Interest and Earnings Sample Clauses
The 'Interest and Earnings' clause defines how interest or other financial gains generated from funds held under the agreement are handled. Typically, this clause specifies whether such earnings accrue to one party, are shared, or are used to offset certain costs or obligations. For example, if a deposit is held in escrow, the clause will clarify who receives any interest earned on that deposit during the holding period. Its core practical function is to prevent disputes by clearly allocating the benefits of any interest or earnings, ensuring transparency and fairness in the management of funds.
Interest and Earnings. We may perform sub-accounting, recordkeeping, administrative or other services related to your IRA, and for these services we retain and receive interest and other income from assets that you have not directed us to invest. This income includes amounts generated on the Uninvested Cash Funds that we deposit with other financial institutions.
Interest and Earnings. Individual interest and earnings will be applied to each individual account, on a semi- annual basis, based on account balances. If this approach causes a failure to pass the IRS required discrimination testing, interest and earnings will be allocated on a per capita basis.
Interest and Earnings. Interest and Earnings on Finance Charge Account
Interest and Earnings. We may perform sub- accounting, recordkeeping, administrative or other services related to your ▇▇▇▇ ▇▇▇, and for these services we retain and receive interest and other income from assets that you have not directed us to invest. This income includes amounts generated on the Uninvested Cash Funds that we deposit with other financial institutions.
Interest and Earnings. Promptly, but no later than ten business days, after the end of each calendar quarterly period, the Escrow Agent shall disburse to the Majority Shareholder all interest and earnings on the Escrow Account during such calendar quarterly period. Release Date. Promptly, but no later than two business days, after the Escrow Fund Release Date (as defined below), the Escrow Agent shall disburse to the Majority Shareholder the remaining amount held in the Escrow Fund, if any; provided, however, that, if
Interest and Earnings. The Company credits amounts in the General Account with a fixed rate of interest. Interest will be credited on a daily basis. The Company may change the rate (up or down) periodically during the year, but not below the minimum guaranteed rate of [three percent (3%)]. The Funds offered under the Contract are part of Separate Account Eleven. Separate Account Eleven consists of several Sub-Accounts. Each Sub-Account is invested exclusively in the assets of one underlying Fund. Your Contributions buy accumulation units in the Sub-Accounts representing the Funds in which you elect to invest. The value of your Participant Account invested in a Fund is equal to the number of Sub-Account accumulation units for that Fund multiplied by the appropriate Sub-Account unit value. The accumulation unit value for each Sub-Account reflects the investment performance of that Sub-Account, minus expenses. Therefore, the value of the Sub-Accounts will increase or decrease according to the investment experience of the Fund.