Common use of Compensating Balances Clause in Contracts

Compensating Balances. The Borrower will maintain on deposit with the Bank in non-interest bearing accounts average daily collected balances, in excess of that required to support account activity and other credit facilities extended to the Borrower by the Bank, an amount at least equal to the sum of (i) $ N/A and (ii) N/A % of the Loan Amount as computed on a monthly basis. If the Borrower fails to keep and maintain such balances, it will pay a deficiency fee, payable within five days after receipt of a statement therefor calculated on the amount by which the Borrower s average daily balances are less than the requirements set forth above, computed at a rate equal to the rate set forth in the Note.

Compensating Balances. The Borrower will maintain on deposit with the Bank in non-interest bearing accounts average daily collected balances, in excess of that required to support account activity and other credit facilities extended to the Borrower by the Bank, an amount at least equal to the sum of (i) $ Nn/A a and (ii) Nn/A a % of the Loan Amount as computed on a monthly basis. If the Borrower fails to keep and maintain such balances, it will pay a deficiency fee, payable within five days after receipt of a statement therefor therefore calculated on the amount by which the Borrower s Borrower’s average daily balances are less than the requirements set forth above, computed at a rate equal to the rate set forth in the Note.

Compensating Balances. The Borrower will maintain on deposit with the Bank in non-interest bearing accounts average daily collected balances, in excess of that required to support account activity and other credit facilities extended to the Borrower by the Bank, an amount at least lease equal to the sum of (i) $ Nn/A a and (ii) Nn/A a % of the Loan Amount as computed on a monthly basis. If the Borrower fails to keep and maintain such balances, it will pay a deficiency fee, payable within five days after receipt of a statement therefor therefore calculated on the amount by which the Borrower s Borrower’s average daily balances are less than the requirements set forth above, computed at a rate equal to the rate set forth in the Note.

Compensating Balances. The Borrower will maintain on deposit with the Bank in non-interest bearing accounts average daily collected balances, in excess of that required to support account activity and other credit facilities extended to the Borrower by the Bank, an amount at least equal to the sum of (i) $ Nn/A a and (ii) Nn/A % a% of the Loan Amount as computed computed on a monthly basis. If the Borrower fails to keep and maintain such balances, it will pay a deficiency fee, payable within five days after receipt of a statement therefor calculated on the amount by which the Borrower s Borrower’s average daily balances are less than the requirements set forth above, computed at a rate equal to the rate set forth in the Note.

Compensating Balances. The Borrower will maintain on deposit with the Bank in non-interest bearing accounts average daily collected balances, in excess of that required to support account activity and other credit facilities extended to the Borrower by the Bank, an amount at least equal to the sum of (i) $ Nn/A a and (ii) Nn/A a % of the Loan Amount as computed on a monthly basis. If the Borrower fails to keep and maintain such balances, it will pay a deficiency fee, payable within five days after receipt of a statement therefor calculated on the amount by which the Borrower s Borrower’s average daily balances are less than the requirements set forth above, computed at a rate equal to the rate set forth in the Note.

Compensating Balances. The Borrower will maintain on deposit with the Bank in non-interest bearing accounts average daily collected balances, in excess of that required to support account activity and other credit facilities extended to the Borrower by the Bank, Bank an amount at least equal to the sum of (i) $ Nn/A a and (ii) Nn/A a % of the Loan Amount as computed on a monthly basis. If the Borrower fails to keep and maintain such balances, it will pay a deficiency fee, payable within five days after receipt of a statement therefor calculated on the amount by which the Borrower s Borrower’s average daily balances are less than the requirements set forth above, computed at a rate equal to the rate set forth in the Note.,