Earnings Credit definition

Earnings Credit means for any given day during a calendar year the product of (a) the Federal Funds Rate for such date minus .25%, and (b) 82% of the Available Balance.

Earnings Credit has the meaning set forth in Section 3.1(b).

Earnings Credit means the gains and losses credited on the balance of an Account based on the choice made by the Participant (or Beneficiary after the death of the Participant) among the investment options made available under the Plan.

Examples of Earnings Credit in a sentence

• The Fund shall receive a credit for each calendar month against such compensation and fees of the Custodian as may be payable by the Fund in an amount equal to the aggregate of its Earnings Credit for such calendar month.

• The portion, if any, of any Calendar Month Earnings Credit not used by a Fund may be carried, but only forward; provided, however, that in no event may any Calendar Month Earnings Credit, including those earned during the fourth calendar quarter, be carried beyond the end of the calendar year in which earned.

• As long as no Default or Event of Default exists, any Earnings Credit not used during the month in which the benefit was received will be used to provide a cash benefit to Borrower.

• If an investment option has a loss, the Earnings Credit attributable to such investment option will serve to reduce the Account; similarly, if an investment option has a gain, the Earnings Credit attributable to such investment option will serve to increase the Account.

• In the event that Bank, in its sole discretion, provides an Earnings Credit Rate program to Customer, and the application of the Earnings Credit Rate program results in a positive number or Earnings Credit, the Earnings Credit may be used to offset fees accrued in Customer’s account during the billing period, up to the amount of the Earnings Credit.

More Definitions of Earnings Credit

Earnings Credit means the amount credited to a Participant’s Account under Section 6(B).

Earnings Credit means, with respect to an Account, the amount credited to the Account pursuant to Section 5.05.

Earnings Credit means the gains credited on the balance of an Account in accordance with Section 4.3.

Earnings Credit means the gains credited on the balance of an Account pursuant to Section 4.3.

Earnings Credit means, with respect to a Plan Year Balance, the amount credited to the Plan Year Balance pursuant to Section 5.05.

Earnings Credit means the credits which may be used to pay banking related costs.

Earnings Credit. A balance credit equal to 75% of the federal funds rate in effect on the last business day of each month will be applied to the average demand deposit account balances on a volume based basis against each Fund's custodian fees, excluding out of pocket expenses. The balances will be cumulative and carried forward each month through December 31. Harbor Fund State Street Bank & Trust Company By: Consxxxxx X. Xxxxxxx By: Timoxxx Xxxard -------------------- ------------------ Title: Treasurer Title: Vice President ------------------ ----------------- Date: 8/1/95 Date: 7/28/95 ------------------ ----------------- STATE STREET BANK AND TRUST COMPANY GLOBAL CUSTODY FEE SCHEDULE HARBOR INTERNATIONAL HARBOR INTERNATIONAL II HARBOR INTERNATIONAL GROWTH I. PORTFOLIO AND FUND ACCOUNTING ----------------------------- Includes: Maintaining multicurrency investment ledgers, and providing position and income reports. Maintaining general ledger and capital stock accounts in compliance with GAAP (FAS 52). Preparing daily trial balances. Calculating net asset values daily. Providing selected general ledger reports. Securities yield or market value quotations will be provided to State Street by the fund or via State Street's pricing service (See Section III). (The fee is calculated using basis points per portfolio per annum: 1 basis point=0.01%).