Net Accruals definition

Net Accruals means interest, dividends, and/or an increase in value of stock or bonds or other investments, less any costs.
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Net Accruals means the amount of Fees, expenses and other amounts accrued but not received by the Seller Parties under the Assumed Credit Agreements, plus the amount of any prepaid expenses relating to items that will accrue to the benefit of Buyer after the Effective Time, less the amount of any accrued but unpaid expenses relating to Transferred Employees (including any accrued but unpaid bonus, incentive compensation and other employee-related expenses), in each case determined as of the Effective Time in accordance with GAAP.
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Examples of Net Accruals in a sentence

  • The aggregate consideration to be paid by Buyer to Seller (for the benefit of the Seller Parties) for the sale of all of the Transferred Assets and the assumption of the Assumed Liabilities in this Agreement shall be an amount in cash equal to the Loan Portfolio Purchase Price Amount, as such amount may be adjusted as a result of Credit Accounts and Net Accruals, if any, pursuant to Sections 3.03, 3.05, 3.06 and 3.07 (as so adjusted, the “Purchase Price”).

Related to Net Accruals

  • 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.

  • Current Account means a form of demand deposit wherefrom withdrawals are allowed any number of times depending upon the balance in the account or up to a particular agreed amount and will also include other deposit accounts which are neither Savings Deposit nor Term Deposit.

  • Available Income means, on each Distribution Date, an amount calculated for each of the Paired Trusts as all funds on deposit in the applicable trust on that Distribution Date after that trust has (i) set aside an amount equal to the Fee Deduction Amount to pay fees and expenses, (ii) paid or received a payment from the other Paired Trust under the income distribution agreement and (iii) acquired treasuries with an aggregate purchase price equal to the Aggregate Par Amount of its shares as of that Distribution Date.

  • Company Matching Contributions means the Company contributions described in Section 3.4.

  • Interest Accrual Basis The basis on which interest accrues in respect of any Mortgage Loan, any REMIC I Regular Interest, any REMIC II Regular Interest, any Regular Certificate, any of the Class A-S, Class B and Class C Certificates, any of the Class A-S Regular Interest, Class B Regular Interest and Class C Regular Interest or any particular REMIC III Component of a Class of Interest Only Certificates, in each case consisting of one of the following: (i) a 30/360 Basis; or (ii) an Actual/360 Basis.