Compensating Balances definition

Compensating Balances has the meaning specified in Section 2.08(a).

Compensating Balances means the aggregate amount of deposits of WLH and any Affiliate of WLH maintained with Lender, including deposits in any interest-bearing account; provided, however, that such amount shall exclude the amount of any collateralized funds in any deposit account, including, without limitation, those funds in which Borrower has granted Lender a security interest in exchange for the issuance of any letter of credit.

Compensating Balances means the amount of funds allowed to remain in an account.

Examples of Compensating Balances in a sentence

• The Custodian may compensate a Fund for any interest earned by the Custodian on uninvested cash balances maintained in a Fund's account pursuant to the Overdraft and Compensating Balances Procedures.

• Compensating Balances: All required compensating balance deposits in foreign banks.e. Other: All other types of investments in foreign banks not listed on lines 7a through 7d above.SUBTOTAL: Computed field, no input necessary.

• Compensating Balances Prohibited Except for commercial checking accounts and normal deposits in support of an active bank line of credit, a Mortgage Guaranty Insurance company, holding company or any affiliate thereof is prohibited from maintaining funds on deposit with the lender for which the Mortgage Guaranty Insurance company has insured loans.

• If the Borrower fails to maintain the Compensating Balances, the Borrower shall pay during such quarter an unused fee (“Unused Fee”) equal to the amount shown in the pricing grid in the definition of Applicable Rate times the difference between the Commitment and the average Total Outstandings during the quarter.

• If OSC elects to pay by Compensating Balances, an account specific to this use may need to be established.

More Definitions of Compensating Balances

Compensating Balances means, for the period of determination, that percentage determined by dividing (i) the average balance maintained by Borrowers in deposit accounts with Bank that are not subject to any liens or rights of third parties, over such period, divided by (ii) the average balance of the outstanding principal amount all of the Loans.

Compensating Balances. The Borrower agrees to maintain a $100,000 compensating balance in its depository account maintained at Bank at all times during the terms of this credit facility.

Compensating Balances means the value to the payee hereof (net of all service charges, all reserve requirements, FDIC insurance assessments and other costs, fees, expenses and amounts incurred by the payee hereof on account of such balances) of Maker's average daily, free, collected, non-interest bearing compensating balances maintained at Bank One, Arizona, NA, as determined by the payee hereof and set forth on Maker's monthly account analysis statement prepared by the payee hereof. In determining free, collected, non-interest bearing compensating balances, there shall be subtracted any uncollected or returned checks, and there shall be no adjustment for reserve requirements, FDIC insurance assessments or other costs incurred by the payee hereof on account of such balances.

Compensating Balances means the average balances in the Borrower's non-interest bearing account with Lender during the applicable period less the sum of float, reserves and balances required to cover service charges to maintain the account. These amounts will be computed in accordance with customary Lender practices which may change from time to time.

Compensating Balances means the portion of any demand deposit (or any time deposit or certificate of de­ posit) maintained by a carrier (or by any person on behalf of the carrier) which constitutes support for existing borrowing arrangements of the carrier (or any person) with a lending institu­ tion. Such arrangements include both outstanding borrowings and the assur­ ance of future credit availability. (The compensating balance requirement should be adjusted by the amount of float unless such adjustment would cause the compensating balance to be greater than the cash balance per car­

Compensating Balances means collected balances held by the depository to compensate the depository for the cost of financial services rendered.

Compensating Balances means the average balances in the Borrower's non-interest bearing account with Lender during the applicable period less the sum of float reserves and balances required to cover service charges to maintain the account. These amounts will be computed in accordance with customary Lender practices which may change from time to time.