Peg Balance definition

Peg Balance means $75,000,000, or such other amount as determined by the Swingline Lender in its sole discretion; provided, that the Peg Balance shall not exceed $75,000,000 without the consent of the Required Lenders.

Peg Balance has the meaning set forth in Section 3.2(a).

Peg Balance means $25,000,000, or such other amount as determined by the Swingline Lender in its sole discretion; provided, that the Peg Balance shall not exceed $25,000,000 without the consent of the Required Lenders.

Examples of Peg Balance in a sentence

• Lender may notify the Cash Management Bank at any time of any change in the Peg Balance.

• If the outstanding Swing Loans are less than the Peg Balance, the Swingline Lender at least one day prior to a Settlement Date may forward a notice to the Administrative Agent informing the Administrative Agent that the Swingline Lender has elected to increase the amount of the Swing Loans up to an amount elected by the Swingline Lender that does not exceed the Peg Balance (the “Selected Amount”).

• The Accounting Arbitrator shall be furnished with a copy of the Agreement, the Peg Balance Sheet, the Preliminary Closing Balance Sheet, Seller's Letter, Buyer's Letter and any other relevant correspondence between the parties.

• The particular investment options, the applicable Peg Balance for each such investment, a general description of investment options, how you may select those investments, and other important disclosures are available by calling 866.520.4HSA (4472).

• If the account balance is less than the Peg Balance, then, to the extent available, an Advance on the Loan shall be deposited to the Operating account in the amount of that difference.

• You may make purchases of HSA Investments only when the balance of your HSA Deposit Account is greater than the Peg Balance.

• Servicer may notify the Cash Management Bank at any time of any change in the Peg Balance.

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• Any amounts advanced by Swingline Lender to increase the collected balance in the DDA to the Loan Peg Balance shall be Swingline Loans.

• When the Final Closing Balance Sheet is determined pursuant to the provisions of Sections 1.4, 1.5, 1.6 or 1.7, then the net asset/equity value set forth on such Final Closing Balance Sheet will be the Final Net Asset Value and the Positive or Negative Net Asset Amount shall be determined by comparing the Final Net Asset Value to the net asset/equity amount set forth on the Peg Balance Sheet (the "Peg Value").

More Definitions of Peg Balance

Peg Balance with respect to any particular date, the amount held in the Borrowers’ main operating account held with the Administrative Agent.

Peg Balance at any time means, so long as no Cash Trap Period is continuing, the aggregate amount of payments required to be made under SECTIONS 3.2(b)(i) and (ii) on the next Payment Date, as specified in the most recent notice from the Lender to the Cash Management Bank pursuant to the Cash Management Agreement.

Peg Balance has the meaning set forth in the Mortgage Loan Agreement.

Peg Balance means (a) so long as Lender has not given the Cash Management Bank notice of the continuance of an Escrow Period pursuant to clause (b) below, zero (or such greater amount as the Cash Management Bank may establish as the minimum balance in the Cash Management Account), and (b) during the continuance of an Escrow Period, upon notice from Lender to the Cash Management Bank of the continuance of an Escrow Period and the amount of the Peg Balance, the aggregate amount of payments required to be made under Sections 3.2(b)(i) through (iv) on the next Payment Date, as specified in the most recent notice from Lender to the Cash Management Bank pursuant to the Cash Management Agreement.

Peg Balance means a sum equal to ONE MILLION AND 00/100 DOLLARS ($1,000,000.00).

Peg Balance means the aggregate amount of payments required to be made under Sections 3.2(b)(i) through (iv) on the next Payment Date, as specified in the most recent notice from the Servicer to the Cash Management Bank pursuant to the Cash Management Agreement.