Common use of Compensating Balances Clause in Contracts

Compensating Balances. Bank shall be Borrower's main bank of deposit and Borrower shall maintain average aggregate collected balances in its deposit account or accounts with Bank of not less than N/A per centum (__________%) of the outstanding unpaid balance of the Loan or Loans; such collected balances to be calculated net of any balances required to support _____ and deposit account activity costs. Balances shall be averaged ______________________________.

Compensating Balances. Bank shall be Borrower's main bank of deposit and Borrower shall maintain average aggregate collected balances in its deposit account or accounts with Bank of not less than N/A per centum (__________%) of the outstanding unpaid balance of the Loan or Loans; such collected balances to be calculated net of any balances required to support _____ and demand deposit account activity costs. Balances shall be averaged _____________ ______________________________.__________________________________________________

Compensating Balances. Bank shall be Borrower's main bank of deposit and Borrower shall maintain average aggregate collected balances in its deposit account or accounts with Bank of not less than that N/A per centum (__________%) of the outstanding unpaid balance of the Loan or Loans; , such collected balances to be calculated net of any balances required to support _____ and demand deposit account activity costs. Balances shall be averaged _______________________________________________.