Peg Balance definition

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

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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 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.

• 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 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”).

• On the date of this Agreement, the amount of the Peg Balance shall equal $0.00.

• The physical inventory quantities will be priced utilizing the same standard costs which were used in the determination of the inventory amount reflected in the Peg Balance Sheet and in the case of items which were not on hand as of the Peg Date in accordance with the normal procedures of the Company.

• When the Final Closing Balance Sheet is determined pursuant to the provisions of paragraphs (b), (c), (d) and (e), then the net asset/equity value set forth on such Final Closing Balance Sheet will be the Final Net Asset Value and the Final Net Asset Value so determined shall be compared to the net asset/equity amount set forth on the Peg Balance Sheet (the "Peg Value").

• The Preliminary and Final Closing Balance Sheets will not include any reserve or accrual with respect to inventory shrinkage but will include reserves or accruals for any other inventory valuation matter that are equal in amount to any such reserves or accruals that were included in the Peg Balance Sheet, including without limitation, reserves and accruals for excess, obsolete or slow moving inventory or for loss jobs.

• The individual line items reflected on the Peg Balance Sheet have been prepared in accordance with principles, practices and procedures consistent with those employed in preparing the Financial Statements.

• The Preliminary and Final Closing Balance Sheets will include a LIFO debit of $8,226,129 which is the same amount as the LIFO debit included in the Peg Balance Sheet.

More Definitions of Peg Balance

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

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.

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

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 has the meaning set forth in the Mortgage Loan Agreement.