Escrow Balances definition

Escrow Balances means amounts held in custody by Seller for insurance and/or taxes for, or otherwise related to, the Deposit-Related Loans and the Other Loans.
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Escrow Balances means collected funds in non-interest bearing accounts maintained by Company with Bank net of any reserve requirement imposed from time to time by the Board of Governors of the Federal Reserve Board ("FRB"), which funds represent escrow moneys arising in connection with Company's mortgage servicing business. For purposes of this Agreement, reserve requirements shall be determined on the amount of collected deposits held each day by Bank in each type of escrow deposit account maintained by Company with Bank at the applicable rate imposed by the FRB. Bank shall not be obligated to lend to Company under the Note on any Borrowing Date an amount which exceeds the Availability Amount as set forth in the forecast delivered to Bank by Company on such date. Bank and Company will consult from time to time with a view toward allowing Company to maintain its deposit balances at Bank in types of deposit accounts bearing the lowest legally permissible reserve requirements practicable consistent with the flexibility required by the Company to make frequent withdrawals and deposits. In addition, Bank shall not be obligated to lend under the Note unless Company shall have first filed with Bank a Request for Draw and Certificate of Compliance (as of the date of the borrowing) in form similar to that annexed hereto as Exhibit "B", executed by an authorized officer of Company. Bank may, at its option, lend under the Note upon the telephone request of an authorized officer of Company and, in the event Bank makes any such advance upon a telephone request, the requesting officer shall immediately fax and then promptly mail to Bank, an executed Request for Draw and Certificate of Compliance in the form attached as Exhibit "B". Advances upon telephone request are for the convenience of Company and Bank shall have no liability to Company in connection with making any advance based upon the telephone
Sample 1
Escrow Balances means amounts held in custody by Seller for insurance and taxes for or otherwise related to, the Deposit-Related Loans and the Other Loans.
Sample 1

Examples of Escrow Balances in a sentence

  • Further, Borrower Parties acknowledge and agree that Lender will continue to hold the Escrow Balances for the benefit of New Borrower in accordance with the terms of the Loan Documents.

  • The Company shall adjust its records to reflect the Adjusted Cut-Off Date Unpaid Principal Balances, the Adjusted Escrow Balances and the Unpaid Principal Balances with respect to the Loans.

  • The Company shall adjust its records to reflect the Adjusted Unpaid Principal Balances and the Adjusted Escrow Balances with respect to the Loans.

  • The Company will adjust its records to reflect the Adjusted Unpaid Principal Balances, the Adjusted Escrow Balances and the Unpaid Principal Balances with respect to the Assets.

  • Further, Borrower Parties acknowledge and agree that Xxxxxx will continue to hold the Escrow Balances for the benefit of New Borrower in accordance with the terms of the Loan Documents.

  • Original Borrower represents, and New Borrower acknowledges that as of the date hereof, the outstanding principal balance of the Loan is $22,640,000.00 and the following escrow and reserve balances (collectively, "Escrow Balances") are being held by Lender: (i) a tax escrow balance of $-0-; (ii) an insurance escrow balance of $-0-; (iii) a replacement reserve escrow balance of $-0-; and (iv) a reserve escrow balance of $-0-.

  • No later than ten (10) Business Days after the Servicing Transfer Date, Seller shall deliver to Purchaser or its designee copies of all cut-off or accounting reports relating to the Assets as of the Servicing Transfer Date, including a trial balance and reports of collections, delinquencies, prepayments, curtailments, Escrow Payments, Escrow Balances, partial payments, partial payment balances and other like information on the Assets.

  • As of January 11, 2013, the outstanding principal balance of the Loan was $19,716,932.89 and the following escrow and reserve balances (collectively, "Escrow Balances") are being held by Lender: (a) a tax escrow balance of $153,930.15; (b) an insurance escrow balance of $55,717.10; (c) a capital reserve balance of $9,531.91; (d) a tenant reserve balance of $190,063.82; and (d) a deferred maintenance reserve of $37.44.

  • The Company shall adjust its records to reflect the Adjusted Unpaid Principal Balances, the Adjusted Escrow Balances and the Unpaid Principal Balances with respect to the Assets.

  • On the Closing Date, Seller shall cause all Escrow Balances, if any, provided in connection with a proposed contract of sale for any REO Properties to be transferred to Purchaser.


More Definitions of Escrow Balances

Escrow Balances means the escrows of borrowers with respect to the Transferred Loans including taxes, insurance and other items.
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Related to Escrow Balances

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Adjustment Escrow Account means the escrow account established by the Escrow Agent pursuant to the Escrow Agreement for purposes of holding the Adjustment Escrow Amount and any interest or earnings accrued thereon or in respect thereof.

