Daily Balance definition

Daily Balance means the amount of the Obligations owed at the end of a given day.

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Daily Balance means, as of any date of determination and with respect to any Obligation, the amount of such Obligation owed at the end of such day.

Daily Balance means, with respect to each day during the term of this Agreement, the amount of an Obligation owed at the end of such day.

Examples of Daily Balance in a sentence

Each Fund listed below and The Bank of New York Mellon (the “Bank”) have entered into an average compensating balance arrangement, which would allow the Funds to compensate the Bank for any overdrafts by maintaining a positive cash balance and conversely, on any day a Fund maintains a positive balance, the respective Fund will be permitted to overdraw the account as compensation, within the Maximum Daily Balance limits as established for each fund as listed below.
The Fund and The Bank of New York Mellon (the “Bank”) have entered into an average compensating balance arrangement, which would allow the Fund to compensate the Bank for any overdrafts by maintaining a positive cash balance and conversely, on any day the Fund maintains a positive balance, the Fund will be permitted to overdraw the account as compensation, within the Maximum Daily Balance limits as established for the Fund as listed below.
Maximum Daily Balance (“MDB”) limits have been determined for each Fund.
Maximum Daily Balance (“MDB”) limits have been determined for the Fund.

More Definitions of Daily Balance

Daily Balance as used in this Agreement means the amount determined by taking the amount of the Credit owed at the beginning of a given day, adding any new Credit advanced or incurred on such date, and subtracting any payments or collections which are deemed to be paid and are applied by Bank in reduction of the Credit on that date under the provisions of this Agreement.

Daily Balance means, with respect to each day during the term of this Agreement, the aggregate outstanding amount of all Advances or Obligations, as the context requires, at the end of such day.

Daily Balance. We figure the daily balance for each balance by:

Daily Balance means, as of any date of determination and with respect to any Obligation, the amount of such Obligation owed at the end

Daily Balance. The “daily” balance of your account is the principal balance on which interest accrues each day. (For information about the balance on which interest accrues, see the section titled “When Interest Begins to Accrue”.)

Daily Balance means the amount of the Obligations owed at the end of a given day. Deposit Account shall have the meaning ascribed to such term in the Code. Documents shall have the meaning ascribed to such term in the Code.

Daily Balance means, with respect to each day during the term of this Agreement, the amount of Loans owed at the end of such day.