GIC Balance or “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;
GIC Balance means amounts standing to the credit of the GIC Account from time to time; GIC Provider means Yorkshire Building Society in its capacity as GIC provider or any successor GIC provider appointed from time to time; GIC Rate means XXXXX less 0.30 per cent. or any other such rate agreed between any successor GIC provider and the Issuer (subject to a floor of zero);
GIC Balance means, for any GIC Arrangement, the sum of all amounts deposited with or transferred to or at the direction of the Eligible GIC Provider less all amounts withdrawn from such GIC Arrangement (other than payments of GIC Interest).
Examples of GIC Balance in a sentence
Maintain the wastewater system.Ongoing replacement of aging pipes needs to be managed using improved forecasting tools.
More Definitions of GIC Balance
GIC Balance means on any date of determination the aggregate outstanding principal balance of the GICs as most recently reported under the Pledge and Administration Agreement on such date.
GIC Balance means amounts standing to the credit of the GIC Account from time to time; GIC Provider means Yorkshire Building Society in its capacity as GIC provider or any successor GIC provider appointed from time to time; GIC Rate means One-Month Sterling LIBOR less 0.35 per cent. or any other such rate agreed between any successor GIC provider and the Issuer; Global Note means the Temporary Global Note and/or the Permanent Global Note as the context may require; Guaranteed Investment Contract or GIC means the guaranteed investment contract dated the Closing Date between the Issuer, the Account Bank, the Cash Manager, the GIC Provider and the Security Trustee (as the same may be amended, restated, varied, supplemented, replaced and/or novated from time to time);