Outstanding Asset Balance. With respect to any Asset at any time, the sum of (a) all future Scheduled Payments becoming due under or with respect to such Asset plus (b) any past due Scheduled Payments with respect to such Asset (other than with respect to those payments to the extent a Servicer Advance is outstanding with respect thereto); provided that notwithstanding anything to the contrary contained herein, for purposes of determining the Outstanding Asset Balance, if any Asset is a Charged-Off Asset or if any portion of an Asset is deemed to be “charged-off” in accordance with the provisions of the definition of Charged-Off Asset, then the entire Asset shall be deemed to have an Outstanding Asset Balance of zero, except for purposes of calculating the Average Pool Charged-Off Ratio; provided further that notwithstanding anything to the contrary contained herein, the Outstanding Asset Balance of any Asset that is a Delinquent Asset shall be deemed to be zero and the Outstanding Asset Balance at any time of any Asset that is an Acquired Loan (other than an Excluded Loan) shall be the Market Value of such Acquired Loan on its most recent Asset Valuation Date.
Outstanding Asset Balance means, as of any date of determination, the aggregate outstanding principal balance of the Purchased Mortgage Loans on such date.
Outstanding Asset Balance. With respect to any Asset at any time, the sum of (a) the portion of all future Scheduled Payments becoming due under or with respect to such Asset plus (b) any past due Scheduled Payments with respect to such Asset (other than with respect to those payments to the extent a Servicer Advance is outstanding with respect thereto); provided that notwithstanding anything to the contrary contained herein, for purposes of determining the Aggregate Outstanding Asset Balance, if any portion of an Asset is deemed to be “charged-off” in accordance with the provisions of the definition of Charged-Off Asset, then the entire Asset shall be deemed to have an Outstanding Asset Balance of zero, except for purposes of (i) calculating the Average Pool Charged-Off Ratio and (ii) Section 2.20(g).
Examples of Outstanding Asset Balance in a sentence
Of the Loans and Credit Lines selected as at October 15, 2014 for the purpose of assigning the Fund Assets on the Incorporation Date, 54.51% of the Outstanding Asset Balance of the Preliminary Portfolio was granted during FY 2013 and up to August 29, 2014.
Of the Loans and Credit Lines selected as at November 19, 2015 for the purpose of assigning the Fund Assets on the Incorporation Date, 81.60% of the Outstanding Asset Balance of the Preliminary Portfolio was granted during FY 2013 and up to September 2015.
More Definitions of Outstanding Asset Balance
Outstanding Asset Balance. (i) With respect to any Loan (other than any other “Loan” under and as defined in the Acquisition Facility) at any time, the sum of (a) the portion of all future Scheduled Payments becoming due under or with respect to such Loan plus (b) any past due Scheduled Payments with respect to such Loan (other than with respect to those payments to the extent a Servicer Advance is outstanding with respect thereto), and (ii) with respect to any other “Loan” (under and as defined in the Acquisition Facility), the “Outstanding Asset Balance” as calculated in accordance with the terms and provisions of the Acquisition Facility (which terms and provisions are incorporated herein by reference mutatis mutandis as if set forth fully herein and notwithstanding any subsequent or contemporaneous termination of the Acquisition Facility); provided that notwithstanding anything to the contrary contained herein, for purposes of determining the Aggregate Outstanding Asset Balance, if any portion of an Asset is deemed to be “charged-off” in accordance with the provisions of the definition of Charged-Off Asset, then the entire Asset shall be deemed to have an Outstanding Asset Balance of zero, except for purposes of calculating the Average Pool Charged-Off Ratio.
Outstanding Asset Balance. With respect to (i) any Asset purchased at less than 95% of its par value, the purchase price of such Asset (excluding any PIK component or accrued interest payable) minus the sum of principal payments received in respect of such Asset on or before the date of determination and (ii) any Asset purchased at no less than 95% of par or originated directly by the Originator or an Affiliate, the sum of (a) the portion of all future Scheduled Payments becoming due under or with respect to such Asset plus (b) any past due Scheduled Payments with respect to such Asset (other than with respect to those payments to the extent a Servicer Advance is outstanding with respect thereto), provided that notwithstanding anything to the contrary contained herein, for purposes of determining the Aggregate Outstanding Asset Balance, if any portion of an Asset is deemed to be “charged-off” in accordance with the provisions of the definition of Charged-Off Asset, then the entire Asset shall be deemed to have an Outstanding Asset Balance of zero, except for purposes of (i) calculating the Average Pool Charged-Off Ratio and (ii) Section 2.20(a)(vii).
