Unearned Income Clause Samples

Unearned Income. With respect to Customer Receivables any interest component to be paid by the Customer in the future in connection with such Customer Receivable which is accounted for by the Borrower as unearned income under generally accepted accounting practices.

Unearned Income. The unearned storage and other income of Seller and each Affiliate of Seller set forth on Schedule 2.1(e) hereto.

Unearned Income. (Continued) For other specific types of unearned income, less than the gross amount is counted. For insurance settlements, the costs incurred in getting payment, such as legal and medical expenses, are subtracted. Legal fees may also be subtracted when associated with receiving a retroactive check from another benefit program. Any portion of a death benefit used to pay for last illness or burial expenses of the deceased is subtracted. Any portion of veteran's benefits paid to the recipient because of a dependent is subtracted from the gross benefit.

Unearned Income. All current liabilities of the Company, including accounts payable, insurance premiums, sales tax payable, payroll taxes, customer deposits and unapplied cash.

Unearned Income. (37) (.1) (76) (.2) (108) (.4) (85) (.3) (89) (.4) ------- ----- ------- ----- ------- ----- ------- ----- ------- ----- 8,569 27.6 7,089 23.0 6,222 21.6 4,939 19.5 3,983 15.7 ------- ----- ------- ----- ------- ----- ------- ----- ------- ----- Total loans and lease financing................. $31,067 100.0% $31,005 100.0% $28,782 100.0% $25,399 100.0% $25,368 100.0% ======= ===== ======= ===== ======= ===== ======= ===== ======= ===== ---------------------------------------------------------------------------------------------------------------- Total loans and lease financing increased approximately $60 million from Decem- ber 31, 1994, as the increase in international loans and leases more than off- set the decline in domestic loans and leases. The decline in domestic loans from December 31, 1994, reflected a $1.2 billion reduction from the sales of Vermont and Casco in the first quarter of 1995, of which approximately $500 million was related to commercial real estate loans, and the transfer of ap- proximately $1.3 billion of low-yielding residential mortgage loans into the held for sale account in the fourth quarter of 1995, substantially all of which were sold by December 31, 1995. The transfer and sale of these residential mortgage loans were undertaken in connection with a program to remove low-re- turn assets from the Corporation's balance sheet, which, in part, also accounts for the decline in the commercial and industrial and real estate portfolios. Excluding the sales of Vermont and Casco and the residential mortgage loans, domestic loans and leases grew approximately $1.1 billion, primarily due to higher levels of consumer-related loans, largely accomplished through the ac- quisition of Ganis and its origination activities throughout the year, and growth in the FAC loan portfolio by $250 million from December 31, 1994. International loans increased to $8.6 billion at December 31, 1995, from $7.1 billion at December 31, 1994. This growth has primarily occurred in Latin Amer- ica, particularly in the loan portfolios of Argentina and Brazil. Total loans in these two countries have grown approximately $1.1 billion since December 31, 1994. Other countries contributing to the increase in international loans from ▇▇▇▇▇▇▇▇ ▇▇, ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇ and Mexico, with increases of approxi- mately $210 million, $85 million and $60 million, respectively. A further dis- cussion of these operations is included in the "Emerging Markets Countries" section....

Unearned Income. The term "