Computation Method Sample Clauses

Computation Method. All interest rates shall be calculated based on the actual number of days elapsed over a 360-day year (365/360 method).
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Computation Method. The above entitlements shall be computed on the basis of:
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Computation Method. The computation method used to determine the account balance for calculating the interest on your account will be disclosed at account opening or upon request.
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Computation Method. The daily balance method is used to calculate interest. This method applies a daily periodic rate to the principal in your account each day. Interest begins to accrue no later than the Business Day we receive credit for the deposit of non-cash items. Interest begins to accrue on the same Business Day cash deposits are received. Interest begins to accrue on the same Business Day wire transfers are received if the wire is received by 2:00 PM Pacific Time; otherwise, interest begins to accrue on the next Business Day. Time Deposits (Certificates of Deposit) Time deposits or certificates of deposit are referred to herein as “Certificates” or “Certificates of Deposit.” Interest: Basis: 365/365 (366/366 leap year) compounded daily. Interest begins to accrue no later than the Business Day we receive credit for the deposit of non-cash items. Interest begins to accrue on the same Business Day cash deposits are received. Interest begins to accrue on the same Business Day wire transfers are received if the wire is received by 2:00 PM, Pacific Time; otherwise, interest begins to accrue on the next Business Day. The daily balance method is used to calculate interest. This method applies a daily periodic rate to the principal in your account each day. Rate: The current offering rates are shown on the Rate Sheet, which is made available to you when you open a new deposit. You may also contact us for current rate and yield information. The rate is set according to the term and deposit amount at the time of opening and is fixed for the term. The rate will not change due to additions, if allowed, or withdrawals. Interest credited must be left in the account to earn the disclosed Annual Percentage Yield (APY). Any withdrawals of interest or principal will reduce earnings. The interest rate on deposits of more than $1,000,000 is negotiable and must be approved in advance.
Sample 1
Computation Method. The daily balance method is used to calculate interest. This method applies a daily periodic rate to the principal in your account each day. Interest begins to accrue no later than the Business Day we receive credit for the deposit of non-cash items. Interest begins to accrue on the same Business Day cash deposits are received. Interest begins to accrue on the same Business Day wire transfers are received if the wire is received by 2:00 PM Pacific Time; otherwise, interest begins to accrue on the next Business Day. Transaction Limitations on Savings and All Money Market Accounts Federal regulations limit withdrawals from Savings and Money Market Accounts made via preauthorized or automatic transfer, telephonic or online agreement, order or instruction, or check, draft or similar order to six (6) per month. Withdrawals in excess of six (6) will result in an Excess Transaction fee disclosed in the Consumer Fee Schedule for each transaction posted. If more than 3 months within a consecutive 12 month time period have excess withdrawal activity, the Account must be closed. Time Deposits (Certificates of Deposit) Time deposits or certificates of deposit are referred to herein as “Certificates” or “Certificates of Deposit.” Interest: Basis: 365/365 (366/366 leap year) compounded daily. Interest begins to accrue no later than the Business Day Washington Federal receives credit for the deposit of non-cash items. Interest begins to accrue on the same Business Day cash deposits are received. Interest begins to accrue on the same Business Day wire transfers are received if the wire is received by 2:00 PM, Pacific Time; otherwise, interest begins to accrue on the next Business Day. The daily balance method is used to calculate interest. This method applies a daily periodic rate to the principal in your account each day. Rate: The current offering rates are shown on our Rate Sheet, which is posted on our website at xxx.xxxxxxxxxxxxxxxxx.xxx and is made available to you when you open a new deposit. You may also call 000-000-0000 or visit a local Washington Federal branch for current rate and yield information. The rate is set according to the term and deposit amount at the time of opening and is fixed for the term. The rate will not change due to additions, if allowed, or withdrawals. Interest credited must be left in the account to earn the disclosed Annual Percentage Yield (APY). Any withdrawals of interest or principal will reduce earnings. The interest rate on deposi...
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Computation Method. All fees and rates of interest shall be computed on the basis of the actual number of days elapsed over a 365-day year.
Sample 1
Computation Method. 1. The Bank uses the Average Daily Balance method to calculate interest on the Account. This method applies a Periodic Rate to the Average Daily Balance in the interest payment period.
Sample 1
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Computation Method. We figure the Interest on your account by applying the periodic rate to the "Average Daily Balance" of your account (including current transactions). To get the "Average Daily Balance" we take the beginning balance of your account each day, add any new purchases, balance transfers, and advances, and subtract any payments or credits and unpaid interest. This gives us the daily balance. Then, we add up all the daily balances for the billing cycle and divide the total by the number of days in the billing cycle. This gives us the "Average Daily Balance".
Sample 1
Computation Method. Determine the number of students in all classes within the grade classification (i.e., K-2) and divide by the number of full-time regular education classroom teachers in that grade classification. Excluded from this computation are students and teachers of special programs which specify lower student/teacher ratios (i.e., self-contained Special Education classrooms). Also excluded from this computation method are special teachers of students who are also assigned to regular education classrooms (i.e., Resource Room, Music, Physical Education, Art, Technology). The parties will agree whether to exclude a new program from this computation.
Sample 1

