Average Loan Balance definition

Average Loan Balance means, in respect of a Guarantor Calculation Period, the average daily aggregate Outstanding Principal Balance of Loans in the Covered Bond Portfolio during such Guarantor Calculation Period as determined by the Cash Manager and notified to the Calculation Agent in accordance with the Cash Management Agreement;

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Average Loan Balance means, in respect of a Calculation Period, the sum of the Average Fixed Rate Loan Balance, the Average Variable Rate Loan Balance and the Average Tracker Rate Loan Balance.

Average Loan Balance means, in respect of a Calculation Period or a particular date, the average outstanding daily principal balance of the Loans on the first day of the relevant Calculation Period or the outstanding principal balance of the Loans on such date (as applicable), as notified by the Cash Manager in accordance with the provisions of the Cash Management Agreement.

Examples of Average Loan Balance in a sentence

The Cash Manager shall determine, in accordance with the terms of the Interest Rate Swap Agreement, the Receipt Ratio and the Average Loan Balance in respect of the relevant Calculation Period and shall notify the Guarantor LP and the Bond Trustee of such amounts and balances on the Business Day that is at least two days prior to the first Guarantor LP Payment Date following the relevant Calculation Period.
For the Line of Credit, Borrower agrees to pay a fee (“Unused Commitment Fee”) equal to the product of one-half of one percent (0.50%) multiplied by the difference between Five Million Dollars ($5,000,000.00) and the amount of credit extended to Borrower, determined by the Average Loan Balance, as defined below, maintained during the Line of Credit Availability Period.
The Cash Manager, in its capacity as Calculation Agent under the Interest Rate Swap Agreement, shall determine, in accordance with the terms of the Interest Rate Swap Agreement, the Receipt Ratio and the Average Loan Balance in respect of the relevant Calculation Period and shall notify the Guarantor and the Bond Trustee of such amounts and balances on the Toronto Business Day that is at least two days prior to the first Guarantor Payment Date following the relevant Calculation Period.
For the Line of Credit, Borrower agrees to pay a fee ("Unused Commitment Fee") equal to the product of one-half of one percent (0.50%) multiplied by the difference between Seventeen Million Dollars ($17,000,000.00) and the amount of credit extended to Borrower, determined by the Average Loan Balance, as defined below, maintained during the Line of Credit Availability Period.
The Cash Manager will determine, in accordance with the terms of the Interest Rate Swap Agreement, the Receipt Ratio and the Average Loan Balance (each as defined in the Interest Rate Swap Agreement) in respect of the relevant Calculation Period and will notify the Guarantor and the Bond Trustee of such amounts and balances on the Canadian Business Day that is at least two days prior to the first Guarantor Payment Date following the relevant Calculation Period.
Borrowers shall pay to Lender a commitment fee equal to 0.75% per annum of the amount by which the Average Loan Balance for any month (or portion thereof that the Commitment is in effect) is less than $110,000,000, such fee to be paid on the first Business Day of the following month; but if the Commitment is terminated on a day other than the first day of a month, then any such fee payable for the month in which termination shall occur shall be paid on the effective date of such termination.
For purposes of this section, the "Average Loan Balance" is calculated by dividing the sum of the daily loan balances on the Line of Credit during the applicable period by the number of days in that period.
Commencing July, 2003, the Borrower shall maintain an average loan balance in each month of not less than $15,000,000 as determined on the last Banking Day of each month (the "Minimum Average Loan Balance"), provided, that the Minimum Average Loan Balance shall automatically decrease in each successive month by $1,500,000 until such Average Loan Balance equals zero.
For the Line of Credit, Borrower agrees to pay a fee (“Unused Commitment Fee”) equal to the product of one-half of one percent (0.50%) multiplied by the difference between Fifteen Million Dollars ($15,000,000.00) and the amount of credit extended to Borrower, determined by the Average Loan Balance, as defined below, maintained during the Line of Credit Availability Period.
Minimum Average Loan Balance 5.03(w)(nn) 30 Yr Fixed $100,000 15 Yr Fixed $ 75,000 7 Yr Balloon $125,000 1Yr ARM $105,000 Term: 3.03, 1.18, 5.03(nn) 30 Yr Fixed 65%-70% 15 Yr Fixed 25%-30% 7 Yr Balloon 0%-5% 1Yr ARM 0%-5% Weighted Average Escrow 1.04% (as a percentage of principal balance for escrowed loans) No less than 15% of the mortgage loans are accompanied by an escrow for taxes and insurance.

More Definitions of Average Loan Balance

Average Loan Balance is equal to (1) the sum of the Daily Loan Balances (as defined below) during a billing period; divided by (2) the actual number of days in such billing period. The "Daily Loan Balance" is equal to the amount of the outstanding principal debt which Dealer owes to CDF on the Accounts Receivable Facility at the end of each day (including the amount of all Electronic Transfers authorized) after CDF has credited the payments which it has received on the Accounts Receivable Facility. The Daily Loan Balance shall not be subject to Section 3.8 of the Agreement. Such unused line fee shall be payable monthly in arrears and due pursuant to the monthly billing statement. Once received by CDF, a line fee shall not be refundable by CDF for any reason."

Average Loan Balance means, in respect of a Portfolio Calculation Period, the average daily aggregate outstanding current balance of the Loans in the Portfolio during the relevant Portfolio Calculation Period as notified by the Cash Manager in accordance with the Cash Management Agreement.

Average Loan Balance for a calendar quarter by the "Average Borrowing Base" for such calendar quarter. For purposes hereof, the "Average Loan Balance" is determined by adding the unpaid balance of the Revolving Credit Loans outstanding hereunder for each calendar day during a calendar quarter and by dividing such sum by the number of days in such calendar quarter. For purposes hereof, the "Average Borrowing Base" is determined by adding the amount of the Borrowing Base for each calendar day during a calendar quarter and by dividing such sum by the number of days in such calendar quarter.

Average Loan Balance. (as defined in Paragraph 1(b) below) determined during the period December 1 until January 31 of each applicable year (the "Measurement Period") equals or exceeds the applicable Target Level for such year as set forth in the following schedule: Number of Shares of Measurement Period for Average Loan Restricted Stock to Determining Average Balance be Awarded if Target Loan Balance Target Level Level is Achieved ------------ ------------ -------------------- December 1- January $ 40,000,000 2,500 shares 31, 1997 or or $ 45,000,000 5,000 shares December 1- January $ 48,000,000 2,500 shares 31, 1998 or or $ 53,000,000 5,000 shares December 1- January $ 60,000,000 2,500 shares 31, 1999 or or $ 70,000,000 5,000 shares December 1- January $ 85,000,000 All remaining shares 31, 2000 December 1- January $ 95,000,000 All remaining shares 31, 2001 December 1- January $110,000,000 All remaining shares 31, 2002 In no event shall the aggregate number of shares of Restricted Stock awarded to Executive pursuant to this Agreement exceed a maximum of 5,000 shares. If, during a particular Measurement Period, the higher of two applicable Target Levels is achieved, only the number of shares applicable to the higher Target Level shall be awarded.

Average Loan Balance means, in respect of a Portfolio Calculation Period, the sum of the Average Fixed Rate Loan Balance, the Average Variable Rate Loan Balance and the Average Tracker Rate Loan Balance.

Average Loan Balance means (a) in the case of the Canadian Borrower, -------------------- the average of the sum of Canadian Revolving Loans and Letters of Credit outstanding under the Canadian Revolving Credit Facility during the period of 180 days preceding the date of termination of this Agreement and (b) in the case of the U.K. Borrower, the average of the sum of U.K. Revolving Loans and Letters of Credit outstanding under the U.K. Revolving Credit Facility during the period of 180 days preceding the date of termination of this Agreement.