CREDITS TO ACCOUNT. Promptly after each purchase or sale of Securities by the Fund, the Fund shall deliver to Custodian a Certificate or Instructions, or with respect to a purchase or sale of a Security generally required to be settled on the same day the purchase or sale is made, Oral Instructions specifying all information Custodian may reasonably request to settle such purchase or sale. Custodian shall account for all purchases and sales of Securities on the actual settlement date unless otherwise agreed by Custodian,
CREDITS TO ACCOUNT. Promptly after each purchase or sale of Securities by the Trust, the Trust shall deliver to Custodian a Certificate or Instructions, or with respect to a purchase or sale of a Security generally required to be settled on the same day the purchase or sale is made, Oral Instructions specifying all information Custodian may reasonably request to settle such purchase or sale. Custodian shall account for all purchases and sales of Securities on the actual settlement date unless otherwise agreed by Custodian.
CREDITS TO ACCOUNT. A Participant’s Account will be credited for each Plan Year with the amount of his elective deferrals under Section 4.1 at the time the amount subject to the deferral election would otherwise have been payable to the Participant and the amount of Employer contributions treated as allocated on his behalf under Article 5.
CREDITS TO ACCOUNT. Promptly after each purchase or sale of Securities by Customer, an Authorized Person shall deliver to Custodian Written Instructions specifying all information necessary for Custodian to settle such purchase or sale. Custodian shall account for all purchases and sales of Securities on the actual settlement date unless otherwise agreed by Custodian.
CREDITS TO ACCOUNT. Custodian may as a matter of bookkeeping convenience or by separate agreement with the Principal, credit the Account with the proceeds from the sale, redemption or other disposition of Securities or interest or dividends or other distributions payable on Securities prior to its actual receipt of final payment; therefore, all such credits shall be conditional until the Custodian’s actual receipt of final payment and may be reversed by Custodian to the extent that final payment is not received. Payment with respect to a transaction will not be final until Custodian receives immediately available funds under which applicable local law; rule and/or practice are irreversible and not subject to any security interest, levy or other encumbrance, and which are specifically applicable to such transaction. Principal acknowledges and agrees that any currency risk associated with any such credits will be borne by the Fund that receives the credit.
CREDITS TO ACCOUNT. The Company shall credit each Deferred Amount to a bookkeeping account in the name of the Executive (the "Account") on the date the Deferred Amount would (absent this Amendment) have been paid to the Executive. The Company shall also credit the Account monthly with interest on the balance therein at the prime rate as pub lished in the Wall Street Journal, as in effect from time to time, less one percentage point. The Account shall be reduced as and to the extent distributions are made from the Account pursuant to Sections 4, 6 and 7 of this Amendment.
CREDITS TO ACCOUNT. Merchant's bank account shall be credited in an amount equal to the aggregate value of all on-line and all authorized off-line transactions completed pursuant to this Agreement no later than, depending upon time of Merchant processing cutover, either one (1) or two (2) bank business days following the day on which such transactions occur less monthly service and transaction fees and applicable State taxes or other required deductions. FIS shall guarantee settlement for all transactions approved by FIS. EBT-only Merchants shall have a cutover time of 2:30 am Central Time (CT) with the option to change. For cutover times prior to 6:00 p.m. Central Time ("CT"), funds will be deposited to the Merchant's bank on the next bank business day following the day on which the transactions occurred. For cutover times after 6:00 p.m. CT, funds will be deposited two banking days following the day on which the transactions occurred. A "banking day" shall mean a day that is not a nationally recognized bank holiday and on which a branch of the Federal Reserve that is used for settlement is open for business. FIS reserves the right to discontinue authorizing transactions if FIS fails to receive reimbursement of funds from the appropriate government agency. In the event of such a discontinuance, FIS shall use reasonable commercial efforts to notify affected Merchants.
CREDITS TO ACCOUNT. As of the Effective Date, for each calendar month during the period of July 1, 1995 through the Effective Date, an amount equal to 13.77 percent (or such other percent as may from time to time be determined by the Board of Directors of Elco Industries, Inc., in its sole discretion) of the monthly base salary payable to the Executive by the Corporation for such month shall be credited to the Executive's Account. As of the last day of each calendar month thereafter, an amount shall be credited to the Executive's Account which is equal to 13.77 percent (or such other percent as may from time to time be determined by the Board of Directors of Elco Industries, Inc., in its sole discretion) of the monthly base salary payable to the Executive by the Corporation for such month. The aforementioned amounts shall cease to be credited to an Executive's Account as of the last day of the calendar month in which occurs the Executive's Benefit Date (as defined in Section 1.2 ), voluntary termination of employment with the Corporation or discharge by the Corporation (with or without cause), death, Permanent Disability (as defined in Section 3.1) or termination of this Agreement pursuant to Section 4.2. In addition to the amounts based on the Executive's monthly base salary described above, there shall be a monthly credit to the Executive's Account as of the last day of each calendar month equal to 0.5654 percent (or such other percent as may from time to time be determined by the Board of Directors of Elco Industries, Inc., in its sole discretion) multiplied by the Executive's Account balance as of the last day of the preceding calendar month. This credit shall continue until, as is applicable, the Executive's Retirement Payment Commencement Date described in Section 1.2, Early Benefit Payment Commencement Date described in Article 2 or Article 3, voluntary termination of employment with the Corporation or discharge by the Corporation as described in Section 4.1 or 8.1 or termination of this Agreement as described in Section 4.2. Notwithstanding the foregoing, with respect to each calendar month during the period of July 1, 1995 through the Effective Date, the monthly credit amounts shall be determined as described above, but credited to the Executive's Account as of the Effective Date.
CREDITS TO ACCOUNT. Any amounts credited to the Employee's Account shall be invested in a Policy which shall be held in the Trust.
CREDITS TO ACCOUNT. Promptly after each purchase or sale of Securities by the Company, the Company shall deliver to Custodian a Certificate or Instructions, or with respect to a purchase or sale of a Security generally required to be settled on the same day the purchase or sale is made, Oral Instructions specifying all information Custodian may reasonably request to settle such purchase or sale. Custodian shall account for all purchases and sales of Securities on the actual settlement date unless otherwise agreed by Custodian.
