Debit Balance definition

Debit Balance means, as of any date, the dollar amount, if any, representing each of: (1) the aggregate Annual Charge, accrued in accordance with Section 3.4(g)(i); and (2) any Leveraged Principal Amount (together with any pro rata Interest Amounts determined in accordance with Section 3.4(g)(ii), if applicable), as reduced by any distributions recorded from ML Ventures Units recorded in a Participant’s Account in accordance with Section 3.4(e).

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Debit Balance means, as of any date, the dollar amount, if any, representing the accrued aggregate Annual Charge not deducted from the Liquid Balance.

Debit Balance means the total amount overdrawn on the Current Account arising from use of any OD Protection or any unauthorised overdraft as at the Cut-off Time of each Business Day;

Examples of Debit Balance in a sentence

• Overdraft - a debit balance established by the Bank on the Customer’s Account for a short period under the terms and conditions of the Agreement and/or the relevant Overdraft Agreement, which allows the Customer to use the amount exceeding the funds available on the Account within the Debit Balance established on his/her Account, and the arising debt shall be automatically repaid first of all with the funds deposited to the Account.

• You agree to immediately pay and discharge any indebtedness or liability (including any remaining Amount Outstanding and the Debit Balance) to SoFi HK on demand.

• If there is a Debit Balance at the end of any Payment Period, no payments shall be made to Grantee in respect of the Net Profits Interest nor shall Grantee ever be liable to make any payment to Grantor in respect of the Debit Balance.

• Subject to clause I and in addition to any repayment required to be made under the Facility Agreement, the Account Owner may repay any or all of the Debit Balance.

• In the case of a repayment which is not a permanent repayment, only the Debit Balance is reduced.

More Definitions of Debit Balance

Debit Balance shall have the meaning given such term in Section 3.2(c).

Debit Balance means any amount owed by General Agent, directly or through liability for any Producer, to a Company or to an ING Affiliate Company, as defined below, that is not paid when due, including but not limited to, a debt resulting from a refund of premium, payment of compensation, chargeback, loan, advance, annualization, settlement or indemnification obligation.

Debit Balance means the amount of monies in Your Account that You owe Us;

Debit Balance means the Account balance representing money owed Pershing.

Debit Balance means at any time all amounts (whether in respect of Advances, interest, fees or otherwise) owing or payable at that time by the Client to the Company under this Agreement;

Debit Balance means the debit balance in an account on the books of the Bank, maintained in the form of a ledger card, computer records or otherwise in accordance with the Bank's customary practice and appropriate accounting procedures wherein there shall be recorded the principal amount of all advances made by the Bank to the Borrower, all principal payments made by the Borrower to the Bank hereunder, and all other appropriate debits and credits. The Bank shall render to the Borrower a statement of account with respect thereto on a monthly basis. Such statement shall indicate the Borrower's then current Debit Balance and any interest amounts due and payable from the Borrower to Bank. The statement shall be considered correct and be considered accepted by the Borrower, and shall conclusively bind the Borrower, unless Borrower notifies the Bank to the contrary within thirty (30) days after the date of mailing. Under the Revolving Line of Credit Loan evidenced by this Note (the "Line of Credit"), the Bank agrees to lend to the Borrower, and the Borrower may borrow, up to the maximum principal sum provided for in this Note in accordance with and subject to the terms, conditions, and limitations of this Note and the Commercial Loan Agreement dated December 30, 1994 entered into by and between the Borrower and the Bank, as amended to date and as the same may be amended from time to time (the "Loan Agreement"). The holder of this Note is entitled to all of the benefits and rights of the Bank under the Loan Agreement. However, neither this reference to the Loan Agreement nor any provision thereof shall impair the absolute and unconditional obligation of the Borrower to pay the principal and interest of this Note as herein provided. Terms not otherwise defined herein shall have the meanings ascribed to them in the Loan Agreement. The Borrower shall make requests for advances under this Note as provided in the Loan Agreement. The Borrower agrees that the Bank may make all advances under this Note by direct deposit to any demand account of the Borrower with the Bank or in such other manner as may be provided in the Loan Agreement, and that all such advances shall represent binding obligations of REVOLVING LINE OF CREDIT PROMISSORY NOTE ---------------------------------------- $3,000,000.00 U.S. Nashua, NH December 20 , 1996 ---- FOR VALUE RECEIVED, WHITE PINE SOFTWARE, INC., a Delaware corporation with its principal place of business at ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇...

Debit Balance means the amount of E-Money withdrawn from your account;