Accrual Account definition

Accrual Account means a bookkeeping account maintained for each Participant which will reflect the sum of each deferral plus interest payable at the Applicable Rate, compounded annually, on the original amount of deferral less Interim Distributions, if any.
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Accrual Account is defined in the Receivable Funding Documents.
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Accrual Account means any of the following accrual accounts maintained by any Originator, and any similar rebate accrual account maintained on the general ledger or other books and records of any Originator: US Food and Industrial Rebate Accrual Account H&H Buyback and Support Accrual Account H&H Distributor Rebate Accrual Account Cracker Barrel Cost Ceiling Accrual Account H&H Corporate Rebates Accrual Account H&H Cost Ceilings Accrual Account Butchers Volume Rebate Accrual Account Xxxxx Xxxxxxx Brand Business Development Fund Account School Bid Rebates Accrual Account, each of the rebate accrual accounts and the ship-through credit accrual accounts (by whatever name) maintained by JD-UK, and the rebate accrual account (by whatever name) maintained by JD-Italy, but excluding the Professional Rebate Accrual Reserve Account.
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Examples of Accrual Account in a sentence

  • If the Performance Fee Accrual Account is a negative dollar amount as of the end of the Calculation Period, the Performance Based Fee will be zero.

  • In the event of a complete withdrawal of Managed Account assets at a time when the Performance Fee Accrual Account contains a negative balance, the final Performance Based Fee will be zero.

  • The Company shall use the Participant's Crediting Option designations as the basis for calculating the Adjustment component of each Deferral and Accrual Account.

  • If the Performance Fee Accrual Account is less than 4.8 percent of such aggregate Managed Account assets but greater than zero as of the end of the Calculation Period, the Performance Based Fee will be equal to 2.5 percent of the Performance Fee Accrual Account.

  • Contract provisions will be interpreted in accordance with the legal framework valid in Palestine.

  • The Security Agent will have a perfected security interest in the Note Interest Accrual Account and all dividends, instruments, cash and Cash Equivalents and other property, as applicable, on deposit in such account on an exclusive basis for the benefit of the Trustee and the holders of the Notes.

  • For each Calculation Period, the Performance Based Fee will be equal to 10 percent of the Performance Fee Accrual Account at the end of the Calculation Period if the Performance Fee Accrual Account is equal to or greater than 4.8 percent of the aggregate Managed Account assets for which compensation is calculated under this Schedule I-C as of the end of the Calculation Period.

  • Each Participant’s Matching Contribution Accrual Account will be reduced by an amount equal to the matching contributions made on his behalf under the Qualified Plan on account of the transfer amount.

  • A Participant’s interest in his or her Salary Reduction Accrual Account and Matching Contribution Accrual Account is fully vested at all times.

  • As of each December 31 the Company shall credit the Excess Benefit Accrual Account of each Eligible Employee with an amount equal to the excess of the amount of company contributions which would have been allocated to such Eligible Employee's account under the Retirement Plan for the calendar year but for the limitations imposed by Sections 401 and 415 of the Code over the actual amount of company contributions allocated to his accounts under such plans for the calendar year.


More Definitions of Accrual Account

Accrual Account means any rebate accrual account and any ship-through credit accrual accounts maintained on the general ledger or other books and records of any Originator but excluding the Professional Rebate Accrual Reserve Account.
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Accrual Account means an account maintained with respect to each Limited Partnership Unit to which shall be credited (except as otherwise provided in the last sentence of this paragraph) on a monthly basis an amount, calculated like interest at a per annum rate equal to the Prime Rate (as said rate may change from time to time), plus one percentage point, on the average daily balance of such Limited Partnership Unit's Unpaid Distribution Account, and from which shall be debited the amount of any distributions of Available Cash or Capital Transaction Proceeds with respect to such Accrual Account pursuant to clause (i) of Section 5.1(a) or clause (i) of Section 5.1(b)
Sample 1
Accrual Account means the “Accrual Account” set forth on Schedule 4.01(q) to the Funding Agreement, established by the Borrower pursuant to Section 6.01(e) of the Funding Agreement and maintained by the Borrower at the Accrual Account Bank, which account shall be subject to an Accrual Account Agreement.
Sample 1
Accrual Account means any of the following accrual accounts maintained by any Originator, and any similar rebate accrual account maintained on the general ledger or other books and records of any Originator: Polymer Accrual Reserve Account US Food and Industrial Rebate Accrual Account H&H Buyback and Support Accrual Account H&H Distributor Rebate Accrual Account Cracker Barrel Cost Ceiling Accrual Account H&H Corporate Rebates Accrual Account H&H Cost Ceilings Accrual Account Butchers Volume Rebate Accrual Account Xxxxx Xxxxxxx Brand Business Development Fund Account School Bid Rebates Accrual Account, but excluding the Professional Rebate Accrual Reserve Account.
Sample 1
Accrual Account means account number 12330-52385 established by the Borrower pursuant to Section 6.01(e) of the Funding Agreement and maintained by the Borrower at the Accrual Account Bank, which account shall be subject to an Accrual Account Agreement.
Sample 1
Accrual Account means an account maintained with respect to each Class A Limited Partnership Unit to which shall be credited on a monthly basis an amount, calculated like interest at a per annum rate equal to the Prime Rate (as said rate may be adjusted from time to time), plus one percentage point, on the average daily balance of such Class A Limited Partnership Unit's Unpaid Distribution Account, and from which shall be debited the amount of any distributions pursuant to Section 5.1(i) and Section 13.2(a)(3) to the extent attributable to the Accrual Account. The amount to be credited to each Accrual Account shall be cumulative and shall compound annually if unpaid. Notwithstanding the foregoing, there shall be no further credits to the Accrual Account with respect to a Class A Limited Partnership Unit from and after the date that there has been a Step-Up Event (as defined in the following sentence) with respect to such Class A Limited Partnership Unit. As used herein, a Step-Up Event shall be deemed to have occurred with respect to any Class A Limited Partnership Unit when the basis of such Class A Limited Partnership Unit for federal income tax purposes is adjusted to "fair market value" by reason of a transfer for value, death, or otherwise.
Sample 1

Related to Accrual Account

  • Individual Account Means the account established and maintained under this Plan for each Participant in accordance with Section 4.01.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Voluntary Contribution Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan resulting from the Participant's nondeductible voluntary contributions made pursuant to Section 4.12.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Principal Accumulation Account Balance means, for any date of determination, the principal amount, if any, on deposit in the Principal Accumulation Account on such date of determination.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Sub-Account means any of the individual sub-accounts of a Participant's Separate Account that is maintained as provided in Article VIII.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • frozen account means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person;

  • Individual account program means the defined contribution individual account program of

  • Interest Account means the Account within the Debt Service Fund so designated and established by Article V hereof.

  • Annual Accounts means the accounts of the licensee prepared in accordance with the provisions of the Companies Act, 1956 and/or in such other manner as may be directed by the Commission in terms of the provisions of the Act;

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Upper-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Upper-Tier REMIC.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Share Account A form of Deposit Account that each member is required to maintain to remain a member of BECU. We, us, our: BECU. You, your: Each person or entity, individually, and collectively, who opens, establishes, accesses, is named as an Account Holder or Authorized Signer or who applies for any Account.

  • Matching Contribution means an Employer contribution made to this or any other defined contribution plan on behalf of a Participant on account of a Participant's Deferral Contribution.