Compensating Balance Sample Clauses

Compensating Balance. So long as this Agreement is in effect or there are any outstanding Borrower's Liabilities hereunder, the Borrower shall maintain with the Bank, in demand deposit (non-interest bearing) accounts, an amount computed as follows (the "Compensating Balance"): NOT APPLICABLE If the Borrower fails to maintain the Compensating Balance, the Bank may charge, and the Borrower agrees to pay, a deficiency fee, which shall be payable within 30 days after the Bank issues the xxxx for such fee, in an amount computed as follows: NOT APPLICABLE
Sample 1
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Compensating Balance. The interest rate in effect on the Advances from time to time as indicated in paragraph (a) above is a preferred rate, based upon Borrower, the Guarantors, their subsidiaries and affiliates maintaining one or more non-interest bearing deposit accounts with Bank in an aggregate average collected monthly balance of not less than the higher of (a) $1,500,000 or (b) 10% of the (i) total outstanding balance, for term loans, and/or (ii) commitment amount, for revolving loans, of all loans of Bxxxxxxx, the Guarantors, their subsidiaries and affiliates with Bank (“Loan Portfolio”), whether existing now or in the future (“Minimum Account Balance”). Within 60 days after the Amendment No. 3 Effective Date, Borrower shall establish, and thereafter maintain at all times, the Minimum Account Balance with Bank until all outstanding amounts under this Loan Agreement and all other notes under the Loan Portfolio are paid in full. If at an time, Bxxxxxxx fails to maintain the Minimum Account Balance for any given month (“Shortfall Month”), the annual interest rate on the Advances will increase without notice to a rate of 0.25% greater than would otherwise be the case under this Agreement, effective on the next payment due date two (2) months after the Shortfall Month.”
Sample 1
Compensating Balance. Borrower shall maintain on deposit at Lender funds (not including funds in the Reserve Account) in an amount equal to or in excess of One Million and No/100 Dollars ($1,000,000.00).
Sample 1
Compensating Balance. Borrower shall maintain with Lender, throughout the term of the Loan, a minimum balance of $4,000,000.00 in an account with Lender.
Sample 1
Compensating Balance. Customer agrees to maintain at all times throughout the term hereof, funds on deposit with Information Services in an amount equal to (a) the aggregate amount of the transactions paid through the interchange systems on the previous day or if daily receipts tend to fluctuate by a significant amount at certain times during the week, month or year, an amount equal to the highest aggregate amount of transactions paid during the relevant period plus (b) an amount equal to NAS pass through fees and chargebacks (the Compensating Balance”).
Sample 1
Compensating Balance. Except at such times that Sabreliner is using Agent's investment management services for investing Sabreliner's excess cash, Borrowers shall maintain a compensating balance in an account with Agent in an aggregate amount not less than $1,000,000; provided that Borrowers may use the cash in such account to the extent necessary to cure any Deficiency.
Sample 1
Compensating Balance. For as long as I owe any amount under the Loan, or you have an outstanding commitment to me, I agree to maintain an average annually balance of $250,000.00 in one or more interest bearing accounts with you.
Sample 1
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Compensating Balance. For as long as I owe any amount under the Loan, or you have an outstanding commitment to me, I agree to maintain an average monthly balance of $$15,000 in one or more interest-bearing accounts with you. Z.
Sample 1
Compensating Balance. The Borrower shall maintain an average of Five Hundred Thousand and no/100 Dollars ($500,000.00) of collected non-interest bearing funds deposited at the Bank at all times during which there remains any outstanding balances under this Loan Agreement and/or the Loans. The average shall be calculated quarterly. If the Borrower shall fail to satisfy the above requirement during any quarter, the Borrower shall pay to the Bank a fee equal to the three (3) month LIBOR Rate, plus one (1%) percent, on the difference between Five Hundred Thousand and no/100 Dollars ($500,000.00) and the average amount of funds so deposited.
Sample 1

