Memorandum Account. The Participant's Award of Restricted Stock Units shall be recorded in a memorandum account. The Participant shall have no beneficial ownership interest in the Common Stock of the Corporation represented by the Restricted Stock Units awarded and no right to receive a certificate representing such shares of Common Stock. The Participant shall have no right to vote the Common Stock represented by the Restricted Stock Units awarded or to receive dividends.
Memorandum Account. The Participant’s Award of Restricted Stock Units shall be recorded in a memorandum account.
Memorandum Account. The Facility Agent will maintain a memorandum account showing the principal amount of the Advances for the time being outstanding hereunder and all payments with respect thereto made by the relevant Borrower from time to time pursuant to this agreement or any other Senior Finance Document. In case of any conflict between each Lender's accounts and the Facility Agent's memorandum account, the Facility Agent's memorandum account shall prevail, in the absence of demonstrated error. * *
Memorandum Account. Should the settlement formula described in Paragraph 3 above, produce an amount due the Ceding Company, the Reinsurer will pay such amount in cash or its equivalent within fifteen (15) days after the quarterly accounting report is received by the Reinsurer. The Reinsurer will establish a "Memorandum Account" in which such amounts paid to the Ceding Company and all future such payments will accrue with interest at the Memorandum Account Rate described in Paragraph 10 below. The balance of the Memorandum Account at the beginning of any Accounting Period will equal the absolute value of any negative Experience Refund determined in accordance with Article VII, Paragraph 2, for the preceding Accounting Period. These losses, and accrued interest thereon, will be carried forward to subsequent Accounting Periods and will be a deduction item in the calculation of future Experience Refunds in accordance with Article VII, Paragraph 2, item (ii)(e).
Memorandum Account. Should the settlement formula described in Article ------------------ VIII, Paragraph 3, produce an amount due the Ceding Company, the Reinsurer will pay such amount in cash or its equivalent within fifteen (15) days after the quarterly accounting report is received by the Reinsurer. The term "Memorandum Account," as used in this Agreement, refers to the absolute value of any negative Experience Refund, determined in accordance with Paragraph 2 above, for the preceding Accounting Period, accrued with interest at the Memorandum Account, described in Paragraph 4 below. These losses, and accrued interest thereon, will be carried forward to subsequent Accounting Periods and will be a deduction item in the calculation of future Experience Refunds, in accordance with item (ii) (f) of Paragraph 2 above.
Memorandum Account. Should the settlement formula under Paragraph 3 above, produce an amount due the Ceding Company, the Reinsurer will pay such amount in cash or its equivalent within fifteen (15) days after such report is received by the Reinsurer. The Reinsurer will establish a "Memorandum Account" in which such amounts paid to the Ceding Company and all future such payments will accrue with interest at the Memorandum Account Rate described in Paragraph 10 below. The balance of the Memorandum Account at the beginning of any Accounting Period will equal the absolute value of any negative Experience Refund determined in accordance with Article IX, Paragraph 2, for the preceding Accounting Period. These losses, and accrued interest thereon, will be carried forward to subsequent Account Periods and will be a deduction item in the calculation of future Experience Refunds in accordance with Article IX, Paragraph 2, item (ii)(f).
Memorandum Account. Each Sharing Bank shall open a memorandum account in respect of each currency for the purposes of Clause 28.1 (Sharing) and each Sharing Bank shall credit or, as the case may be, debit amounts to or form such memorandum account in respect of the receipt or, as the case may be, payment of amounts paid pursuant to Clause 28.1 (Sharing).
Memorandum Account. The Exchange Account is a memorandum account maintained by Qualified Intermediary for record keeping purposes only, and Qualified Intermediary is not required to segregate or escrow any portion of the Exchange Account.
Memorandum Account. Should the settlement formula described in Paragraph 3 above, produce an amount due MetLife, the Reinsurer will pay such amount in cash or its equivalent within fifteen (15) days after the quarterly accounting report is received by the Reinsurer. Solely for the purpose of calculating Trial Experience Refunds, the Terminal Settlement and any Supplementary Settlement as defined herein, each Reinsurer will establish a "Memorandum Account" in which such amounts paid to MetLife and all future such payments will accrue with interest at the Memorandum Account Rate described in Paragraph 10 below. The balance of the Memorandum Account at the beginning of any Accounting Period will equal absolute value of any negative Trial Experience Refund determined in accordance with Article VI, Paragraph 3, for the preceding Accounting Period. These losses, and accrued interest thereon, will be
Memorandum Account. Should the settlement formula described in Paragraph 3 ------------------ above produce an amount due the Ceding Company, the Reinsurer will pay such amount (provided, however, that such amounts shall reflect experience refund amounts only when the experience refund amount is positive) in cash or its equivalent within thirty (30) days after the quarterly accounting report is received by the Reinsurer. Solely for the purpose of calculating Trial Experience Refunds, as defined herein, the Reinsurer will establish a "Memorandum Account" in which such amounts paid to the Ceding Company and all future such payments will accrue with interest at the Memorandum Account Rate described in Paragraph 10 below. The balance of the Memorandum Account at the beginning of any Accounting Period will equal absolute value of any negative Trial Experience Refund determined in accordance with Article VII, Paragraph 4, for the preceding Accounting Period. These losses, and accrued interest thereon, will be carried forward to subsequent Accounting Periods and will be a deduction item in the calculation of future Trial Experience Refunds in accordance with Article VII, Paragraph 4.
