DELIVERIES FOLLOWING A NEGATIVE CARRYFORWARD ACCOUNT BALANCE Sample Clauses

DELIVERIES FOLLOWING A NEGATIVE CARRYFORWARD ACCOUNT BALANCE. Following any Contract Year in which a Negative Carryforward (the "Triggering Carryforward") accrues causing the balance of the Carryforward Account to become negative in any Contract Year, Disposeco shall be obligated to deliver to Xxxxxxxx Xxxxx, over the two Contract Years immediately following the Contract Year in which such Negative Carryforward accrued, amounts of NOW in excess of the Annual Volumes for such Contract Years equal to the negative Carryforward Account balance. In the event Disposeco fails to deliver such amounts over the next two Contract Years, at the end of the second Contract Year, Xxxxxxxx Xxxxx will invoice Disposeco, and Disposeco shall be obligated to pay, an amount equal to the Prevailing Rate at the time multiplied by the quantity of the remaining portion of the Triggering Carryforward. Upon receipt of payment, the Carryforward Account balance shall be adjusted to reflect such amounts as if they had been actually delivered during the preceding Contract Year.
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Related to DELIVERIES FOLLOWING A NEGATIVE CARRYFORWARD ACCOUNT BALANCE

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • What Forms of Distribution Are Available from a Xxxxxxxxx Education Savings Account Distributions may be made as a lump sum of the entire account, or distributions of a portion of the account may be made as requested.

  • Account Balance The Servicer must never allow any Custodial T&I Account to become overdrawn as to any individual related Borrower. If there are insufficient funds in the account, the Servicer must advance its own funds to cure the overdraft.

  • Excess Contributions An excess contribution is any amount that is contributed to your IRA that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an excess is determined by the timeliness of the correction as identified below.

  • Allocation of Applied Realized Loss Amounts Any Applied Realized Loss Amounts shall be allocated by the Trustee to the most junior Class of Subordinated Certificates then Outstanding in reduction of the Class Certificate Balance thereof.

  • Account Balances Balances shown in your accounts may include deposits subject to verification by us. The balance reflected in the Service may differ from your records due to deposits in progress, checks outstanding, or other withdrawals, payments or charges. A transfer request may not result in immediate availability because of the time required to process the request. A transfer request must be made before the Business Day Cut-off time to be effective the same Business Day. The balances within the Service are updated periodically and the Service will display the most current "as of" date on the "accounts" summary page. There may be situations that cause a delay in an update of your balances. The Service will use the most current balance available at the time of a transaction to base our approval for account transfers.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • When Must Distributions from a Xxxx XXX Begin Unlike Traditional IRAs, there is no requirement that you begin distribution of your account during your lifetime at any particular age.

  • Allocation of Profits and Losses Distributions Profits/Losses. For financial accounting and tax purposes, the Company's net profits or net losses shall be determined on an annual basis and shall be allocated to the Members in proportion to each Member's relative capital interest in the Company as set forth in Schedule 2 as amended from time to time in accordance with U.S. Department of the Treasury Regulation 1.704-1.

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