Asset Balance definition

Asset Balance means, for any Payment Date, the Pool Balance as of the beginning of the current Collection Period.
Asset Balance on any day for any Mortgage Loan other than a liquidated mortgage loan means its Cut-off Date Asset Balance, plus (i) any Additional Balance for the Mortgage Loan, minus (ii) all collections credited as principal against the Asset Balance of the Mortgage Loan in accordance with the related Credit Line Agreement. A liquidated mortgage loan is any Mortgage Loan that as of the end of the related Collection Period the Master Servicer has determined in accordance with the servicing standards in the Sale and Servicing Agreement that all liquidation proceeds that it expects to recover on the Mortgage Loan or the related Mortgaged Property have been recovered.
Asset Balance. On any day for any Mortgage Loan, other than a liquidated Mortgage Loan, the total unpaid outstanding principal balance of such Mortgage Loan on such date.

Examples of Asset Balance in a sentence

  • Customer can view Customer’s prior Custody Statements, current Asset Balance, and other account information at any time through the Custody Interface.


More Definitions of Asset Balance

Asset Balance means, for any Payment Date, the sum of the Pool Balance and any amounts on deposit in the Pre-Funding Account, in each case as of the beginning of the current Collection Period. For purposes of the calculation of any amount on deposit in the Pre-Funding Account, any amount in the Pre-Funding Account that is to be paid as principal on the Notes on the Payment Date falling in that Collection Period in connection with the end of the Pre-Funding Period shall be deemed to have been withdrawn from the Pre-Funding Account as of the end of the immediately preceding Collection Period.
Asset Balance on any day for any Mortgage Loan other than a Liquidated Mortgage Loan means its Cut-off Date Asset Balance, plus any Additional Balance for the Mortgage Loan, minus all collections credited as principal against the Asset Balance of the Mortgage Loan in accordance with the related Credit Line Agreement.
Asset Balance means, for any payment date, the Pool Balance, in each case as of the beginning of the current Collection Period.
Asset Balance. With respect to any Mortgage Loan, other than a Liquidated Mortgage Loan, and as of any day, the related Cut-off Date Asset Balance or Deposit Date Asset Balance, [plus (i) any Additional Balances in respect of such Mortgage Loan conveyed to the Issuer,] minus [(ii)] all collections credited as principal in respect of any such Mortgage Loan in accordance with the related Loan Agreement (except for any such collections that are allocable to the Excluded Amount) and applied in reduction of the Asset Balance thereof. For purposes of this definition, a Liquidated Mortgage Loan shall be deemed to have an Asset Balance equal to the Asset Balance of the related Mortgage Loan immediately prior to the final recovery of all related Liquidation Proceeds and an Asset Balance of zero thereafter.
Asset Balance. With respect to any Distribution Date, the sum of the Pool Balance for such date and the Underlying Securities Balance for such date.
Asset Balance. As to any Mortgage Loan, other than a Liquidated Mortgage Loan, and day, the related Cut-off Date Asset Balance, plus (i) any Additional Balance in respect of such Mortgage Loan, minus (ii) all collections credited as principal against the Asset Balance of any such Mortgage Loan in accordance with the related Credit Line Agreement. For purposes of this definition, a Liquidated Mortgage Loan shall be deemed to have an Asset Balance equal to the Asset Balance of the related Mortgage Loan immediately prior to the final recovery of related Liquidation Proceeds and an Asset Balance of zero thereafter.
Asset Balance means, with respect to any Distribution Date, an amount equal to: PB + CI - R Where: CI = the amount on deposit in the Cash Capitalization Account on the last day of the related Collection Period less the excess for that Distribution Date of (i) interest due on the Notes plus any Primary Servicing Fees, Administration Fees, any Swap Payments owed to the Swap Counterparty by the Trust and any Swap Termination Payments owed by the Trust to a Swap Counterparty which are pari passu with interest payments on the Class A Notes due, over (ii) Available Funds on deposit in the Collection Account. In no case shall CI be less than zero; PB = the Pool Balance as of the last day of the related Collection Period; and R = the amount to be released from the Cash Capitalization Account pursuant to section 2.08(a)(viii), (ix) and (x) of the Administration Agreement. provided, however, that as of the Closing Date, the Asset Balance shall equal $1,205,435,486 and that, for all Distribution Dates occurring on or after the December 2010 Distribution Date, the Asset Balance will be equal to the Pool Balance as of the last day of the related Collection Period.