Minimum Deposit Amount Sample Clauses
The Minimum Deposit Amount clause sets a required threshold for the initial or ongoing deposit that must be made under an agreement. This clause specifies the lowest sum of money that a party, typically a customer or tenant, must pay upfront or maintain in an account to activate or continue the contractual relationship. For example, a rental agreement may require a tenant to deposit at least $1,000 before moving in, or a service contract may stipulate a minimum balance to access certain features. The core function of this clause is to ensure that a baseline financial commitment is established, reducing the risk of default and providing security for the party receiving the deposit.
POPULAR SAMPLE Copied 1 times
Minimum Deposit Amount. CIBC will determine the minimum amount for each Deposit and may change that minimum amount from time to time.
Minimum Deposit Amount. Borrower shall maintain at least $10,000,000 of average collected balances in non-interest bearing demand deposit accounts with CONA at all times during the period commencing on the Second Amendment Effective Date through and including the Maturity Date.”
Minimum Deposit Amount. The minimum deposit unit shall be at least one subsidiary currency unit of each currency.
Minimum Deposit Amount. The minimum deposit amount of the Time Deposit shall be 1,000 yen per unit. The minimum deposit amount of the Premium Time Deposit shall be 10,000,000 yen per unit.
Minimum Deposit Amount. If, at the time of the Tranche 3 Borrowing, Borrower is required to maintain the Minimum Deposit Amount in the Cash Collateral Account pursuant to Section 10.03, then the amount on deposit in the Cash Collateral Account, after giving effect to such Borrowing, shall be equal to the Minimum Deposit Amount in effect at such time; provided that Borrower shall provide evidence to Administrative Agent showing that immediately prior to such funding of the Tranche 3 Loans, Borrower has deposited $2,500,000 in immediately available funds in the Cash Collateral Account. Borrower shall indicate in the Notice of Borrowing for the Tranche 3 Borrowing whether the proceeds of the Tranche 3 Borrowing are to be transmitted by the Administrative Agent to the Cash Collateral Account on the Borrowing Date to satisfy the Minimum Deposit Amount in effect at such time.
Minimum Deposit Amount. If, at the time of such Tranche 2 Borrowing, Borrower is required to maintain the Minimum Deposit Amount in the Cash Collateral Account pursuant to Section 10.03, and the amount then on deposit in the Cash Collateral Account, after giving effect 1 NTD: Exhibit B form of Notice of Borrowing to be revised to add provision for Borrower to direct Admin Agent to fund proceeds of Borrowing to the Cash Collateral Account. to such Tranche 2 Borrowing, shall not be equal to the required Minimum Deposit Amount, then the Administrative Agent may disburse funds in the amount of such Tranche 2 Borrowing by wire transfer directly to the Cash Collateral Account and Borrower, within two (2) Business Days thereafter, shall deposit in the Cash Collateral Account an amount of any shortfall then existing necessary to satisfy the required Minimum Deposit Amount.
Minimum Deposit Amount. BOCC will determine the minimum amount for each Deposit to an Account Option, and may change that minimum amount from time to time.
Minimum Deposit Amount. If, at the time of such Tranche 2 Borrowing, Borrower is required to maintain the Minimum Deposit Amount in the Cash Collateral Account pursuant to Section 10.03, and the amount then on deposit in the Cash Collateral Account, after giving effect to such Tranche 2 Borrowing, shall not be equal to the required Minimum Deposit Amount, then the Administrative Agent may disburse funds in the amount of such Tranche 2 Borrowing by wire transfer directly to the Cash Collateral Account and Borrower, within two (2) Business Days thereafter, shall deposit in the Cash Collateral Account an amount of any shortfall then existing necessary to satisfy the required Minimum Deposit Amount.