Net Balance definition
Net Balance means, as of the date of determination, the Gross Contract Payments of a Contract less all unearned interest, fees, charges, and insurance premiums owing by the Contract Debtor.
Net Balance means with respect to an Installment Sales Contract, the outstanding balance owing on such Installment Sales Contract including any applicable late charges but exclusive of any unearned finance charges as provided for in such Installment Sales Contract and means with respect to a Crop Time Note, the outstanding principal balance owing on such Crop Time Note and all accrued and unpaid interest thereon.
Net Balance means, in relation to an Offset Portion, the positive difference (if any) between the principal amount owing under the Offset Portion and the credit balances in the Specified Account.
Examples of Net Balance in a sentence
The Seller warrants that, as of December 31, 2025, the collective Net Balance in such Subsidiary bank accounts shall be no less than Ninety Thousand Dollars (US$90,000.00) and any deficiency in the Net Balance shall be fully guaranteed by Seller, and Seller shall, on or before December 31, 2025, pay to the Buyer funds sufficient to remedy any deficiency in the Net Balance.
More Definitions of Net Balance
Net Balance means, at the end of each Financial Year, the amount for that Financial Year determined in accordance with clause 18.6(a).
Net Balance means the balance of the Net Revenue or Net Advertising Revenue (as applicable) after Snack Media has deducted the Commission.
Net Balance means, with respect to any Receivable, as of any date of determination, the excess of (i) the Gross Balance for such Receivable over (ii) all unearned, or accrued but unpaid, interest, fees, finance charges, insurance commissions and any other unearned amounts of such Receivable.
Net Balance means the difference between the Current Assets and the Current Liabilities.
Net Balance means the balance owing after off-setting the mutual accrued charges of both parties including charges
Net Balance means the net balance, as of the close of business on the Business Day immediately preceding the Closing Date, of any intercompany payables or receivables with respect to Seller and its Subsidiaries (other than the Company and its Subsidiaries) on the one hand and the Company and its Subsidiaries on the other hand.
Net Balance means the Aggregate Amount of Invoices so collected less (a) the Advance Amount and (b) the fee (including reimbursable out-of-pocket expenses) earned by Versant pursuant to the Fee and Reimbursements Schedule attached hereto and made a part hereof.