Accrual Calculation Sample Clauses

Accrual Calculation. Vacation shall be accrued on a monthly basis by dividing twelve (12) into the number of eligible vacation hours per year, as set forth in Section l above, to which the employee is eligible to receive based upon the employee's years of service with the City.
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Accrual Calculation. Interest shall accrue on the unpaid principal balance of the Note from and including the day of the initial advance of the Note (and from the date of any protective advance) to but excluding the day the Note is paid in full. All interest and fees will be computed on the basis of a 360-day year and the actual number of days elapsed.
Accrual Calculation. Vacation shall be accrued on a pay period basis by dividing twenty six (26) into the number of hours per year to which the employee is eligible to receive based upon the employee’s years of service with the City.

Related to Accrual Calculation

  • Interest Calculation Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on a three hundred sixty (360) day year by (c) the outstanding principal balance.

  • Interest Calculations Interest shall be calculated on the basis of a 360-day year, consisting of twelve 30 calendar day periods, and shall accrue daily commencing on the Original Issue Date until payment in full of the outstanding principal, together with all accrued and unpaid interest, liquidated damages and other amounts which may become due hereunder, has been made. Interest hereunder will be paid to the Person in whose name this Note is registered on the records of the Company regarding registration and transfers of this Note (the “Note Register”).

  • Calculation of CP Costs On the third Business Day immediately preceding each Settlement Date, each Conduit shall calculate the aggregate amount of its Conduit Costs for the related Settlement Period and shall notify Seller of such aggregate amount.

  • Interest Rates Payments and Calculations (a) Interest Rate. -------------

  • Subsequent Recalculation In the event the Internal Revenue Service adjusts the computation of the Company under Section 5.2 herein so that the Executive did not receive the greatest net benefit, the Company shall reimburse the Executive for the full amount necessary to make the Executive whole, plus a market rate of interest, as determined by the Committee, within 30 days after such adjustment.

  • Calculation Any figure or percentage referred to in this Agreement shall be carried to seven decimal places.

  • Calculation of Amounts Binding Effect of Interpretations and Actions of Master Servicer...............................

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