Peg Balance definition

Peg Balance means $75,000,000, or such other amount as determined by the Swingline Lender in its sole discretion; provided, that the Peg Balance shall not exceed $75,000,000 without the consent of the Required Lenders.
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Peg Balance has the meaning set forth in Section 3.2(a).
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Peg Balance with respect to any particular date, the amount held in the Borrowers’ main operating account held with the Administrative Agent.
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Examples of Peg Balance in a sentence

  • Lender may notify the Cash Management Bank at any time of any change in the Peg Balance.

  • If the outstanding Swing Loans are less than the Peg Balance, the Swingline Lender at least one day prior to a Settlement Date may forward a notice to the Administrative Agent informing the Administrative Agent that the Swingline Lender has elected to increase the amount of the Swing Loans up to an amount elected by the Swingline Lender that does not exceed the Peg Balance (the “Selected Amount”).

  • The Accounting Arbitrator shall be furnished with a copy of the Agreement, the Peg Balance Sheet, the Preliminary Closing Balance Sheet, Seller's Letter, Buyer's Letter and any other relevant correspondence between the parties.

  • When the Final Closing Balance Sheet is determined pursuant to the provisions of paragraphs (b), (c), (d) and (e), then the net asset/equity value set forth on such Final Closing Balance Sheet will be the Final Net Asset Value and the Final Net Asset Value so determined shall be compared to the net asset/equity amount set forth on the Peg Balance Sheet (the "Peg Value").

  • Trustor’s obligation to make the monthly payment to Beneficiary shall be satisfied by, and to the extent of, monies collected by the Cash Management Bank (as such term is defined in Paragraph 53 below) and deposited into the Tax and Insurance Impound in accordance with the priority for payment of the Peg Balance (as such term is defined in Paragraph 53 below).

  • Notwithstanding the foregoing, in the event that no Event of Default shall have occurred and shall be continuing from and after JULY 31, 2020, Lender shall debit the Collateral Deposit Account for all sums in excess of the Peg Balance in increments of TWO HUNDRED AND FIFTY THOUSAND AND 00/100 DOLLARS ($250,000.00) and apply such payments to the outstanding principal balance of the Indebtedness; provided however, that any such application shall not result in a Make Whole Fee.

  • The Company Financial Statements and the Peg Balance Sheet have been prepared from, and are in accordance with, the books and records of Cameron and the books and records of Seller that pertain to Cameron.

  • Trustor’s obligation to make the monthly payment to Beneficiary shall be satisfied by, and to the extent of, monies collected in by the Cash Management Bank and deposited into the Replacement Escrow Fund in accordance with the priority of payment of the Peg Balance.

  • The Preliminary Closing Balance Sheet and the final balance sheet determined in accordance with paragraphs (b), (c), (d) and (e) of this Section 1.3 (the "Final Closing Balance Sheet") shall be prepared in accordance with principles, practices and procedures that are the same as those which resulted in the asset and liability values reflected in the balance sheet effective as of October 2, 1999 (the "Peg Date"), which is attached hereto as Schedule 1.3 (the "Peg Balance Sheet").

  • If the account balance exceeds the Peg Balance, the excess shall be withdrawn by Lender from that account and applied on the Loan.


More Definitions of Peg Balance

Peg Balance means (a) so long as Lender has not given the Cash Management Bank notice of the continuance of an Escrow Period pursuant to clause (b) below, zero (or such greater amount as the Cash Management Bank may establish as the minimum balance in the Cash Management Account), and (b) during the continuance of an Escrow Period, upon notice from Lender to the Cash Management Bank of the continuance of an Escrow Period and the amount of the Peg Balance, the aggregate amount of payments required to be made under Sections 3.2(b)(i) through (iv) on the next Payment Date, as specified in the most recent notice from Lender to the Cash Management Bank pursuant to the Cash Management Agreement.
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Peg Balance means the aggregate amount of payments required to be made under Sections 3.2(b)(i) through (iv) on the next Payment Date, as specified in the most recent notice from the Servicer to the Cash Management Bank pursuant to the Cash Management Agreement.
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Peg Balance means a sum equal to ONE MILLION AND 00/100 DOLLARS ($1,000,000.00).
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Peg Balance at any time means, so long as no Cash Trap Period is continuing, the aggregate amount of payments required to be made under SECTIONS 3.2(b)(i) and (ii) on the next Payment Date, as specified in the most recent notice from the Lender to the Cash Management Bank pursuant to the Cash Management Agreement.
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Peg Balance has the meaning set forth in the Mortgage Loan Agreement.
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Peg Balance has the meaning set forth in the Mortgage Loan Agreement.
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Related to Peg Balance

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

  • Class Balance With respect to any Class of Certificates, at any time, the aggregate of the Certificate Balances of all Outstanding Certificates of such Class.

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

  • 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.

  • Outstanding Balance of any Receivable at any time means the then outstanding principal balance thereof.

  • In Balance means, on any occasion, that the amount of the undisbursed Limited Partner's Capital Contribution are sufficient in the Limited Partner's reasonable judgment to pay, through Completion of Construction, all of the following sums: (a) all costs of construction, marketing, ownership, maintenance and leasing of the Apartment Housing units; and (b) all sums payable under the Construction documents.

  • Scheduled Balance Not applicable.

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

  • Unobligated balance means the portion of the funds authorized by the Federal awarding agency that has not been obligated by the recipient and is determined by deducting the cumu- lative obligations from the cumulative funds authorized.

  • 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.

  • Original Pool Balance means the Pool Balance as of the Cutoff Date.

  • Available Balance means, in relation to any Account, the aggregate of:

  • Pool Balance means, as of any date, the aggregate Principal Balance of the Receivables (exclusive of all Administrative Receivables for which the Servicer has paid the Administrative Purchase Payment, Warranty Receivables for which the Seller has paid the Warranty Purchase Payment and Defaulted Receivables) as of the close of business on such date.

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

  • Payahead Balance means, for a Lease:

  • Principal Balance means the outstanding principal amount of the Loan, plus interest expected to be capitalized (if any), less amounts which may not be insured (such as late charges).

  • Loan Group Balance As to each Loan Group, the aggregate of the Stated Principal Balances of the Mortgage Loans in such Loan Group that were Outstanding Mortgage Loans at the time of determination.

  • Cut-Off Date Aggregate Principal Balance The aggregate of the Cut-off Date Principal Balances of the Mortgage Loans.

  • Debit Balance means, as of any date, the dollar amount, if any, representing the accrued aggregate Annual Charge not deducted from the Liquid Balance.

  • Time balance means the sum of the principal amount financed and the finance charge.

  • Additional Balance as to any Mortgage Loan means the aggregate amount of all additional borrowings by the mortgagor under the relevant Credit Line Agreement after the Cut-off Date for the Mortgage Loan.

  • Minimum Balance means, at any time, an amount that equals the product of: (a) the average Borrowing Base (or, if less on any given day, the Revolving Loan Commitment) during the immediately preceding month multiplied by (b) the Minimum Balance Percentage for such month.

  • Cut-off Date Pool Principal Balance The aggregate Stated Principal Balances of all Mortgage Loans as of the Cut-off Date.

  • 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.

  • Aggregate Loan Group Balance As to any Loan Group and as of any date of determination, will be equal to the aggregate of the Stated Principal Balances of the Mortgage Loans in that Loan Group, except as otherwise provided, as of the last day of the related Collection Period.