Accrual Account definition

Accrual Account means a bookkeeping account maintained for each Participant which will reflect the sum of each deferral plus interest payable at the Applicable Rate, compounded annually, on the original amount of deferral less Interim Distributions, if any.

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Accrual Account means any of the following accrual accounts maintained by any Originator, and any similar rebate accrual account maintained on the general ledger or other books and records of any Originator: US Food and Industrial Rebate Accrual Account H&H Buyback and Support Accrual Account H&H Distributor Rebate Accrual Account Cracker Barrel Cost Ceiling Accrual Account H&H Corporate Rebates Accrual Account H&H Cost Ceilings Accrual Account Butchers Volume Rebate Accrual Account ▇▇▇▇▇ ▇▇▇▇▇▇▇ Brand Business Development Fund Account School Bid Rebates Accrual Account, each of the rebate accrual accounts and the ship-through credit accrual accounts (by whatever name) maintained by JD-UK, and the rebate accrual account (by whatever name) maintained by JD-Italy, but excluding the Professional Rebate Accrual Reserve Account.

Accrual Account is defined in the Receivable Funding Documents.

Examples of Accrual Account in a sentence

If the Performance Fee Accrual Account is a negative dollar amount as of the end of the Calculation Period, the Performance Based Fee will be zero.
The Security Agent will have a perfected security interest in the Note Interest Accrual Account and all dividends, instruments, cash and Cash Equivalents and other property, as applicable, on deposit in such account on an exclusive basis for the benefit of the Trustee and the holders of the Notes.
In the event of a complete withdrawal of Managed Account assets, the final Performance Based Fee will be equal to the entire Performance Fee Accrual Account, if such Account contains a positive balance.
If the Performance Fee Accrual Account is less than 4.8 percent of such aggregate Managed Account assets but greater than zero as of the end of the Calculation Period, the Performance Based Fee will be equal to 2.5 percent of the Performance Fee Accrual Account.
In the event of a complete withdrawal of Managed Account assets at a time when the Performance Fee Accrual Account contains a negative balance, the final Performance Based Fee will be zero.
For each Calculation Period, the Performance Based Fee will be equal to 10 percent of the Performance Fee Accrual Account at the end of the Calculation Period if the Performance Fee Accrual Account is equal to or greater than 4.8 percent of the aggregate Managed Account assets for which compensation is calculated under this Schedule I-C as of the end of the Calculation Period.
EDC WGQ may only withdraw from the Debt Service Accrual Account (WGQ) on an Interest Payment Date to apply all amounts standing to the credit of the Debt Service Accrual Account (WGQ) towards the payment of all amounts due on that Interest Payment Date under the Finance Documents.
The Security Agent will not have a Lien on the Note Interest Accrual Account and the cash and Cash Equivalents on deposit in such account for the benefit of the 2021 Notes Trustee, the holders of the 2021 Notes or the Senior Credit Facilities Finance Parties.
All interest and earnings (net of losses and investment expenses) on funds on deposit in the Interest Accrual Account shall be retained in the Interest Accrual Account and be available to make payments required to be made therefrom.
Funds on deposit in the Interest Accrual Account shall be available to make payments of accrued and unpaid Discount pursuant to Section 2.5(b).

More Definitions of Accrual Account

Accrual Account means any rebate accrual account and any ship-through credit accrual accounts maintained on the general ledger or other books and records of any Originator but excluding the Professional Rebate Accrual Reserve Account.

Accrual Account means an account maintained with respect to each Limited Partner Unit to which shall be credited (except as otherwise provided in the last sentence of this paragraph) on a monthly basis an amount, calculated as if interest at a per annum rate equal to the Prime Rate (as said rate may change from time to time), plus one percentage point, on the average daily balance of such Limited Partner Unit's Unpaid Distribution Account, and from which shall be debited the amount of any distributions of available Cash or Capital Transaction Proceeds with respect to such Accrual Account pursuant to clause (i) of Section 5.1.1 or clause (i) of Section 5.1.2 hereof. The amount to be credited to each Accrual Account shall be cumulative and shall compound annually, if unpaid.

Accrual Account means the “Accrual Account” set forth on Schedule 4.01(q) to the Funding Agreement, established by the Borrower pursuant to Section 6.01(e) of the Funding [*] Indicates that certain information in this exhibit has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to omitted portions. Agreement and maintained by the Borrower at the Accrual Account Bank, which account shall be subject to an Accrual Account Agreement.

Accrual Account means an account maintained with respect to each Class A Limited Partnership Unit to which shall be credited on a monthly basis an amount, calculated like interest at a per annum rate equal to the Prime Rate (as said rate may be adjusted from time to time), plus one percentage point, on the average daily balance of such Class A Limited Partnership Unit's Unpaid Distribution Account, and from which shall be debited the amount of any distributions pursuant to Section 5.1(i) and Section 13.2(a)(3) to the extent attributable to the Accrual Account. The amount to be credited to each Accrual Account shall be cumulative and shall compound annually if unpaid. Notwithstanding the foregoing, there shall be no further credits to the Accrual Account with respect to a Class A Limited Partnership Unit from and after the date that there has been a Step-Up Event (as defined in the following sentence) with respect to such Class A Limited Partnership Unit. As used herein, a Step-Up Event shall be deemed to have occurred with respect to any Class A Limited Partnership Unit when the basis of such Class A Limited Partnership Unit for federal income tax purposes is adjusted to "fair market value" by reason of a transfer for value, death, or otherwise.

Accrual Account means any of the following accrual accounts maintained by any Originator, and any similar rebate accrual account maintained on the general ledger or other books and records of any Originator: Polymer Accrual Reserve Account US Food and Industrial Rebate Accrual Account H&H Buyback and Support Accrual Account H&H Distributor Rebate Accrual Account Cracker Barrel Cost Ceiling Accrual Account H&H Corporate Rebates Accrual Account H&H Cost Ceilings Accrual Account Butchers Volume Rebate Accrual Account ▇▇▇▇▇ ▇▇▇▇▇▇▇ Brand Business Development Fund Account School Bid Rebates Accrual Account, but excluding the Professional Rebate Accrual Reserve Account.

Accrual Account means account number 12330-52385 established by the Borrower pursuant to Section 6.01(e) of the Funding Agreement and maintained by the Borrower at the Accrual Account Bank, which account shall be subject to an Accrual Account Agreement.