Annualized Sample Clauses
The 'Annualized' clause defines how certain values, such as payments, fees, or performance metrics, are calculated or expressed on a yearly basis, regardless of the actual period covered. In practice, this means that amounts or results for shorter or longer periods are adjusted proportionally to reflect what they would be over a full year; for example, a monthly fee might be multiplied by twelve to determine its annualized value. This clause ensures consistency and comparability by standardizing figures to a common annual timeframe, which helps parties accurately assess obligations or performance across different time periods.
Annualized. INTEREST OF DIRECTORS, EXECUTIVE OFFICERS AND CERTAIN RELATED PERSONS. Information, as of particular dates, concerning the Fund's directors and executive officers, their remuneration, any material interest of such persons in transactions with the Fund and other matters is required to be disclosed in proxy statements distributed to the Fund's shareholders in proxy statements distributed to the Fund's shareholders and filed with the Securities and Exchange Commission (the "SEC"). Neither the Fund nor, to the best of the Fund's knowledge, any of the Fund's directors or executive officers, has effected any transaction in Shares during the 60 days before the date hereof. Except as set forth in this Offer, neither the Fund, nor, to the best of the Fund's knowledge, any of the Fund's directors or executive officers, is a party to any contract, arrangement, understanding or relationship with any other person relating, directly or indirectly to the Offer with respect to any securities of the Fund, including, but not limited to, any contract, arrangement, understanding or relationship concerning the transfer or the voting of any such securities, joint ventures, loan or option arrangements, puts or calls, guaranties of loans, guaranties against loss or the giving or withholding of proxies, consents or authorizations. Based upon information provided or available to the Fund, no director or officer of the Fund intends to tender Shares pursuant to the Offer. The Offer does not, however, restrict the purchase of shares pursuant to the Offer from any such person.
Annualized. The increase in portfolio yield for the fiscal year ended June 30, 1996 and for the nine months ended March 31, 1997 reflects changes in the overall pricing distribution of the Bank Portfolio. The decline in portfolio yield for fiscal year 1995 is primarily the result of the Bank's focus on the direct solicitation of low-rate, no annual fee credit cards which on average had a lower introductory rate and which had the effect of lowering finance charge income and annual fee income. The accounts in the Bank Portfolio that are not included in the Trust Portfolio are primarily newly originated accounts with a greater proportion of Receivables arising under accounts generated under this type of solicitation than the average accounts in the Trust Portfolio, which are more seasoned. Therefore, the actual portfolio yield with respect to the Receivables in the Trust Portfolio may be different from that set forth above. THE RECEIVABLES The Receivables in the Accounts selected from the Bank Portfolio included and to be included in the Trust on the basis of criteria set forth in the Pooling and Servicing Agreement (the "Trust Portfolio") (including the additional Accounts added to the Trust on May 8, 1997 and certain additional Accounts designated to be added to the Trust on the Closing Date), as of the close of business on April 30, 1997, consisted of $21,588,400,896 of principal Receivables and $609,405,512 of finance charge Receivables. On March 25, 1997 and April 23, 1997 (the "Relevant Cut Off Dates"), the Transferor designated additional Accounts, which included approximately $1,277,397,526 of principal Receivables as of the close of business on April 30, 1997, and will transfer the Receivables arising therein to the Trust on the Closing Date. In addition, on the Closing Date, the Transferor will deposit $1,200,000 into the finance charge account, which will be applied as collections of finance charge Receivables received during the initial monthly period and allocated to Series 1997-4. The additional Accounts to be added to the Trust on the Closing Date were, as of the Relevant Cut Off Dates, Eligible Accounts. The Accounts, including such additional Accounts, had an average principal Receivable balance of $2,078 (including accounts with a zero balance) and an average credit limit of $8,557. The percentage of the aggregate total Receivable balance to the aggregate total credit limit was 25.0%. As of April 30, 1997, cardholders whose Accounts are included in the ...
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Annualized. All salaries will be annualized.
Annualized. Calculated by subtracting the Fund’s total liabilities (not including borrowings) from the Fund’s total assets and dividing by the total number of senior indebtedness units, where one unit equals $1,000 of senior indebtedness.
Annualized. Recurring Revenue:Borrower shall cause Parent to maintain Annualized Recurring Revenue of not less than the following amounts as of the following dates: [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. *For periods after December 31, 2019, the above covenants shall be determined as follows: On or before January 31, 2020, and January 31 in each succeeding year, Parent shall submit to Lender projections for the period the following year, on a quarterly basis, as approved by Parent’s Board of Directors, which shall include projections of Annualized Recurring Revenue for such periods, and Lender and Parent shall attempt to agree in writing on the amount of the minimum Annualized Recurring Revenue which Parent shall be required to maintain for such periods. If for any reason Parent and Lender are not able to agree in writing on the same, prior to February 14, 2020, or February 14 of any subsequent year, then the minimum Annualized Recurring Revenue for the quarters in the following year shall be determined by Lender, based on said projections, in Lender’s Good Faith Business Judgment. As used herein, [***].
Annualized. Ninety-Nine Thousand Five Hundred Forty-One and 92/100 Dollars ($99,541.92)
Annualized. All salaries of Administrative Assistants and Aides will be annualized. Those employees have the following payment options:
1. A ten-month (10) basis with payments bi-weekly.
2. A twelve-month (12) basis (with the additional option to receive a lump sum summer salary) with payments bi-weekly. Requests for lump sum summer salaries must be requested by May 1 of the year in which the lump sum will be received. Requests for the ten (10) or twelve (12) month options must be made by May 1 of the school year prior to the one in which the payments will be received. All requests will be in writing. The Business Office will solicit all requests by May 1 of each year.
Annualized. SEE NOTES TO FINANCIAL STATEMENTS ORBITEX LIFE SCIENCES & BIOTECHNOLOGY FUND, INC. NOTES TO FINANCIAL STATEMENTS APRIL 30, 2002 (UNAUDITED)
Annualized. The information above represents the audited operating performance data for a common share outstanding, total investment return, ratios to average net assets of common shareowners and other supplemental data for the periods indicated. This information has been determined based upon financial information provided in the financial statements and market value data for the Trust's common shares. The accompanying notes are an integral part of these financial statements. 33 Pioneer Municipal and Equity Income Trust -------------------------------------------------------------------------------- NOTES TO FINANCIAL STATEMENTS 11/30/07 --------------------------------------------------------------------------------
1. Organization and Significant Accounting Policies Pioneer Municipal and Equity Income Trust (the Trust) is organized as a Delaware statutory trust and registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Trust changed its name from Pioneer Tax Advantaged Balanced Trust effective November 7, 2007. The Trust's investment objective is to provide a high level of total after-tax return, including attractive tax-advantaged income. The Trust's financial statements have been prepared in conformity with U.S. generally accepted accounting principles that require the management of the Trust to, among other things, make estimates and assumptions that affect the reported amounts of assets and liabilities, and the reported amounts of income, expenses and gains and losses on investments during the reporting year. Actual results could differ from those estimates. The Trust may invest in municipal securities with a broad range of maturities and credit ratings, including both investment grade and below investment grade municipal securities. By concentrating in municipal securities, the portfolio is more susceptible to adverse economic, political or regulatory developments than is a portfolio that invests more broadly. Investments in the Trust are subject to possible loss due to the financial failure of underlying securities and their inability to meet their debt obligations. The Trust may also invest in common stocks and preferred securities that pay tax-qualified dividends. In addition, the Trust may invest in other securities, including debt instruments, real estate investment trusts ("REITs") and equity securities, that generate income taxable at ordinary income rates, rather than long-term capital gain r...