Minimum Balance means, at any time, an amount that equals the product of: (a) the average Borrowing Base (or, if less on any given day, the Revolving Loan Commitment) during the immediately preceding month multiplied by (b) the Minimum Balance Percentage for such month.
Minimum Balance has the meaning set forth in Section 3.2(a).
Minimum Balance means the “threshold minimum balance” for the Master Account specified on the Set Up Sheet;
Examples of Minimum Balance in a sentence
On the first day of each month (commencing with the month ended September 30, 2024), Borrowers agree to pay to Agent, for the ratable benefit of all Revolving Lenders, the sum of the Minimum Balance Fee due for the prior month.
The Tenant must pay to the Landlord on demand such further sums as may be required to ensure that the Deposit Balance is at all times equal to the Minimum Balance, including following any increase in the Minimum Balance after a review of the yearly rent.10 The Landlord must pay any sums received from the Tenant under clause 5.4 into the Deposit Account and they will form part of the Deposit Balance.
The Minimum Balance Fee shall be deemed fully earned when due and payable and, once paid, shall be non-refundable.
More Definitions of Minimum Balance
Minimum Balance means the balance of the relevant Customer's Account or the designated account (as the case may be) that must be maintained at the end of each Banking Day.
Minimum Balance shall have the meaning set forth in Section 7.7.
Minimum Balance is defined in Section 4.2.
Minimum Balance as defined in Section 2.1(g).
Minimum Balance means the balance that Plan Sponsor will deposit and maintain in the deposit account and which will be an amount mutually agreed upon by the Parties in accordance with the selected funding method. This amount as may be modified by BCBSNC from time to time in accordance with this Contract.
Minimum Balance means the minimum dollar amount that must be held in the Cash Account before the Accountowner can establish an Investment Account. The Minimum Balance is established by the Recordkeeper from time to time, and is posted at xxx.xxxxx.xxx.
Minimum Balance. The minimum balance requirements applicable to each certificate account are disclosed on the Credit Union’s website. See Balance Computation Method above. Time Requirements (Maturity Date): Available terms are disclosed on the Credit Union’s website. Your certificate will mature as noted on your certificate disclosures and periodic statements. Fees and Charges; Other Requirements: See our Schedule of Fees at xxxxxxx.xxx/xxxx. Early Withdrawal Penalties: Withdrawal of funds from your certificate account before maturity will result in the loss of 180 days* of dividends on the amount withdrawn. If the funds withdrawn bring the balance below the required minimum, the certificate must be redeemed and 180 days* of dividends will be forfeited. If the amount withdrawn has been in the account less than 180 days*, all dividends on the amount withdrawn will be forfeited, and if the term of the certificate is under 180 days*, all dividends will be forfeited. Penalties shall not be applied if the withdrawal is made: (1) subsequent to the death of any owner of the certificate account; or (2) as a result of the voluntary or involuntary liquidation of the Credit Union; or (3) pursuant to a mandatory (automated) withdrawal of an Individual Retirement Account (IRA) required minimum distribution (RMD). There are no penalties for withdrawing dividends paid on the account. Upon renewal only the dividends earned after the renewal date are available for withdrawal without penalty. *182 days for certificate accounts with terms up to 24 months and 365 days for certificate accounts with terms greater than 24 months (effective for new certificates and certificate renewals on and after November 1, 2016).