Aggregate Balances Clause Samples

The Aggregate Balances clause defines how the total amount of funds or assets held across multiple accounts or positions is calculated and managed under an agreement. In practice, this clause specifies whether balances from different sources can be combined for purposes such as meeting minimum thresholds, calculating fees, or determining compliance with contractual requirements. Its core function is to provide clarity and consistency in how aggregate amounts are treated, thereby preventing disputes and ensuring all parties have a shared understanding of their obligations and entitlements.
Aggregate Balances. Neither the Obligor under a Receivable nor any of its affiliates is the Obligor under a Receivable or Receivables with an aggregate Receivable Balance greater than $40,000 as of the applicable Cutoff Date.
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Related to Aggregate Balances

  • Aggregate Principal Amount The aggregate principal amount of the Senior Notes that may be authenticated and delivered under this Second Supplemental Indenture shall be unlimited; provided that the Obligor complies with the provisions of this Second Supplemental Indenture.

  • Negative Balances If your Stripe Account balance (or the Stripe Account balance of any User Group Entity) is negative, or does not contain funds sufficient to pay amounts that you (or a User Group Entity) owe to Stripe, its Affiliates or Customers, then without limiting Stripe’s rights under Sections 4.2 and 4.3 of the General Terms, Stripe may debit the User Bank Accounts by the amount necessary to collect, and pay out to Customers if applicable, the amounts you owe.

  • Original Class B Principal Balance The Original Class B Principal Balance is $7,500,485.88.

  • Aggregate Net Assets For each Retirement Distribution Portfolio, Aggregate Net Assets include the net assets of all the JHF II Retirement Distribution Portfolios.

  • Original Class A Percentage Section 11.05 Original Principal Balances of the Classes of Class A Certificates............................................