Return of Balance Clause Samples

The 'Return of Balance' clause requires one party to return any remaining funds, deposits, or balances to the other party at the conclusion of a contract or upon termination of the agreement. In practice, this may involve refunding unused prepaid amounts, security deposits, or any other financial balances that are not owed for services rendered or damages incurred. This clause ensures that parties are not unjustly enriched and that financial matters are settled fairly when the contractual relationship ends.
Return of Balance. In accordance with the Uniform Grant Management Standards (UGMS) Part III _.50 Closeout (d)(2), any remaining advanced funds that have not been spent or approved to be spent by TCEQ as of the Expiration Date of the Contract must be immediately returned. No additional use or retention of these funds is authorized. The unspent or unapproved balance must be returned to TCEQ no later than 90 days after the Expiration Date.
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Return of Balance. The balance of a Competitor’s Performance Bond held by ACEA will be returned not later than thirty (30) days after the Competitor has discharged all of its obligations in relation to AC35 to the reasonable satisfaction of the Commercial Commissioner.
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Return of Balance. In accordance with Texas Grant Management Standards (TxGMS) regarding Closeout, any remaining advanced payment funds that have not been spent or approved to be spent by TCEQ as of the Expiration Date of the Contract must be promptly returned. No additional use or retention of these funds is authorized. The unspent or unapproved balance must be returned to TCEQ no later than ninety (90) days after the Contract Expiration Date.
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Related to Return of Balance

  • Return Amount Subject to Paragraph 3 and Paragraph 4, upon a demand made by the Transferor on or promptly following a Valuation Date, if the Return Amount for that Valuation Date equals or exceeds the Transferee’s Minimum Transfer Amount, then the Transferee will transfer to the Transferor Equivalent Credit Support specified by the Transferor in that demand having a Value as of the date of transfer as close as practicable to the applicable Return Amount (rounded pursuant to Paragraph 11(b)(iii)(D)) and the Credit Support Balance will, upon such transfer, be reduced accordingly. Unless otherwise specified in Paragraph 11(b), the “Return Amount” applicable to the Transferee for any Valuation Date will equal the amount by which: (i) the Value as of that Valuation Date of the Transferor’s Credit Support Balance (adjusted to include any prior Delivery Amount and to exclude any prior Return Amount, the transfer of which, in each case, has not yet been completed and for which the relevant Settlement Day falls on or after such Valuation Date). exceeds (ii) the Credit Support Amount.

  • 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

  • Account Balance The Servicer must never allow any Custodial T&I Account to become overdrawn as to any individual related Borrower. If there are insufficient funds in the account, the Servicer must advance its own funds to cure the overdraft.

  • Minimum Balance ▇▇▇▇▇▇▇▇ agrees to maintain a minimum balance of funds in the Settlement Account as Processor may specify to Merchant in writing from time to time.

  • Cash Balance Within two (2) Business Days after the end of each Fiscal Month, Borrower will deliver a certificate reporting to Agent the Cash Balance as of the last day of the Fiscal Month just ended, which certificate shall be executed and certified by a Responsible Officer of the Borrower as true and correct; (d)