Reserve Account Minimum Balance definition

Reserve Account Minimum Balance means at any time, an amount equal to the greater of (A) $150,000 and (B) an amount equal to 1.00% of the aggregate outstanding principal balances of all Loans at such time.

Reserve Account Minimum Balance means $4,332,000.

Reserve Account Minimum Balance means $5,900,000.

Examples of Reserve Account Minimum Balance in a sentence

• On or prior to the initial Borrowing Date, Issuer shall deposit into the Reserve Account an amount equal to the Reserve Account Minimum Balance.

• Pixxles may deduct from the Merchant’s Total Revenue as a Reserve such amount as it reasonably considers necessary to prevent the Reserve Account Minimum Balance obligation being breached ahead of the next date any payment to the Merchant is due.

• Pixxles may from time to time upon at least twenty-four (24) hours’ notice to Merchant increase the Reserve Account Minimum Balance if Pixxles determines in its sole discretion that Merchant’s activities and/or risk profile require such a change.

• Pixxles may apply such amounts of the Merchant’s Total Revenue as is necessary to ensure that the available balance of the Reserve Account at no time falls below the Reserve Account Minimum Balance.

• Each of the Collateral Accounts (as defined in the Deposit and Disbursement Agreement) shall have been established as required under the Deposit and Disbursement Agreement and (subject to receipt of the Note proceeds by the Company) the Debt Service Reserve Account shall be funded (with cash, an Acceptable Letter of Credit, or an Acceptable Guaranty (or by any combination of the foregoing)) in an amount equal to the Debt Service Reserve Account Minimum Balance.

More Definitions of Reserve Account Minimum Balance

Reserve Account Minimum Balance means $5,125,000.

Reserve Account Minimum Balance means $7,320,000.

Reserve Account Minimum Balance means the amount set forth in the Merchant Terms Acknowledgement or such other amount as may be set by Pixxles in accordance with Clause 9.2.

Reserve Account Minimum Balance means $3,366,643.

Reserve Account Minimum Balance means $9,200,000.

Reserve Account Minimum Balance means, as of any date of determination, the aggregate amount of interest reasonably expected to be paid on the Outstanding Amount for the subsequent twelve months, as determined by the Administrative Agent from time to time in its reasonable discretion, constituting the minimum account balance to be maintained by the Borrower in the Reserve Account at all times.

Reserve Account Minimum Balance means $_______________.