Specified Balance definition

Specified Balance of an individual at any time means an amount equal to the amount by which the aggregate of all the individual’s eligible amounts received by the individual at or before that time exceeds the aggregate of all amounts paid by a qualifying trust in respect of the individual under sections 776.1.5.0.2 and 776.1.5.0.3 on the acquisition of replacement shares in the taxation years that ended before that time.
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Specified Balance means the amount equal to the amount of interest due in respect of the Notes for one Interest Period, on Issue Date being U.S.$7,600,000; and a “Subsidiary” means any company whose financial statements are required by law or in accordance with the generally accepted accounting principles of the PRC or the British Virgin Islands to be fully consolidated with those of the Issuer, the Guarantor or the Company.
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Specified Balance is defined under Section 3.1 C(a)(ii) of the Revolving Loan Schedule.
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Examples of Specified Balance in a sentence

  • On each Purchase Date, to the extent required, the Buyer shall instruct the Indenture Trustee to withdraw funds from the Excess Funding Account and deposit them into the Loss Reserve Account and/or the Interest Reserve Account so that the amount of funds on deposit in such accounts will be equal to the Loss Reserve Specified Balance and the Interest Reserve Specified Balance, respectively.

  • If, on any Purchase Date or Sale Date, after giving effect to all transactions on such date, the amount of funds in the Series 2000-1 Loss Reserve Account exceeds the Series 2000-1 Loss Reserve Specified Balance, then the Servicer may instruct the Indenture Trustee in writing to withdraw the amount of such excess for payment to or at the direction of the Issuer.

  • The Concentration Account, Interest Account and Specified Balance listed below are subject to Bank’s Corporate Cash Management Account Service Description.

  • On the Series Issuance Date for the Series 2000-1 Notes, the Issuer shall cause to be deposited in the Series 2000-1 Interest Reserve Account an amount of cash or Eligible Investments equal to the Series 2000-1 Interest Reserve Specified Balance on such date.

  • If the actual average outstanding principal balance of the Revolving Loans in any month is less than $1,000,000 (the “Specified Balance”), Borrowers shall pay interest on the Revolving Loan for such month calculated as if the average outstanding principal balance of the Revolving Loans were the Specified Balance.

  • If, on any Purchase Date or Sale Date, after giving effect to all transactions on such date, the amount of funds in the Series 2000-1 Interest Reserve Account exceeds the Series 2000-1 Interest Reserve Specified Balance, then the Servicer may instruct the Indenture Trustee in writing to withdraw the amount of such excess for payment to or at the direction of the Issuer.

  • Concentration Account Name Account Number Specified Balance (if desired) $ Interest Account Name ((May be the Concentration Account) Account Number Agreed To and Accepted By: Company: P2P Credit, Inc.


More Definitions of Specified Balance

Specified Balance means the amount equal to the amount of interest due in respect of the Notes for the then remaining Interest Periods after the Issue Date, being initially CNY200,200,000 as at the Issue Date as reduced by the interest payment on each Interest Payment Date.
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Specified Balance. ’ means the amount equal to the amount of interest due in respect of the Notes for one Interest Period, on Issue Date being U.S.$6,750,000; and
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Specified Balance means a designated specific Collected Balance in a Deposit Account.
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Specified Balance of an individual at any time means the amount by which the aggregate of all eligible amounts received by the individual at or before that time exceeds the aggregate of all amounts designated under section
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Specified Balance means, with respect to a Reserve Account, the Specified Balance for such Reserve Account specified in the Series Supplement related to the Series for which such Reserve Account was established.
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Related to Specified Balance

  • Targeted Balance With respect to any group of Targeted Principal Classes or Components in the aggregate and any Distribution Date appearing in Schedule V hereto, the Aggregate Targeted Balance for such group and Distribution Date. With respect to any other Targeted Principal Class or Component and any Distribution Date appearing in Schedule V hereto, the applicable amount appearing opposite such Distribution Date for such Class or Component.

  • Scheduled Balance Not applicable.

  • Planned Balance With respect to any group of Planned Principal Classes or Components in the aggregate and any Distribution Date appearing in Schedule V hereto, the Aggregate Planned Balance for such group and Distribution Date. With respect to any other Planned Principal Class or Component and any Distribution Date appearing in Schedule V hereto, the applicable amount appearing opposite such Distribution Date for such Class or Component.

