Aggregate Scheduled Balance definition

Aggregate Scheduled Balance means, with respect to any Distribution Date and the Outstanding Contracts, the aggregate of the Scheduled Balances of such Contracts as of the end of the Due Period immediately preceding such Distribution Date.
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Aggregate Scheduled Balance. With respect to any group of Scheduled Principal Classes or Components and any Distribution Date, the amount set forth for such group for such Distribution Date in Schedule V hereto.
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Aggregate Scheduled Balance. With respect to the Aggregate Scheduled Certificates and any Distribution Date, the balance shown in the scheduled principal balance table for related group of Aggregate Scheduled Certificates set forth in Schedule III hereto with respect to such Distribution Date.
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Examples of Aggregate Scheduled Balance in a sentence

  • As provided in the Indenture, the Notes may be redeemed pursuant to the Indenture, in whole, but not in part, at the option of the Seller, on any Distribution Date as of which the Aggregate Scheduled Balance is less than or equal to 5% of the Cut-Off Date Aggregate Scheduled Balance.

  • Cumulative Net Loss The "Aggregate Net Losses" for all loans liquidated in securitization (since inception) divided by Aggregate Scheduled Balance of all loans in pool as of the pool cut-off date.

  • The Seller may at its option purchase the Trust Estate at a price specified in the Sale and Servicing Agreement, and such purchase of the Contracts and other property of the Trust will effect early retirement of the Trust Certificates; however, such right of purchase is exercisable only as of any Distribution Date as of which the Aggregate Scheduled Balance is less than or equal to 5% of the Cut-Off Date Aggregate Scheduled Balance.

  • As provided in the Sale and Servicing Agreement, the Notes may be partially prepaid, at the option of the holder of the Certificate, on any Distribution Date as of which the sum of the Scheduled Balances of the Contracts is less than or equal to 20% of the Cut-Off Date Aggregate Scheduled Balance.

  • No more than _____% of the Contracts by Cut-Off Date Aggregate Scheduled Balance were originated by WFS or the Bank in California, and not more than _____% of the Contracts by Cut-Off Date Aggregate Scheduled Balance were originated in a state other than California.

  • The ABS Table also assumes that the Contracts have been aggregated into hypothetical pools with all of the Contracts within each such pool having the following characteristics and that the level scheduled payment for each of the pools (which is based on the Aggregate Scheduled Balance, APR, original term to maturity and remaining term to maturity as of the assumed Cut-Off Date) will be such that each pool will be fully amortized by the end of its remaining term to maturity.

  • Most of the Contracts were purchased by WFS; however, a limited number of Contracts, no more than 4% of the Cut-Off Date Aggregate Scheduled Balance, are installment loans originated by WFS directly to consumers or by other independent auto finance companies which loans were then sold to WFS.

  • As provided in the Indenture, the Notes may be redeemed pursuant to the Indenture, in whole, but not in part, at the option of either Seller, on any Distribution Date as of which the Aggregate Scheduled Balance is less than or equal to 10% of the Cut-Off Date Aggregate Scheduled Balance.

  • WFSRC may at WFSRC's option purchase the WFSRC Contracts at a price specified in the Sale and Servicing Agreement; however, such right of purchase is exercisable only as of any Distribution Date as of which the Aggregate Scheduled Balance is less than or equal to 20% of the Cut-Off Date Aggregate Scheduled Balance.

  • One pool containing Contracts representing approximately 100% of the Cut-Off Date Aggregate Scheduled Balance will be sold and assigned by WFAL to WFSRC and on the Closing Date will be transferred and assigned by WFSRC to the Trust.

Related to Aggregate Scheduled Balance

  • Scheduled Balance Not applicable.

  • Scheduled Balances Not applicable.

  • Unpaid Balance of any Receivable means at any time the unpaid principal amount thereof.

  • Aggregate Targeted Balance With respect to any group of Targeted Principal Classes or Components and any Distribution Date, the amount set forth for such group for such Distribution Date in Schedule V hereto.

  • Planned Balance With respect to any group of Planned Principal Classes or Components in the aggregate and any Distribution Date appearing in Schedule V hereto, the Aggregate Planned Balance for such group and Distribution Date. With respect to any other Planned Principal Class or Component and any Distribution Date appearing in Schedule V hereto, the applicable amount appearing opposite such Distribution Date for such Class or Component.

  • Aggregate Planned Balance With respect to any group of Planned Principal Classes or Components and any Distribution Date, the amount set forth for such group for such Distribution Date in Schedule V hereto.

  • Assumed Balance With respect to any Distribution Date, Class of Subordinated Certificates and Loan Group, each such Class' pro rata interest (based on their respective Class Certificate Balances) in such Loan Group equal to the product of the Subordinated Percentage for such Loan Group as of such Distribution Date and the aggregate Stated Principal Balance of each Mortgage Loan in such Loan Group as of the Due Date occurring in the month preceding the month of such Distribution Date (after giving effect to Principal Prepayments received in the Prepayment Period related to such prior Due Date).

