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Target Balance Sample Clauses

Target Balance. The Target Balance shall designated by Customer.
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Target Balance. As used herein “Target balance” means the collected balance amount designated by Customer from time to time as a threshold balance to remain in Customer’s Account(s) , and which shall not be invested in any of the Commercial Sweep Services investment options.
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Target Balance. The target balance to be maintained on the Debt Service Reserve Account prior to the First Repayment Date is EUR 57 million and thereafter such amount as is sufficient to service the amounts due and payable under the Facility during the following twelve (12) months, taking into consideration any amounts held in USD in accordance with Clause 11.5 (Currency) (the “Target Balance”). Any balance on the Equity Reserve Account from time to time will count towards the Target Balance. The Debt Service Reserve Account will be funded through (a) a drawdown under Tranche C, (b) the amount determined in accordance with Clause 2.6.2 (iii) of the Shareholders’ Undertaking Agreement, (c) out of the Proceeds Account taking into consideration Clause 9.4.3(a) (Priority of Payments).
Sample 1
Target Balance. The target balance to be maintained on the Debt Service Reserve Account prior to the First Repayment Date is EUR 57 million and on each Repayment Date thereafter such amount as is sufficient to service the amounts due and payable under the Facility and the Blue Mill Facility during the following twelve (12) months, taking into consideration any amounts held in USD in accordance with Clause 11.7 (Currency) (the “Target Balance”). Any balance on the Equity Reserve Account from time to time will count towards the Target Balance. The Debt Service Reserve Account will be funded through (a) a drawdown under Tranche C, (b) the amount determined in accordance with Clause 2.4.2 (b) (iii) of the Shareholders’ Undertaking Agreement, (c) out of the Proceeds Account taking into consideration Clause 9.4.3(a) (Priority of Payments). When determining the twelve (12) months debt service, the Agent will estimate the costs of interest on the basis of the interest rates then currently payable on outstanding Advances (taking into consideration the Hedging Agreements entered into for the hedging of the interest risks and the hedging of the currency rate risk related to the debt service of the Borrower) and that repayments are
Sample 1
Target Balance. The target balance to be maintained on the Debt Service Reserve Account prior to the First Repayment Date is EUR 57 million and thereafter such amount as is sufficient to service the amounts due and payable under the Facility during the (a) a drawdown under Tranche C, (b) the amount determined in accordance with Clause 2.6.2 (iii) of the Shareholders' Undertaking Agreement, (c) out of the Proceeds Account taking into consideration Clause 9.4.3 (a) (Priority of Payments). When determining the twelve (12) months debt service, the Agent will estimate the costs of interest on the basis of the interest rates then currently payable on outstanding Advances and that repayments are made only according to Clauses 6.1 (General) to 6.3 (Repayments other than First Repayment). The Agent will notify the Borrower of the Target Balance at the latest two (2) Business Days before Acceptance and each subsequent Repayment Date following the notification on such date pursuant to Clause 4.4 (Notification).
Sample 1
Target Balance. Customer has designated a specific Collected Balance in the Main Operating Account (“Target Balance”). Subject to Provident’s approval, Customer may change the Target Balance upon submission of proper documentation and acceptance by Provident.
Sample 1
Target Balance. For purposes of this Agreement, the “Target Balance” shall mean a collected balance in the Account, of which the amount shall be listed on the Application, after the posting of all debits and credits to Company’s Account at the end of any Banking Day. The Target Balance may be modified by subsequent agreement between the parties from time to time and such modified amount shall thereafter be deemed to be the Target Balance.
Sample 1
Target Balance. The target balance to be maintained on the Debt Service Reserve Account prior to the First Repayment Date is EUR 57 million and thereafter such amount as is sufficient to service the amounts due and payable under the Facility during the following twelve (12) months, taking into consideration any amounts held in USD in accordance with Clause 11.5 (Currency) (the “Target Balance”). Any balance on the Equity Reserve Account from time to time will count towards the Target Balance. The Debt Service Reserve Account will be funded through (a) a drawdown under Tranche C, (b) the amount determined in accordance with Clause 2.6.2 (iii) of the Shareholders’ Undertaking Agreement, (c) out of the Proceeds Account taking into consideration Clause 9.4.3(a) (Priority of Payments). When determining the twelve (12) months debt service, the Agent will estimate the costs of interest on the basis of the interest rates then currently payable on outstanding Advances (taking into consideration the Hedging Agreements entered into for the hedging of the interest risks and the hedging of the currency
Sample 1
Target Balance. The target balance to be maintained on the Debt Service Reserve Account prior to the First Repayment Date is EUR 57 million and thereafter such amount as is sufficient to service the amounts due and payable under the Facility during the following twelve (12) months, taking into consideration any amounts held in USD in accordance with Clause 11.5 (Currency) (the “Target Balance”). Any balance on the Equity Reserve Account from time to time will count towards the Target Balance. The Debt Service Reserve Account will be funded through (a) a drawdown under Tranche C, (b) the amount determined in accordance with Clause 2.6.2 (iii) of the Shareholders’ Undertaking Agreement, (c) out of the Proceeds Account taking into consideration Clause 9.4.3(a) (Priority of Payments). When determining the twelve (12) months debt service, the Agent will estimate the costs of interest on the basis of the interest rates then currently payable on outstanding Advances (taking into consideration the Hedging Agreements entered into for the hedging of the interest risks and the hedging of the currency rate risk related to the debt service of the Borrower) and that repayments are made only according to Clauses 6.1 (General) to 6.3 (Repayments other than First Repayment). The Agent will notify the Borrower of the Target Balance at the latest two (2) Business Days before the 30 September 2005 and each subsequent Repayment Date following the notification on such date pursuant to Clause 4.4 (Notification).
Sample 1

