Examples of Eligible Balances in a sentence
Upon the giving of such Notice, the obligation of such Lender to charge interest at the Balance Funded Rate based on Borrowers’ Eligible Balances shall be immediately suspended for the duration of such illegality and with respect to Advances bearing interest at the Balance Funded Rate, each such Advance of such Lender shall bear interest at the applicable Interest Rate described in Exhibit H.
Under the Bank Sweep, Your Eligible Balances will be swept into Deposit Accounts at one or more participating Program Banks based on the deposit capacity of Program Banks and other factors.
Consult knowledge platforms (see Part 4) to structure the strategic process.
The Eligible Balances held through an alternative Sweep Program are not FDIC-insured.
Your periodic VBS Account statement will summarize account activity related to the Bank Sweep, including Your ending balance, as well as deposit, withdrawal, and interest information related to Your Eligible Balances at Program Banks for the period covered.