Daily Balance definition

Daily Balance means the amount of the Obligations owed at the end of a given day.

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.

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.

Examples of Daily Balance in a sentence

• The interest charged for a balance in a billing period, except for variations caused by rounding, equals: ● Average Daily Balance (ADB) multiplied by ● Daily Periodic Rate (DPR) multiplied by ● number of days the DPR was in effect.

• Maximum Daily Balance (“MDB”) limits have been determined for each Fund.

• Xxxxxxx Title: Managing Director Each Fund listed below and The Bank of New York Mellon (the “Bank”) have entered into an average compensating balance arrangement, which would allow the Funds to compensate the Bank for any overdrafts by maintaining a positive cash balance and conversely, on any day a Fund maintains a positive balance, the respective Fund will be permitted to overdraw the account as compensation, within the Maximum Daily Balance limits as established for each fund as listed below.

• Each Fund listed below and The Bank of New York Mellon (the “Bank”) have entered into an average compensating balance arrangement, which would allow the Funds to compensate the Bank for any overdrafts by maintaining a positive cash balance and conversely, on any day a Fund maintains a positive balance, the respective Fund will be permitted to overdraw the account as compensation, within the Maximum Daily Balance limits as established for each fund as listed below.

• Maximum Daily Balance (“MDB”) limits have been determined for the Fund.

More Definitions of Daily Balance

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.

Daily Balance with respect to each day during the term of this Agreement, the amount of an Obligation owed at the end of such day.

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 Business Day after giving effect to all payments received and credit extensions made on such date.

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”.)

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.

Daily Balance means, with respect to each day during the term of this Agreement, the amount of Loans owed at the end of such day.

Daily Balance means, as of any Business Day, (a) the aggregate outstanding amount of the Loans as of the beginning of such Business Day, plus (b) any new Loans advanced or incurred on such Business Day, minus (c) any payments or collections which are deemed to be made on such Business Day under the provisions of this Agreement.