the Applicable Fraction of the Stated Principal Balance of each related Mortgage Loan as of the Due Date occurring in the month prior to the month of that Distribution Date (after giving effect to Principal Prepayments received in the Prepayment Period related to such Due Date).
Assumed Balance. For a Distribution Date and Loan Group, the Subordinated Percentage for that Distribution Date and that Loan Group of the aggregate of (x) in the case of Loan Group 1, the Non-PO Percentage of the Stated Principal Balance of each Group 1 Mortgage Loan as of the Due Date occurring in the month prior to the month of that Distribution Date (after giving effect to Principal Prepayments received in the Prepayment Period related to such Due Date) and (y) in the case of Loan Group 2, the Stated Principal Balance of each Mortgage Loan in that Loan Group as of the Due Date occurring in the month prior to the month of that Distribution Date (after giving effect to Principal Prepayments received in the Prepayment Period related to such Due Date).
Assumed Balance. For a Distribution Date and (x) Collateral Allocation Group 1, the Subordinated Percentage for that Distribution Date relating to Collateral Allocation Group 1 of the aggregate of the Non-PO Percentage of the Applicable Fraction for Collateral Loan Group 1 of the Stated Principal Balance of each Mortgage Loan as of the Due Date occurring in the month prior to the month of that Distribution Date (after giving effect to Principal Prepayments received in the Prepayment Period related to such Due Date) and (y) Collateral Allocation Group 2, the Subordinated Percentage for the Distribution Date relating to Collateral Allocation Group 2 of the Applicable Fraction for Collateral Allocation Group 2 of the Stated Principal Balance of each Mortgage Loan as of the Due Date occurring in the month prior to the month of that Distribution Date (after giving effect to Principal Prepayments received in the Prepayment Period related to such Due Date).
Assumed Balance. With respect to any Distribution Date, Class of Group II Subordinated Certificates and Loan Group in Aggregate Loan Group II, the product of the Group II Subordinated Percentage for such Loan Group as of such Distribution Date and the aggregate Stated Principal Balance of the Mortgage Loans in such Loan Group as of the Due Date occurring in the month preceding the month of such Distribution Date (after giving effect to Principal Prepayments received in the Prepayment Period related to such prior Due Date).