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).
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

  • 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.


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 Producer to a Company or to a Voya 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 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 Account balance representing money owed Pershing.
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 an overdrawn balance in a securities account or a central securities account managed by a Participant;