Compensating Balances definition

Compensating Balances has the meaning specified in Section 2.08.

Compensating Balances means the amount of funds allowed to remain in an account.

Compensating Balances means the aggregate amount of deposits of WLH and any Affiliate of WLH maintained with Lender, including deposits in any interest-bearing account; provided, however, that such amount shall exclude the amount of any collateralized funds in any deposit account, including, without limitation, those funds in which Borrower has granted Lender a security interest in exchange for the issuance of any letter of credit.

Examples of Compensating Balances in a sentence

• The Custodian may compensate a Fund for any interest earned by the Custodian on uninvested cash balances maintained in a Fund's account pursuant to the Overdraft and Compensating Balances Procedures.

• The Custodian may compensate a Fund for any interest earned by the Custodian on uninvested cash balances maintained in a Fund’s account pursuant to the Overdraft and Compensating Balances Procedures.

• If the Borrower fails to maintain the Compensating Balances, the Borrower shall pay during such quarter an unused fee (“Unused Fee”) equal to the amount shown in the pricing grid in the definition of Applicable Margin times the difference between the Commitment and the average Total Outstandings during the quarter.

• If the Borrower fails to maintain the Compensating Balances, the Borrower shall pay during such quarter an unused fee (“Unused Fee”) equal to the amount shown in the pricing grid in the definition of Applicable Rate times the difference between the Commitment and the average Total Outstandings during the quarter.

• To the extent such Compensating Balances are not maintained after the Term Conversion, Borrower shall either (i) pay to Bank a fee equal to eight-tenths percent (0.8%) above LIBOR (as defined in the Note) for a Fixed Rate Term (as defined in the Note) of one month or (ii) adjust the interest rate on the Loan in an amount to be determined by Bank, in its sole discretion, based on the prevailing market conditions at the time of such deficiency and in proportion to the amount of the balance deficiency.

More Definitions of Compensating Balances

Compensating Balances means, for the period of determination, that percentage determined by dividing (i) the average balance maintained by Borrowers in deposit accounts with Bank that are not subject to any liens or rights of third parties, over such period, divided by (ii) the average balance of the outstanding principal amount all of the Loans.

Compensating Balances means collected balances held by the depository to compensate the depository for the cost of financial services rendered.

Compensating Balances means the portion of any demand deposit (or any time deposit or certificate of de­ posit) maintained by a carrier (or by any person on behalf of the carrier) which constitutes support for existing borrowing arrangements of the carrier (or any person) with a lending institu­ tion. Such arrangements include both outstanding borrowings and the assur­ ance of future credit availability. (The compensating balance requirement should be adjusted by the amount of float unless such adjustment would cause the compensating balance to be greater than the cash balance per car­

Compensating Balances means the average balances in the Borrower's non-interest bearing account with Lender during the applicable period less the sum of float reserves and balances required to cover service charges to maintain the account. These amounts will be computed in accordance with customary Lender practices which may change from time to time.

Compensating Balances. The Borrower agrees to maintain a $100,000 compensating balance in its depository account maintained at Bank at all times during the terms of this credit facility.

Compensating Balances in Section 1.1 of the Agreement is hereby amended and restated as follows:

Compensating Balances has the meaning specified in Section 2.04(d). “Compliance Certificate” means a certificate substantially in the form of Exhibit C. “Contractual Obligation” means, as to any Person, any provision of any security issued by such Person or of any agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound. “Control” has the meaning specified in the definition of “Affiliate.” “Covered Entity” means any of the following: (a) a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b); (b) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or (c) a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b). “Credit Extension” means borrowing of a L/C Credit Extension. “Current Assets” means the aggregate of cash plus short term marketable securities plus accounts receivable plus auction rate securities held on Borrower’s balance sheet. “Current Liabilities” means the current portion of the Borrower’s obligations for borrowed money (including Obligations hereunder). “Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally. 7 4854-3834-3709, v. 14