Common use of Current Balance Clause in Contracts

Current Balance. For each loan in the Sample Pool, we confirmed whether the current balance shown on the Sample Pool agreed, to within 0.5%, of the current balance shown on the System as at the Cut-off Date. We found that the current balance agreed to within 0.5% of the current balance shown on the System as at the Cut-off Date, [except for x cases /with no exception]. As a result of the procedures performed there is a 99% confidence that not more than x% of the First Pool Run contained errors.

Appears in 2 contracts

Sources: Asset Monitor Agreement, Asset Monitor Agreement