Expense Accrual Sample Clauses

Expense Accrual. (a) On each business day, calculate the amounts of expense accrual for each Fund according to the methodology, rate or dollar amount specified by the Board of Directors; (b) Account for expenditures and maintain expense accrual balances for each Fund at a level of accounting detail specified by the Board of Directors; (c) Conduct periodic expense accrual reviews for each Fund, comparing actual expenses to accrual amounts, as requested by the Board of Directors; and (d) Issue periodic reports for each Fund detailing expense accruals and payments at the times requested by the Board of Directors.
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Expense Accrual. TAM shall provide accounting and reporting services relating to the accrual of expenses as described below for each series of the Fund covered by this agreement: (a) On each business day, calculate the amounts of expense accrual for each series according to the methodology, rate or dollar amount specified by the Board of Trustees; (b) Account for expenditures and maintain expense accrual balances for each series at a level of accounting detail specified by the Board of Trustees; (c) Conduct periodic expense accrual reviews for each series as requested by the Board of Trustees comparing actual expenses to accrual amounts; and (d) Issue periodic reports for each series detailing expense accruals and payments at the times requested by the Board of Trustees.
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Expense Accrual. AALCMC shall provide accounting and reporting services relating to the accrual of expenses as described below for each Portfolio of the Fund covered by this Agreement: 2.1 On each business day, calculate the amounts of expense accrual for each Portfolio according to the methodology, rate or dollar amount specified by AAL; 2.2 Account for expenditures and maintain expense accrual balances for each Portfolio at a level of accounting detail specified by AAL; 2.3 Conduct periodic expense accrual reviews for each series as requested by AAL comparing actual expenses to accrual amounts; and 2.4 Issue periodic reports for each Portfolio detailing expense accruals and payments at the times requested by AAL.
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Expense Accrual. Thrivent Financial shall provide accounting and reporting services relating to the accrual of expenses as described below for each series of the Trust covered by this agreement: (a) On each business day, calculate the amounts of expense accrual for each series according to the methodology, rate or dollar amount specified by the Board; (b) Account for expenditures and maintain expense accrual balances for each series at a level of accounting detail specified by the Board; (c) Conduct periodic expense accrual reviews for each series as requested by the Board comparing actual expenses to accrual amounts; and (d) Issue periodic reports for each series detailing expense accruals and payments at the times requested by the Board.
Sample 1
Expense Accrual. Advisors shall provide accounting and reporting services relating to the accrual of expenses as described below for each series of the Fund covered by this agreement: (a) On each business day, calculate the amounts of expense accrual for each series according to the methodology, rate or dollar amount specified by the Board of Trustees; (b) Account for expenditures and maintain expense accrual balances for each series at a level of accounting detail specified by the Board of Trustees; (c) Conduct periodic expense accrual reviews for each series as requested by the Board of Trustees comparing actual expenses to accrual amounts; and (d) Issue periodic reports for each series detailing expense accruals and payments at the times requested by the Board of Trustees.
Sample 1
Expense Accrual. Thrivent shall provide to the Trust accounting and reporting services relating to the accrual of expenses as described below covered by this Agreement: (1) On each business day, calculate the amounts of expense accrual according to the methodology, rate or dollar amount specified by the Board; (2) Account for expenditures and maintain expense accrual balances at a level of accounting detail specified by the Board; (3) Conduct periodic expense accrual reviews as requested by the Board comparing actual expenses to accrual amounts; and (4) Issue periodic reports detailing expense accruals and payments at the times requested by the Board.
Sample 1

