Surplus Balance definition

Surplus Balance means the amount available under a Bond Indenture that is in excess of (i) the amount held in the Assistance Account established under the applicable Bond Indenture to pay from time to time debt service on Bonds in accordance with the terms of such Bond Indenture and (ii) any other amounts specified in such Bond Indenture to be paid from moneys received from transfers from SWIFT, that is transferred to the Master Trustee under the terms of the Master Indenture.
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Surplus Balance. With respect to any Series, the difference as of any determination date between the Aggregate Collateral Value and the outstanding aggregate principal balance of the related Bonds.
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Surplus Balance as at the end of any fiscal quarter, the amount by which the amount of cash and Cash Equivalents of the Borrower and its Subsidiaries exceeds the outstanding principal amount of the Term Loan and any interest accrued thereon at such time.
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Examples of Surplus Balance in a sentence

  • In the event that a Negative Balance is forecasted that exceeds the existing Surplus Balance, Member shall forthwith cause sufficient funds to be deposited into ECNG’s Customer Account to offset the Negative Balance.

  • If a Surplus Balance has been achieved, the Borrower may increase its Product Development Costs by up to $10,000,000 over the limitation set forth in Section 6.3, for a period deemed necessary and reasonable by management, to develop the supplier side e-commerce software products.

  • Capital Surplus Balance beginning of year $ 4,196 $ 4,179 $ 3,672 Exercise of stock options -- 30 507 Redemption of preferred stock -- (13) -- ............................................................................................................

Related to Surplus Balance

  • 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.

  • Class Balance With respect to any Class of Certificates, at any time, the aggregate of the

  • Surplus Amount in respect of a particular Bid by an Anchor Investor, shall mean any amount paid in respect of such Bid that is in excess of the amount arrived at by multiplying the number of Equity Shares allocated in respect of such Bid with the Anchor Investor Offer Price, and shall include Bid Amounts below the Anchor Investor Offer Price, in respect of which no Equity Shares are to be Allotted, and in respect of refunds that are to be made after transfer of monies to the Public Offer Account, the Surplus Amount shall mean all Bid Amounts to be refunded after the transfer of monies to the Public Offer Account. For the sake of clarity, in case of an unsuccessful Bid by an Anchor Investor, the entire amount paid towards the Bid shall be considered to be the Surplus Amount;

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

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