Earned Interest definition

Earned Interest means the interest and other income actually received or credited on the investment of the Escrowed Funds between the date hereof and the earlier to occur of the Acquisition Closing Date and the Termination Date.

Earned Interest means any interest generated from State funds provided to the Grantee and held in an interest-bearing account.

Earned Interest means the interest or other income earned or deemed to be earned, if any, on the investment of the applicable portion of the Escrowed Funds (or the reinvestment of such interest or other income) from the date hereof to, but not including, the earlier to occur of: (i) the Release Date, and (ii) the Termination Date;

Examples of Earned Interest in a sentence

• The Corporation further acknowledges and confirms that it has and will have no interest in the Escrowed Funds or in the Earned Interest credited or received thereon until the Acquisition Closing Time or, in respect of any portion thereof payable to the Corporation pursuant to Section 3.3(a)(v) hereof, until the occurrence of a Termination Event.

• Subject to the terms herein, the Earned Interest received by the Subscription Receipt Agent will belong to the Corporation.

• The Corporation further acknowledges and confirms that it has no interest in the Escrowed Funds or in the Earned Interest unless and until the Escrow Release Notice is delivered to the Subscription Receipt Agent.

• Upon delivery of an Escrow Release Notice, the Escrowed Proceeds (together with any Earned Interest), less any amounts required to satisfy the payment of Dividend Equivalent Payments, the Excess Subscription Payment (if applicable) and the remainder of the Underwriters’ Fee, may be released to or at the direction of the Corporation in accordance with the terms of the Subscription Receipt Agreement not more than five business days prior to the anticipated closing of the Proposed Acquisition.

• The Subscription Receipt Agent shall pay interest on the Escrowed Funds at an annual rate which is equal to the Earned Interest.

More Definitions of Earned Interest

Earned Interest means and includes all annual increments to

Earned Interest means any interest generated from grant funds provided to the Grantee and held in an interest-bearing account. The Grantee shall reinvest all earned interest on Community Air Grant funds into the project for which the grant was awarded.

Earned Interest means and includes all annual increments to the ((firemen's)) firefighters' pension fund from income earned by investment of the fund. The earned interest payable to any ((fireman)) firefighter when he or she leaves the service and accepts his or her contributions, shall be that portion of the total earned income of the fund which is directly attributable to each individual ((fireman's)) firefighter's contributions. Earnings of the fund for the preceding year attributable to individual contributions shall be allocated to individual ((firemen's)) firefighters' accounts as of January 1st of each year.

Earned Interest means any interest earnings generated from grant funds held by the Grantee in interest-bearing accounts.

Earned Interest means the interest credited in accordance with Section 5.2 of this Agreement on the deposit of the Subscription Proceeds with an Approved Bank between the Subscription Receipt Closing Date and the earlier of: (i) the Escrow Release Date; and (ii) the Termination Date;

Earned Interest means an undivided 100% right, title, ownership and beneficial interest in and to the Property;

Earned Interest means and includes all annual increments to the firefighters’ pension fund from income earned by investment of the fund. The earned interest payable to any firefighter when he or she leaves the service and accepts his or her contributions, shall be that portion of the total earned income of the fund which is directly attributable to each individual firefighter’s contributions.