Cash Balance Account Sample Clauses

Cash Balance Account. Maintain, at all times, a cash balance of not less than fifty percent (50%) of the outstanding principal amount of all Advances in an account (the “Cash Balance Account”) maintained by Borrower at Xxxxx Fargo. This Section 5.13 shall fully amend and restate the provisions of Section 3(c) of the Acknowledgement of Default and Waiver Agreement.”
Sample 1
AutoNDA by SimpleDocs
Cash Balance Account. A Cash Balance Account is a notional account established for each Participant pursuant to Section 3A.2 of the Plan.
Sample 1
Cash Balance Account. Sections 5.13 of the Credit Agreement is hereby amended in full to read as follows:
Sample 1
Cash Balance Account. Fail at any time to maintain (a) the Cash Balance Account, (b) a Deposit Account Control Agreement with respect thereto, or (c) a cash balance therein of at least Two Hundred Fifty Thousand Dollars ($250,000).
Sample 1
Cash Balance Account. Borrower shall be in compliance with Section 5.13 of the Credit Agreement.
Sample 1
Cash Balance Account. (a) Lender shall also establish a sub-account on its own books and records (the "Cash Balance Account") and shall credit to such Cash Balance Account all collected funds which constitute payments referred to in Section 2.8(a) above at such time as the amount to be credited has been identified to Lender's reasonable satisfaction.
Sample 1
Cash Balance Account. 2.9(c) If no Event of Default has occurred, Borrower may request a release of amounts credited to the Cash Balance Account on a monthly basis for (i) royalty payment distributions and Borrower's production and property related taxes, (ii) Borrower's share of Net Revenue in accordance with the Cash Flow Sharing Ratio and (iii) Lease Operating Expenses incurred in the
Sample 1
AutoNDA by SimpleDocs

Related to Cash Balance Account

  • Cash Account Except as otherwise provided in Instructions acceptable to Bank, all cash held in the Cash Account shall be deposited during the period it is credited to the Account in one or more deposit accounts at Bank or at Bank's London Branch. Any cash so deposited with Bank's London Branch shall be payable exclusively by Bank's London Branch in the applicable currency, subject to compliance with any Applicable Law, including, without limitation, any restrictions on transactions in the applicable currency imposed by the country of the applicable currency.

  • Income Account The Trustee shall collect the dividends and other cash distributions on the Securities in each Trust which would be treated as dividend (other than capital gain dividends) or interest income under the Internal Revenue Code as such become payable (including all monies which would be so treated representing penalties for the failure to make timely payments on the Securities, or as liquidated damages for default or breach of any condition or term of the Securities or of the underlying instrument relating to any Securities and other income attributable to a Failed Contract Obligation for which no Replacement Security has been obtained pursuant to Section 3.12 hereof) and credit such income to a separate account for each Trust to be known as the "Income Account." Any non-cash distributions received by a Trust shall be sold to the extent they would be treated as dividend or interest income under the Internal Revenue Code and the proceeds shall be credited to the Income Account. Except as provided in the preceding sentence, non-cash distributions received by a Trust (other than a non-taxable distribution of the shares of the distributing corporation which shall be retained by a Trust) shall be dealt with in the manner described in Section 3.11, herein, and shall be retained or disposed of by such Trust according to those provisions and the proceeds thereof shall be credited to the Capital (Principal) Account. Neither the Trustee nor the Depositor shall be liable or responsible in any way for depreciation or loss incurred by reason of any such sale. All other distributions received by a Trust shall be credited to the Capital (Principal) Account."

  • Cash Balances Uninvested cash balances in my Account will be automatically swept into the Xxxxxx Xxxxx Money Market Fund according to my previous elections and authorizations relating to the treatment of cash balances. I understand and agree that the Xxxxxx Xxxxx Money Market Fund is offered by an Xxxxxx Xxxxx affiliate and, as a result, Xxxxxx Xxxxx has a financial incentive to select the Xxxxxx Xxxxx Money Market Fund as the available cash option, instead of a third-party cash product.

  • Cash Balance At Closing, Purchaser shall pay to Seller the Purchase Price, less the Xxxxxxx Money, plus or minus the prorations described in this Agreement (such amount, as adjusted, being referred to as the “Cash Balance”). Purchaser shall pay the Cash Balance by federal funds wire transferred to an account designated by Seller in writing.

  • Permitted Withdrawals from the Collection Account and Distribution Account (a) The Master Servicer may from time to time make withdrawals from the Collection Account for the following purposes:

  • Investment Account The Manager shall maintain an investment account or accounts in the Manager’s name (the “Account”) on behalf of the Principal, any other participating insurer affiliated with the Principal and/or the Ultimate Parent Company, an insurance subsidiary or affiliate of the Principal and/or the Ultimate Parent Company or a pension plan or profit-sharing plan of the Principal, its insurance subsidiaries or affiliates, (collectively, the “Participants”), and shall hold therein all debt obligations, accounts or deposits permitted by the New Hampshire Insurance Code as more fully described on Exhibit A, as may be amended from time to time, and attached hereto and incorporated herein (collectively, “Investments”), deposited in or purchased or otherwise acquired for and on behalf of the Principal and the Participants from time to time pursuant to the terms and conditions of this Agreement. All Investments in the Account shall be Short-Term Obligations.

Time is Money Join Law Insider Premium to draft better contracts faster.