Minimum Retained Balance definition

Minimum Retained Balance means U.S.$70,000,000 on an aggregate basis for all Onshore Group Members.
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Minimum Retained Balance means €20,000 for each of the Start Collection Accounts.
Sample 1
Minimum Retained Balance means the minimum retained balance indicated in section 21 of the Agreement; "Minimum Revolvement Amount" means the minimum revolvement amount indicated in section 21 of the Agreement; "Royal Bank Prime" means the annual rate of interest RBC announces from time to time as a reference rate then in effect for determining interest rates on Canadian dollar commercial loans in Canada; and "Transaction" means a transfer of funds from the Account to the Customer's business current account, made by RBC pursuant to section 3 of the Agreement. 2.
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Examples of Minimum Retained Balance in a sentence

  • Amounts credited to the Start Collection Accounts or the Seller Account, as applicable, from (and including) 19 June 2019 to (but excluding) the Closing Date that relate to the Start Issuer's Collection Portion (the "Start Interim Collections") will be identified by the Start Administrator and the Issuer Administration Consultant shall procure that any Start Interim Collections are transferred to the Transaction Account subject to the retention of the Minimum Retained Balance.


More Definitions of Minimum Retained Balance

Minimum Retained Balance means the minimum retained balance indicated in section 21 of the Agreement;
Sample 1
Minimum Retained Balance means, in relation to each Collection Account, €20,000.
Sample 1

Related to Minimum Retained Balance

  • Planned Balance With respect to any group of Planned Principal Classes or Components in the aggregate and any Distribution Date appearing in Schedule V hereto, the Aggregate Planned Balance for such group and Distribution Date. With respect to any other Planned Principal Class or Component and any Distribution Date appearing in Schedule V hereto, the applicable amount appearing opposite such Distribution Date for such Class or Component.

  • Targeted Balance With respect to any group of Targeted Principal Classes or Components in the aggregate and any Distribution Date appearing in Schedule V hereto, the Aggregate Targeted Balance for such group and Distribution Date. With respect to any other Targeted Principal Class or Component and any Distribution Date appearing in Schedule V hereto, the applicable amount appearing opposite such Distribution Date for such Class or Component.

  • Fund balance is the value of the Accumulation Fund, determined pursuant to Section 1.4.

  • Scheduled Balance Not applicable.

  • Planning Period Balance means the entire period of time remaining in the Planning Period following the month that a monthly auction is conducted.

  • New Balance This means the total outstanding balance on your account. It will be listed on each statement as the “New Balance”.

  • Unpaid Balance of any Receivable means at any time the unpaid principal amount thereof.

  • 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.

  • Required Balance has the meaning set forth in the Reinsurance Agreement.

  • Unobligated balance means the portion of the funds authorized by the Federal awarding agency that has not been obligated by the recipient and is determined by deducting the cumu- lative obligations from the cumulative funds authorized.

  • Loan Group Balance As to each Loan Group, the aggregate of the Stated Principal Balances of the Mortgage Loans in such Loan Group that were Outstanding Mortgage Loans at the time of determination.

  • Class Balance With respect to any Class of Certificates, at any time, the aggregate of the Certificate Balances of all Outstanding Certificates of such Class.

  • Annual Balanced Budget means that, in each Funding Year of the term of this Agreement, the total revenues of the HSP are greater than or equal to the total expenses, from all sources, of the HSP;

  • Payahead Balance means, for a Lease:

  • Specified Reserve Fund Balance means, on the Closing Date $3,846,153.85, and with respect to any Payment Date 0.25% of the initial aggregate principal balance of the Receivables as of the Cutoff Date.

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Time balance means the sum of the principal amount financed and the finance charge.

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Debit Balance means, as of any date, the dollar amount, if any, representing the accrued aggregate Annual Charge not deducted from the Liquid Balance.

  • True-Up Amount means the difference between the ABO calculated by using the member’s actual creditable service and the actual final average compensation as of the member’s effective date in the FRS Investment Plan and the ABO initially transferred.

  • Accumulation Period Amount means $41,666,666.67; provided, however, if the Accumulation Period Length is determined to be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Accumulation Period Amount shall be the amount specified in the definition of “Accumulation Period Amount” in the Indenture Supplement.