Minimum Escrow Balance Sample Clauses

Minimum Escrow Balance. (i) NMCG shall deposit an amount equivalent to the first 2 Jagjeetpur Payment Milestones and the first 2 Sarai Payment Milestones prior to the Effective Date. From the Effective Date and during the Construction Period, NMCG shall ensure that the Escrow Account is funded with an amount equivalent to the next 2 Jagjeetpur Payment Milestones and the next 2 Sarai Payment Milestones for both the Jagjeetpur Facilities and the Sarai Facilities; and
Sample 1
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Minimum Escrow Balance. (i) NMCG shall deposit an amount equivalent to the first 2 Payment Milestones prior to the Effective Date. From the Effective Date, it shall ensure that the Escrow Account is funded with an amount equivalent to the next 2 Payment Milestones until the Mirzapur Facilities COD; and
Sample 1
Minimum Escrow Balance. (i) NMCG shall deposit an amount equivalent to the first Payment Milestone prior to the Effective Date. From the Effective Date and during the Construction Period, NMCG shall ensure that the Escrow Account is funded with an amount equivalent to the next Payment Milestone; and
Sample 1
Minimum Escrow Balance i. The Authority shall deposit an amount equivalent to the first two Payment Milestone within 60 (sixty) days from the Appointed Date. During the remainder of the Construction Period, the Authority shall ensure that the Escrow Account is funded with an amount equivalent to the next Payment Milestone (the “Construction Period Minimum Escrow Balance”); and
Sample 1

Related to Minimum Escrow Balance

  • Remaining Balance Each Receivable has a remaining balance of at least $2,004.65 and not greater than $49,261.30.

  • Minimum Balance Requirements To be a member and maintain Accounts with Us You must purchase 1 share in the Credit Union. The par value of a share in this Credit Union is $5.00. If the balance in Your primary share Account drops below 1 share ($5.00), at any time, We may, at Our option, close Your Account. Nonsufficient Funds Returns. Any share draft or pre-authorized transfer, or transaction made through the use of a debit card, or other electronic means, as is applicable (including any in-person transaction), that is presented to Us for payment on Your Account when Your Account lacks sufficient collected funds to pay any such item may, at Our option, be returned for nonsufficient funds or We may honor any such item and charge You a fee for doing so. Overdraft Balance Calculation. When processing transactions that debit or credit Your Account, We start each Business Day with Your final Account balance from the preceding Business Day. The final balance takes into account all of the debit and credit transactions that were settled that Business Day pursuant to Our Funds Availability Policy, as well as any other debits or credits to Your Account that were finally settled that day, as described above in the "Deposit of Items" and "Collection and Processing of Items" sections of the Account Agreement. This starting balance at the beginning of a Business Day (the preceding Business Day's final balance) is sometimes referred to as Your "actual balance." As credits and debits to Your Account are received by Us, We add them to and subtract them from Your actual balance. Examples of credits include, but are not limited to, electronic direct deposits, check deposits that have been fully and finally collected, ACH credits that have settled that day, and cash deposits made to one of Our tellers. Examples of debits include, but are not limited to, checks drawn on Your Account that are presented to Us for payment, electronic fund transfer (EFT) debit transactions (such as preauthorized payments and settled EFT debits), memo-posted EFT debits (EFT debits that We have authorized but which have not been settled), and Credit Union fees and charges. The result of this calculation at any given point in time is called Your "available balance." For the purpose of determining whether an overdraft has occurred, We use Your available balance. First, We add all of the settled credit transactions to the beginning actual balance. Then, We subtract all of the debit transactions that settled that day. We also subtract all of the pending debit transactions. This determines the available balance for overdraft purposes. Each debit transaction that We process when Your Account has a negative available balance is an overdraft, subject to an overdraft charge. Subject to applicable law, You are responsible for paying any overdraft fees and charges assessed in connection with Our payment of an overdraft, as well as any NSF fees charged to Your Account when We dishonor and return an item for non- sufficient funds. It is Your responsibility to know Your Account balance, and if You have any questions You should contact a Credit Union representative.

  • Minimum Payment (a) Overtime worked on a Saturday or Sunday will be paid for at the rate of double Ordinary Rates. Employees required to work on a Saturday or Sunday will be afforded a minimum 4 hours work, or be paid as if for 4 hours at the aforementioned overtime rates.

  • Direct Deposit If you have arranged to have a direct deposit made to your account at least once every 60 days from the same source and you do not receive a receipt (such as a pay stub), you can find out whether or not the deposit has been made by calling (000) 000-0000 or (000) 000-0000. This does not apply to transactions occurring outside the United States.

  • Average Contribution Amount For purposes of this Agreement, to ensure that all employees enrolled in health insurance through the City’s HSS are making premium contributions under the Percentage-Based Contribution Model, and therefore have a stake in controlling the long term growth in health insurance costs, it is agreed that, to the extent the City's health insurance premium contribution under the Percentage-Based Contribution Model is less than the “average contribution,” as established under Charter section A8.428(b), then, in addition to the City’s contribution, payments toward the balance of the health insurance premium under the Percentage-Based Contribution Model shall be deemed to apply to the annual “average contribution.” The parties intend that the City’s contribution toward employee health insurance premiums will not exceed the amount established under the Percentage-Based Contribution Model.

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