NET TERM POOL BALANCE Sample Clauses

The Net Term Pool Balance clause defines how the outstanding balance of a pool of receivables or loans is calculated after accounting for payments, adjustments, and any applicable deductions. In practice, this clause specifies the method for determining the net amount owed at any given time, often by subtracting repayments, charge-offs, or other credits from the gross balance of the pool. Its core function is to provide a clear and consistent basis for tracking the true value of the pool, ensuring transparency and accuracy in financial reporting and risk assessment.
NET TERM POOL BALANCE. The term “Net Term Pool Balance” shall have the meaning given to that term in the Fee Letter.
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Related to NET TERM POOL BALANCE

  • Remaining Principal Balance At the Cutoff Date the Principal Balance of each Receivable set forth in the Schedule of Receivables is true and accurate in all material respects.

  • Original Class B Principal Balance The Original Class B Principal Balance is $7,500,485.88.

  • Negative Capital Accounts No Member shall be required to pay to any other Member or the Company any deficit or negative balance which may exist from time to time in such Member’s Capital Account (including upon and after dissolution of the Company).

  • Outstanding Principal Balance Each Receivable has an outstanding principal balance of at least $500.

  • Allocation of Applied Realized Loss Amounts Any Applied Realized Loss Amounts shall be allocated by the Trustee to the most junior Class of Subordinated Certificates then Outstanding in reduction of the Class Certificate Balance thereof.