Related to Computation Method

  • Balance Computation Method For all dividend-bearing Accounts, dividends are calculated by the average daily balance method which applies a daily periodic rate to the average daily balance for the average daily balance calculation period. The average daily balance is determined by adding the full amount of the principal in Your Account for each day of the period and dividing that figure by the number of days in the period. Accrual on Noncash Deposits. For dividend-bearing Accounts, dividends will begin to accrue on the business day that You deposit noncash items (e.g. checks) into Your Account.

  • Allocation Method The Plan Administrator will allocate a Plan-Designated QNEC using the following method (Choose one of a., b., c., or d.):

  • Daily Computation The Investment Manager shall determine on each business day whether the aggregate Term to date Fund Operating Expenses for any class of a Fund exceed the Operating Expense Limit, as such Operating Expense Limit has been pro-rated to the date of such determination (the “Pro-Rated Expense Cap”). If, on any business day, the aggregate Term to date Fund Operating Expenses for any class of a Fund do not equal the Pro-Rated Expense Cap for that class, the amount of such difference shall be netted against the previous day’s accrued amount for Excess Amounts or Recoupment Amounts (as defined below), and the difference shall be accrued for that day as an Excess Amount or Recoupment Amount as applicable.

  • Accounting Method For both financial and tax reporting purposes, the books and records of the Company shall be kept on the accrual method of accounting applied in a consistent manner and shall reflect all Company transactions and be appropriate and adequate for the Company’s business.

  • COMPUTATION OF BACK WAGES No claim for back wages shall exceed the amount of wages the employee would otherwise have earned at the employee's regular rate less:

  • Basis of Computation Interest accrued hereunder shall be computed for the actual number of days elapsed on the basis of a 360-day year.

  • Time Computation Saturday, Sunday and holidays recognized by this Agreement shall not be counted under the time procedures established in this Agreement.

  • Billing Method 1.5.1 To receive payment for services rendered under this contract, the Contractor shall submit a fully completed invoice for work previously performed to: Minneapolis Public Housing Authority Attention: Accounts Payable, Suite 307 0000 Xxxxxxxxxx Xxx X, Xxxxxxxxxxx, XX 00000 or: xxxxxxxx@xxxxxxx.xxx

  • Computations Unless otherwise expressly set forth herein, any accrued interest on any Loan, any Fees or any other Obligations due hereunder shall be computed on the basis of a year of 360 days and the actual number of days elapsed.

  • Interest Computation In computing interest on the Obligations, all checks, wire transfers and other items of payment received by Silicon (including proceeds of Receivables and payment of the Obligations in full) shall be deemed applied by Silicon on account of the Obligations three Business Days after receipt by Silicon of immediately available funds, and, for purposes of the foregoing, any such funds received after 12:00 Noon on any day shall be deemed received on the next Business Day. Silicon shall not, however, be required to credit Borrower's account for the amount of any item of payment which is unsatisfactory to Silicon in its sole discretion, and Silicon may charge Borrower's loan account for the amount of any item of payment which is returned to Silicon unpaid.

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