Interest Bearing Account means an investment option to be made available to Participants in this Plan in which the Contributions attributed to this option are credited with interest at the Applicable Federal Rate.

Interest Bearing Account means a credit balance in an interest bearing bank or securities account; “IRC” means the independent review committee of an ETF established under NI 81-107;

Interest Bearing Account means the investment account established under the Plan for bookkeeping purposes in which a Participant may elect to have his or her Participant Deferrals credited. Participant Deferrals invested for bookkeeping purposes in the Interest Bearing Account shall be credited with earnings as of each Determination Date which shall be based on the effective annual yield of the average of Moody's Average Corporate Bond Yield Index for the previous calendar month increased by 50 basis points. In the event that Moody's Investor Services Inc. ceases to publish such Index (or any successor publisher thereto) the Board, in its sole and absolute discretion, shall select a substantially similar index to be used in crediting earnings under the Interest Bearing Account.

Examples of Interest Bearing Account in a sentence

The depositor of such funds shall complete and sign an IRS W9 form and an Interest Bearing Account Authorization as provided by the Company before such an account can be opened.
All income earned from the aforementioned Permitted Investments shall be property of Borrower and Borrower hereby irrevocably authorizes and directs Lender (or Servicer on behalf of Lender) to hold any income earned from the aforementioned Permitted Investments as part of the applicable Interest Bearing Account.
If a Participant has elected to have his or her Fees deferred into the Interest Bearing Account, the Corporation shall ascertain the value of such Interest Bearing Account by adding to the value of the Account at the beginning of such calendar quarter the dollar amount of the Fees deferred into the Account for such quarter, plus the value of any interest paid on the Account in accordance with this Article, less any distributions made from the Account in accordance with this Article.
In accordance with industry practice, the Company has established procedures to address and to correct errors in amounts redeemed from the Subaccounts and the Interest Bearing Account, except for de minimus amounts.
If the Owner has not paid sufficient premium to build up the Deferred Charges to the appropriate level in the first Policy Year, additional amounts will be transferred out of the Separate Account and/or Interest Bearing Account in subsequent years.

More Definitions of Interest Bearing Account

Interest Bearing Account means a separately identifiable account within the financial accounting system of the Council or the County Council (as appropriate) to which will be added interest equivalent to that which the Council or the County Council obtains on its interest

Interest Bearing Account means the account established by the Company for a Participant pursuant to Section 4, which shall bear interest as described in Section 4. The maintenance of individual Interest-Bearing Accounts is for bookkeeping purposes only.

Interest Bearing Account means an account held by Agent or the Servicer on its behalf where the funds on deposit therein are invested in Permitted Investments and all interest or income earned thereon shall be added to the principal balance of such account.

Interest Bearing Account means a credit balance in an interest bearing bank or securities account;

Interest Bearing Account means a subaccount under the Deferred Compensation Account to which Deferred Amounts may be credited in accordance with the Deferral Elections of a Participant and to which interest on those Deferred Amounts is credited in accordance with this Plan.

Interest Bearing Account means the sub-account under a Participant's Individual Account to which interest will be credited as of each Accounting Date.