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

• 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”).

• 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).

• On the Closing Date, Borrower shall remit into the Cash Management Account an amount equal to the Peg Balance (estimated based on LIBOR as of the Closing Date) applicable to the April 2008 Payment Date, which the parties agree is $7,702,751.91.

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 means $50,000,000, or such amount as determined by the Swingline Lender in its sole discretion; provided, that the Peg Balance shall not exceed $50,000,000 without the consent of the Required Lenders.

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 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.

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.