Interest on Cash Balances Sample Clauses

Interest on Cash Balances. All balances in the Cash and Margin account types will be net together. If the netting results in a settled debit, debit interest will be charged. If the netting results in a settled credit, credit interest will be paid. Interest will be paid on those net credit balances that accrue $1.00 or greater of interest during the month. Please refer to Section 40 “Securities Industry Protection Corporation (SIPC) and Excess SIPC Coverage” for a discussion of your account protection. Please consult your Financial Professional for additional information.
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Interest on Cash Balances. For your account to be credited with interest, you must sign the New Account Application that specifies that funds left with HTS are pending investment. Interest will be paid on those balances that accrue $1.00 or greater of interest during the month. Please refer to Section 40 “Securities Industry Protection Corporation (SIPC) and Excess SIPC Coverage” for a discussion of your account protection.
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Interest on Cash Balances. Interest is to be credited/charged on the Parties' daily cash balances with the Operator (positive and negative). This interest credit/charge is to be calculated on the Operator's internal accounts showing daily cash balances per currency called and/or arising from the use of separate bank accounts for the Joint Operations. The Operator's contribution shall be credited on the due day of payment for the cash call. Interest and other conditions shall in principle correspond to the conditions that a company with a similar cash flow would obtain in a first-class bank, but not less than those corresponding to the interest obtained by the Operator. The following two alternatives shall be considered as equal: ALTERNATIVE 1: The rate of interest shall be determined on a three month basis and be linked to a relevant Interbank Rate: Group 1: NOK – NIBOR (3 months) + 1,0 % / - 1,0 % Group 2: EUR – EUROLOBOR (3 months) + 0,5%/- 0,5% Group 3: Others (e.g. USD, GBP) -LIBOR (3 months) + 0,5 % / - 0,5 % NIBOR is defined as: A one month average of this month for three months' "Norwegian Interbank Offered Rate" as quoted by Reuters page NIBP at 12:00 noon. For the day or days when such rates are not available, three months' NIBOR from Den norske Bank, Oslo, quoted the day before the relevant day of quotation, shall be used. If the above-mentioned NIBOR quotations are based on 365/360 days, the rate shall be multiplied with the fraction 365/360 to reflect the Norwegian principle of calculating the interest rate in 360/360 or 365/365 days. In calculating the monthly average, quotations given with four decimals shall be used. LIBOR/EUROLIBOR is defined as: A one month average of this month for three months' "Euro Currency Interest Rate" as quoted by Reuters page LIBOR 01 at 11:00 A.M. London time. For the day or days when such rates are not available, three months' LIBOR for the currency in question from Chase Manhattan Bank, London, quoted the day before the relevant day of quotation, shall be used. In calculating the monthly average, quotations given with four decimals shall be used. The above-mentioned interest rate shall be amended if there is a discrepancy between the base of the interest rate and the calculation principles regarding the days of interest. ALTERNATIVE 2: If the Operator has established separate bank accounts for licence cash balances (covering one or more licences), the interest earned/paid by the Operator shall be allocated to the Parties based on the Ope...
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Interest on Cash Balances. For your account to be credited with interest, you must sign the New Account Application that specifies that funds left with SWST are pending investment. Interest will be paid on those balances that accrue $1.00 or greater of interest during the month. See the section “SIPC Coverage and Excess SIPC Coverage” for a discussion of your account protection.
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Interest on Cash Balances. Interest is to be credited/charged on the Technical Services Provider daily cash balances with the Operator (positive or negative). This interest credit/charge is to be calculated on the Technical Services Provider’s internal accounts showing daily cash balances per currency called and/or arising from the use of separate bank accounts. Interest and other conditions shall in principle correspond to the conditions that a company with a similar cash flow would obtain in a first-class bank, but not less than those corresponding to the interest obtained by the Technical Services Provider. The following two alternatives shall be considered as equal: ALTERNATIVE 1: The rate of interest shall be determined on a monthly basis and be linked to a relevant Interbank Rate: Group 1: NOK : Negative cash balance NIBOR (3 month) + 1% Positive cash balance NIBOR (3 month) - 1% Group 2: Others (for example USD, GBP) Negative cash balance LIBOR (3 month) + 0.5% Positive cash balance LIBOR (3 month) - 0.5%. Group 3: Euro Negative cash balance EUROLIBOR (3 month) + 0.5% Positive cash balance EUROLIBOR (3 month) - 0.5% NIBOR is defined as: A representative monthly average for 3 months' "Norwegian Interbank Offered Rate" as quoted by Reuters page NIBP at 12:00 noon. For the day or days when such rates are not available three months' NffiOR from Den norske Bank, Oslo, quoted the day before the relevant day of quotation, shall be used. If the above-mentioned NffiOR quotations are based on 365/360 days, the rate shall be multiplied by the fraction 365/360 to reflect the Norwegian principle of calculating the interest rate in 360/360 or 365/365 days. In calculating the monthly average, quotations given with four decimals shall be used. LIBOR/EUROLIBOR is defined as: A one month average of this month for three months’ “Euro Currency Interest Rate” as quoted by Reuters page LIBOR 01 at 11:00 A.M. London time. For the day or days when such rates are not available, three months’ LIBOR for the currency in question from Chase Manhattan Bank, London, quoted the day before the relevant day of quotation, shall be used. In calculating the monthly average, quotations given with four decimals shall be used. The above-mentioned rate of interest shall be amended if there is a discrepancy between the base of the interest rate and the calculation principles regarding the days of interest. ALTERNATIVE 2: If the Technical Services Provider has established separate bank accounts for the services, the i...
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Interest on Cash Balances. Interest on cash balances in the Deferral Account shall be calculated and credited, from and after December 1, 2005, as though such balances were invested in the Money Market Fund that is available in the same period for notional investments of cash in the Jxxxxxxxx Group, Inc. Deferred Compensation Plan.
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Interest on Cash Balances. FSC will pay interest on cash balances carried in your Account that are pending investment or reinvestment when the monthly accrual is $2.00 or greater. For your Account to be credited with interest, you must sign the Account Application form, specifying that funds left in your Account are pending investment. The annual rate of interest paid on a credit balance is generally determined by the cost of borrowing money. The rate is related to short-term money market instruments; however, it is not tied directly to any standard such as the prime or the broker call money rate. The rate is set solely at FSC’s discretion.
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Interest on Cash Balances. The following conditions shall apply to interest earnings with respect to cash balances in a Participant's Custodial Account:
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Interest on Cash Balances. I understand that Public Investing earns interest on uninvested cash balances held in my Investing Account and that I will not receive any portion of this interest.
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Related to Interest on Cash Balances