Related to Compensating Balance

  • Compensating Balance Arrangement The Funds and The Bank of New York have entered into a compensating balance arrangement, which would allow the Funds to compensate the Bank for any overdrafts by maintaining a positive cash balance the next day. Conversely, on any day the Funds maintain a positive balance, they will be allowed to overdraw the account as compensation. In both cases, Federal Reserve requirements, currently 10%, will be assessed. Therefore, all overdrafts must be compensated at 100% of the total and all positive balances will allow for an overdraft of 90% of the total. Balances for the tax-exempt portfolios will be permitted an open-ended roll forward. The taxable portfolios are closed out on a quarterly basis with no carry-over to the subsequent quarter. At the end of each quarter, the average overdraft will be assessed a fee of 1% above the actual Federal Funds rate at the end of the period. Any average positive balance will receive an earnings credit computed at the daily effective 90 day T-xxxx rate minus 0.25 bps on the last day of the period. Earnings credits will be offset against the Funds’ safekeeping fees. GLOBAL CUSTODY (Non-US Securities Processing) Global Safekeeping Fee Transaction Fee Countries *(in basis points)1 (U.S. Dollars)2 Argentina 17.00 55 Australia 1.50 25 Austria 3.00 40 Bahrain 50.00 140 Bangladesh 50.00 000 Xxxxxxx 2.50 35 Bermuda 17.00 70 Botswana 50.00 140 Brazil 12.00 30 Bulgaria 30.00 85 Canada 1.00 10 Chile 20.00 80 China “A” Shares 15.00 80 China “B” Shares 15.00 60 Colombia 50.00 00 Xxxxx Xxxx 14.00 65 Croatia 25.00 00 Xxxxxx 00.00 00 Xxxxx Xxxxxxxx 18.00 50 Denmark 2.00 00 Xxxxxxx 30.00 55 Egypt 30.00 85 Estonia 10.00 60 Euromarket/Euroclear3 1.00 10 Euromarket/Clearstream 1.00 10 Finland 3.50 35 France 2.00 30 Germany 1.50 25 Ghana 50.00 000 Xxxxxx 9.00 40 Hong Kong 3.00 45 Hungary 20.00 55 Iceland 11.00 35 India 13.00 105 Indonesia 11.00 80 Ireland (Equities) 3.00 33 Ireland (Gov’t Bonds) 1.00 13 Israel 20.00 40 Italy 1.50 35 Ivory Coast 50.00 140 Jamaica 50.00 60 Japan 1.75 20 Jordan 50.00 140 Kazakhstan 53.00 140 Kenya 48.00 000 Xxxxxx 50.00 45 Lebanon 50.00 140 Lithuania 20.00 43 Luxembourg 10.00 80 Malaysia 4.50 45 Malta 20.00 63 Mauritius 25.00 000 Xxxxxx 6.50 30 Morocco 50.00 95 Namibia 50.00 60 Netherlands 2.00 25 New Zealand 2.00 35 Nigeria 50.00 60 Norway 2.50 35 Oman 50.00 140 Pakistan 50.00 000 Xxxx 50.00 83 Philippines 6.00 60 Poland 15.00 63 Portugal 5.00 50 Qatar 50.00 140 Romania 30.00 80 Russia Equities 40.00 95 Singapore 3.50 00 Xxxxxx Xxxxxxxx 23.00 95 Slovenia 50.00 00 Xxxxx Xxxxxx 2.50 30 South Korea 6.50 00 Xxxxx 0.00 00 Xxx Xxxxx 13.00 70 Swaziland 50.00 60 Sweden 2.00 30 Switzerland 2.00 35 Taiwan 10.00 60 Thailand 5.00 00 Xxxxxxxx & Xxxxxx 50.00 53 Tunisia 50.00 53 Turkey 12.50 60 Ukraine 75.00 000 Xxxxxx Xxxxxxx 0.50 10 Uruguay 75.00 83 Venezuela 50.00 140 Zambia 50.00 140 Zimbabwe 50.00 140 Not In Bank/Not in Custody Assets USA4………………………$500 per line per annum Third Party Foreign Exchange Settlements $70 per non-USD currency movement Minimum charges imposed by Agent Banks/Local Administrators Brazil - 15 basis points for annual administrative charges Colombia - USD $600 per month minimum administration charge Ecuador - USD $800 monthly minimum per relationship Egypt - USD $400 monthly minimum per relationship Additional Charges Local taxes, stamp duties or other assessments, including stock exchange fees, postage and insurance for shipping, facsimile reporting, extraordinary telecommunications fees or other unusual expenses, which are unique to a country in which the Funds are investing Custody Agreement between The Bank of New York and The Funds listed on Schedule II to the Custody Agreement, as amended from time to time This Amendment (the “Amendment”) dated as of November 8, 2007 between The Bank of New York (“Custodian”) and the Funds listed on Schedule II to the Custody Agreement, as amended by Exhibit A attached hereto (each a “Fund”).

  • Compensating Interest Payments The amount of the aggregate Master Servicing Fees payable to the Master Servicer in respect of any Distribution Date shall be reduced (but not below zero) by the amount of any Compensating Interest Payment for such Distribution Date, but only to the extent that Prepayment Interest Shortfalls relating to such Distribution Date are required to be paid but not actually paid by the Servicers. Such amount shall not be treated as an Advance and shall not be reimbursable to the Master Servicer.

  • Termination; Advance Payments Upon termination of this Lease pursuant to Paragraph 6.2(g) or Paragraph 9, an equitable adjustment shall be made concerning advance Base Rent and any other advance payments made by Lessee to Lessor. Lessor shall, in addition, return to Lessee so much of Lessee's Security Deposit as has not been, or is not then required to be, used by Lessor.

  • Advance Payments Payments made by the Borrower to satisfy future installments must be accounted for as prepaid installments of principal and interest. The Servicer should contact the Borrower if there is a question about the Borrower's intention in making any unscheduled payment.

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