Minimum Balance means, at any time, an amount that equals the product of: (a) the average Borrowing Base (or, if less on any given day, the Revolving Loan Commitment) during the immediately preceding month multiplied by (b) the Minimum Balance Percentage for such month.

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

Minimum Balance means, at any time, an amount that equals the product of: (i) the average Borrowing Base (or, if less on any given day, the Revolving Loan Commitment) during the immediately preceding month multiplied by (ii) the Minimum Balance Percentage for such month.

Examples of Minimum Balance in a sentence

N26 ACCOUNTS Monthly Service Fee $0 Monthly Minimum Balance Fee $0 Debit Card Transfer: You use an external debit card to initiate a transfer to your N26 Account from within the Mobile App.
On the first day of each month, commencing on April 1, 2023, the Borrowers agree to pay to Agent, for the ratable benefit of all Lenders, the sum of the Minimum Balance Fees due for the prior month.
Upon reaching the Minimum Balance or any time thereafter, User may request a Margin Earnings payment by submitting a request from their User dashboard.
Minimum Balance of 50% must be maintained for consultant review time to continue.
From and following the Closing Date, on the first day of each month, Borrowers shall pay Agent, for its own account and not for the benefit of any other Lenders, a fee in an amount equal to the product obtained by multiplying (i) the greater of (A) the average end-of-day principal balance of Revolving Loan Outstandings during the immediately preceding month and (B) the Minimum Balance, by (ii) one half of one percent (0.50%) per annum.

More Definitions of Minimum Balance

Minimum Balance means the “threshold minimum balance” for the Master Account specified on the Set Up Sheet;

Minimum Balance means the balance of the relevant Customer's Account that must be maintained at the end of each Banking Day.

Minimum Balance is defined in Section 4.2.

Minimum Balance shall have the meaning set forth in Section 7.7.

Minimum Balance means the balance that Plan Sponsor will deposit and maintain in the deposit account and which will be an amount mutually agreed upon by the Parties in accordance with the selected funding method. This amount as may be modified by BCBSNC from time to time in accordance with this Contract.

Minimum Balance means the minimum dollar amount that must be held in the Cash Account before the Accountowner can establish an Investment Account. The Minimum Balance is established by the Recordkeeper from time to time, and is posted at xxx.xxxxx.xxx.

Minimum Balance as defined in Section 2.1(g).