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.

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Minimum Balance has the meaning set forth in Section 3.2(a).

Minimum Balance means the “threshold minimum balance” for the Master Account specified on the Set Up Sheet;

Examples of Minimum Balance in a sentence

• On the first day of each month (commencing with the month ended September 30, 2024), Borrowers agree to pay to Agent, for the ratable benefit of all Revolving Lenders, the sum of the Minimum Balance Fee due for the prior month.

• The Minimum Balance Fee shall be deemed fully earned when due and payable and, once paid, shall be non-refundable.

• The Minimum Balance Amount will be held in a deposit account described in the DACA in the name of Founder Capital (“Deposit Account”).

• Company shall have the right to use the cash in the Deposit Account to repay any portion of the Outstanding Balance (but only so long as such payment does not cause the total cash amount in the Deposit Account to drop below the Minimum Balance Amount), and so long as no Event of Default (as defined in the Note) under the Note has occurred and with Investor’s consent, to withdraw from the Deposit Account any funds in excess of the Minimum Balance Amount.

• The Minimum Balance shall remain on deposit in the Noise Mitigation Escrow until December 31, 2026 (subject to disbursement to Purchaser as permitted hereby).

More Definitions of Minimum Balance

Minimum Balance is defined in Section 4.2.

Minimum Balance shall have the meaning set forth in Section 7.7.

Minimum Balance means the amount described in Section 4.17.1.

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 ▇▇▇.▇▇▇▇▇.▇▇▇.

Minimum Balance as defined in Section 2.1(g).

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 shall have the meaning assigned in Section 4.1(a) hereof.