monthly balances definition

monthly balances means monthly balances obtained by application of the actuarial method.
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monthly balances means monthly balances obtained by application of the actuarial method.9 Unilateral variation of credit sale contracts and loan contractsFor the purposes of section 41(1) of the Act, the prescribed period is 7 clear days.10 Descriptive terms to be used in certain documents
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monthly balances as defined in Appendix D.
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Examples of monthly balances in a sentence

  • At Segment Maturity, Segment Indexed Interest will be credited to the Segment and is equal to the Segment Indexed Interest Rate multiplied by the average of all Segment Monthly Balances over the entire Segment Term.

  • In the event of a New Excess Sales Month, the remaining Monthly Balances will be calculated in accordance with this paragraph, substituting the New Monthly Entitlement Amount for the prior Monthly Entitlement Amount.

  • At the same time as it calculates each Monthly Balance, the Company shall calculate the remaining "Minimum Value," which shall be equal, as of any date, to $4,097,188.69 less the sum of the Monthly Balances determined through such date, and shall deliver a copy of such each calculation to the registered Holder.

  • The Company's calculation of the Monthly Balances, the Minimum Values and the Calculation Price shall be final and binding on the Company and the Stockholder absent manifest error.

  • In such event, an appropriate adjustment will be made to the denominator used to calculate the Monthly Balances.

  • Promptly after the first annual anniversary date of the Closing Date, Parent shall calculate the "Minimum Value," which shall be equal to $21,000,000 less the sum of the twelve (12) Monthly Balances, and shall deliver a copy of such calculation to the registered Warrant holder; provided, that if the sum of the Monthly Balances exceeds at the first anniversary of the Closing Date, $21,000,000, then the Warrant shall be deemed to have expired unexercised and to have no further force or effect.

  • Segment Indexed Interest – At Segment Maturity, Segment Indexed Interest will be credited to the Segment and is equal to the Segment Indexed Interest Rate multiplied by the average of all Segment Monthly Balances over the entire Segment Term.

Related to monthly balances

  • New Balance This means the total outstanding balance on your account. It will be listed on each statement as the “New Balance”.

  • Daily Balance means the amount of the Obligations owed at the end of a given day.

  • Unpaid Balance of any Receivable means at any time the unpaid principal amount thereof.

  • Time balance means the sum of the principal amount financed and the finance charge.

  • Available Balance means, in relation to any Account, the aggregate of:

  • Asset Balance means, for any Payment Date, the Pool Balance as of the beginning of the current Collection Period.

  • Original Balance means, with respect to any Receivable coming into existence after the Initial Cutoff Date, the Outstanding Balance of such Receivable on the date it was created.

  • Interest Valuation Date means each date set out in the table below in the column entitled “Interest Valuation Dates”.

  • Last Monthly Benefit means the gross Monthly Benefit payable to the Insured Employee immediately prior to death. Any reductions for Other Income Benefits, or for earnings the Insured Employee received for Partial Disability Employment, will not apply.

  • Balance Amount shall have the meaning set forth in Section 8.1 of this Agreement.