Balance Requirement definition

Balance Requirement means 100% of Bankcard ATL at any time of determination.
View Source
Balance Requirement is defined in Section 2.3 (b).
View Source
Balance Requirement. The Borrowers shall maintain average net available demand deposit balances in a minimum amount sufficient to compensate. Chase for account activity or alternatively will be charged the usual fees for services rendered as determined by the standard fee schedule of Chase, or as otherwise agreed upon by the Company and Chase. It shall be understood that the maintenance of such deposits will not in any way obligate Chase to lend.
View Source

Examples of Balance Requirement in a sentence

  • Minimum Balance Requirement: The minimum balance required to open this account is $5.00, which must be maintained to keep the account open.

  • Minimum Balance Requirement: There is no minimum balance required to open or maintain this account.

  • If Seller shall fail to maintain with Buyer during any calendar month deposits in the Operating Account in the average, after charges to compensate Buyer for services rendered to Seller, equal to at least the Minimum Balance Requirement, Seller shall pay to Buyer a fee equal to the amount of such deficit multiplied by the Maintenance Fee Rate.

  • Subject to Section 9(h), The Buydown Amount will accrue interest at the Operating Account Rate; provided that in no event shall interest accrue on (A) the Buydown Amount (x) if on any day the Buydown Amount is less than the Minimum Balance Requirement or (y) the average balance of funds in the Operating Account during any calendar month is less than the Minimum Balance Requirement and (B) that portion of the Buydown Amount that is in excess of the Minimum Balance Requirement.

  • For the avoidance of doubt, in any Quarter that the Compensating Balance Requirement is satisfied, Borrower will not be charged the Increased Spread on the applicable Note rate in the next succeeding Quarter.

  • Minimum Average Daily Balance Requirement applies to this account in order to avoid the imposition of a monthly service fee (Refer to the Schedule of Fees and Charges, which is incorporated by this reference).

  • Should the Compensating Balance Requirement fail to be maintained during any calendar quarter during the term of the Loan (“Quarter”), such will not constitute an Event of Default, but the interest rate that is applicable on the Note during the next Quarter shall automatically be increased by one-quarter of one percent (0.25%) (“Increased Spread”) over the interest rate that would otherwise be applicable on the Note for such Quarter had the Compensating Balance Requirement been satisfied.

  • If Sellers shall fail to maintain with Buyer during any calendar month deposits in the Operating Account in the average, after charges to compensate Buyer for services rendered to Sellers, equal to at least the Minimum Balance Requirement, Sellers shall pay to Buyer a fee equal to the amount of such deficit multiplied by the Maintenance Fee Rate.

  • If Seller shall fail to maintain with Buyer during any calendar quarter non-interest bearing deposits in the Operating Account, Inbound Account and Haircut Account in the aggregate, after charges to compensate Buyer for services rendered to Seller, equal to at least the Minimum Balance Requirement, Seller shall pay to Buyer a fee equal to the amount of such deficit multiplied by a rate per annum equal to the Pricing Rate plus 2%.

  • Balance Requirement and Service Charges: FDIC Computations for minimum balances and service charges are based on: (1) the average daily balance method for the period when calculating requirements concerning checking and savings accounts.