Minimum Required Balance definition

Minimum Required Balance means funds of not less than Fifty Million Dollars ($50,000,000) maintained by Borrower in investments in accounts with Bank or Bank’s Affiliates, including (i) not less than Five Million Dollars ($5,000,000) in a non-interest bearing demand deposit account with Bank or Bank’s Affiliates and (ii) not less than Five Million Dollars ($5,000,000) in a money market mutual fund account with Bank or Bank’s Affiliates.

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Minimum Required Balance means, as of any date of determination, the product of (i) the Debt Service Amount as of such date of determination and (ii) 1.10.

Minimum Required Balance has the meaning set forth in the Transaction Terms Letter.

Examples of Minimum Required Balance in a sentence

Unrestricted cash and cash equivalents shall not include any amounts used to establish the Minimum Required Balance under the Credit Balance Agreement entered into contemporaneously with this Agreement.
Seller shall at all times maintain a margin balance in the Over/Under Account of not less than the Minimum Required Balance, which account shall be used to assist in settling the Transactions and any other obligations under this Agreement.
Subject to any other limits set by CoinBurp in its discretion, the maximum amount of a particular type of Legal Tender that you may transfer from your CoinBurp Account is the amount by which the balance of such Legal Tender in your CoinBurp Account exceeds your Minimum Required Balance (as defined in Section 10.1).
An amount equal to the Haircut for all Wet Mortgage Loans proposed to be sold under such Transaction plus the Minimum Required Balance, as set forth in Section 3(i)(1), shall be on deposit in the Over/Under Account.
With respect to each Transaction the subject of which are Wet Mortgage Loans, Seller shall ensure that there are sufficient funds on deposit in the Over/Under Account such that following the withdrawal of the Haircut related to such Wet Mortgage Loans by Buyer, the balance of the Over/Under Account is equal to or greater than the Minimum Required Balance.

More Definitions of Minimum Required Balance

Minimum Required Balance means 50% of the Facility Limit.

Minimum Required Balance has the meaning specified in Section 2.12(h).

Minimum Required Balance means the greater of (i) $3,000,000 (or the equivalent in another currency, currency unit or combination thereof), or (ii) an amount that is sufficient to pay the Cash-pay Interest accruing on the Promissory Certificates under this Agreement for the next twelve calendar months (deeming the rate of interest applicable to the Promissory Certificates to be the same as the rate of interest on the Promissory Certificates for the then current Interest Period).

Minimum Required Balance means $12,000,000 minus the amount of all permanent reductions of the Revolving Commitments pursuant to Section 2.01(b).

Minimum Required Balance shall have the meaning set forth in Section 2.1 (b).

Minimum Required Balance means funds of not less than Fifty Million Dollars ($50,000,000) maintained by Borrower in investments in accounts with Bank or Bank’s Affiliates. “Purchase Agreement” means that certain Purchase Agreement, dated as of February 29, 2008, by and between SFE and Saints Capital Dakota, L.P., as purchaser thereunder. 4.

Minimum Required Balance at any given time is (a) if the Increased Minimum Balance Requirements are not in effect at such time, Twenty Million Dollars ($20,000,000.00), and (b) if the Increased Minimum Balance Requirements are in effect such time, (i) Fifty Million Dollars ($50,000,000.00), if Borrower’s drug candidate INBRX-106 is under Active Development at such time or (ii) Seventy Five Million Dollars ($75,000,000.00), if ▇▇▇▇▇▇▇▇’s drug candidate INBRX-106 is not under Active Development at such time.