Aggregate Collateral Balance definition

Aggregate Collateral Balance means, as at any Measurement Date, the amount equal to the aggregate of the following amounts, as at such Measurement Date:

Aggregate Collateral Balance. As of any date of determination will be equal to the Aggregate Loan Balance plus the amount, if any, then on deposit in the Pre-Funding Account.

Aggregate Collateral Balance. As of any date of determination will be equal to the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties owned by the Trust.

Examples of Aggregate Collateral Balance in a sentence

• The right to repurchase all Mortgage Loans and REO Properties pursuant to clause (a) above shall be conditioned upon the aggregate Stated Principal Balance of the Mortgage Loans and the appraised value of the REO Properties at the time of any such repurchase, aggregating less than ten percent of the Aggregate Collateral Balance as of the Cut-off Date.

• The Portfolio Profile Tests impose limits on the amount the Aggregate Collateral Balance of Collateral Debt Obligations that may comprise Participations.

• On any Distribution Date on which the sum of the aggregate Stated Principal Balance of the Mortgage Loans and the appraised value of the REO Properties at the time of repurchase is less than 10% of the sum of the Aggregate Collateral Balance of the Mortgage Loans, the Optional Termination Holder will have the option to repurchase, in whole, from the Trust Fund all remaining Mortgage Loans and REO Properties at a purchase price determined as provided in the Agreement.

• The Portfolio Profile Tests impose limits on the amount of Collateral Debt Obligations that may comprise Participations as a proportion of the Aggregate Collateral Balance.

• Any decrease in the yield on the Aggregate Collateral Balance will have the effect of reducing the amounts available to make distributions on the Notes which will adversely affect cash flows available to make payments on the Notes, especially the most junior Class or Classes of Notes.

More Definitions of Aggregate Collateral Balance

Aggregate Collateral Balance. With respect to any date of determination (other than the Closing Date), an amount equal to the aggregate Stated Principal Balance of the Mortgage Loans plus the amount, if any, then on deposit in the Prefunding Account. With respect to the Closing Date, an amount equal to the aggregate Stated Principal Balance of the Mortgage Loans as of the Initial Cut-off Date plus the amount on deposit in the Prefunding Account on the Initial Closing Date.

Aggregate Collateral Balance means, at any time, the sum of:

Aggregate Collateral Balance means on any date of determination, an amount equal to the sum of (a) the Aggregate Principal Amount of the Collateral Debt Obligations in the Trust Estate, (b) the aggregate Balance of Eligible Investments in the Trust Estate representing Collateral Principal Collections and (c) all Unused Proceeds of the issuance of the Notes that are not included in the foregoing clause (b).

Aggregate Collateral Balance. The sum of (without duplication) (i) the aggregate Principal Balance of Loan Obligations (excluding for purposes of this clause (i), for the avoidance of doubt, the then unfunded portion of any RDD Obligation), (ii) the sum of Cash and the aggregate Principal Balance of Eligible Investments held as Principal Proceeds, (iii) the sum of Cash and the aggregate Principal Balance of Eligible Investments held in the Unused Proceeds Account and (iv) the sum of cash and the aggregate Principal Balance of Eligible Investments held in the RDD Funding Account.

Aggregate Collateral Balance. The aggregate Principal Balance of (i) Collateral Debt Securities, (ii) Eligible Investments purchased with Principal Proceeds and (iii) Eligible Investments purchased with monies on deposit in the Unused Proceeds Account that have not been designated as Interest Proceeds by the Collateral Manager pursuant to Section 10.4(c).

Aggregate Collateral Balance means, at any time, the sum of: (a) the Assigned Value of all Collateral Loans (other than Ineligible Collateral Loans), plus (b) the aggregate unfunded commitments of all Delayed Drawdown Collateral Loans (other than Ineligible Collateral Loans) and Revolving Collateral Loans (other than Ineligible Collateral Loans).

Aggregate Collateral Balance means an amount equal to the sum of (i) the Aggregate Loan Balance and (ii) the Prefunding Loan Balance.