Beginning Balance Clause Samples
Beginning Balance. Deposits: ---------- ----------- ---------- ------- ------- ---------- ----------- ---------- ------- ------- ---------- ----------- ---------- ------- ------- Total Deposits ----------- ---------- ------- ------- Authorized Disbursements: Description: --------- ----------- ---------- ------- ------- --------- ----------- ---------- ------- ------- --------- ----------- ---------- ------- ------- --------- ----------- ---------- ------- ------- --------- ----------- ---------- ------- ------- --------- ----------- ---------- ------- ------- Total Disbursements: ----------- ---------- -------- ------ Ending Balance: (1) ----------- ---------- -------- ------ Required Balance: ----------- ---------- -------- ------ Over/under funding: ----------- ---------- -------- ------
Beginning Balance. EXAMPLE:
Beginning Balance. For the first day of a billing period, the beginning balance is the ending balance for the prior billing period, including unpaid interest. For the rest of the billing period, the beginning balance is the previous day's daily balance plus an amount of interest equal to the previous day's daily balance multiplied by the DPR for that balance. This method of figuring the beginning balance results in daily compounding of interest.
Beginning Balance. For the first day of a billing period, the beginning balance is the ending balance for the prior billing period, including unpaid interest. For the rest of the billing period, the beginning balance is the previous day's Daily Balance plus an amount of interest equal to the previous day's Daily Balance Subject to Interest multiplied by the DPR for that balance. This method of calculating the beginning balance results in daily compounding of interest. When an interest rate changes, the new DPR may Other methods come into effect during--not just at the beginning of-- To calculate the ADB and interest charges, we the billing period. When this happens, we will create may use other formulas or methods that produce a new balance and apply the new DPR to it. To get equivalent results. Also, we may choose not to charge the beginning balance on the first day for this new interest on certain types of charges. balance, we multiply the previous day's Daily Balance Subject to Interest by the old DPR and add the result to that day's daily balance compounding of interest. Determining the Prime Rate We use the Prime Rate from the rates section of The Wall Street Journal. The Prime Rate for each billing period is the Prime Rate published in The Wall Street Journal on the Closing Date of the billing period. The Wall Street Journal may not publish the Prime Rate on that day. If it does not, we will use the Prime Rate from the previous day it was published. If The Wall Street Journal is no longer published, we may use the Prime Rate from any other newspaper of general circulation in New York, New York. Or we may choose to use a similar published rate. If the Prime Rate increases, variable APRs (and corresponding DPRs) will increase. In that case, you may pay more interest and may have a higher Minimum Payment Due. When the Prime Rate changes, the resulting changes to variable APRs take effect as of the first day of the billing period. If you make a charge in a foreign currency, AE Exposure Management Ltd. ("AEEML") will convert it into U.S. dollars on the date we or our agents process it, so that we bill you for the charge in U.S. dollars based upon this conversion. Unless a particular rate is required by law, AEEML will choose a conversion rate that is acceptable to us for that date. The rate AEEML uses is no more than the highest official rate published by a government agency or the highest interbank rate AEEML identifies from customary banking sources on the conversion date...
Beginning Balance. $ --------------------------- 2. Interest and earnings for the related Payment Date............................ $ ---------------------------
Beginning Balance. $ --------------- 2. Principal Funding Account Investment Proceeds for the related Payment Date....... $ --------------- 3. Principal Funding Account Investment Proceeds to be deposited into the Collection Account included as Available Finance Charge Collections....
Beginning Balance. $ --------------- 2. Investment Earnings since the preceding Payment Date............................. $ ---------------
Beginning Balance. Deposit – Funds from Collection Account Deposit from Originator Deposit - Servicer Advance Deposit - Rollover cash Deposit - Interest Income Withdrawal - Servicer Advance Repayment Withdrawal - Invested Amount Repayment Withdrawal - Rollover cash Outstanding Servicer Advance Outstanding Trapped Cash● Withdrawal - Funds to the Bank Account Ending Balance ●Target Receivables Amount insufficiency and/or Principal reduction amounts. Beginning Receivables Balance Plus: FX Adjustment Less: Aggregate Daily Collections Plus: New Sales Less: Non-Contractual Dilutions Less: Timely Payment Discount Issued Less: Volume Rebate Issued Less: Commissions Issued Less: Write-Offs Prior to 60 days Less: Write-Offs Past to 60 days Less: Originator Adjustment/Payment Repurchased Receivables Plus: Misdirected Payments Plus: Mechanical Zero Offsets for PU USA Plus: Other Adjustments Ending Receivables Balance Less: Defaulted Receivables Less: Obligor Overconcentration Amount Less: Obligor Country Overconcentration Amount Less: Originator Country Overconcentration Amount Less: Commission/Timely Payment Accruals Less: Volume Rebate Accruals Less: A/P Offsets Aggregate Receivables Amount Cash for Repurchased Receivables Additional Trapped Cash* Master Servicer Outstanding as of end of Settlement Period Invested Percentage Invested Amount Adjusted Invested Amount Required Subordinated Amount Target Receivables Amount Allocated Receivables Amount Collateral Compliance Trapped Cash* Purchase Price Ratio Series Carrying Cost Reserve Ratio Servicing Reserve Ratio
Beginning Balance. $ --------------- 2. Interest income from investments in the related Monthly Period pursuant to subsection 8.03 (b) of the Master Indenture...................................... $ --------------- 3. Deposits made pursuant to subsections 4.01(b)(ii), 4.01(c)(ii)(x), 01(c)(ii)(y) and 4 4.01(c)(ii)(z) of the Series 2000-C Indenture Supplement... $ ---------------
Beginning Balance. $ --------------------------- 2. Interest income from investments in the related Monthly Period pursuant to subsection 8.03 (b) of the Master Indenture................................... $ --------------------------- 3. Deposits made pursuant to subsections 4.01(b)(ii), 4.01(c)(ii)(x), 4.01(c)(ii)(y) and 4.01(c)(ii)(z) of the Series 2000-C Indenture Supplement... $ --------------------------- 4. Interest income withdrawn to be included as Available Finance Charge Collections................................................................... $ --------------------------- 5. Amount withdrawn to be treated as Shared Principal Collections pursuant to subsection 8.03 (b) of the Master Indenture................................... $ --------------------------- 6. Amount withdrawn and paid to the holders of the Trust Beneficial Interest or Certificates pursuant to subsection 8.03 (b) of the Master Indenture..........