Reserve Account Minimum Balance definition

Reserve Account Minimum Balance means $5,900,000.

Reserve Account Minimum Balance means at any time, an amount equal to the greater of (A) $150,000 and (B) an amount equal to 1.00% of the aggregate outstanding principal balances of all Loans at such time.

Reserve Account Minimum Balance means $4,332,000.

Examples of Reserve Account Minimum Balance in a sentence

• On or prior to the initial Borrowing Date, Issuer shall deposit into the Reserve Account an amount equal to the Reserve Account Minimum Balance.

• The surety was granted up to the amount of EUR 200 thousand and is valid till the termination of the project, ie.

• The Department shall accept degrees from programs accredited by the Accreditation Commission for Education in Nursing (ACEN) and the Commission on Accreditation of Allied Health Education Programs.

• Pixxles may apply such amounts of the Merchant’s Total Revenue as is necessary to ensure that the available balance of the Reserve Account at no time falls below the Reserve Account Minimum Balance.

• Each of the Collateral Accounts (as defined in the Deposit and Disbursement Agreement) shall have been established as required under the Deposit and Disbursement Agreement and (subject to receipt of the Note proceeds by the Company) the Debt Service Reserve Account shall be funded (with cash, an Acceptable Letter of Credit, or an Acceptable Guaranty (or by any combination of the foregoing)) in an amount equal to the Debt Service Reserve Account Minimum Balance.

More Definitions of Reserve Account Minimum Balance

Reserve Account Minimum Balance means $3,366,643.

Reserve Account Minimum Balance means $7,320,000.

Reserve Account Minimum Balance means the amount set forth in the Merchant Terms Acknowledgement or such other amount as may be set by Pixxles in accordance with Clause 9.2.

Reserve Account Minimum Balance means at any time, an amount equal to 0.10% of the Program Limit.

Reserve Account Minimum Balance means at any time the greater of (i) $500,000 or (ii) the product of (A) 0.50% and (B) the Total Outstanding Advances at such time.

Reserve Account Minimum Balance means at any time, an amount equal to the sum of (i) an amount equal to 0.10% of the Program Limit plus (ii) all origination and upfront fees with respect to Private Loans that do not have the benefit of a Private Loan Guarantee Agreement and that have not been released from the Reserve Account in accordance with the express terms of this Agreement.

Reserve Account Minimum Balance means $_______________.