Average balance Sample Clauses
Average balance. As of the date falling 3 months after the first Delivery Date, the Borrowers shall ensure that there is at all times credited to deposit accounts at the Bank in the names of either Borrower and/or the Corporate Guarantor and the Earnings Account and the Retention Account, an average balance of $2,000,000 per month.
Average balance. As of the date falling 3 months after the second Delivery Date (or, if it is apparent that only one Vessel will be delivered by the Builder, the first Delivery Date), the Borrowers shall ensure that there is at all times credited to deposit accounts at the Bank in the names of either Borrower and/or the Corporate Guarantor and the Earnings Account and the Retention Account, an average balance of $3,000,000 per month.
Average balance. 14.1 The maintenance of any current account implies costs for the Bank and may require that an average balance is respected. The setting of the average balance will always be communicated in advance to the Client by means of a circular or message in the statement or any other means that the Bank deems adequate.
Average balance. As of the date falling 3 months after the Delivery Date, the Borrower shall ensure that there is at all times credited to deposit accounts at the Bank or at a branch, subsidiary or affiliate of the Bank (in Greece or any other country acceptable to the Borrower) in the names of the Borrower and/or the Corporate Guarantor and the Earnings Account and the Retention Account, an average balance of $15,000,000 per month.