Examples of Debit Balance in a sentence
Interest begins on the first day of the calendar month after the Borrower’s initial Debit Balance begins.
The Client agrees to pay for the reasonable costs and expenses for collection of the Debit Balance and any unpaid deficiency in the Client’s Account, including, but not limited to, attorney’s fees, court costs and any other costs incurred or paid by GTJAS.
Reductions of the Debit Balance, as provided in the foregoing sentence, shall be applied first to reduce the Debit Balance attributable to accrued Annual Charges and then, after all such accrued Annual Charges have been satisfied, to reduce any Leveraged Principal Amount.
The Company at its sole discretion may offset this indebtedness from any and all money the Company might be paying to the Borrower and reserves the right to call for the repayment of the Borrower’s aggregate Debit Balance (Account Balance) at any time.While any balance is outstanding for loans made hereunder, or for interest on such loans, all commissions earned on any policy may be applied to the repayment of such advances/loans.
Any Debit Balance shall be reduced as soon as possible by any distributions relating to ML Ventures Units.