Unpaid Balance of the Credit definition

Unpaid Balance of the Credit means, at any time, the aggregate amount due to the Bank in respect of the Credit by way of principal, interest, fees, bank charges, reasonable legal fees and/or expenses of any kind whatsoever which have accrued to such date, whether or not they have been debited to the Loan Account.
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Unpaid Balance of the Credit means, at any time, the aggregate amount due to the Bank in respect of the Credit by way of principal, interest, linkage differentials, fees, bank charges, reasonable legal fees and/or expenses of any kind whatsoever which have accrued to such date, whether or not they have been debited to the Company’s account. In the event the Bank shall, at any time, issue any standby or documentary letter of credit or bank guarantee under the Credit, then: (a) the maximum aggregate amount that a beneficiary of any such standby or documentary letter of credit or bank guarantee may, at any time, draw thereunder (as such aggregate amount may be reduced from time to time pursuant to the terms thereof); and (b) the amount the Bank has paid the beneficiary thereof (the sum of paragraphs (a) and (b) of this definition not being an amount greater than the face value thereof) and any other amount payable by the Company pursuant to Section 10 of the General Terms in respect of any such standby or documentary letter of credit or bank guarantee, shall, for the avoidance of doubt, be deemed to form part of the Unpaid Balance of the Credit. For the purposes of the foregoing, if any of the foregoing is denominated in a currency other than USD, there shall be calculated the equivalent thereof in USD at such time.
Sample 1
Unpaid Balance of the Credit means, at any time, the aggregate amount due to the Bank in respect of the Credit by way of principal, interest, fees, bank charges, reasonable legal fees and/or expenses of any kind whatsoever which have accrued to such date, whether or not they have been debited to the Loan Account. [*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, IS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 UNDER THE SECURITIES ACT OF 1933, AS AMENDED.
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Examples of Unpaid Balance of the Credit in a sentence

  • In the event in which the determining ratio as hereinafter defined will be during two consecutive business days lower than 1.10, Nuco shall be obligated within one day from the end of the said two business days, to notify the Bank in writing whether it intends to supplement additional securities to its satisfaction, so that the ratio of the aggregate value of the total securities to the Unpaid Balance of the Credit, shall be in the Bank's opinion.

  • In the event in which the determining ratio as hereinafter defined will be during seven consecutive business days lower than 1.25 and higher than 1.15, Nuco shall be obligated within three days from the end of the said seven business days, to notify the Bank in writing whether it intends to supplement additional securities to its satisfaction, so that the ratio of the aggregate value of the total securities to the Unpaid Balance of the Credit, shall be in the Bank's opinion, higher than 1.25.

  • Should Nuco inform the Bank that it does not intend to supplement securities or if the Bank receives no notice from Nuco in this respect during the said day, the Bank shall be entitled at the end of the said day, to demand the immediate payment of the Unpaid Balance of the Credit without any notice or any prior notice.

  • Should Nuco inform the Bank that it does not intend to supplement securities or if the Bank receives no notice from Nuco in this respect during the said two days, the Bank shall be entitled at the end of the said two days, to demand the immediate payment of the Unpaid Balance of the Credit without any notice or any prior notice.

  • In order to eliminate any doubt, it is expressly stated that in any case in which the Bank will be entitled to demand the immediate payment of the Unpaid Balance of the Credit, the Bank shall also be entitled to enforce the charged shares.

  • Should Nuco inform the Bank that it does not intend to supplement securities or if the Bank receives no notice from Nuco in this respect during the said three days, the Bank shall be entitled at the end of the said three days, to demand the immediate payment of the Unpaid Balance of the Credit without any notice or any prior notice.

  • The "Determining Ratio" under this clause is the ratio of the market value of the shares charged in the Bank's favor, as it is on the relevant date, to the Unpaid Balance of the Credit at that time.

  • In order to eliminate any doubt, it is expressly stated that in such a case, the Bank shall also have the right to demand the immediate payment of all the Unpaid Balance of the Credit.

  • In the event in which the determining ratio as hereinafter defined will be during four consecutive business days lower than and/or equal to 1.15 and higher (inclusively) than 1.10, Nuco shall be obligated within two days from the end of the said four business days, to notify the Bank in writing whether it intends to supplement additional securities to its satisfaction, so 23 that the ratio of the aggregate value of the total securities to the Unpaid Balance of the Credit, shall be in the Bank's opinion.

