Zero Balance definition

Zero Balance means any Participant’s Balance that is less than or equal to $0.00.
View Source
Zero Balance means the achievement of zero balance after Full Field Development has been achieved in the account maintained by the Contractor with respect to Capital Costs in accordance with the Accounting Procedure. After the occurrence of the first Zero Balance for the purposes of Article 14.1, Capital Costs thereafter will be classified by main budget category.
View Source
Zero Balance. Refers to no outstanding balance and no activity in the current month, i.e. no debt on the credit card account. Zero Liability: A policy to protect customers from fraudulent charges or unauthorized transactions. If a particular account is in good standing, and the account holder has taken adequate care in safeguarding his card, and not reported two or more unauthorized events in the last 12 months, then that account holder is not held accountable for unauthorized transactions or fraudulent charges.
View Source

Examples of Zero Balance in a sentence

  • After Zero Balance the priority shall be first Contractor, second SOCAR and finally Third Parties.

  • Zero Balance Accounting The State departments will request Federal funds one day before the funds are transferred to the service delivery area agencies.

  • Within 30 days after the Effective Date, the Servicer will send to each Affected Consumer, by first class U.S. mail, the Notice, consisting of (i) a copy of the Notice to Affected Consumers of Discontinuance of Billing and Collection, in the form of Exhibit A hereto, and (ii) an account statement reflecting an updated balance of $0 for each of the Affected Consumer’s Affected Loans, in the form of the sample Form of Zero Balance Account Statement attached hereto as Exhibit B.

  • Prior to Zero Balance the priority of such use of Contractor Facilities shall be first Contractor, second Third Parties, and finally SOCAR.

  • Bank shall provide to Customer the Zero Balance Account (“ZBA”) service, in which Bank shall initiate automatic transfers of funds from certain accounts designated by Customer (“Subsidiary Accounts”) into a single account designated by Customer to hold funds transferred from one or more Subsidiary Accounts (the “Master Account”) in order to arrive at a specified ending balance (“target” balance) in each Subsidiary Account.

  • To the extent that a Zero Balance Account, having a zero balance for less than 180 consecutive days, is the subject of a removal pursuant to Section 2.10 of the Transfer and Servicing Agreement, the Issuer shall provide, or cause to be provided, written notice of such removal to Standard & Poor's.

  • A Participant shall regain voting rights upon a subsequent Record Date if on such subsequent Record Date, the Participant carries greater than a Zero Balance.

  • No withdrawal shall become effective until such Participant has a Zero Balance, and until such time, such Participant shall continue to possess all the rights, and to be subject to all the obligations, arising from this Participation Agreement.

  • Modified Zero Balance Accounting Payment from the Federal Government shall be received the next Federal Reserve business day.

  • Our Zero Balance Account ("ZBA") Service enables you to consolidate your funds automatically each Business Day from designated deposit accounts ("Zero Balance Accounts" and/or "Subsidiary Accounts") into a designated master deposit account ("Concentration Account").


More Definitions of Zero Balance

Zero Balance means the achievement after the commencement of the Development and Production Period of zero balance in the accounts maintained by Contractor with respect to Capital Costs in accordance with the Accounting Procedure.
View Source

Related to Zero Balance

  • Class Balance With respect to any Class of Certificates, at any time, the aggregate of the

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

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

  • Asset Balance means, for any Payment Date, the Pool Balance as of the beginning of the current Collection Period.

  • Payahead Balance on a Precomputed Receivable means the sum, as of the close of business on the last day of a Collection Period, of all Payaheads made by or on behalf of the Obligor with respect to such Precomputed Receivable, as reduced by applications of previous Payaheads with respect to such Precomputed Receivable, pursuant to Sections 8.02(b) and 9.09.