Net Balance Payable definition

Net Balance Payable means the net amount (after adjustment for returned items) payable by a Member in a Bulk Clearing Settlement Run for all Articles covered by the Interest Adjustment Scheme to be cleared excluding interest compensation payable under this Interest Adjustment Scheme.
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Examples of Net Balance Payable in a sentence

  • Paying Members shall pay Receiving Members on the date of settlement of the relevant Bulk Clearing Settlement Run an interest compensation to be calculated on their respective Net Balance Payable at the Interest Adjustment Rate.

  • Paying Members shall pay Receiving Members or Receiving Members shall pay Paying Members on the date of the relevant Bulk Clearing Settlement Run an interest adjustment to be calculated on their respective Net Balance Payable at the Interest Adjustment Rate.

  • All unreserved rooms remaining in an Exhibitor’s sub-block will be released.

Related to Net Balance Payable

  • Account Balance means, with respect to a Participant, an entry on the records of the Employer equal to the sum of (i) the Deferral Account balance, (ii) the Company Contribution Account balance, and (iii) the Company Restoration Matching Account balance. The Account Balance shall be a bookkeeping entry only and shall be utilized solely as a device for the measurement and determination of the amounts to be paid to a Participant, or his or her designated Beneficiary, pursuant to this Plan.