Examples of Legal Balance in a sentence
If such expenditure is estimated to exceed ten percent (10%) of the Book Value of such Shared-Loss Asset or Asset, respectively, and that Shared-Loss Asset or Asset has a Legal Balance on the Accounting Records of the Assuming Institution of $1,000,000 or more, then the Assuming Institution shall promptly report such proposed expenditure to the Receiver, and may request that such expenditure be treated as a Permitted Expense.
The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Legal Balance of the Mortgage Loans at the time of purchase being less than 10% of the aggregate Legal Balance of the Mortgage Loans as of the Cut-off Date.
All Obligations, including, without limitation, the aggregate Outstanding Legal Balance of all Revolving Credit Loans shall be due and payable in full, if not earlier in accordance with this Agreement, on the Maturity Date, and the Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of the applicable Secured Parties all such Obligations on the Maturity Date.
Subject to the provisions of Section 2.08(b), the Outstanding Legal Balance of all Revolving Credit Loans shall bear interest at a rate per annum at all times equal to 13.42% from the date of disbursement through the date of repayment in accordance with the terms of this Agreement.
If such expenditure is estimated to exceed ten percent (10%) of the Book Value of such Shared-Loss Asset or Asset, respectively, and that THE BANK OF ASHEVILLE ASHEVILLE, NORTH CAROLINA Shared-Loss Asset or Asset has a Legal Balance on the Accounting Records of the Assuming Institution of $1,000,000 or more, then the Assuming Institution shall promptly report such proposed expenditure to the Receiver, and may request that such expenditure be treated as a Permitted Expense.
The Commercial Loan shall either have been sold by Classic for no less than the legal balance of the loan, including all principal, accrued interest and penalties (the “Legal Balance”) at the time of sale or the Legal Balance of such loan shall have been repaid to Classic in full on or before the Effective Date.
Amount % Global Interest $482,137.57 66.92 Martindale Interest $227,834.45 31.62 Xxxxxxxxxx Interest $ 10,538.23 1.47 Legal Balance of Note $720,510.25 100.00% 2.
The aggregate Cut-off Date Pool Legal Balance of the Mortgage Loans (less the sum of $125,000 and the portion of Arrearage payable as fees and expenses), the aggregate initial Uncertificated Balance of the REMIC I Regular Interests, the aggregate initial Uncertificated Balance of the REMIC II Regular Interests, and the aggregate Initial Class Certificate Balance of the respective Classes of REMIC III Regular Certificates in each case will be $325,143,834.12.