GDA Balance definition

GDA Balance means, on any day the amount standing to the credit of the GIC Account as at the opening of business on such day;
Sample 1Sample 2Sample 3

Examples of GDA Balance in a sentence

  • Subject always to the provisions of the Cash Management Agreement, the Standby Bank Account Agreement and the Security Agreement, the Guarantor (or the Cash Manager on its behalf) may on any Business Day give notice to the Standby GDA Provider that it wishes to withdraw on such date all or part of the Standby GDA Balance from the Standby GDA Account.

  • Interest will accrue daily on the GDA Balance and will be paid monthly in arrears on the Calculation Date at a rate of interest equal to the GDA Rate by payment for value on the same day to the GDA Account or such other accounts as the Guarantor (or the Cash Manager on its behalf) will specify.

  • Interest will accrue daily on the Standby GDA Balance and will be paid monthly in arrears on the 10th Business Day of each month at the Standby GDA Rate by payment for value on the same day to the Standby GDA Account or such other accounts as the Guarantor (or the Cash Manager on its behalf) will specify.

Related to GDA Balance

  • New Balance This means the total outstanding balance on your account. It will be listed on each statement as the “New Balance”.

  • Unpaid Balance of any Receivable means at any time the unpaid principal amount thereof.

  • Time balance means the sum of the principal amount financed and the finance charge.

  • Legal Balance means the amount of indebtedness legally owed by an Obligor with respect to a Loan, including principal and accrued and unpaid interest, late fees, attorneys' fees and expenses, taxes, insurance premiums, and similar charges, if any.

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

  • Principal Balance means the outstanding principal amount of the Loan, plus interest expected to be capitalized (if any), less amounts which may not be insured (such as late charges).