Daily Earnings definition
Daily Earnings means with respect to an Account for any day during a calendar month a positive dollar amount equal to the product of (A) the positive Account Available Balance, if any, of such Account for such day, multiplied by (B) the Daily Earnings Rate for such day. The Daily Earnings with respect to an Account for any day during a calendar month on which the Account Available Balance of such Account is negative shall be zero.
Examples of Daily Earnings in a sentence
Minimum Daily Earnings $ 76.46 (See Section 0 of this Article.) Daily and mileage rates are determined by adding 56 cents to through freight daily and mileage (per 100) rates.
If the Effective Date occurs mid-month, then the Earnings Adjustment for the period following the most recently reported month-end until the Effective Date (the “Interim Earnings Period”) shall be calculated by multiplying (i) the number of days in the Interim Earnings Period, by (ii) the Average Daily Earnings.
Article 1, Section M contains the Daily Earnings Minimum for Passenger Service.