Credits and Debits. These are calculated at the end of the accounting period when the number of hours worked varies from the required number of hours to be worked. No one can have a credit of more than fifteen (15) hours, or a debit of more than ten (10) hours, at the end of a given accounting period. Credit hours in excess of 15 hours will be forfeit. Debit hours in excess of ten (10) hours for two (2) consecutive accounting periods will be considered as absence without pay. If a debit in excess of ten (10) hours continues for a third consecutive accounting period, the person should be removed from the privilege of flexible hours. Credit hours being used may not be taken during core hours or when assigned by schedule except with the prior approval of one’s supervisor. Credit hours can be used during the following accounting period by working shorter daily hours outside of the core or scheduled periods, having informed one’s supervisor.
Credits and Debits. We use both automated and manual systems to process and post Transactions to your account. We also may refuse to accept a Transaction as prescribed by our procedures and regulatory requirements. If you have more than one Transaction on the same day (and do not have sufficient funds in your account), the order we use to post those Transactions may affect the number and extent of Overdrafts you have that day.
Credits and Debits. 40.4.1 Full-time employees will receive their annual personal/carer’s leave credit on their date of commencement and on each subsequent anniversary. Part-time employees will accrue a proportional credit according to their part-time hours.
40.4.2 Personal/carer’s leave will be cumulative but will not be paid out on separation.
40.4.3 Personal/xxxxx’s leave credits and debits will be recorded in hours and minutes.
40.4.4 Personal/xxxxx’s leave absences will be deducted in accordance with actual rostered hours for rostered employees, and in accordance with the prescribed hours for non-rostered employees.
Credits and Debits. All Capital Contributions of a Partner, its allocable share of Partnership income and loss, and cash or property distributions made to such Partner shall be credited or charged to such Partner's individual capital accounts as the case may be. To the extent an allocation or adjustment is not specifically described by this provision of this Agreement, that item shall be reflected in the Partner's capital accounts in accordance with Section 1.704-(b)(2)(iv) of the Treasury Regula tions, as amended from time to time. The capital accounts shall not bear interest.
Credits and Debits. Termination If a full time regular employee has vacation credit at the time of terminating his employment with the Company, whether by quitting, discharge, layoff, or retirement, he shall receive vacation pay in lieu of vacation time off with his closing check. If he has vacation debit (received more vacation time off with pay than he earned) at the time of such termination, the amount of overpayment shall be subtracted from his closing paycheck and any remaining vacation debit shall be refunded to the Company by the employee.
Credits and Debits. In consideration of the Landlord's agreement to extend the Commencement Date of this Lease for the Building B-1 Premises to May 1, 2001 as provided above, Tenant has agreed to pay to Landlord $15,870 to compensate Landlord for Landlord's additional cost of carry. In consideration of the reduction in the scope of the Building B-I Base Building described at the end of Section 4.2 above, Landlord has agreed to give Tenant a credit of $59,690. Accordingly, the net credit to Tenant is $43,820. This credit will be provided to Tenant by Landlord paying on Tenant's behalf, or causing to be paid on Tenant's behalf, $43,820 to Tenant's Initial Tenant Improvements general contractor to be applied against the cost of the Initial Tenant Improvements.
Credits and Debits. 5.1 Payment credits will be made at such frequency as previously agreed in writing between us.
5.2 Payments into your nominated bank account will be made Monday to Friday excluding public holidays, summer holiday periods will default to once a week.
5.3 In order for you to receive payment balances you must maintain a bank account with a financial institution acceptable to us for the purpose of receiving payments due from ParentMail. We shall be entitled to debit from that account any sums payable by you to ParentMail and you hereby covenant that you shall maintain with your financial institution an instruction to such effect.
5.4 You shall provide ParentMail with at least one month’s prior notice in writing if you intend to change the account referred to above or any substitute account. Any account change is subject to our approval. If you change your nominated bank account to another financial institution, we may require you to authorise or validate the new financial institution.
5.5 It is your responsibility to reconcile entries on your nominated bank account(s) and to notify us of any differences or errors without any undue delay but in any event within three (3) months of the date of the transaction. To the extent permitted by law in no event will we be liable for any failure to make a payment transaction which is not reported in writing to ParentMail within three (3) months of such failure.
5.6 You expressly waive any such claim that is not brought within the time periods stated herein.
Credits and Debits. If we make any credit or debit to your Bank Account in error (not including Payment Reversals, which are determined by you and your Buyer), you authorize us to have the improperly applied credit or debit reversed. If your bank rejects a credit we make to your Bank Account, we will provide you with an additional credit after we receive notice of the rejection. If your bank rejects a debit we make to your Bank Account, we may offset the debited amount against future payments to you under this Agreement or initiate another debit from your Bank Account. If we are unable to recover an amount owed through an offset or debit, we will invoice you and you will immediately pay the outstanding amount via wire transfer.
Credits and Debits. In general, each Member's capital account shall be increased (credited) by (a) the amount of money and the fair market value of property contributed by such Member to the Company (net of any liabilities to which the contributed property is subject), and (b) all items of Profit, income and gain (including income and gain, if any, exempt from tax and items allocated pursuant to Section 4.2) allocated to such Member; and shall be decreased (debited) by (c) the amount of money and the fair market value of property distributed to such Member (net of any liabilities assumed by such Member and liabilities to which such distributed property is subject, and
Credits and Debits a) The Bank may debit an Account even if this results in (or increases) a debit balance although it is not obliged to honour a cheque issued by the Customer without prior arrangement with the Bank which results in or increases the debit balance in the Account. The Customer shall, at all times, be responsible for the debit balance in an Account and for obligations arising out of or in connection with the Account.
b) The Bank is not obliged to credit an Account before receipt by the Bank of a corresponding and final payment in cleared funds. If the Bank makes a credit before such receipt, it may reverse all or part of the credit (including any interest thereon), make an appropriate entry to the Account and require repayment of an amount corresponding to any debit balance, including applicable interest, fees and charges. If the Bank receives notification that the funds credited to an Account are un-cleared, and the Customer has withdrawn funds subsequent to the credit of the said un-cleared funds and such withdrawal has caused the Account to become overdrawn (or the amount by which the Account is overdrawn increases) or fall below the minimum balance specified by the Bank, then the Bank may charge the Customer interest, fees and charges as identified in the schedule of charges.
c) The Bank may cancel any extension of credit by providing a thirty (30) days written notice to the Customer. The Customer will transfer to the Bank on closure of an Account and otherwise on demand from the Bank sufficient immediately available funds to cover any debit balance in an Account or any other extension of credit and any interest, fees or other amounts owed.
d) The Bank is not obliged to make a debit from an Account which might result in or increase a debit balance. If the total amount of debits to an Account at any time would otherwise result in a debit balance or exceed the immediately available funds in an Account, the Bank may decide which debits it will make (in whole or in part and in the order it selects).