  • Interest on Unpaid Balances Interest on any unpaid amount (including amounts placed in escrow) shall be calculated in accordance with the method specified for interest on refunds in the Commission’s regulations at 18 C.F.R. § 35.19a (a)(2)(iii). Interest on unpaid amounts shall be calculated from the due date of the xxxx to the date of payment. Invoices shall be considered as having been paid on the date of receipt of payment.

  • Interest on Payments Any payment by the Receiver pursuant to Section 2.6(d) shall be made together with interest on the amount thereof that accrues with effect from five (5) Business Days after the date on which payment was agreed or determined to be due until such amount is paid. The annual interest rate shall be determined by the Receiver based on the coupon equivalent of the three (3)-month U.S. Treasury Xxxx Rate in effect as of the first Business Day of each Calendar Quarter during which such interest accrues as reported in the Federal Reserve Board Statistical Release for Selected Interest Rates H.15 opposite the caption “Treasury bills (secondary market), 3-Month” or, if not so reported for such day, for the next preceding Business Day for which such rate was so reported.

  • Interest on Late Payments a. State Agencies The payment of interest on certain payments due and owed by Agency may be made in accordance with Article 11-A of the State Finance Law (SFL §179-d et. Seq.) and Title 2 of the New York Code of Rules and Regulations, Part 18 (Implementation of Prompt Payment Legislation -2 NYCRR §18.1 et seq.).

  • Interest on Arrears Any interest instalment unpaid on maturity shall yield interest, of right and without formal notice, at the same rate as applicable to the portion of the loan whose interest is unpaid on maturity, such interest being payable to the Lender on request.

  • Interest on late payment Subject to clause 9.7, the Trader or the Distributor (as the case may be) must pay any Tax Invoice issued under this clause 9. If any part of a Tax Invoice that is properly due in accordance with this Agreement is not paid by the due date, Default Interest may be charged on the outstanding amount for the period that the Tax Invoice remains unpaid.

  • Interest on Delinquent Payments Without waiving any other right or action available to Authority, in the event of default of Company's payment of Rents or other charges hereunder, and in the event Company is delinquent in paying to Authority any Rents or other charges for a period of five (5) days after the payment is due, Authority reserves the right to charge Company interest thereon from the date the Rents or other charges became due to the date of payment at one and one-half percent (1.5%) per month, to the maximum extent permitted by Applicable Law.

  • Interest on Overdue Payments (a) If, for any reason, a Party does not pay an amount payable under or in connection with this Agreement on or before the due date for payment, it must pay interest to the other Party (who is entitled to receive the payment).

  • Interest on Loans (a) Except as otherwise set forth herein, each Class of Loan shall bear interest on the unpaid principal amount thereof from the date made through repayment (whether by acceleration or otherwise) thereof as follows:

  • Interest on Capital Contributions No Member shall be entitled to any interest on its capital contribution.

  • No Interest on Contributions No Partner shall be entitled to interest on its Capital Contribution.

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