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

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 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.

  • 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 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.


More Definitions of Minimum Balance

Minimum Balance means the amount described in Section 4.19.1.
Minimum Balance as defined in Section 2.1(g).
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.
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. No minimum balance requirements apply to this account. Daily Balance Computation Method: Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Accrual of Dividends on Non-Cash Deposits: Dividends will begin to accrue on the business day you deposit noncash items (e.g., checks) to your account. Transaction Limitations: No transaction limitations apply to this account unless otherwise stated in the common features section; however, a fee may be assessed as applicable for overdrafts created by ATM withdrawals or by other electronic means. Fees and Charges: See separate Fee Schedule. MONEY MARKET ACCOUNT Tiered Rate Structure: This is a tiered rate account. The interest paid is calculated on a tiered rate structure. If the daily balance is greater than $2,000 but less than $100,000, the first-tier rate will be paid on the entire balance of the account. If the daily balance is $100,000 or greater, the second-tier interest rate will be paid on the entire balance of the account. Rate Information: The interest rate and annual percentage yield may change every month as determined by the credit union management and in accordance with market conditions. Compounding and Crediting: Interest will be compounded every month. Interest will be credited to the account every month. Effect of Closing an Account: If you close your account before interest is paid, you will not receive the accrued interest.
Minimum Balance shall have the meaning set forth in Section 7.7.
Minimum Balance shall have the meaning assigned in Section 3.1(a) -------------- hereof.