Notional Accounts definition

Notional Accounts means the book entry account, which shall include Notional Credits, and any interest equivalents, dividend equivalents or other earnings credited to such book entry account, established by the Company for each Eligible Executive.

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Notional Accounts means the accounts produced from time to time by the Lessor on a basis consistent with the Initial Notional Accounts and in accordance with Accounting Practice and the Assumptions (as the same may be varied from time to time) and the Principles for the purpose of determining the quantum and timing of payments of tax to be taken into account in calculating the amount of the Rent or Termination Rent; "Original Cashflow Report" means the Cashflow Report produced pursuant to paragraph 4.1 and which has become effective pursuant to paragraph 4.12; "PLA Costs" means the rate from which the cost from time to time of the "prime liquid assets" of the Bank is calculated in accordance with Annex A to this Financial Schedule; "Rent" means each Rent payable or paid by PPC pursuant to Clause 7 and paragraph 2.1 and, save where the context otherwise requires, as adjusted from time to time pursuant to the Financial Schedule and each other sum paid or payable by PPC expressed to be Rent in this Financial Schedule; "Principles" means the principles described in paragraph 3.2; "Profit and Loss Account" means the profit and loss account comprised in the Notional Accounts; "Quarter Date" means each 14 January, 14 April, 14 July and 14 October falling after the Commencement Date; "Relevant Risk Asset Weighting" means the Bank Risk Asset Weighting or, as the case may be, the Strip Risk Asset Weighting (as appropriate); "Relevant Return Rate" means the Bank Risk Return Rate or, as the case may be, the Strip Risk Return Rate (as appropriate);

Notional Accounts means the record-keeping method used for Flexible Spending Accounts and Health Reimbursement Accounts. Notional Accounts are not pre-funded with the annual election or County contribution, instead an Advance Payment Account is set up and funded by County to pay claims and is replenished as the account is drawn down.

Examples of Notional Accounts in a sentence

• It is acknowledged that the Participants’ Notional Accounts may be adjusted from time to time pursuant to this Section 19.3(b).

• Each party shall be liable for that portion of total Decommissioning Costs equal to the balance in its Notional Account from time to time plus its pro rata share, based upon the parties’ respective Participating Interests, of any actual Decommissioning Costs exceeding the aggregate estimated Decommissioning Costs as reflected by the aggregate of the Notional Accounts.

• The liability of the Participants for any financial guarantee required in connection therewith shall be borne pro rata to their respective Notional Accounts.

• Each Participant shall be liable for that portion of total Decommissioning Costs equal to the balance in its Notional Account from time to time plus its pro rata share, based upon the Participants’ respective Participating Interests, of any actual Decommissioning Costs exceeding the aggregate estimated Decommissioning Costs as reflected by the aggregate of the Notional Accounts.

• If a party with the approval of the Management Committee assumes any of the Decommissioning Cost liability of another party, the Notional Accounts of both such parties shall be adjusted accordingly.

• It is acknowledged that the Participants’ Notional Accounts may be adjusted from time to time pursuant to this Section 21.3(b).

• If a Participant assumes any of the Decommissioning Cost Liability of another Participant, the Notional Accounts of both such Participants shall be adjusted accordingly.

• The Liability of the Participants for any financial guarantee required in connection therewith shall be borne pro rata to their respective Notional Accounts.

• From and after the Signing Date until the applicable Plan Year End (the “Notional Account Transition Period”), except as otherwise required by Applicable Law, Seller shall administer the Notional Accounts in the ordinary course of business consistent with past practice.

• In connection with the termination of the Contracts in respect of the Notional Accounts, Seller will ensure that any grace period and run-out activities for the Notional Accounts are completed by Seller’s existing service providers after the termination of the Notional Accounts.

More Definitions of Notional Accounts

Notional Accounts shall have the meaning set forth in the Recitals.

Notional Accounts are Accounts that are balance sheet entries, not actual bank accounts, of contributed funds. For purposes of this Appendix with Client, Notional Accounts include FSAs.

Notional Accounts. Benefitfocus agrees to provide Notional Account administration services described: