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 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."
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Examples of Average Loan Balance in a sentence

  • Trigger Event is in effect False False Stepdown Date and Trigger Event in effect Trigger Event is in effect on or after StepDown Date False False 60+ Dlq Avg Loan Balance / Subordinate Balance Dlq Average Loan Balance / Class M and B balance Test False False Aggregate Realized Loss Pct < Scheduled Loss Pct Aggregate Realized Loss Test False False Sr. Accel.

  • 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.

  • 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 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.

  • Trigger Event is in effect False False Stepdown Date and Trigger Event in effect Trigger Event is in effect on or after StepDown Date False False 60+ Dlq Avg Loan Balance / Subordinate Balance Dlq Average Loan Balance / Class M and B balance Test False True Aggregate Realized Loss Pct < Scheduled Loss Pct Aggregate Realized Loss Test False True Sr. Accel.

  • Performance Tests Current Distribution Date >= Target Distribution Current Distribution Date >= Target Distribution Date True Current Senior Pct > Initial Senior Percent Current Senior Percentage > Original Senior Percentage True 60+ Dlq Avg Loan Balance / Subordinate Balance Dlq Average Loan Balance / Class M and B balance Test True Aggregate Realized Loss Pct < Scheduled Loss Pct Aggregate Realized Loss Test False Sr. Accel.

  • 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.

  • 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.


More Definitions of Average 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.
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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.
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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.
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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.
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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.
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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.
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Related to Average Loan Balance

  • Loan Balance means, for any date of determination, the outstanding principal balance due under or in respect of a Timeshare Loan (including a Defaulted Timeshare Loan).

  • Net Purchased Loan Balance means, as of any date of determination, an amount equal to (a) the aggregate principal balance of all Portfolio Investments acquired by the Company prior to such date minus (b) the aggregate principal balance of all Portfolio Investments repurchased by the Parent or an Affiliate thereof prior to such date.

  • Outstanding Loan Balance means the principal amount of your full-time Direct Loans outstanding at any time, including any Canada Student Grant amount(s) converted to a Direct Loan, together with all interest on those amounts.

  • Aggregate Loan Balance At any date of determination, the outstanding principal balance of the Mortgage Loans serviced hereunder.

  • Average Principal Balance means for any Monthly Period in which a Reset Date occurs, the sum of (i) the Aggregate Principal Receivables determined as of the close of business on the last day of the prior Monthly Period, multiplied by a fraction the numerator of which is the number of days from and including the first day of such Monthly Period, to but excluding the related Reset Date, and the denominator of which is the number of days in such Monthly Period, and (ii) for each such Reset Date, the product of the Aggregate Principal Receivables determined as of the close of business on such Reset Date, multiplied by a fraction, the numerator of which is the number of days from and including such Reset Date, to the earlier of the last day of such Monthly Period (in which case such period shall include such date) or the next succeeding Reset Date (in which case such period shall exclude such date), and the denominator of which is the number of days in such Monthly Period.

  • Excess Servicing Fee Rate The rate of 0.0% per annum with respect to each Mortgage Loan.

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation Balance.

  • Aggregate Outstanding Loan Balance means on any day, the sum of the Outstanding Loan Balances of all Eligible Loans included as part of the Collateral on such date.

  • 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.

  • Weighted Average Spread means, with respect to Floating Rate Obligations (in each case excluding Defaulted Loans), as of any date, the number obtained by:

  • Mortgage Loan Rate means, as of any date of determination, the weighted average of the Note A Rate and the Note B Rate.

  • Cut-off Date Loan Balance means the Loan Balance calculated as of the Cut-off Date.

  • Series Servicing Fee Percentage means 2.0%.

  • Servicing Fee Percentage With respect to each Mortgage Loan, the percentage specified on the Servicer Mortgage Loan Schedule.

  • Mortgage Loan Principal Balance means, at any date of determination, the aggregate principal balance of the Notes evidencing the Mortgage Loan.

  • Adjusted Pool Balance means, on the Closing Date, an amount equal to:

  • 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 Debt (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 Debt, (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 Debt 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.

  • Pool Principal Balance As to any Distribution Date, the aggregate of the Scheduled Principal Balances of the Mortgage Loans which were Outstanding Mortgage Loans on the Due Date in the month preceding the month of such Distribution Date.

  • Average Daily Balance means the balance sum computed by dividing the sum of the balance outstanding on each day from the first day of the next Billing Period by the number of days in that Billing Period. For the purpose of computation, each day’s balance is determined by adjusting the Total New Balance with payments, credit, cash withdrawal, purchases of goods and/or services obtained on the Sales Drafts and/or Cash Withdrawal Drafts received by Maybank before the Closing Date of each Billing Period;

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Pool Balance means, as of any date, the aggregate Principal Balance of the Receivables (exclusive of all Administrative Receivables for which the Servicer has paid the Administrative Purchase Payment, Warranty Receivables for which the Seller has paid the Warranty Purchase Payment and Defaulted Receivables) as of the close of business on such date.

  • Cut-off Date Pool Principal Balance The aggregate Stated Principal Balances of all Mortgage Loans as of the Cut-off Date.

  • Weighted Average Floating Spread means, as of any date of determination, the number, expressed as a percentage, obtained by summing the products obtained by multiplying, in the case of each Floating Rate Portfolio Investment included in the Borrowing Base, on an annualized basis, the Spread of such Floating Rate Portfolio Investments, by the outstanding principal balance of such Floating Rate Portfolio Investments as of such date and dividing such sum by the aggregate outstanding principal balance of all such Floating Rate Portfolio Investments and rounding the result up to the nearest 0.01%.

  • Weighted Average Coupon means, with respect to Fixed Rate Obligations (excluding Defaulted Loans), as of any date, the number obtained by:

  • In Balance as defined in the Disbursement Agreement.

  • Weighted Average Net Mortgage Rate With respect to any Distribution Date, the weighted average of the applicable Net Mortgage Rates of the Mortgage Loans as of the first day of the related Due Period, weighted on the basis of their respective Stated Principal Balances as of the first day of such Due Period (after giving effect to any payments received during any applicable grace period).