Additional Required Balances Sample Clauses

Additional Required Balances. The Borrowers and the Bank may from time to time agree to reduce the interest rate on an agreed portion of an Advance to not less than 0.125% per annum (the mutually agreed reduced rate is called a "Reduced Fixed Rate"). The Borrowers agree to maintain on deposit in a non-interest bearing account with the Bank for each calendar month for which any Reduced Fixed Rate is applicable, Average Daily Available Deposits (the "Additional Required Available Deposit Amount"), in addition to those required under Section 2.9(a), in an amount determined in accordance with the following formula: ARADA = ILF x 360 ---------------- --- ARF x ECR n In such formula: