Compensating Balance Sample Clauses

Compensating Balance. Customer agrees to maintain at all times throughout the term hereof, funds on deposit with Information Services in an amount equal to (a) the aggregate amount of the transactions paid through the interchange systems on the previous day or if daily receipts tend to fluctuate by a significant amount at certain times during the week, month or year, an amount equal to the highest aggregate amount of transactions paid during the relevant period plus (b) an amount equal to NAS pass through fees and chargebacks (the Compensating Balance”).

Compensating Balance. The Borrower shall maintain an average of Five Hundred Thousand and no/100 Dollars ($500,000.00) of collected non-interest bearing funds deposited at the Bank at all times during which there remains any outstanding balances under this Loan Agreement and/or the Loans. The average shall be calculated quarterly. If the Borrower shall fail to satisfy the above requirement during any quarter, the Borrower shall pay to the Bank a fee equal to the three (3) month LIBOR Rate, plus one (1%) percent, on the difference between Five Hundred Thousand and no/100 Dollars ($500,000.00) and the average amount of funds so deposited.

Compensating Balance. So long as this Agreement is in effect or there are any outstanding Borrower's Liabilities hereunder, the Borrower shall maintain with the Bank, in demand deposit (non-interest bearing) accounts, an amount computed as follows (the "Compensating Balance"): NOT APPLICABLE If the borrower fails to maintain the Compensating Balance, the Bank may charge, and the Borrower agrees to pay, a deficiency fee, which shall be payable within 30 days after the Bank issues the ▇▇▇▇ for such fee, in an amount computed as follows: NOT APPLICABLE

Compensating Balance. Borrower shall maintain on deposit at Lender funds (not including funds in the Reserve Account) in an amount equal to or in excess of One Million and No/100 Dollars ($1,000,000.00).

Compensating Balance. For as long as I owe any amount under the Loan, or you have an outstanding commitment to me, I agree to maintain an average annually balance of $250,000.00 in one or more interest bearing accounts with you.

Compensating Balance. Borrower shall maintain with Lender, throughout the term of the Loan, a minimum balance of $4,000,000.00 in an account with Lender.

Compensating Balance. For as long as I owe any amount under the Loan, or you have an outstanding commitment to me, I agree to maintain an average monthly balance of $$15,000 in one or more interest-bearing accounts with you. Z.

Compensating Balance. The Applicable Interest Rate is a preferred rate, based upon Borrower and the Loan Parties maintaining one or more non-interest bearing deposit accounts with Agent in an aggregate average collected monthly balance of not less than the higher of (a) $10,000,000 or (b) 10% of the (i) total outstanding balance, for term loans, and/or (ii) commitment amount, for revolving loans; of all loans of Borrower and the Loan Parties with Agent (“Loan Portfolio”), whether existing now or in the future (“Minimum Account Balance”). Within 60 days after the Closing Date, Borrower shall establish, and thereafter maintain at all times, the Minimum Account Balance with Agent until all Obligations and all other obligations and indebtedness under the Loan Portfolio are paid in full. If at any time, Borrower fails to maintain the Minimum Account Balance for any given month (“Shortfall Month”), the Applicable Interest Rate will increase without notice to a rate of 0.25% greater than would otherwise be the case under this Agreement effective on the next payment due date (for prime rate) or scheduled rate change date (for term benchmarks) two (2) months after the Shortfall Month.

Compensating Balance. The interest rate in effect on the Advances from time to time as indicated in paragraph (a) above is a preferred rate, based upon Borrower, the Guarantors, their subsidiaries and affiliates maintaining one or more non-interest bearing deposit accounts with Bank in an aggregate average collected monthly balance of not less than the higher of (a) $1,500,000 or (b) 10% of the (i) total outstanding balance, for term loans, and/or (ii) commitment amount, for revolving loans, of all loans of B▇▇▇▇▇▇▇, the Guarantors, their subsidiaries and affiliates with Bank (“Loan Portfolio”), whether existing now or in the future (“Minimum Account Balance”). Within 60 days after the Amendment No. 3 Effective Date, Borrower shall establish, and thereafter maintain at all times, the Minimum Account Balance with Bank until all outstanding amounts under this Loan Agreement and all other notes under the Loan Portfolio are paid in full. If at an time, B▇▇▇▇▇▇▇ fails to maintain the Minimum Account Balance for any given month (“Shortfall Month”), the annual interest rate on the Advances will increase without notice to a rate of 0.25% greater than would otherwise be the case under this Agreement, effective on the next payment due date two (2) months after the Shortfall Month.”