Target Balance Sample Clauses

Target Balance. The Target Balance shall designated by Customer.
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Target Balance. As used herein “Target balance” means the collected balance amount designated by Customer from time to time as a threshold balance to remain in Customer’s Account(s) , and which shall not be invested in any of the Commercial Sweep Services investment options.
Target Balance. The target balance to be maintained on the Debt Service Reserve Account prior to the First Repayment Date is EUR 57 million and on each Repayment Date thereafter such amount as is sufficient to service the amounts due and payable under the Facility and the Blue Mill Facility during the following twelve (12) months, taking into consideration any amounts held in USD in accordance with Clause 11.7 (Currency) (the “Target Balance”). Any balance on the Equity Reserve Account from time to time will count towards the Target Balance. The Debt Service Reserve Account will be funded through
Target Balance. For purposes of this Agreement, the “Target Balance” shall mean a collected balance in the Account, of which the amount shall be listed on the Application, after the posting of all debits and credits to Company’s Account at the end of any Banking Day. The Target Balance may be modified by subsequent agreement between the parties from time to time and such modified amount shall thereafter be deemed to be the Target Balance. Authorized Automatic Transfers. Company hereby authorizes Bank to make transfers on behalf of Company between the Account and the Revolving Line during the term of this Agreement as follows: If, at the end of any Banking Day after completion of posting of all debits and credits to the Account, the collected balance therein shall be: Less than the Target Balance, then Bank is hereby authorized and directed to make an advance under the Revolving Line and transfer to the Account such funds as are required to cause the collected balance in the Account to equal the Target Balance; or In excess of the Target Balance, then Bank is hereby authorized and directed to transfer from the Account such funds as are required to cause the collected balance in the Account to equal the Target Balance and to apply such transferred funds to reduce the outstanding principal balance of the Revolving Line. Company acknowledges and agrees that any advance shall be limited to the maximum amount of credit available to the Company under the Revolving Line. WIRE TRANSFER SERVICES.‌‌ Definitions. In addition to the defined terms in Part I above, the following terms will have the following meanings as used in this Subpart.

Related to Target Balance

  • Account Balance The Servicer must never allow any Custodial T&I Account to become overdrawn as to any individual related Borrower. If there are insufficient funds in the account, the Servicer must advance its own funds to cure the overdraft.

  • Liability for current balance Without prejudice to clause 6.5, you are liable to pay the current balance shown on a statement of account to be outstanding as at the date of that statement of account. You may, however, pay less than the specified current balance but you must pay at least the minimum payment (calculated according to clause 6.3), which we must receive on or before the payment due date.

  • Credit Balances No interest or other amount will be paid by the Custodian on any credit balance on an Allocated Account.

  • Minimum Balance Merchant agrees to maintain a minimum balance of funds in the Settlement Account as Bank may specify to Merchant in writing from time to time.

  • Cash Balance At Closing, Purchaser shall pay to Seller the Purchase Price, less the Xxxxxxx Money, plus or minus the prorations described in this Agreement (such amount, as adjusted, being referred to as the “Cash Balance”). Purchaser shall pay the Cash Balance by federal funds wire transferred to an account designated by Seller in writing.

  • Account Balances Balances shown in your accounts may include deposits subject to verification by us. The balance reflected in the Service may differ from your records due to deposits in progress, checks outstanding, or other withdrawals, payments or charges. A transfer request may not result in immediate availability because of the time required to process the request. A transfer request must be made before the Business Day Cut-off time to be effective the same Business Day. The balances within the Service are updated periodically and the Service will display the most current "as of" date on the "accounts" summary page. There may be situations that cause a delay in an update of your balances. The Service will use the most current balance available at the time of a transaction to base our approval for account transfers.

  • Cash Balances Uninvested cash balances in my Account will be automatically swept into the Xxxxxx Xxxxx Money Market Fund according to my previous elections and authorizations relating to the treatment of cash balances. I understand and agree that the Xxxxxx Xxxxx Money Market Fund is offered by an Xxxxxx Xxxxx affiliate and, as a result, Xxxxxx Xxxxx has a financial incentive to select the Xxxxxx Xxxxx Money Market Fund as the available cash option, instead of a third-party cash product.

  • Maximum Contribution The total amount you may contribute to an IRA for any taxable year cannot exceed the lesser of 100 percent of your compensation or $6,000 for 2019 and 2020, with possible cost- of-living adjustments each year thereafter. If you also maintain a Xxxx XXX (i.e., an IRA subject to the limits of Internal Revenue Code Section (IRC Sec.) 408A), the maximum contribution to your Traditional IRAs is reduced by any contributions you make to your Xxxx IRAs. Your total annual contribution to all Traditional IRAs and Xxxx IRAs cannot exceed the lesser of the dollar amounts described above or 100 percent of your compensation.

  • Contribution Allocation The Advisory Committee will allocate deferral contributions, matching contributions, qualified nonelective contributions and nonelective contributions in accordance with Section 14.06 and the elections under this Adoption Agreement Section 3.04.

  • Minimum Cash Balance Licensee shall fund the Facility Checking Account --------------------- with an initial amount equal to $25,000.00 and thereafter Licensee shall provide the working capital required by Section I(H) of this Agreement

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