Compensating Balances definition

Compensating Balances has the meaning specified in Section 2.04(d).

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Compensating Balances means, for the period of determination, that percentage determined by dividing (i) the average balance maintained by Borrowers in deposit accounts with Bank that are not subject to any liens or rights of third parties, over such period, divided by (ii) the average balance of the outstanding principal amount all of the Loans.

Compensating Balances means the amount of funds allowed to remain in an account.

Examples of Compensating Balances in a sentence

The Custodian may compensate a Fund for any interest earned by the Custodian on uninvested cash balances maintained in a Fund's account pursuant to the Overdraft and Compensating Balances Procedures.
The Custodian may compensate a Fund for any interest earned by the Custodian on uninvested cash balances maintained in a Fund’s account pursuant to the Overdraft and Compensating Balances Procedures.
If the Borrower fails to maintain the Compensating Balances, the Borrower shall pay during such quarter an unused fee (“Unused Fee”) equal to the amount shown in the pricing grid in the definition of Applicable Rate times the difference between the Commitment and the average Total Outstandings during the quarter.
If the Borrower fails to maintain the Compensating Balances, the Borrower shall pay during such quarter an unused fee (“Unused Fee”) equal to the amount shown in the pricing grid in the definition of Applicable Margin times the difference between the Commitment and the average Total Outstandings during the quarter.
Compensating Balances Borrower shall agree to maintain 85% of its operating and investment accounts at or through the Bank.

More Definitions of Compensating Balances

Compensating Balances means the aggregate amount of deposits of WLH and any Affiliate of WLH maintained with Lender, including deposits in any interest-bearing account; provided, however, that such amount shall exclude the amount of any collateralized funds in any deposit account, including, without limitation, those funds in which Borrower has granted Lender a security interest in exchange for the issuance of any letter of credit.

Compensating Balances means the average balances in the Borrower's non-interest bearing account with Lender during the applicable period less the sum of float, reserves and balances required to cover service charges to maintain the account. These amounts will be computed in accordance with customary Lender practices which may change from time to time.

Compensating Balances has the meaning specified in Section 2.04(d). “Compliance Certificate” means a certificate substantially in the form of Exhibit C. “Contractual Obligation” means, as to any Person, any provision of any security issued by such Person or of any agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound. “Control” has the meaning specified in the definition of “Affiliate.” “Covered Entity” means any of the following: (a) a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b); (b) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or (c) a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b). “Credit Extension” means borrowing of a L/C Credit Extension. “Current Assets” means the aggregate of cash plus short term marketable securities plus accounts receivable plus auction rate securities held on Borrower’s balance sheet. “Current Liabilities” means the current portion of the Borrower’s obligations for borrowed money (including Obligations hereunder). “Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally. 7 4854-3834-3709, v. 14

Compensating Balances means the value to the payee hereof (net of all service charges, all reserve requirements, FDIC insurance assessments and other costs, fees, expenses and amounts incurred by the payee hereof on account of such balances) of Maker's average daily, free, collected, non-interest bearing compensating balances maintained at Bank One, Arizona, NA, as determined by the payee hereof and set forth on Maker's monthly account analysis statement prepared by the payee hereof. In determining free, collected, non-interest bearing compensating balances, there shall be subtracted any uncollected or returned checks, and there shall be no adjustment for reserve requirements, FDIC insurance assessments or other costs incurred by the payee hereof on account of such balances.

Compensating Balances means the average balances in the Borrower's non-interest bearing account with Lender during the applicable period less the sum of float reserves and balances required to cover service charges to maintain the account. These amounts will be computed in accordance with customary Lender practices which may change from time to time.

Compensating Balances. The Borrower agrees to maintain a $100,000 compensating balance in its depository account maintained at Bank at all times during the terms of this credit facility.

Compensating Balances means collected balances held by the depository to compensate the depository for the cost of financial services rendered.