Examples of Amortisation Test Aggregate Asset Amount in a sentence
If a Mortgage Receivable was in breach of the Mortgage Receivables Warranties as at its Transfer Date, it will be excluded when calculating the Adjusted Aggregate Asset Amount under the Asset Cover Test and the Amortisation Test Aggregate Asset Amount under the Amortisation Test.
Therefore, where in the risk factors it is stated that such risks are to be deducted from the Asset Cover Test and/or the Amortisation Test, this means that these will be deducted from the Adjusted Aggregate Asset Amount and/or Amortisation Test Aggregate Asset Amount and does not mean that these are deducted from the First Regulatory Current Balance Amount and the Second Regulatory Current Balance Amount.
Therefore, where in the risk factors it is stated that such risks are to be deducted from the Asset Cover Test and/or the Amortisation Test, this means that these will be deducted from the Adjusted Aggregate Asset Amount and/or Amortisation Test Aggregate Asset Amount and does not mean that these are deducted from the First Regulatory Current Balance Amount and the Second Regulatory Balance Amount.
In addition, deductions in view of deposits (deposito’s) are provided for in the Adjusted Aggregate Asset Amount as part of the Asset Cover Test and the Amortisation Test Aggregate Asset Amount as part of the Amortisation Test.
Where in the risk factors it is stated that such risks are to be deducted from the Asset Cover Test and/or the Amortisation Test, this means that these will be deducted from the Adjusted Aggregate Asset Amount and/or Amortisation Test Aggregate Asset Amount and does not mean that these are deducted from the First Regulatory Current Balance Amount and the Second Regulatory Balance Amount.
Since the receivables resulting from such temporary credit facilties are not transferred to the CBC, they will constitute “Other Claims”, which are deducted in the Adjusted Aggregate Asset Amount as part of the Asset Cover Test and the Amortisation Test Aggregate Asset Amount as part of the Amortisation Test.
In addition, deductions in view of other claims of the Transferor (excluding, for the avoidance of doubt, a Further Advance) are provided in the Adjusted Aggregate Asset Amount as part of the Asset Cover Test and the Amortisation Test Aggregate Asset Amount as part of the Amortisation Test.
The University pays all premiums for employee disability insurance.
Therefore, where in the risk factors it is stated that such risks are to be deducted from the Asset Cover Test and/or the Amortisation Test, this means that these will be deducted from the Adjusted Aggregate Asset Amount and/or the Amortisation Test Aggregate Asset Amount and it does not mean that these are deducted from the First Regulatory Current Balance Amount and the Second Regulatory Current Balance Amount.
In addition, deductions in view of other claims of the Transferor (excluding, for the avoidance of doubt, a Further Advance) are provided in theAdjusted Aggregate Asset Amount as part of the Asset Cover Test and the Amortisation Test Aggregate Asset Amount as part of the Amortisation Test.