Interest Earnings. All interest earned on the escrow funds deposited in the Accounts hereunder shall be added to and held in the Accounts. Upon each closing, pursuant to Written Instructions, within 5 business days the Escrow Agent shall issue interest payments in check form to each Potential Investor based on his individual balance in the Subscription Account along with a cover letter and to the Manager based upon its balance in the Subscription Account along with a cover letter. The Escrow Agent will prepare and send notifications on Form 1099 for each calendar year to all persons who have received distributions of earnings reflecting their respective shares of such earnings.
Interest Earnings. Any interest earned while Centre Funds are in deposit at the Recipient’s bank, whether in a separate Project account or in a general account, shall be fully credited by the Recipient to the Project and reported as earnings on Project financial reports (Section A15). Such Project earnings shall be applied to the Project. Where they are not applied to the Project, the Project Budget (per Part 4 - Project Budget) will be reduced by an amount equivalent to the earnings.
Interest Earnings. Funds that you deposit are subject to withdrawal as stated in the Funds Availability section, above, in Part IV, Section C. Notwithstanding the availability for withdrawal, deposits will begin to earn interest as follows:
Interest Earnings. All interest earned on the escrow funds deposited in the Accounts hereunder ----------------- shall be added to and held in the Accounts. Upon each closing, pursuant to Written Instructions, within five (5) business days of the crediting of such interest the Escrow Agent shall issue interest payments in check form to each Potential Investor based on his individual balance in the Investment Account along with a cover letter and to the Adviser based upon its balance in the Adviser's Account along with a cover letter. The Escrow Agent will prepare and send notifications on Form 1099 for each calendar year to all persons who have received distributions of earnings reflecting their respective shares of such earnings. [
Interest Earnings. All moneys earned and collected from investments authorized in this policy shall be allocated monthly to various fund accounts based on the cash balance in each fund as a percentage of the entire pooled portfolio.
Interest Earnings. (i) King County shall distribute interest earnings to the District based on the District's average daily cash balance maintained in the Pool as determined by King County. King County shall calculate interest earnings by the 15th day of the following month; however, the actual distribution will be effective as of the first of the month.
(ii) King County shall calculate the monthly interest earnings rate used for Pool distributions using earnings of the Pool on an accrual basis. Earnings will be paid on an actual/actual day basis. For example, a fund maintaining an average balance of $1,000,000 in a 31 day month for which a 3.00% earnings rate is paid will receive $2,547.95 in interest for that month. ($1,000,000 x .03 x 31/365).
Interest Earnings. Any interest earned while Grant Funds are in deposit at the Recipient’s bank, whether in a separate Project account or in a general account, shall be fully credited by the Recipient to the Project and reported as earnings on Project financial reports. Such Project earnings shall be applied to the Project. Where they are not applied to the Project, the Grant Funds will be reduced by an amount equivalent to the earnings.
Interest Earnings. Funds that you deposit are subject to withdrawal as stated in the Funds Availability section, above, in Part IV, Section C. Notwithstanding the availability for with- drawal, deposits will begin to earn interest as follows: Method of Deposit When Interest will Begin to Accrue Cash As of date of deposit. Wire transfers from the Federal Reserve or Automated Clearing House (ACH) transfers Transfers from other Capitol Federal accounts U.S. Savings Bonds As of date of deposit. Checks (including money orders and traveler’s checks) drawn upon the U.S. Treasury, a Federal Reserve Bank, a Federal Home Loan Bank, the U.S. Postal Service or any other U.S. federal or state chartered financial institution As of the next business day following the day of deposit. Deposits that are received on non business days will be considered received as of the next following business day. Every day is a business day except Saturday, Sunday and federal holidays. Checks drawn upon a foreign financial institution (if accepted by us) or any other items that otherwise are not payable on demand When we receive final payment in collected funds
Interest Earnings. All interest and other amounts earned on funds held by the Escrow Agent shall be property of the Company and shall be disbursed in accordance with Section 4.3.
Interest Earnings. The Disbursing Agent shall account for all interest earnings on the funds on deposit in the Account while such funds are in Disbursing Agent's possession . All interest earned on funds while on deposit in the Account shall be paid to the Disbursing Age nt to cover its administrative costs in connection with its obligations hereunder.
