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, at any time, an amount that equals the product of: (i) the average Borrowing Base (or, if less on any given day, the Revolving Loan Commitment) during the immediately preceding month multiplied by (ii) the Minimum Balance Percentage for such month.

Examples of Minimum Balance in a sentence

Minimum Balance Requirements: There is no minimum balance required to open or maintain the Account.

More Definitions of Minimum Balance

Minimum Balance means the “threshold minimum balance” for the Master Account specified on the Set Up Sheet;

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 is defined in Section 4.2.

Minimum Balance shall have the meaning set forth in Section 7.7.

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 as defined in Section 2.1(g).