  • Scheduled Amount means the Day-Ahead Schedule comprised of the quantity (in MWh) of electric energy expected to be produced by the Generating Facility that is scheduled from Seller or Seller’s Scheduling Coordinator to Buyer in a Physical Trade in the IFM.

  • Fund balance is the value of the Accumulation Fund, determined pursuant to Section 1.4.

  • Targeted Balance With respect to any group of Targeted Principal Classes or Components in the aggregate and any Distribution Date appearing in Schedule V hereto, the Aggregate Targeted Balance for such group and Distribution Date. With respect to any other Targeted Principal Class or Component and any Distribution Date appearing in Schedule V hereto, the applicable amount appearing opposite such Distribution Date for such Class or Component.

  • Aggregate Loan Group Balance As to any Loan Group and as of any date of determination, will be equal to the aggregate of the Stated Principal Balances of the Mortgage Loans in that Loan Group, except as otherwise provided, as of the last day of the related Collection Period.

  • Principal Balance Schedules Not applicable.

  • Required Balance has the meaning set forth in the Reinsurance Agreement.

  • Minimum Balance means, at any time, an amount that equals the product of: (a) the average Borrowing Base (or, if less on any given day, the Revolving Loan Commitment) during the immediately preceding month multiplied by (b) the Minimum Balance Percentage for such month.

  • Specified Reserve Fund Balance means, on the Closing Date $3,846,153.85, and with respect to any Payment Date 0.25% of the initial aggregate principal balance of the Receivables as of the Cutoff Date.

  • New Balance This means the total outstanding balance on your account. It will be listed on each statement as the “New Balance”.

  • Original Balance means, with respect to any Receivable coming into existence after the Initial Cutoff Date, the Outstanding Balance of such Receivable on the date it was created.

  • Loan Group Balance As to each Loan Group, the aggregate of the Stated Principal Balances of the Mortgage Loans in such Loan Group that were Outstanding Mortgage Loans at the time of determination.

  • Maximum Contract Value means the amount specified in the "Limitation of Expenditure" clause set out in the Contract; and

  • Aggregate Funded Spread As of any Measurement Date, the sum of: (a) in the case of each Floating Rate Obligation (other than a Defaulted Obligation) that bears interest at a spread over a reference rate based index that is a Benchmark-based Index or is the same as the then-current Benchmark applicable to the Floating Rate Notes (including, for any Permitted Deferrable Obligation, only the excess of the required current cash pay interest required by the Underlying Documents thereon over the applicable index and excluding the unfunded portion of any Delayed Drawdown Collateral Obligation and Revolving Collateral Obligation), (i) the stated interest rate spread paid in Cash on such Collateral Obligation above such index multiplied by (ii) the Principal Balance of such Collateral Obligation; provided that (i) with respect to any Floor Obligation, the stated interest rate spread paid in Cash on such Collateral Obligation over the applicable index shall be deemed to be equal to the sum of (x) the stated interest rate spread paid in Cash over the applicable index and (y) the excess, if any, of the specified “floor” rate relating to such Collateral Obligation over the greater of zero and the applicable index and (ii) the interest rate of each Step-Up Obligation will be deemed to be its current rate of interest and the interest rate of each Step-Down Obligation will be deemed to be the lowest rate of interest that such Collateral Obligation will by its terms pay in the future solely as a function of the passage of time; and (b) in the case of each Floating Rate Obligation (including, for any Permitted Deferrable Obligation, only the required current cash pay interest required by the Underlying Documents thereon and excluding the unfunded portion of any Delayed Drawdown Collateral Obligation and Revolving Collateral Obligation) that bears interest at a spread over an index other than a reference rate based index that is a Benchmark-based Index or is the same as the then-current Benchmark applicable to the Floating Rate Notes, (i) the excess of (x) the sum of such spread and the greater of such index or any applicable floor paid in Cash over (y) the Benchmark applicable to the Floating Rate Notes as of the immediately preceding Interest Determination Date (which spread or excess may be expressed as a negative percentage) multiplied by (ii) the Principal Balance of each such Collateral Obligation.

  • Class Balance With respect to any Class of Certificates, at any time, the aggregate of the Certificate Balances of all Outstanding Certificates of such Class.

  • Unobligated balance means the portion of the funds authorized by the Federal awarding agency that has not been obligated by the recipient and is determined by deducting the cumu- lative obligations from the cumulative funds authorized.

  • Scheduled Valuation Date means any original date that, but for the occurrence of an event causing a Disrupted Day, would have been a Valuation Date.

  • Payahead Balance means, for a Lease: