Accumulated Savings definition

Accumulated Savings means, as of any date of determination, the cumulative total of Excess Savings.
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Accumulated Savings. The borrower has demonstrated: • an ability to accumulate savings, and • a conservative attitude toward using credit; d. Previous Credit History: A borrower’s previous credit history shows that he/she has the ability to devote a greater portion of income to housing expenses; 19
Sample 1
Accumulated Savings is calculated as [*] of MSRP, as set forth in the Sun-Netscape Alliance Price List, of Products sold by Customer plus the total of discretionary rebates forfeited by Customer at any point in time. Accumulated Savings shall not exceed [*]. As of September 30, 2000, or sooner, if terminated, if the Accumulated Savings is not equal to [*], Customer will remit to Sun an amount equal to the difference between the Accumulated Savings and [*], or the prorated portion thereof, within thirty days from September 30, 2000 or the date of termination. This provision shall survive termination of the Agreement.
Sample 1

Examples of Accumulated Savings in a sentence

  • If such sum of (i) calculated EC Savings for any future Measurement Period plus (ii) the Annual M&V Fee for such Measurement Period is less than the Guaranteed Savings for that Measurement Period, then Chevron Energy Solutions will apply Accumulated Savings then outstanding to determine whether there is a Guarantee Shortfall for that Measurement Period.

  • Accumulated Savings will be increased, for any Measurement Period, by the amount of Excess Savings during such Measurement Period, and will be decreased, for any Measurement Period, by the difference, to the extent positive, between (i) the Guaranteed Savings for such Measurement Period minus (ii) the EC Savings for such Measurement Period.

  • The Guarantee Shortfall, for any Measurement Period, will be calculated by Chevron Energy Solutions as the difference, to the extent positive, between (i) the Guaranteed Savings for such Measurement Period minus (ii) the sum of (a) EC Savings for such Measurement Period plus (b) Accumulated Savings then outstanding.

  • For the avoidance of doubt, Accumulated Savings will not be reduced below zero.

Related to Accumulated Savings

  • Accumulated contributions means the sum of all

  • Accumulated leave means the period of time that is accumulated under the Plan as leave during a work period.

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.

  • Excess Compensation means Compensation in excess of the following Integration Level: (Choose (1) or (2))

  • Company Contributions means the contributions made by the Company pursuant to Section 3.3.

  • Excess Earnings means, with respect to Mortgage Loans held in any subaccount of the Acquisition Account or the Loan Recycling Account established in connection with a Series of Tax- exempt Bonds, the "excess earnings," as defined in Treasury Regulations § 1.148-10T, with respect thereto.

  • Reinvestment Deferred Amount means, with respect to any Reinvestment Event, the aggregate amount of Net Cash Proceeds received by the Borrower or a Restricted Subsidiary in connection therewith that are not applied to prepay the Term Loans as a result of the delivery of a Reinvestment Notice.

  • Health Savings Account means an account as permitted under section 223 of the internal revenue code of 1986, 26 USC 223.

  • Catch-Up Contributions means Salary Reduction Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

  • Matching Contribution means an Employer contribution made to this or any other defined contribution plan on behalf of a Participant on account of a Participant's Deferral Contribution.

  • Discretionary Contribution means the contribution made by the Employer on behalf of a Participant as described in Section 4.4(b).

  • Accumulation shall not exceed an amount equal to twice the annualized current vacation earnings rate of the employee. This is the employee’s “Maximum Balance.”

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Deferrals means the amount of the Director’s Compensation that the Director elects to defer according to this Agreement.