Aggregate Average Deposit Balance definition
Aggregate Average Deposit Balance means, as determined annually on the anniversary of the Closing Date ("Calculation Date"), the sum of the average aggregate monthly balance of the demand deposit account, concentration account and investment accounts for the twelve months immediately prior to the Calculation Date, divided by twelve.
Aggregate Average Deposit Balance means, as determined annually on the date of closing (“Calculation Date”), the sum of the average aggregate monthly balance of all Accounts for the twelve months immediately prior to the Calculation Date, divided by twelve.
Examples of Aggregate Average Deposit Balance in a sentence
The Borrower agrees to pay to the Bank an annual fee in an amount equal to 0.5% of the Commitment ("Annual Fee"), if Borrower fails to maintain an Aggregate Average Deposit Balance with the Bank of at least Thirty Five Million Dollars ($35,000,000.00).