Related to Unpaid Balance of the Credit

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

  • 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.

  • 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.

  • Unpaid Realized Loss Amount With respect to any Class A Certificates and as to any Distribution Date, is the excess of Applied Realized Loss Amounts with respect to such Class over the sum of all distributions in reduction of the Applied Realized Loss Amounts on all previous Distribution Dates. Any amounts distributed to the Class A Certificates in respect of any Unpaid Realized Loss Amount shall not be applied to reduce the Certificate Principal Balance of such Class.

  • Aggregate Planned Balance With respect to any group of Planned Principal Classes or Components and any Distribution Date, the amount set forth for such group for such Distribution Date in Schedule V hereto.

  • 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.

  • Reserve Account Excess Amount means, with respect to any Payment Date, an amount equal to the excess, if any, of (a) the amount of cash or other immediately available funds in the Reserve Account (excluding any net investment earnings) on that Payment Date, after giving effect to all deposits to and withdrawals from the Reserve Account on such Payment Date, over (b) the Specified Reserve Account Balance with respect to such Payment Date.

  • Group II Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group II Loans.

  • Loan Group II Cap With respect to the Group II Mortgage Loans as of any Distribution Date, the product of (i) the weighted average of the Adjusted Net Mortgage Rates then in effect on the beginning of the related Due Period on the Group II Mortgage Loans and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the Interest Accrual Period related to such Distribution Date.

  • Related Loan Group For Group 1, Loan Group 1; for Group 2, Loan Group 2; for Group 3, Loan Group 3; and for Group 4, Loan Group 4.

  • Credit Enhancement Percentage For any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the sum of the aggregate Certificate Principal Balances of the Mezzanine Certificates and the Class CE Certificates, and the denominator of which is the aggregate Stated Principal Balance of the Mortgage Loans, calculated after taking into account distributions of principal on the Mortgage Loans and distribution of the Principal Distribution Amount to the Certificates then entitled to distributions of principal on such Distribution Date.

  • Loan Group I Cap With respect to the Group I Mortgage Loans as of any Distribution Date, the product of (i) the weighted average of the Adjusted Net Mortgage Rates then in effect on the beginning of the related Due Period on the Group I Mortgage Loans and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the Interest Accrual Period related to such Distribution Date.

  • Class C Unpaid Realized Loss Amount As of any Distribution Date, the excess of (1) the Class C Applied Realized Loss Amount over (2) the sum of (x) all distributions in reduction of the Class C Unpaid Realized Loss Amounts on all previous Distribution Dates and (y) all increases in the Certificate Principal Balance of such Class C Certificates pursuant to the last sentence of the definition of "Certificate Principal Balance."

  • Loan Group 5 The Group 5 Mortgage Loans.

  • 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.

  • Loan Group III The group of Mortgage Loans identified in the Mortgage Loan Schedule as having been assigned to Loan Group III.

  • Excess Loss Account has the meaning set forth in Reg. Section 1.1502-19.

  • Yield Supplement Overcollateralization Amount means, with respect to any calendar month and the related Payment Date, or with respect to the Closing Date, the aggregate amount by which the Principal Balance as of the last day of the related Collection Period or the Cutoff Date, as applicable, of each of the related Receivables with an APR as stated in the related contract of less than the Required Rate, other than Defaulted Receivables, exceeds the present value, calculated by using a discount rate equal to the Required Rate, of each scheduled payment of each such Receivables assuming such scheduled payment is made on the last day of each month and each month has 30 days.

  • Aggregate Collateral Balance means, as at any Measurement Date, the amount equal to the aggregate of the following amounts, as at such Measurement Date:

  • Loan Group 4 The Group 4 Mortgage Loans.

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

  • Group I Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group I Loans.

  • 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.

  • Class C Reserve Account Percentage means, for any Distribution Date on which a condition in the left column of the following table was in effect on the immediately preceding Distribution Date, the percentage in the corresponding right column of the following table (or if more than one conditions were in effect on the immediately preceding Distribution Date, the largest percentage). Condition: The three-month rolling average Excess Spread Percentage is: Class C Reserve Account Percentage:

  • Loan Group Any of Loan Group 1 or Loan Group 2, as applicable.