Aggregate Lease Balance definition
Aggregate Lease Balance means, as of any date of determination during an Accrual Period, an amount equal to the sum of the Lease Balances of each Eligible Lease allocated to the Lease SUBI Portfolio as of the last day of the Monthly Period immediately preceding the first day of such Accrual Period.
Aggregate Lease Balance means, as of any date, the sum of the Lease Balances on such date for each and every Leased Property.
Examples of Aggregate Lease Balance in a sentence
SPV will maintain a minimum net worth equal to at least 4% of the Aggregate Lease Balance.
The Lessee shall keep accurate records of all Acquisition Costs and Lease Balances, including copies of all relevant invoices and evidence of payment thereof, with sufficient detail to show each Leased Property to which the Aggregate Lease Balance has been allocated.