Daily Balance definition

Daily Balance means the amount of the Obligations owed at the end of a given day.
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Daily Balance means, as of any date of determination and with respect to any Obligation, the amount of such Obligation owed at the end of such day.
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Daily Balance means, with respect to each day during the term of this Agreement, the amount of an Obligation owed at the end of such day.
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Examples of Daily Balance in a sentence

  • Notwithstanding anything to the contrary contained in the Loan Documents, the minimum monthly interest payable by (i) US Borrower on the Advances to US Borrower in any month shall be calculated on an average Daily Balance of Four Million Five Hundred Thousand Dollars ($4,500,000) and (ii) Canadian Borrower on the Advances to Canadian Borrower in any month shall be calculated on an average Daily Balance of Five Hundred ThousandOne Million Dollars ($500,0001,000,000).

  • All interest payable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed on the Daily Balance.

  • Each Borrower and Lender agree that for the sole purpose of calculating the interest paid by such Borrower to Lender, it is the intention of such Borrower and Lender that interest shall mean and include, and be expressly limited to, any interest accrued on the aggregate outstanding Daily Balance of the applicable Obligations during the term hereof pursuant to subsections 2.4(a) and 2.4(b), any Overadvance Fee, Facility Fee (as defined below) and late fees charged to such Borrower during the term hereof.

  • The highest Daily Balance of the US Revolving Credit Facility during the contract (loan) year commencing October 10, 2025 (rounded upward to the next $1,000,000 unless such amount is a multiple of $1,000,000, in which case, such amount need not be rounded upward), but in no event less than the 2024-2025 US Benchmark Advance Amount, shall hereinafter be referred to as the 2025-2026 US Benchmark Advance Amount.


More Definitions of Daily Balance

Daily Balance as used in this Agreement means the amount determined by taking the amount of the Credit owed at the beginning of a given day, adding any new Credit advanced or incurred on such date, and subtracting any payments or collections which are deemed to be paid and are applied by Bank in reduction of the Credit on that date under the provisions of this Agreement.
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Daily Balance means, with respect to each day during the term of this Agreement, the aggregate outstanding amount of all Advances or Obligations, as the context requires, at the end of such day.
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Daily Balance. We figure the daily balance for each balance by:
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Daily Balance means the principal amount of the Obligations owed at the end of a given day.
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Daily Balance means, as of any date of determination and with respect to any Obligation, the amount of such Obligation owed at the end
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Daily Balance. The “daily” balance of your account is the principal balance on which interest accrues each day. (For information about the balance on which interest accrues, see the section titled “When Interest Begins to Accrue”.)
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Daily Balance means the amount of the Obligations owed at the end of a given day. Deposit Account shall have the meaning ascribed to such term in the Code. Documents shall have the meaning ascribed to such term in the Code.
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