Common use of Compensating Balance Clause in Contracts

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. 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 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