Common use of Minimum Credit Balance Clause in Contracts

Minimum Credit Balance. A minimum credit balance of HK$100,000.00 or an equivalent amount in the currencies of United States Dollars and other foreign currency that are offered by the Company (e.g. USD13,000.00) or such amount as may from time to time be prescribed in the Banking Ordinance (Chapter 155 of the Laws of Hong Kong) as the minimum sum of a deposit that can be taken by a deposit taking company in the Hong Kong Special Administrative Region (HKSAR) of the People’s Republic of China shall at all times be maintained in each Deposit Account.

Appears in 4 contracts

Sources: Master Service Agreement, Master Service Agreement, Master Service Agreement