Related to Expense Accrual

  • Expense Account (a) The Trustee shall prior to the Closing Date establish a Securities Account with the Custodial Securities Intermediary which shall be designated as the “Expense Account” which shall be held in trust in the name of the Trustee for the benefit of the Secured Parties. The only permitted withdrawal from or application of funds on deposit in, or otherwise standing to the credit of, the Expense Account shall be to pay (on any day other than a Payment Date), accrued and unpaid Company Administrative Expenses (other than accrued and unpaid expenses and indemnities payable to the Loan Obligation Manager under the Loan Obligation Management Agreement); provided that the Trustee shall be entitled (but not required) without liability on its part, to refrain from making any such payment of a Company Administrative Expense on any day other than a Payment Date if, in its reasonable determination, taking into account the Priority of Payments, the payment of such amounts is likely to leave insufficient funds available to pay in full each of the items payable prior thereto in the Priority of Payments on the next succeeding Payment Date. On the Closing Date, Arbor Parent or its Affiliates shall deposit into the Expense Account an amount equal to U.S.$200,000. On or after the first Payment Date, any amount remaining in the Expense Account may, at the election of the Loan Obligation Manager be designated as Interest Proceeds. On the date on which all or substantially all of the Issuer’s assets have been sold or otherwise disposed of, the Issuer by Issuer Order executed by an Authorized Officer of the Loan Obligation Manager shall direct the Trustee to, and, upon receipt of such Issuer Order, the Trustee shall, transfer all amounts on deposit in the Expense Account to the Interest Collection Account for application pursuant to Section 11.1(a)(i) as Interest Proceeds. Xxxxxxx credited to the Expense Account may be applied on or prior to the Determination Date preceding the first Payment Date to pay amounts due in connection with the offering of the Notes. (b) On each Payment Date, the Loan Obligation Manager may designate Interest Proceeds (in an amount not to exceed U.S.$100,000 on such Payment Date) after application of amounts payable pursuant to clauses (1) through (10) of Section 11.1(a)(i) for deposit into the Expense Account. (c) The Trustee agrees to give the Issuer immediate notice if it becomes aware that the Expense Account or any funds on deposit therein, or otherwise to the credit of the Expense Account, shall become subject to any writ, order, judgment, warrant of attachment, execution or similar process. The Issuer shall not have any legal, equitable or beneficial interest in the Expense Account. The Expense Account shall remain at all times with the Corporate Trust Office or a financial institution having capital and surplus of at least U.S.$200,000,000 and a long-term debt rating at least equal to “Baa1” by Xxxxx’x and “AA (low)” by DBRS (or, if not rated by DBRS, an equivalent (or higher) rating by any two other NRSROs (which may include Xxxxx’x)). (d) The Loan Obligation Manager, on behalf of the Issuer, may direct the Trustee to, and upon such direction the Trustee shall, invest all funds in the Expense Account in Eligible Investments designated by the Loan Obligation Manager. All interest and other income from such investments shall be deposited in the Expense Account, any gain realized from such investments shall be credited to the Expense Account, and any loss resulting from such investments shall be charged to the Expense Account. The Trustee shall not in any way be held liable (except as a result of negligence, willful misconduct or bad faith) by reason of any insufficiency of such Expense Account resulting from any loss relating to any such investment, except with respect to investments in obligations of the Trustee or any Affiliate thereof. If the Trustee does not receive investment instructions from an Authorized Officer of the Loan Obligation Manager, the Trustee shall invest funds received in the Expense Account in Eligible Investments of the type described in clause (ii) of the definition thereto.

  • Leave Accrual After the first 30 days of active military service in any one calendar year, employees shall not accrue City-paid vacation, holiday, or sick leave benefits or other forms of paid leave; provided, however, that any public employee on military leave for intermittent training periods shall continue to accrue the same vacation, sick, and holiday leave up to a maximum period of 180 cumulative days per calendar year as if the employee had not been on military leave.

  • Sick Leave Accrual All eligible employees shall accrue sick leave at the rate of four (4) hours per pay period of continuous employment beginning with their date of eligibility. Eligible employees being paid for less than a full eighty (80) hour pay period shall have sick leave accruals pro-rated in accord with the schedule set forth in Appendix D.

  • Vacation Leave Accrual ‌ After a full-time employee has been in pay status for eighty (80) non-overtime hours in a calendar month, the employee will accrue vacation leave according to the rate schedule below. Vacation leave accrual for part-time employees will be proportionate to the number of hours the part-time employee is in pay status during the month to that required for full-time employment.

  • Vacation Accrual Regular employees shall accrue hours of vacation with pay for each hour of compensation to a maximum of eighty (80) hours per biweekly work period according to the following schedule, commencing with the employee's hire date of his latest period of County employment.

  • Interest Accrual Each Class of Notes will accrue interest on its Note Balance for each Interest Period until the Note Balance has been paid in full at a rate per annum equal to its Note Interest Rate for that Interest Period. Interest on the Class A-1 and Class A-2b Notes will be calculated for each Interest Period on the basis of the actual number of days in the Interest Period and a 360-day year. Interest on the Notes (other than the Class A-1 and Class A-2b Notes) for each Interest Period will be calculated on the basis of a 360-day year consisting of twelve 30-day months. Interest on each Note for each Interest Period will be due and payable on the related Payment Date.

  • Carryover Notwithstanding any other provision of this Section 6, no adjustment shall be made to the number of shares of Common Stock to be delivered to the Warrantholder (or to the Exercise Price) if such adjustment represents less than 1% of the number of shares to be so delivered, but any lesser adjustment shall be carried forward and shall be made at the time and together with the next subsequent adjustment which together with any adjustments so carried forward shall amount to 1% or more of the number of shares to be so delivered.

  • Maximum Accrual Vacation credit may be accumulated to a maximum that can be earned in four (4) years. Further accumulation will not continue when the maximum is reached. When an employee’s vacation reaches the maximum level, and if the employee has been denied vacation during the twelve (12) months, the employee will be paid for the time denied but no more than eighty (80) hours in a pay period. 80 hours 320 hours 120 hours 480 hours 160 hours 640 hours 180 hours 720 hours 200 hours 800 hours 240 hours 960 hours

  • Expense Accrual and Payment Services (1) For each valuation date, calculate the expense accrual amounts as directed by the Trust as to methodology, rate or dollar amount. (2) Process and record payments for Fund expenses upon receipt of written authorization from the Trust. (3) Account for Fund expenditures and maintain expense accrual balances at the level of accounting detail, as agreed upon by USBFS and the Trust. (4) Provide expense accrual and payment reporting.

  • Vacation Accrual Rates Laid off employees who are re-employed shall have the vacation accrual rate they held immediately prior to layoff restored.

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