Zero Balance. I/We acknowledge and agree that my/our MGIA shall be closed by the Bank if it appears in the Bank‟s book as zero balance when the Bank shall be entitled to conclude that the MGIA is no longer needed to serve me/us. Upon closure of the MGIA, the Passbook / Statement may, at the Bank‟s sole and absolute discretion, be retained by you.
Zero Balance. During each twelve-month period starting on the Effective Date, there shall be not less than one period of at least 30 consecutive days in which the outstanding amount of Advances (exclusive of Letters of Credit) under the Revolving Line shall be Zero Dollars ($0.00).
Zero Balance. The Borrower shall cause the outstanding principal balance of the Loans to be $0 for at least 15 consecutive days during each consecutive 12 month period following the Agreement Date.
Zero Balance. The Banks and the Borrower ------------ acknowledge that the outstanding balance of the Revolving Notes may be zero ($00.00) from time to time, and that prior to the Revolving Credit Termination Date such fact shall not mean the Revolving Loan Commitment and the availability of the Revolving Loans have been terminated.
Zero Balance. If the Release Fee received by Lender under this Agreement exceeds the then outstanding principal balance of the Loan, the amount of such excess shall be applied by Lender to reduce the outstanding principal balance of the Snow View Plaza Loan.
Zero Balance. Borrower shall maintain a zero balance on the Loan for sixty (60) consecutive days during the term of the agreement.
Zero Balance. Notwithstanding anything herein to the contrary, the outstanding balance of principal and interest due under the Revolving Note will be zero dollars for thirty (30) consecutive days during one accounting period during the term of the Lender’s commitment hereunder.
Zero Balance. If the Release Fee received by Lender under this Agreement exceeds the then outstanding principal balance of the Loan, the amount of such excess shall be applied by Lender to reduce the outstanding principal balance of the Lakeside Plaza Loan.
Zero Balance. I/We acknowledge and agree that my/our MSIA shall be closed by the Bank if it appears in the Bank’s book as zero balance when the Bank shall be entitled to conclude that the MSIA is no longer needed to serve me/us. Upon closure of the MSIA, the Passbook may, at the Bank's sole and absolute discretion, be retained by you.
Zero Balance. If the Release Fee received by Lender under this Agreement exceeds the then outstanding principal balance of the Loan, the amount of such excess shall be applied to the Other Borrower Loans, allocated between or among such loans at Lender’s sole discretion.
