Minimum Balance Fee definition

Minimum Balance Fee means a fee equal to (a) the positive difference, if any, remaining after subtracting (i) the average end-of-day principal balance of Revolving Loans outstanding during the immediately preceding month (without giving effect to the clearance day calculations referenced above or in Section 2.2(a) from (ii) the Minimum Balance multiplied by (b) the highest interest rate applicable to the Revolving Loans during such month (or, during the existence of an Event of Default, the default rate of interest set forth in Section 10.5(a)).
Sample 1Sample 2Sample 3
Minimum Balance Fee means a fee equal to (a) the positive difference, if any, remaining after subtracting (i) the average end-of-day principal balance of Revolving Loans outstanding during the immediately preceding month (without giving effect to the clearance day calculations referenced in Section 2.2(a)) from (ii) the Minimum Balance multiplied by (b) the highest interest rate applicable to the Revolving Loans during such month (or, during the continuance of an Event of Default, the default rate of interest set forth in Section 10.5(a)).
Sample 1Sample 2Sample 3

Examples of Minimum Balance Fee in a sentence

  • The Minimum Balance Fee shall be deemed fully earned when due and payable and, once paid, shall be non-refundable.

  • Payment must be received by no later than 5.00pm (Sydney time) on Friday, 12 May 2017.

  • A Minimum Balance Fee (see Consumer Schedule of Fees) will be assessed any month one of the following conditions is not in effect: Change Jar – When you enroll in the Change Jar savings program, the amount of any one time debit card purchase by you or an authorized card holder of your Checking Account will be rounded up to the next whole dollar, and the amount in excess of the purchase will be transferred from your checking account to your savings account.

  • Therefore, she chooses the effort level a RB and the proportional share such that the agent is indifferent between supply- ing either a RB or a = 0 if ξ = h.

  • On the first day of each month, commencing on June 1, 2021, the Borrowers agree to pay to Agent, for the ratable benefit of all Lenders, the sum of the Minimum Balance Fee due for the prior month.

  • The account will be assessed a Minimum Balance Fee if the end-of-day balance in the account falls below $1,500 during a calendar month (refer to the current Consumer Schedule of Fees).

  • All Plan accounts are subject to a Program Management Fee of 0.10%.2 Some Plan accounts also may be assessed a $10 Annual Minimum-Balance Fee, unless the Account Owner or the designated beneficiary is a Nevada resident, in which case, the Minimum- Balance Fee is waived for such Plan account.

  • However, no Minimum- Balance Fee will be charged for a Plan Account if such Plan Account is established within 45 days priorto the annual assessment of the Minimum-Balance Fee.

  • A Minimum Balance Fee will be assessed any month the minimum daily balance falls below $2,500 or the average balance falls below $5,000.

  • A Minimum Balance Fee (see Consumer Schedule of Fees) will be assessed any month one of the following conditions is not in effect: Premier Checking – This is a dividend-earning checking account.

Related to Minimum Balance Fee

  • 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 Cash Balance means a cash balance to be held by the Debtors on the Effective Date in an amount equal to $75 million plus any amounts received on account of GCI (as defined in the Uniti Term Sheet) reimbursements and Cash Payments (as defined in the Uniti Term Sheet) received by the Debtors on or before the Effective Date.

  • Aggregate Targeted Balance With respect to any group of Targeted Principal Classes or Components and any Distribution Date, the amount set forth for such group for such Distribution Date in Schedule V hereto.

  • Balance Amount shall have the meaning set forth in Section 8.1 of this Agreement.

  • Minimum Funding Amount means, on any date of determination, the amount set forth in the table below: The date that is six months following the Effective Date December 20, 2018 60% of the Financing Commitment December 21, 2018 March 20, 2019 65% of the Financing Commitment March 21, 2019 Day prior to the last day of the Ramp-Up Period 75% of the Financing Commitment The last day of the Ramp-Up Period The last day of the Reinvestment Period 85% of the Financing Commitment

  • Fund balance is the value of the Accumulation Fund, determined pursuant to Section 1.4.

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

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

  • Minimum Payment Due means the least payment amount, specified in the “Statement of Account”, required to be paid by the “Principal Cardholder” on or before the “Payment Due Date” in order to keep the “Card Account” active. “Past Due Amount” from previous “Billing Cycle” will form part of the “Minimum Payment Due”.

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Minimum Liquidity Amount shall have the meaning assigned to such term in the Pricing Side Letter.

  • Net Amount means the Distribution Amount less the sum of all quarterly payments received by the COP Swap Counterparties under the COP Swap Collateral Agreement in respect of amounts owed under the COP Swap Agreements since January 1, 2014.

  • Original Pre-Funded Amount The amount deposited by the Depositor in the Pre-Funding Account on the Closing Date, which amount is $36,215,225.

  • Minimum Equity Amount shall have the meaning provided in the recitals to this Agreement.

  • Capitalization Reimbursement Amount As to any Distribution Date, the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of the related Mortgage Loans during the prior calendar month and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date pursuant to Section 3.10(a)(vii), plus the Capitalization Reimbursement Shortfall Amount remaining unreimbursed from any prior Distribution Date and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date.

  • 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).

  • Minimum Interest Rate With respect to each Adjustable Rate Mortgage Loan, a rate that is set forth on the Mortgage Loan Schedule and in the related Mortgage Note and is the minimum interest rate to which the Mortgage Interest Rate on such Mortgage Loan may be decreased.

  • Class Balance With respect to any Class of Certificates, at any time, the aggregate of the

  • Minimum Payments $50 (with respect to all funds in the aggregate.)

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Minimum Payment means the amount of minimum payment as stated in the Fee Schedule;

  • Targeted Balance With respect to any group of Targeted Principal Classes or Components in the aggregate and any Distribution Date appearing in Schedule V hereto, the Aggregate Targeted Balance for such group and Distribution Date. With respect to any other Targeted Principal Class or Component and any Distribution Date appearing in Schedule V hereto, the applicable amount appearing opposite such Distribution Date for such Class or Component.

  • Nominal Liquidation Amount means, notwithstanding anything to the contrary in the Indenture Supplement, with respect to the Class C(2020-4) Notes:

  • Cash Balance means, at any date of determination, the unencumbered and otherwise unrestricted cash and Cash Equivalents of the NCLC Group.

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