Reserve Account Minimum Balance definition

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

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.

Examples of Reserve Account Minimum Balance in a sentence

• 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 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.

• 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.

• The unique attribute for the 2018 Conference is that it is the first William Fernandes Toronto Waternicely with the reorganization of ASCE’s Regional Boundaries to include the Canadian Provinces.

• Gordon Silver Attorneys At Law Ninth Floor the holders of the Cash Pay Bonds, and (ii) without the consent of the New Trustee, no such modification shall cause the reduction at the time or at any future time of the balance of the CapEx Reserve Account to an amount below the CapEx Reserve Account Minimum Balance.

More Definitions of Reserve Account Minimum Balance

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 $7,320,000.

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

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

Reserve Account Minimum Balance means at any time, an amount equal to the greater of (A) $1,000,000 and (B) an amount equal to 1.00% of the Program Limit.

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, at any time an amount equal to the Reserve Amount multiplied by two (2), as set forth in the most recent Monthly Compliance Certificate delivered pursuant to Section 5.01(k).