  • 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).

  • Class Balance With respect to any Class of Certificates, at any time, the aggregate of the

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

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

  • Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.

  • Debit Balance means, as of any date, the dollar amount, if any, representing each of: (1) the aggregate Annual Charge, accrued in accordance with Section 3.4(g)(i); and (2) any Leveraged Principal Amount (together with any pro rata Interest Amounts determined in accordance with Section 3.4(g)(ii), if applicable), as reduced by any distributions recorded from ML Ventures Units recorded in a Participant’s Account in accordance with Section 3.4(e).

  • Asset Balance means, for any Payment Date, the Pool Balance as of the beginning of the current Collection Period.

  • 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.

  • Cash Balances means cash in hand or credited to any account with a financial institution and securities which are readily convertible into cash;

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Escrow Accounts means (1) accounts of Parent or any Subsidiary, solely to the extent any such accounts hold funds set aside by Parent or any Subsidiary to manage the collection and payment of amounts collected, withheld or incurred by Parent or such Subsidiary for the benefit of third parties relating to: (a) federal income tax withholding and backup withholding tax, employment taxes, transportation excise taxes and security related charges, (b) any and all state and local income tax withholding, employment taxes and related charges and fees and similar taxes, charges and fees, including, but not limited to, state and local payroll withholding taxes, unemployment and supplemental unemployment taxes, disability taxes, xxxxxxx’x or workers’ compensation charges and related charges and fees, (c) state and local taxes imposed on overall gross receipts, sales and use taxes, fuel excise taxes and hotel occupancy taxes, (d) passenger facility fees and charges collected on behalf of and owed to various administrators, institutions, authorities, agencies and entities, (e) other similar federal, state or local taxes, charges and fees (including without limitation any amount required to be withheld or collected under applicable law) and (f) other funds held in trust for, or otherwise pledged to or segregated for the benefit of, an identified beneficiary; or (2) accounts, capitalized interest accounts, debt service reserve accounts, escrow accounts and other similar accounts of Parent or any Subsidiary or funds established in connection with the ARB Indebtedness.

  • Legal Balance means the amount of indebtedness legally owed by an Obligor with respect to a Loan, including principal and accrued and unpaid interest, late fees, attorneys' fees and expenses, taxes, insurance premiums, and similar charges, if any.

  • Payahead Balance on a Precomputed Receivable means the sum, as of the close of business on the last day of a Collection Period, of all Payaheads made by or on behalf of the Obligor with respect to such Precomputed Receivable, as reduced by applications of previous Payaheads with respect to such Precomputed Receivable, pursuant to Sections 8.02(b) and 9.09.

  • Allocated Realized Loss Amount With respect to any Distribution Date and any Class of Mezzanine Certificates, the sum of (i) any Realized Losses allocated to such Class of Certificates on such Distribution Date and (ii) the amount of any Allocated Realized Loss Amount for such Class of Certificates remaining unpaid from the previous Distribution Date.

  • Scheduled Balances Not applicable.

  • 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.

  • Cut-Off Date Aggregate Principal Balance The aggregate of the Cut-Off Date Principal Balances of the Mortgage Loans is as set forth in Section 11.03.

  • Unpaid Realized Loss Amount With respect to any Class of Subordinated Certificates and as to any Distribution Date, is the excess of (i) the Applied Realized Loss Amounts with respect to such Class over (ii) the sum of (a) all distributions in reduction of such Applied Realized Loss Amounts on all previous Distribution Dates, and (b) the amount by which the Class Certificate Balance of such Class has been increased due to the distribution of any Subsequent Recoveries on all previous Distribution Dates. Any amounts distributed to a Class of Subordinated Certificates in respect of any Unpaid Realized Loss Amount will not be applied to reduce the Class Certificate Balance of such Class.

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

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Adjustment Escrow Amount means $1,000,000.

  • Planned Balance Not applicable.

  • Aggregate Principal Balance means, with respect to any date of determination, the sum of the Principal Balances for all Receivables (other than (i) any Receivable that became a Liquidated Receivable prior to the end of the related Collection Period and (ii) any Receivable that became a Purchased Receivable prior to the end of the related Collection Period) as of the date of determination.

  • Class X Notional Balance With respect to any Distribution Date (and the related Accrual Period) the aggregate principal balance of the regular interests in REMIC 3 as specified in the Preliminary Statement hereto.