Outstanding Asset Balance. ' means, with respect to any Asset, as of any date of determination, the outstanding principal balance of such Asset as of the Date of Original Issue, as set forth in the Series CertiÑcate Agreement (or in the case of a Substitute Asset, the outstanding principal balance of the Substitute Asset as of the Substitution Date), minus any payment of principal on such Asset received by the Administrator with respect to such Asset after the Date of Original Issue (or Substitution Date, if applicable) and on or before such date of determination.
Outstanding Asset Balance. With respect to any Asset at any time, the sum of (a) all future Scheduled Payments becoming due under or with respect to such Asset plus (b) any past due Scheduled Payments with respect to such Asset (other than with respect to those payments to the
Outstanding Asset Balance means with respect to any Asset at any time, the sum of (a) the portion of all future Scheduled Payments becoming due under or with respect to such Asset plus (b) any past due Scheduled Payments with respect to such Asset.
Outstanding Asset Balance. (i) With respect to any Loan (other than an MPA) at any time, the sum of (a) the portion of all future Scheduled Payments becoming due under or with respect to such Loan as of such time plus (b) any past due Scheduled Payments with respect to such Loan (other than with respect to those payments to the extent a Servicer Advance is outstanding with respect thereto) as of such time, (ii) with respect to any MPA at any time, (a) the purchase price for such Loan paid by the Originator to the SLP Financing Originator under the Acquisition Agreement or (b) if such MPA was originated by the Originator, the original principal amount thereof funded by the Originator, (iii) with respect to any Lease at any time, the sum of (a) the Discounted Value of the remaining Lease Payments under the related Lease Contract as of such time, plus (b) the aggregate Uncollected Bxxxxxxx as of such time (other than with respect to those payments to the extent a Servicer Advance is outstanding with respect thereto), and (iv) with respect to LLC Assets as of any Determination Date an amount equal to (a) with respect to the Series 2002-1 LLC, the product of the Aggregate Outstanding Loan Balance (as defined in the Series 2002-1 SSA) as of any Determination Date and 82.5% minus the Outstanding Principal Amount (as defined in the Series 2002-1 SSA) of the Offered Notes (as defined in the Series 2002-1 SSA) as of any Determination Date, (b) with respect to the Series 2002-2 LLC, the product of the Aggregated Outstanding Loan Balance (as defined in the Series 2002-2 SSA) as of any Determination Date and 82.5% minus the Outstanding Principal Amount (as defined in the Series 2002-2 SSA) of the Offered Notes (as defined in the Series 2002-2 SSA) other than the Series 2002-2 Class D Notes as of any Determination Date, (c) with respect to the Series 2003-1 LLC, the product of the Aggregate Outstanding Loan Balance (as defined in the Series 2003-1 SSA) as of any Determination Date and 82.5% minus the Outstanding Principal Amount (as defined in the Series 2003-1 SSA) of the Offered Notes (as defined in the Series 2003-1 SSA) other than the Series 2003-1 Class D Notes as of any Determination Date; provided, that, notwithstanding anything to the contrary contained herein, for purposes of determining the Aggregate Outstanding Asset Balance, if any portion of an Asset is deemed to be “charged-off” in accordance with the provisions of the definition of Charged-Off Asset, then the entire Asset shall be ...
Outstanding Asset Balance. (i) With respect to any Loan (other than an MPA) at any time, the sum of (a) the portion of all future Scheduled Payments becoming due under or with respect to such Loan plus (b) any past due Scheduled Payments with respect to such Loan (other than with respect to those payments to the extent a Servicer Advance is outstanding with respect thereto), (ii) with respect to any MPA at any time, the sum of (i) the purchase price for such Loan paid by the Originator to the SLP Financing Originator under the Acquisition Agreement or, if such MPA was originated by the Originator, the original principal amount thereof funded by the Originator, and (iii) with respect to any Lease at any time, the sum of (i) the Discounted Value of the remaining Lease Payments under the related Lease Contract, plus (ii) the aggregate Uncollected Bxxxxxxx at such time (other than with respect to those payments to the extent a Servicer Advance is outstanding with respect thereto); provided, that, notwithstanding anything to the contrary contained herein, for purposes of determining the Aggregate Outstanding Asset Balance, if any portion of an Asset is deemed to be “charged-off” in accordance with the provisions of the definition of Charged-Off Asset, then the entire Asset shall be deemed to have an Outstanding Asset Balance of zero, except for purposes of calculating the Average Pool Charged-Off Ratio.