  • 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.

  • Required Balance has the meaning set forth in the Reinsurance Agreement.

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

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

  • 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.

  • 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.

  • Specified Reserve Fund Balance means, on the Closing Date $3,846,153.85, and with respect to any Payment Date 0.25% of the initial aggregate principal balance of the Receivables as of the Cutoff Date.

  • Uncertificated Balance The amount of the REMIC Regular Interests outstanding as of any date of determination. As of the Closing Date, the Uncertificated Balance of each REMIC Regular Interest shall equal the amount set forth in the Preliminary Statement hereto as its initial uncertificated balance. On each Distribution Date, the Uncertificated Balance of the REMIC Regular Interest shall be reduced by all distributions of principal made on such REMIC Regular Interest on such Distribution Date pursuant to Section 5.01 of this Agreement and, if and to the extent necessary and appropriate, shall be further reduced on such Distribution Date by Realized Losses as provided in Section 5.04 of this Agreement and the Uncertificated Balance of REMIC II Regular Interest ZZ shall be increased by interest deferrals as provided in Section 5.01 of this Agreement. The Uncertificated Balance of each REMIC Regular Interest shall never be less than zero.

  • Payahead Balance means, for a Lease:

  • REMIC II Subordinated Balance Ratio The ratio among the Uncertificated Balances of each REMIC II Regular Interest ending with the designation “SUB,”, equal to the ratio between, with respect to each such REMIC II Regular Interest, the excess of (x) the aggregate Stated Principal Balance of the Group I Mortgage Loans or Group II Mortgage Loans, as applicable over (y) the current Certificate Principal Balance of related Class A Certificates.

  • REMIC I Subordinated Balance Ratio The ratio among the Uncertificated Principal Balances of each of the REMIC I Regular Interests ending with the designation "A," equal to the ratio among, with respect to each such REMIC I Regular Interest, the excess of (x) the aggregate Scheduled Principal Balance of the Mortgage Loans in the related Loan Group over (y) the Current Principal Amount of the Senior Certificates in the related Group.

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

  • Specified Spread Account Balance means on the Closing Date, % of the sum of the Pool Balance as of the [Initial] Cutoff Date and on any Payment Date thereafter the lesser of, (a) % of the [sum of (i) the] Pool Balance as of the [Initial] Cutoff Date [plus (ii) the aggregate Contract Value of all Subsequent Receivables sold to the Trust as of their respective Cutoff Dates] and (b) the outstanding principal amount of the Notes. However, if (A) the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) will be reduced to % on such Payment Date and will remain at such percentage for each Payment Date thereafter unless further reduced on the Payment Dates as provided in the following clauses (B), (C) or (D); (B) if the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) of the preceding sentence will be reduced to % on such Payment Date (regardless of whether the Specified Spread Account Reduction Trigger was met on the Payment Date in [Month] 20XX or any Payment Date thereafter and will remain at such percentage for each Payment Date thereafter unless further reduced on the Payment Date as provided in the following clause (C) or (D); (C) the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) of the preceding sentence will be reduced to % on such Payment Date (regardless of whether the Specified Spread Account Reduction Trigger was met on the Payment Dates in [Month] 20XX or any Payment Date thereafter or [Month] 20XX or any Payment Date thereafter) and will remain at such percentage for each Payment Date thereafter unless further reduced on the Payment Date as provided in the following clause (D); and (D) the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) of the preceding sentence will be reduced to % on such Payment Date (regardless of whether the Specified Spread Account Reduction Trigger was met on the Payment Dates in [Month] 20XX or any Payment Date thereafter, [Month] 20XX or any Payment Date thereafter or [Month] 20XX or any Payment Date thereafter) and will remain at such percentage for each Payment Date thereafter. In addition to the ability to amend the “Specified Spread Account Balance” definition pursuant to Section 9.1(a) of the Indenture, the Specified Spread Account Balance may also be reduced or modified without the consent of the Holders of the Notes if the Rating Agency Condition is satisfied with respect to such reduction or modification.

  • Planning Period Balance means the entire period of time remaining in the Planning Period following the month that a monthly auction is conducted.

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

  • 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.

  • 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.