Minimum Balance definition

Minimum Balance means, at any time, an amount that equals the product of: (a) the average Borrowing Base (or, if less on any given day, the Revolving Loan Commitment) during the immediately preceding month multiplied by (b) the Minimum Balance Percentage for such month.
Minimum Balance has the meaning set forth in Section 3.2(a).
Minimum Balance means, at any time, an amount that equals the product of: (i) the average Borrowing Base (or, if less on any given day, the Revolving Loan Commitment) during the immediately preceding month multiplied by (ii) the Minimum Balance Percentage for such month.

Examples of Minimum Balance in a sentence

  • The undersigned understands and agrees that if the undersigned tenders an amount that would cause the undersigned’s account balance to fall below the Required Minimum Balance, the Company may reduce the amount to be purchased from the undersigned so that the Required Minimum Balance is maintained.

  • The undersigned understands that if the undersigned tenders an amount that would cause the undersigned's account balance to fall below the Required Minimum Balance, the Fund reserves the right to reduce the amount to be purchased from the undersigned so that the Required Minimum Balance is maintained.Amounts payable are subject to proration as described in the Offer to Purchase.

  • The undersigned understands and agrees that if the undersigned tenders an amount that would cause the undersigned’s capital account balance to fall below the Required Minimum Balance, the Fund may reduce the amount to be purchased from the undersigned so that the Required Minimum Balance is maintained.

  • The undersigned understands that if the undersigned tenders an amount that would cause the undersigned's capital account balance to fall below the Required Minimum Balance, the Fund reserves the right to reduce the amount to be purchased from the undersigned so that the Required Minimum Balance is maintained.

  • Subject to maintenance of a minimum balance of $50,000 ($25,000 for certain shareholders, as disclosed in the Fund's Prospectus) (the "Required Minimum Balance").


More Definitions of Minimum Balance

Minimum Balance means the “threshold minimum balance” for the Master Account specified on the Set Up Sheet;
Minimum Balance means the balance of the relevant Customer's Account or the designated account (as the case may be) that must be maintained at the end of each Banking Day.
Minimum Balance means the amount described in Section 4.19.1.
Minimum Balance is defined in Section 4.2.
Minimum Balance shall have the meaning set forth in Section 7.7.
Minimum Balance means the balance that Plan Sponsor will deposit and maintain in the deposit account and which will be an amount mutually agreed upon by the Parties in accordance with the selected funding method. This amount as may be modified by BCBSNC from time to time in accordance with this Contract.
Minimum Balance means the minimum dollar amount that must be held in the Cash Account before the Accountowner can establish an Investment Account. The Minimum Balance is established by the Recordkeeper from time to time, and is posted at xxx.xxxxx.xxx.