Required Balance. Unit members contributing days to the bank must maintain a balance of twenty (20) or more days of accumulated sick leave (pro-rated for adjunct unit members.)
Required Balance. After the initial enrollment in the C.L.B., a Unit Member may not donate to the C.L.B. if the balance in the Member’s sick leave account will fall below ten (10) days. When the number of days in the C.L.B. drops below fifty (50), a request for donations to the bank will be sent to all Unit Members.
Required Balance. Unit members contributing days to the bank must maintain a balance of twenty
Required Balance. Section l.l(jjj) of the Coinsurance Agreement is hereby deleted in its entirety and replaced with the following:
Required Balance. For the three (3) month period starting on the Effective Date, Company shall maintain a balance in its EvoPay Account that exceeds the level of expected daily Ticket orders projected by Company and Ticket Evolution. After such three (3) month period, Company will maintain an EvoPay Account balance that exceeds its rolling three (3) month daily average of Ticket sales (as determined by Ticket Evolution) plus 10 percent (10%). Ticket Evolution will send alerts via email to Company if its EvoPay Account balance is below this threshold. For avoidance of doubt, no Ticket orders will be processed if Company’s EvoPay Account balance is insufficient.
Required Balance. Section 1.1(jjj) of the Coinsurance Agreement is hereby amended by deleting the definition of “Required Balance” and replacing it with the following:
Required Balance. The Reinsurer shall maintain Eligible Assets in the Trust Account with a Trust Account Balance at least equal to the Required Balance at all applicable times in accordance with the terms of this Agreement and the Trust Agreement until the Trust Account is no longer required in accordance with Article IV, Paragraph 12; provided, that the Reinsurer shall have no obligation to fund the Trust Account following the Execution Date until such time the Coinsurance Reserve first exceeds [REDACTED]("Initial Funding Condition").
Required Balance. Debt Service Reserve Account (“DSRA”) shall be opened to warehouse the DSR required balance. In an event of default, any funds held in the Debt Service Reserve Account may be promptly applied as a mandatory prepayment under the facility. This shall be maintained to hold 12 months interest obligation during the moratorium and subsequently funds sufficient to pay one quarter interest and principal shall be constantly held in this account.
Required Balance. For each Weekly Collection Period, the Master Issuer will specify to the Trustee the Weekly Allocation Percentage. If less than the Required Balance is on deposit in the Senior Notes Interest Payment Account, the Senior Subordinated Notes Interest Payment Account, the Senior Notes Principal Payment Account, the Senior Subordinated Notes Principal Payment Account, the Subordinated Notes Interest Payment Account, the Subordinated Notes Principal Payment Account and/or the Senior Notes Post-ARD Contingent Interest Account (as applicable) for any Weekly Collection Period within a Quarterly Fiscal Period, the Master Issuer shall direct any Residual Amount on the following Weekly Allocation Date (and each subsequent Weekly Allocation Date as necessary) to be deposited to such Senior Notes Interest Payment Account, Senior Subordinated Notes Interest Payment Account, Senior Notes Principal Payment Account, Senior Subordinated Notes Principal Payment Account, Subordinated Notes Interest Payment Account, Subordinated Notes Principal Payment Account and/or Senior Notes Post-ARD Contingent Interest Account, in that order, until at least the Required Balance for such Weekly Collection Period is on deposit in in the Senior Notes Interest Payment Account, the Senior Subordinated Notes Interest Payment Account, the Senior Notes Principal Payment Account, the Senior Subordinated Notes Principal Payment Account, the Subordinated Notes Interest Payment Account, the Subordinated Notes Principal Payment Account and/or the Senior Notes Post-ARD Contingent Interest Account (as applicable).
Required Balance. The amount of security provided by the Reinsurer shall be adjusted upon the delivery of the True-Up Accounting and quarterly thereafter so that the aggregate book value of the assets held in the Security Trust as of the date of any Accounting will be no less than the Required Balance as of the same date. The amount by which the aggregate book value of the assets held in the Security Trust exceeds or is less than the Required Balance as of the date of an Accounting shall be set forth in each Accounting prepared in accordance with Article 3. In accordance with the provisions of Section 3.9, and the Reinsurance Trust Agreement, the Reinsurer shall deposit sufficient assets in the Security Trust in order to eliminate any deficit in the amount of the assets held in the Security Trust. Subject to the terms and conditions of Section 3.9, and the Reinsurance Trust Agreement, the Reinsurer may withdraw any assets held in the Security Trust in excess of the Required Balance.
