Minimum Current Value Sample Clauses

The Minimum Current Value clause establishes a baseline value that an asset, investment, or contractual item must maintain during the term of the agreement. In practice, this means that if the value of the specified item falls below the agreed minimum, certain actions may be triggered, such as requiring additional collateral, adjusting payment terms, or even allowing for early termination of the contract. This clause serves to protect parties from significant losses due to depreciation or market fluctuations, ensuring that the value of the subject matter remains within acceptable limits throughout the contractual relationship.
Minimum Current Value. At its discretion, Aetna may require a minimum initial Current Value for election of this option. If after election of this option the Current Value is insufficient to make a scheduled ECO payment, Aetna will distribute the entire balance of the Individual Account.
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Minimum Current Value. At its discretion, Aetna may require a minimum initial Current Value for election of this option. If after election of this option the Current Value is insufficient to make a scheduled ECO payment, Aetna will distribute the entire balance of the Individual Account(s). f) Distribution Date: The Participant shall specify an annual distribution date. The earliest date is the first day of the calendar year in which he or she attains age 70 1/2. For a spouse Beneficiary electing ECO after the Participant's death, the earliest date is the date of the Participant's death. The first distribution date may be the 15th of any month, or such other date as Aetna may designate or allow. Subsequent distributions will be made on the anniversary of that date. At its option, Aetna may allow payments to be made more frequently than annually.
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Related to Minimum Current Value

  • Minimum Current Ratio The Borrower will not, as of the last day of any Fiscal Quarter (commencing with the Fiscal Quarter ending June 30, 2018), permit the Current Ratio to be less than 1.00 to 1.00.

  • Minimum Call-Back Time All employees who are called out and required to work in an emergency outside their regular working hours shall be paid for a minimum of two (2) hours at overtime rates and shall be paid from the time they leave home to report for duty until the time they arrive back upon proceeding directly from work.

  • Minimum Commitment If for a certain Service a minimum commitment has been determined in the Agreement, the Customer guarantees to respect the minimum commitment described in the Agreement during the entire period of the Agreement. If the Customer does not respect this minimum commitment, the Customer shall pay the compensation mentioned in the Agreement. If no compensation has been mentioned in the Agreement, the Customer has to pay the applicable Charges for the respective Service, or the average of the applicable Charges if different Charges are applied for the respective Service, per missing number of its minimum commitment. Services that are timely cancelled by the Customer or Services for which the Customer has paid a cancellation fee , do not, even not partly, release the Customer from its obligation to respect the minimum commitment . Services cancelled as due to Force Majeure and Services cancelled by Lineas for other reasons than Force Majeure, will be considered as a Services ordered and paid for by the Customer. Services cancelled by the Customer or by Lineas because of holidays do not, even not partly, release the Customer from its obligation to respect its minimum commitment.

  • Minimum Cash As determined on the first of every calendar month, the Company shall at all times keep on-hand unencumbered, unrestricted cash in an amount greater than or equal to $1,000,000.

  • Minimum Cash Balance Licensee shall fund the Facility Checking Account --------------------- with an initial amount equal to $25,000.00 and thereafter Licensee shall provide the working capital required by Section I(H) of this Agreement