Allocation of Interest Earnings Sample Clauses

Allocation of Interest Earnings. The District intends to invest amounts on deposit in the Acquisition and Construction Fund in investments permitted by law. Interest earnings realized on amounts in each Account of the Acquisition and Construction Fund will remain in such Account until disbursed in accordance with this Agreement. Earnings on amounts in the County Facilities Account shall not be deemed to reduce or partially fulfill the amount of the Company’s financial obligations related to the County Facilities or other facilities required by the Development Agreement.
Sample 1Sample 2
AutoNDA by SimpleDocs
Allocation of Interest Earnings. The District intends to, and may, invest amounts on deposit in the Acquisition and Construction Fund in investments permitted by law. Interest earnings realized on amounts in each Account or subaccount of the Acquisition and Construction Fund will remain in such Account or subaccount until disbursed in accordance with this Agreement.
Sample 1

Related to Allocation of Interest Earnings

  • Computation of Interest and Fees All computations of interest for Base Rate Loans (including Base Rate Loans determined by reference to the Eurodollar Rate) shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day. Each determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.

  • 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.

  • Variation of interest and charges We are entitled, in our reasonable discretion, to vary or determine, at any time and from time to time, the amounts, rates, types and/or basis of calculation of all interests, fees and charges payable by you under this agreement after giving reasonable notice. Without prejudice to the foregoing, such notice of changes of interests, fees and charges may be contained in the statement of account, which shall be effective from such date as we may specify. We may debit the same to your card account and/ or request that you pay the same on demand as we may deem fit.

Time is Money Join Law Insider Premium to draft better contracts faster.