Unfunded Balance with respect to the Building Aid, means Annual School Bond Debt Service remaining to be paid in a Fiscal Year, plus Annual School Bond Debt Service for the following Fiscal Year, minus the amount held in the School Bond Account, but not less than zero.
Unfunded Balance has the meaning set forth in Section 5.08(c). Unrealized Gain attributable to any item of Company property means, as of any date of determination, the excess, if any, of (a) the fair market value of such property as of such date (as determined under Section 5.06(d)) over (b) the Carrying Value of such property as of such date (prior to any adjustment to be made pursuant to Section 5.06(d) as of such date). Unrealized Loss attributable to any item of Company property means, as of any date of determination, the excess, if any, of (a) the Carrying Value of such property as of such date (prior to any adjustment to be made pursuant to Section 5.06(d) as of such date) over (b) the fair market value of such property as of such date (as determined under Section 5.06(d)). ZRX means ZRX L.L.C., a Michigan limited liability company which is a member of ACG.
Unfunded Balance means, in the case of each Construction Loan, on the date of determination, the difference between (a) the Construction Loan Limit for such loan and (b) the balance of that Construction Loan.
Examples of Unfunded Balance in a sentence
If at any time the Unfunded Balance is zero, the Trustee shall transfer any amount in the School Bond Account to the Collection Account as Building Aid.
More Definitions of Unfunded Balance
Unfunded Balance means, in the case of the Construction Loan, on the date of determination, the difference between (a) the Construction Loan Limit for such loan and (b) the balance of the Construction Loan.