Required Minimum Balance definition

Required Minimum Balance has the meaning assigned to such term in Section 5.15(b).
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Required Minimum Balance means, for each Interest Rate Swap Agreement and for the related Swap Cash Collateral Account, as of any date of determination, the amount equal to the sum of the Exposure plus the Aggregate Independent Amount; provided that if the Required Minimum Balance is a negative number, it shall be deemed to be zero.
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Required Minimum Balance means the minimum account balance as determined by the Trustee from time to time and set out in the PDS.
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Examples of Required Minimum Balance in a sentence

  • KHC’s prior written consent is required for any disbursements (i) if the balance in the Operating Reserve Account is below the Required Minimum Balance; or (ii) if the disbursement would cause the balance of the Operating Reserve Account to fall below the Required Minimum Balance.

  • Lifeways agrees to maintain the Required Minimum Balance as defined in the Member Financial Responsibilities section of the MMRMA Governance Manual.

  • Failure to Maintain Required Minimum Balance In the event the FEA fails to meet the requirements of the replenishment plan, maintain, and report the required restricted reserve, the FEA will be placed under corrective action and shall submit a plan to the Department for approval that includes an analysis of the reasons for the shortfall and a plan for restoring the required restricted reserve balance.

  • But when the excess over the Required Minimum Balance is more than 50%, it appears to me to be counterproductive to restrict withdrawals while there is a General Fund deficit.

  • CHFA’s prior written consent is required for any disbursements (i) if the balance in the Operating Deficity Reserve Account is below the Required Minimum Balance; or (ii) if the disbursement would cause the balance of the Operating Reserve Account to fall below the Required Minimum Balance.

  • Michigan Municipal Services Authority agrees to maintain the Required Minimum Balance as defined in the Member Financial Responsibilities section of the MMRMA Governance Manual.

  • A certain amount of that balance cannot be spent (the so-called Required Minimum Balance, defined as the amount in the fund in 2001 adjusted for inflation or adjusted for subsequent contributions, whichever is greater).

  • But the amount in excess of the Required Minimum Balance has increased in both funds, to 77% for the Endowment Fund and to 91% for the Bradley Fund.

  • It appears to me that a restriction on withdrawals makes sense when the excess balance over the Required Minimum Balance is no more than 50% - that is a safe cushion against severe market corrections such as those that occurred in 2008/9.

  • Replenishment: If at any time the balance in the Operating Reserve Account is less than the Required Minimum Balance, then Owner shall make deposits to replenish the Operating Reserve Account to the Required Minimum Balance as cash flow permits, but at no time may replenishment take more than three months.


More Definitions of Required Minimum Balance

Required Minimum Balance means, on any day, One Million Dollars ($1,000,000).
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Required Minimum Balance means an aggregate amount equal to One Million Five Hundred Thousand Dollars ($1,500,000).
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Related to Required Minimum Balance

  • Required Minimum means, as of any date, the maximum aggregate number of shares of Common Stock then issued or potentially issuable in the future pursuant to the Transaction Documents, including any Underlying Shares issuable upon conversion in full of all Notes (including Underlying Shares issuable as payment of interest on the Notes), ignoring any conversion or exercise limits set forth therein.

  • Minimum Balance means, at any time, an amount that equals the product of: (a) the average Borrowing Base (or, if less on any given day, the Revolving Loan Commitment) during the immediately preceding month multiplied by (b) the Minimum Balance Percentage for such month.

  • Minimum Cash Balance means $10,000,000 minus (i) $500,000, (ii) any amounts to be paid to holders of Allowed Ongoing Trade Claims of New Permian Corp., and (iii) any amounts to be paid to holders of Allowed Cure Amounts pursuant to Section 8.4(ii).

  • Minimum Dilution Reserve Percentage means, at any time of determination, the product (expressed as a percentage and rounded to the nearest 1/100th of 1%, with 5/1000th of 1% rounded upward) of (a) the average of the Dilution Ratios for the twelve (12) most recent Fiscal Months, multiplied by (b) the Dilution Horizon Ratio.

  • Minimum Liquidity Amount shall have the meaning assigned to such term in the Pricing Side Letter.

  • stipulated minimum threshold means that portion of local production and content as determined by the Department of Trade and Industry; and

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

  • Required Amount shall have the meaning set forth in Section 4.8.

  • Required Accumulation Factor Number shall be equal to a fraction, rounded upwards to the nearest whole number, the numerator of which is one and the denominator of which is equal to the lowest monthly principal payment rate on the Accounts, expressed as a decimal, for the three months preceding the date of such calculation.

  • Minimum Balance Requirements You must maintain a minimum daily balance of $2,000.00 in your Money Market Savings account to obtain the disclosed annual percentage yield. We impose a monthly maintenance fee if the balance falls below $500 any day of the month. Basic Checking Account Rate Information: This account does not pay interest.

  • Minimum DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.

  • Minimum Weighted Average Coupon Test means a test that will be satisfied on any Measurement Date if the Weighted Average Coupon equals or exceeds 5.0%.

  • Required Availability means Excess Availability and unrestricted cash and Cash Equivalents in an amount of not less than $5,000,000.

  • Quarterly Excess Available Funds Percentage means, with respect to the March 2008 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Class A Required Amount shall have the meaning specified in subsection 4.04(a).

  • Average Excess Availability means, with respect to any period, the sum of the aggregate amount of Excess Availability for each Business Day in such period (calculated as of the end of each respective Business Day) divided by the number of Business Days in such period.

  • Required Reserve Factor Floor means, for any Calculation Period, the sum (expressed as a percentage) of (a) 12.5% plus (b) the product of the Adjusted Dilution Ratio and the Dilution Horizon Ratio, in each case, as of the most recent Cut-Off Date.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Adjusted Pool Balance means, on the Closing Date, an amount equal to:

  • Minimum Equity Amount shall have the meaning provided in the recitals to this Agreement.

  • Final Availability Date means the earlier of the Revolving Termination Date and one (1) Business Day prior to the date specified in clause (a) of the definition of Revolving Termination Date.

  • Minimum Liquidity has the meaning given in Clause 11.19;

  • Class B Required Amount shall have the meaning set forth in subsection 4.04(b).

  • Total Available Amount With respect to any Distribution Date, the sum of the Available Interest and the Available Principal for such Distribution Date and the amount of all cash or other immediately available funds on deposit in the Reserve Account immediately prior to such Distribution Date.

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • Average monthly discharge limitation means the highest allowable average of “daily discharges” over a calendar month, calculated as the sum of all “daily discharges” measured during a calendar month divided by the number of “daily discharges” measured during that month.