– DEBIT BALANCE AT CLOSURE – INTEREST Sample Clauses

– DEBIT BALANCE AT CLOSURE – INTEREST. If there is a debit balance at closure, this shall be bear interest as if said closure, at the legal rate increased by 5 points. Similarly , any transactions that the Bank has not been able to reverse shall bear interest at the same increased rate. Lastly , pursuant to Article 1343-2 of the French Civil Code, the parties agree that the interest on principal due for a full year shall itself bear interest.
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– DEBIT BALANCE AT CLOSURE – INTEREST. ARTICLE 2 - QUALIFIED INTERMEDIARY (“QI”) If there is a debit balance at closure, this shall be bear interest as if said closure, at the legal rate increased by 5 points. Similarly, any transactions that the Bank has not been able to reverse shall bear interest at the same increased rate. Lastly, by application of article 1343-2 of the French Civil Code, the parties agree that the interest on principal due for a full year shall itself bear interest.
Sample 1
– DEBIT BALANCE AT CLOSURE – INTEREST. III. Financial instruments account and services agreement This Agreement (the “Agreement”), in compliance with the regulations of the French Financial Markets Authority, is for the purpose of defining the terms and conditions under which the Bank provides the following services to the Client, in the capacity of investment service provider: - investment advice; - reception/transmission of instructions on behalf of third parties; - execution of instructions on behalf of third parties; - custody account keeping. The financial instruments account agreement is comprised of these terms and conditions together with the pricing applicable to the Execution and best selection policy and the summary of the Management of conflicts of interest policy given to the Client at the time of entering into this agreement. CHAPTER 1 – OPENING AND OPERATING THE ACCOUNT
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Related to – DEBIT BALANCE AT CLOSURE – INTEREST

  • Excess Contributions An excess contribution is any amount that is contributed to your IRA that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an excess is determined by the timeliness of the correction as identified below.

  • Account Balances Balances shown in your accounts may include deposits subject to verification by us. The balance reflected in the Service may differ from your records due to deposits in progress, checks outstanding, or other withdrawals, payments or charges. A transfer request may not result in immediate availability because of the time required to process the request. A transfer request must be made before the Business Day Cut-off time to be effective the same Business Day. The balances within the Service are updated periodically and the Service will display the most current "as of" date on the "accounts" summary page. There may be situations that cause a delay in an update of your balances. The Service will use the most current balance available at the time of a transaction to base our approval for account transfers.

  • Credit Balances No interest or other amount will be paid by the Custodian on any credit balance on an Allocated Account.

  • Credit Balance We will make a good faith effort to return to you any credit balance that has been on your Account longer than six consecutive Billing Cycles (or, at our discretion, for a shorter time period). You may also request a refund of a credit balance on your Account at any time. We may reduce the amount of any credit balance on your Account by applying the credit balance towards new fees and charges posted to your Account. We do not pay any interest on credit balances.

  • Initial Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

  • Average Contribution Amount For purposes of this Agreement, to ensure that all employees enrolled in health insurance through the City’s HSS are making premium contributions under the Percentage-Based Contribution Model, and therefore have a stake in controlling the long term growth in health insurance costs, it is agreed that, to the extent the City's health insurance premium contribution under the Percentage-Based Contribution Model is less than the “average contribution,” as established under Charter section A8.428(b), then, in addition to the City’s contribution, payments toward the balance of the health insurance premium under the Percentage-Based Contribution Model shall be deemed to apply to the annual “average contribution.” The parties intend that the City’s contribution toward employee health insurance premiums will not exceed the amount established under the Percentage-Based Contribution Model.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Contribution Amounts The Sellers and the Underwriters agree that it would not be just or equitable if contribution pursuant to this Section 8 were determined by pro rata allocation (even if the Underwriters were treated as one entity for such purpose) or by any other method of allocation that does not take account of the equitable considerations referred to in Section 8(h). The amount paid or payable by an indemnified party as a result of the losses, claims, damages and liabilities referred to in the immediately preceding paragraph shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 8, no Underwriter shall be required to contribute any amount in excess of the amount by which the total price at which the Shares underwritten by it and distributed to the public were offered to the public exceeds the amount of any damages that such Underwriter has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The remedies provided for in this Section 8 are not exclusive and shall not limit any rights or remedies which may otherwise be available to any indemnified party at law or in equity.

  • Contribution Formula - Basic Life Coverage For employee basic life coverage and accidental death and dismemberment coverage, the Employer contributes one-hundred (100) percent of the cost.

  • Initial Contribution The member agrees to make an initial contribution to the Company of $____________.

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