Allocation of Interest. A portion of each rental payment shall be allocated to interest, with the imputed interest based on a 360 day year for the thirty days elapsed.
Allocation of Interest. As of the end of each Plan Year, and as of the date of termination of this Agreement or payment in full of the benefits provided for hereunder, Bank shall credit the Employee’s Account, with interest, compounded annually, on the undistributed balance then held in his Account. The annual rate of interest for each Plan Year shall be equal to the highest certificate of deposit rates offered by the Bank during the year preceding the year in which the interest is to be allocated. Interest with respect to any allocations made during a Plan Year shall accrue from the date of allocation.
Allocation of Interest. Any interest earned on the Escrowed Funds during the Escrow Period, but not distributed to either the Shareholders or the Purchaser at the end of any taxable period will be deemed interest income of the Escrow pursuant to Section 468B of the Internal Revenue Code of 1986, as amended and will not be treated as interest income to the Shareholders or Purchaser prior to distribution. SECTION 7.
Allocation of Interest. The interest of each of the Beneficiaries in the portion of the Trust Estate relating to the 747 Leased Property is 33 1/3 percent and the interest of 747 Inc. in the portion of the Trust Estate relating to the DC-9 Leased Property is 100 percent.
Allocation of Interest. If SPC establishes an interest-bearing Custodial Account and your Stripe Connect Platform informs you that your Financial Account will bear interest, then SPC will allocate accrued interest under that Custodial Account in the proportion that your average daily balance during the preceding month bears to the average daily balance of all funds that are held in that Custodial Account over the same time period and calculated on the same basis. SPC will allocate interest to your Financial Account only in whole cents. Any fractional amount of the interest amount that would otherwise be credited to your Financial Account that is less than half of one cent will be rounded down and that fractional amount will be carried over to the following month. Any fractional amount of the funds equal to half of one cent or more will be rounded up and that fractional amount will be carried forward as negative accrual to the following month.
