Adjusted Current Balance definition

Adjusted Current Balance has the meaning ascribed thereto in the Asset Monitoring Agreement.
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Adjusted Current Balance means at any time, in relation to any Mortgage, the sum of: (a) the Maximum Principal Balance of such Mortgage; (b) any Mandatory Further Advance granted in respect of such Mortgage but not yet funded by the Issuer; and (c) any Discretionary Further Advances funded by the Issuer since the Closing Date.
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Adjusted Current Balance has the meaning ascribed thereto in Schedule 2 of the Asset Monitoring Agreement;
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Examples of Adjusted Current Balance in a sentence

  • A(i) is the sum of the Adjusted Current Balance of each loan, which is the lower of (1) the actual Current Balance or (2) 60% of the Indexed Valuation minus, in each case the Aggregate Current Balance of deemed reductions; A(ii) is the aggregate Current Balance of each loan (less deemed reductions) multiplied by the Asset Percentage.

  • Adjusted Current Balance means the Current Balance of any Mortgage Loan as at any given date less any Portfolio Expenses incurred in relation to that Mortgage Loan and charged to the relevant Borrower's account as at that date.

  • Adjusted Current Balance of each loan in the portfolio which is (1) the lower of the actual current balance of each relevant loan and (2) 60 per cent.

  • We submit that the actual rights and expectations of all parties would be best preserved by fully maintaining the existing protection.

  • However, the Asset Coverage Test takes into account the amount held on deposit in such designated offset account, with the effect that credit is only given for an amount equal to the Adjusted Current Balance of the relevant Loan or, as applicable, the Arrears Adjusted Current Balance of the relevant Loan, less amounts standing to the credit of any Offset Accounts.

Related to Adjusted Current Balance

  • 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:

  • Parent Balance Sheet shall have the meaning assigned to such term in Section 5.13 hereof.

  • Consolidated Current Assets at any date, all amounts (other than cash and Cash Equivalents) that would, in conformity with GAAP, be set forth opposite the caption “total current assets” (or any like caption) on a consolidated balance sheet of the Borrower and its Subsidiaries at such date.

  • Adjusted Capital Account means the Capital Account maintained for each Partner as of the end of each Fiscal Year (i) increased by any amounts which such Partner is obligated to restore pursuant to any provision of this Agreement or is deemed to be obligated to restore pursuant to the penultimate sentences of Regulations Sections 1.704-2(g)(1) and 1.704-2(i)(5) and (ii) decreased by the items described in Regulations Sections 1.704-1(b)(2)(ii)(d)(4), 1.704-1(b)(2)(ii)(d)(5) and 1.704-1(b)(2)(ii)(d)(6). The foregoing definition of Adjusted Capital Account is intended to comply with the provisions of Regulations Section 1.704-1(b)(2)(ii)(d) and shall be interpreted consistently therewith.

  • Consolidated Current Liabilities means, as at any date of determination, the total liabilities of Borrower and its Subsidiaries on a consolidated basis that may properly be classified as current liabilities in conformity with GAAP, excluding the current portion of long term debt.