Accrual Fraction definition

Accrual Fraction or "AF" means, in respect of the relevant RR and each coupon payment date and the relevant period corresponding to such coupon payment date, an amount equal to (i) the number of [business days] during such period on which the Accrual Condition is satisfied divided by (ii) the total number of [business days] in such period;
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Accrual Fraction or "AF" means, in respect of each Interest Payment Date and the Accrual Period ending on (but excluding) the Scheduled Interest Payment Date on which such Interest Payment Date is scheduled to fall, the quotient of (i) the number of calendar days on which the Accrual Condition is satisfied in such Accrual Period, divided by (ii) the total number of calendar days in such Accrual Period.
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Accrual Fraction means, in respect of each Interest Payment Date and the Accrual Period ending on (but excluding) such Interest Payment Date, the quotient of
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Examples of Accrual Fraction in a sentence

  • A Pensioner’s Normal Pension shall be payable in a monthly amount equal to his Benefit Accrual Fraction multiplied by the amount set forth in Appendix I (Appendix I-A if he terminated from Covered Employment before April 1, 1987) for the applicable benefit schedule in the row corresponding to his age at retirement.

  • The monthly amount of the Vested Pension shall be equal to the Participant’s Benefit Accrual Fraction multiplied by the amount set forth in Appendix I (Appendix I-A if he terminated from Covered Employment before April 1, 1987) for the applicable Schedule in the row corresponding to his age at the commencement of benefits.

  • An amount determined by multiplying the Participant’s “Benefit Percentage” times the Participant’s Final Average Earnings times the Participant’s Accrual Fraction and reduced by the following: (1) the Participant’s Assumed Pension Plan Retirement Benefit, (2) the Participant’s Assumed Social Security Benefit, (3) the Participant’s Assumed Profit Sharing Retirement Benefit, and (4) the Participant’s Assumed Automatic Retirement Contribution Retirement Benefit.

  • For calculating the Normal Retirement Benefit (NRB), Accrued Benefit (AB), and the Accrual Fraction (AF) (if applicable), Years of Credited Service shall be based on: NRB AB AF [x] [ ] [ ] i.

  • INTEREST AMOUNT Scenario 1 The Accrual Fraction in respect of the Accrual Period ending on, and including, any Accrual Period End Date is 1.00.The Interest Amount payable on the Interest Payment Date immediately following such Accrual Period End Date is USD 15.375 (being an amount in the Settlement Currency equal to the product of (i) the Nominal Amount, multiplied by (ii) the Interest Rate, and further multiplied by (iii) the Accrual Fraction for the relevant Accrual Period).


More Definitions of Accrual Fraction

Accrual Fraction means, in respect of each Interest Payment Date and the Accrual Period ending on (but excluding) the date that is two Business Days prior to such Interest Payment Date, the quotient of (i) the number of Currency Business Days on which the Accrual Condition is satisfied in such Accrual Period, divided by (ii) the total number of Currency Business Days in such Accrual Period.
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Accrual Fraction means a fraction (not exceeding 1), the numerator of which is the Participant's years of service for benefit accrual purposes as of any Date of Determination, as determined under the terms of the Pension Plan, and the denominator of which is 15.
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Accrual Fraction means, in respect of each Accrual Period:
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Accrual Fraction means, in respect of each Accrual Period, the quotient of (i) the number of calendar days during such Accrual Period on which the Accrual Condition is satisfied, divided by (ii) the N(t) for such Accrual Period (each such calendar day being an "Accrual Day").
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Accrual Fraction means, in respect of each Accrual Period, the quotient of (i) the number of calendar days on which the Accrual Condition is satisfied in such Accrual Period, divided by (ii) the total number of calendar days in such Accrual Period.
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Accrual Fraction or "AF" means, in respect of each Interest Payment Date and the Accrual Period ending on
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Accrual Fraction means, in respect of each Interest Period:
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