Retained Balance definition
Examples of Retained Balance in a sentence
On each Business Day, the Issuer shall cause to be deposited into the Collection Account all amounts in the Lockbox Account (other than the Lockbox Account Retained Balance or Merchant Processing Amounts) from Obligors or otherwise in respect of the Conveyed Property (other than Obligor Security Deposits received from an Obligor, which will be deposited by the Servicer into the Obligor Security Deposit Account, and amounts received relating to Grid Services).
All of Seafield's liabilities relating to the SLH Business which are referred to or which are reflected on the Balance Sheet as well as such liabilities which have been incurred by the SLH Business since September 30, 1996, other than such liabilities included in the Retained Liabilities (the "Balance Sheet Liabilities" with the such Retained balance sheet liabilities hereinafter referred to as the "Retained Balance Sheet Liabilities").
For purposes of its Opinion, Hanover believes that a pre-tax earnings multiple of 4x would be appropriate, not only because of the Company’s revenue size but also because of the fact it has yet to report on a fiscal basis any profits, given also the Company’s Retained Balance Earnings Account Balance of <$458,488> through June 30, 2011.
On each Business Day, the Borrower shall cause to be deposited into the Collection Account all amounts in the Lockbox Account (other than the Lockbox Account Retained Balance or Merchant Processing Amounts) from Consumer Obligors or otherwise in respect of the Conveyed Property (other than Consumer Obligor Security Deposits received from a Consumer Obligor (which shall be deposited by the Servicer into the Consumer Obligor Security Deposit Account) and amounts received relating to Grid Services).
Within a reasonable time, after commencement of each Activation Effective Time and continuing on each Banking Day thereafter, Bank shall wire transfer all immediately available Funds (other than the Retained Balance provided in Section 15(i) below) in the Account to the account specified by Agent in the Activation Notice.
The designation of a Pre-Closing Account as a Post-Closing Account or of a Post-Closing Account as a Seller Retained Balance or a Transferred Company Balance shall not limit or alter any indemnification obligation under Article VII or VIII.
Whenever the balance in the Customer’s business current account is less than the Minimum Retained Balance, RBC will, once a day, debit the Account such that the Customer’s business current account is thereafter nil or in positive balance.
Whenever the balance in the Customer's business current account is less than the Minimum Retained Balance, RBC will, once a day, debit the Account such that the Customer's business current account is thereafter nil or in positive balance.
In the event that we receive insufficient funds from your chosen Investment Provider for payment of any of the Fees, as and when they fall due, the Retained Balance will be used to settle any outstanding balance.
On each Business Day, the Issuer shall cause to be deposited into the Collection Account all amounts in the Lockbox Account (other than the Lockbox Account Retained Balance) from Obligors or otherwise in respect of the Conveyed Property (other than Obligor Security Deposits received from an Obligor, which will be deposited by the Servicer into the Obligor Security Deposit Account).