Unused Balance definition

Unused Balance as defined in Section 3.2.1.
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Unused Balance means the result of (i) the Committed Revolving Line minus (ii) the aggregate amount of all Advances, and minus (iii) the face amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit); and
Sample 1
Unused Balance means the difference between $50,000,000 and the aggregate principal amount of all Revolving Loans outstanding at any time.
Sample 1

Examples of Unused Balance in a sentence

  • Unused Balance Disbursement $0.00 This fee is charged in the event that your Card Account is cancelled, closed, or terminated for any reason and you request the unused balance to be returned to you via a check to the mailing address we have in our records.

  • In accordance with this, 3 (three) per cent shall be deducted, therefore, the entitled person shall receive 97 (ninety-seven) per cent of the Unused Balance (hereinafter the “Actual Repayable Balance”).

  • Unused Balance Disbursement $0 This fee is charged in the event that your Card Account is cancelled, closed, or terminated for any reason and you request the unused balance to be returned to you via a check to the mailing address we have in our records.

  • Sziget shall send an e-mail notification on the Unused Balance until 15 January 2023 and request the provision of the data necessary for paying out the Unused Balance deducted by the Refund Proceeding Fee.

  • Employees in regular positions shall accrue, on a pro rata basis, holiday leave for completed pay periods as follows: Hours Accrued Per Year/ Rates Per Pay Period Maximum Allowed Unused Balance 112 hours/4.31 hours per pay period 224 hours Holiday leave allowance shall be available for use on the first day following the pay period in which it is earned, provided an employee has completed 1,040 hours of continuous service from the employee’s benefit date.

  • Length of Service From Hire Date Rate Hours Per Year/Accrual Rates Per Pay Period Maximum Allowed Unused Balance From Hire Date through 104 pay periods* 192 hours/7.385 365 hours Over 104 & through 234 pay periods* 232 hours/8.923 441 hours Over 234 pay periods* 272 hours/10.462 517 hours *Assumes the employee has completed the required number of service hours in each pay period.

  • Maximum Allowed Unused Balance After 1,040 service hours through 8,320 service hours 80 Hours 160 Hours Over 8,320 and through 18,720 service hours 120 hours 240 hours Over 18,720 service hours 160 hours 320 hours For Supervising Dispatchers, such vacation allowance shall be available for use on the first day following the pay period in which it is earned, provided an employee has completed 1,040 hours of continuous service from the employee’s hire date.

  • Allowed Unused Balance After 13 & through 104 pay periods 279 Hrs.

  • For avoidance of doubt, Aby will not enterain any request for partial refund only of the Unused Balance.

  • Effective pp14/2022 Hours Per Year/Accrual Rates Per Pay Period Maximum Allowed Unused Balance 167 hours/6.42 334 hours 2.


More Definitions of Unused Balance

Unused Balance means the result of (i) the lessor of the Committed Revolving Line or the Borrowing Base minus (ii) the aggregate amount of all Advances.
Sample 1
Unused Balance means the remaining of the Balance not used until 31 December 2022.
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Unused Balance means the remaining of the Balance not used until noon following the last day of the 2022 Event.
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Unused Balance as defined in Section 3.2.1. U.S. Person: “United States Person” as defined in Section 7701(a)(30) of the Code. U.S. Tax Compliance Certificate: as defined in Section 5.10.2(b)(iii). 39 NAI-1507796678v9
Sample 1

Related to Unused Balance

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

  • 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.

  • Scheduled Balance Not applicable.

  • Aggregate Targeted Balance With respect to any group of Targeted Principal Classes or Components and any Distribution Date, the amount set forth for such group for such Distribution Date in Schedule V hereto.

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

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

  • Assumed Balance With respect to any Distribution Date, Class of Subordinated Certificates and Loan Group, each such Class' pro rata interest (based on their respective Class Certificate Balances) in such Loan Group equal to the product of the Subordinated Percentage for such Loan Group as of such Distribution Date and the aggregate Stated Principal Balance of each Mortgage Loan in such Loan Group as of the Due Date occurring in the month preceding the month of such Distribution Date (after giving effect to Principal Prepayments received in the Prepayment Period related to such prior Due Date).

  • Unused Line Fee has the meaning specified in Section 2.5.

  • Payahead Balance means, for a Lease:

  • 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.

  • Aggregate Planned Balance With respect to any group of Planned Principal Classes or Components and any Distribution Date, the amount set forth for such group for such Distribution Date in Schedule V hereto.

  • Applicable Unused Line Fee Percentage means, as of any date of determination, the applicable percentage set forth in the following table that corresponds to the Average Revolver Usage of Borrowers for the most recently completed month as determined by Agent in its Permitted Discretion; provided, that for the period from the Closing Date through and including February 28, 2015, the Applicable Unused Line Fee Percentage shall be set at the rate in the row styled "Level II"; provided further, that any time an Event of Default has occurred and is continuing, the Applicable Unused Line Fee Percentage shall be set at the margin in the row styled "Level II": Level Average Revolver Usage Applicable Unused Line Fee Percentage I > 50% of the Maximum Revolver Amount 0.25 percentage points II < 50% of the Maximum Revolver Amount 0.375 percentage points The Applicable Unused Line Fee Percentage shall be re-determined on the first date of each fiscal month of Borrowers by Agent.

  • Unused Fee Rate means a rate per annum equal to 0.50%.

  • Unused Commitment Fee Rate has the meaning given to such term in the Fee Letter.

  • Scheduled Balances Not applicable.

  • 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.

  • Applicable Fee Percentage means, as of any date of determination thereof, the applicable percentage used to calculate certain of the fees due and payable hereunder, determined by reference to the appropriate columns in the Pricing Matrix attached to this Agreement as Schedule 1.1.

  • Unused Amount means the Maximum Line reduced by outstanding Revolving Advances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one-half of one percent (0.5%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

  • 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.

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

  • 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.

  • Unused Fee has the meaning specified in Section 2.09(a).

  • Unused Portion has the meaning assigned to that term in Section 2.09(a).

  • Applicable Unused Commitment Fee Rate means 0.50% per annum.

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.15(C)(i) hereof determined in accordance with the provisions of Section 2.15(D)(ii) hereof.