Original Balance definition

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.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Original Balance means, with respect to any Receivable, the Outstanding Balance of such Receivable on the date it was purchased by Buyer.

Original Balance means, with respect to any Receivable, the Outstanding Balance of such Receivable on the date it was originated.

Examples of Original Balance in a sentence

• If such Purchase Price Credit exceeds the Original Balance of the Receivables coming into existence on any day, then Originator shall pay the remaining amount of such Purchase Price Credit in cash immediately, provided that if the Termination Date has not occurred, Originator shall be allowed to deduct the remaining amount of such Purchase Price Credit from any indebtedness owed to it under the Subordinated Note.

• If such Purchase Price Credit exceeds the Original Balance of the Receivables originated by the applicable Originator on any day, such Originator shall pay the remaining amount of such Purchase Price Credit in cash immediately, provided that if the applicable Termination Date has not occurred, such Originator shall be allowed to deduct the remaining amount of such Purchase Price Credit from any indebtedness owed to it under its Subordinated Note.

• If such Purchase Price Credit exceeds the Original Balance of the Receivables coming into existence on any day, then the related Originator shall pay the remaining amount of such Purchase Price Credit in cash immediately, provided that if the Termination Date has not occurred, such Originator shall be allowed to deduct the remaining amount of such Purchase Price Credit from any indebtedness owed to it under its Subordinated Note.

• If such Purchase Price Credit exceeds the Original Balance of the Receivables originated by Originator on any day, Originator shall pay the remaining amount of such Purchase Price Credit in cash immediately, provided that if the Termination Date has not occurred, Originator shall be allowed to deduct the remaining amount of such Purchase Price Credit from any indebtedness owed to it under its Subordinated Note.

• If such Purchase Price Credit exceeds the Original Balance of the Receivables to be sold hereunder on any date, then the Originator shall pay the remaining amount of such Purchase Price Credit in cash on the next succeeding Business Day; PROVIDED THAT, if the Termination Date has not occurred, the Originator shall be allowed to deduct the remaining amount of such Purchase Price Credit from any indebtedness owed to it under the Subordinated Note.

More Definitions of Original Balance

Original Balance. 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.

Original Balance. Next Payment Date: Current Balance: Monthly P & I: Current Int. Rate: Outstanding Late Fees: Interest Type: Cash Management: Funding Date: Cross-Collateralized: Maturity Date: Cross-Defaulted: ARD Date: Lien Position: Watchlist: Insurance Balance: Watchlist Reason: Insurance Constant: Tax Balance: Insurance Status: Tax Constant: Tax Status: Property Name: Gross Rentable Sq. Ft.: Property Address: Net Rentable Sq.Ft.:

Original Balance has the meaning ascribed to it in Clause 17.3.

Original Balance of any Receivable shall mean the Outstanding Balance of such Receivable on the date it was purchased by the Borrower.

Original Balance means, for any Receivable, the original principal balance of such Receivable at its creation.

Original Balance means, with respect to any Receivable, the Outstanding Balance of such Receivable on the date it was purchased by Buyer. For the avoidance of doubt, sales, use or any other taxes (other than GST) which may be billed in connection with a Receivable are not included in the Original Balance.

Original Balance means $584,592.50 which is the sum of the outstanding balance of the Receivables owed to Seller as of the Closing Date.