Related to Target Balance

  • Account Balance The Servicer must never allow any Custodial T&I Account to become overdrawn as to any individual related Borrower. If there are insufficient funds in the account, the Servicer must advance its own funds to cure the overdraft.

  • Liability for current balance Without prejudice to clause 6.5, you are liable to pay the current balance shown on a statement of account to be outstanding as at the date of that statement of account. You may, however, pay less than the specified current balance but you must pay at least the minimum payment (calculated according to clause 6.3), which we must receive on or before the payment due date.

  • Credit Balances No interest or other amount will be paid by us on any credit balance on the Unallocated Account.

  • Minimum Balance Xxxxxxxx agrees to maintain a minimum balance of funds in the Settlement Account as Processor may specify to Merchant in writing from time to time.

  • Cash Balance Within two (2) Business Days after the end of each Fiscal Month, Borrower will deliver a certificate reporting to Agent the Cash Balance as of the last day of the Fiscal Month just ended, which certificate shall be executed and certified by a Responsible Officer of the Borrower as true and correct; (d)

  • Account Balances Balances shown in your accounts may include deposits subject to verification by us. The balance reflected in the Service may differ from your records due to deposits in progress, checks outstanding, or other withdrawals, payments or charges. A transfer request may not result in immediate availability because of the time required to process the request. A transfer request must be made before the Business Day Cut-off time to be effective the same Business Day. The balances within the Service are updated periodically and the Service will display the most current "as of" date on the "accounts" summary page. There may be situations that cause a delay in an update of your balances. The Service will use the most current balance available at the time of a transaction to base our approval for account transfers.

  • Cash Balances Uninvested cash balances in my Account will be automatically swept into the Xxxxxx Xxxxx Money Market Fund according to my previous elections and authorizations relating to the treatment of cash balances. I understand and agree that the Xxxxxx Xxxxx Money Market Fund is offered by an Xxxxxx Xxxxx affiliate and, as a result, Xxxxxx Xxxxx has a financial incentive to select the Xxxxxx Xxxxx Money Market Fund as the available cash option, instead of a third-party cash product.

  • Annual Contributions □ Check enclosed in the amount of $ representing current contribution for tax year 20 .

  • Maximum Contribution The total amount you may contribute to an IRA for any taxable year cannot exceed the lesser of 100 percent of your compensation or $6,000 for 2019 and 2020, with possible cost- of-living adjustments each year thereafter. If you also maintain a Xxxx XXX (i.e., an IRA subject to the limits of Internal Revenue Code Section (IRC Sec.) 408A), the maximum contribution to your Traditional IRAs is reduced by any contributions you make to your Xxxx IRAs. Your total annual contribution to all Traditional IRAs and Xxxx IRAs cannot exceed the lesser of the dollar amounts described above or 100 percent of your compensation.

  • Contribution Allocation The Advisory Committee will allocate deferral contributions, matching contributions, qualified nonelective contributions and nonelective contributions in accordance with Section 14.06 and the elections under this Adoption Agreement Section 3.04. PART I. [OPTIONS (a) THROUGH (d)].

Most Referenced Clauses

Most Referenced Definitions