Notional Accounts definition

Notional Accounts means the book entry account, which shall include Notional Credits, and any interest equivalents, dividend equivalents or other earnings credited to such book entry account, established by the Company for each Eligible Executive.
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Notional Accounts means the accounts produced from time to time by the Lessor on a basis consistent with the Initial Notional Accounts and in accordance with Accounting Practice and the Assumptions (as the same may be varied from time to time) and the Principles for the purpose of determining the quantum and timing of payments of tax to be taken into account in calculating the amount of the Rent or Termination Rent; "Original Cashflow Report" means the Cashflow Report produced pursuant to paragraph 4.1 and which has become effective pursuant to paragraph 4.12; "PLA Costs" means the rate from which the cost from time to time of the "prime liquid assets" of the Bank is calculated in accordance with Annex A to this Financial Schedule; "Rent" means each Rent payable or paid by PPC pursuant to Clause 7 and paragraph 2.1 and, save where the context otherwise requires, as adjusted from time to time pursuant to the Financial Schedule and each other sum paid or payable by PPC expressed to be Rent in this Financial Schedule; "Principles" means the principles described in paragraph 3.2; "Profit and Loss Account" means the profit and loss account comprised in the Notional Accounts; "Quarter Date" means each 14 January, 14 April, 14 July and 14 October falling after the Commencement Date; "Relevant Risk Asset Weighting" means the Bank Risk Asset Weighting or, as the case may be, the Strip Risk Asset Weighting (as appropriate); "Relevant Return Rate" means the Bank Risk Return Rate or, as the case may be, the Strip Risk Return Rate (as appropriate);
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Notional Accounts shall have the meaning set forth in the Recitals.
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Examples of Notional Accounts in a sentence

  • This is achieved because certain deductions made from time to time to the balance of the Notional Accounts reflect certain notional fees (being the Fees and Other Notional Account Payments) payable in respect of the Notes.

  • Each time that the Issuer or the Performance Counterparty is obliged to make a payment under the Cash Flows Swap (such obligations being the Real Payment Obligations described below), the balance of certain Notional Accounts referenced by the Cash Flows Swap (being the Notional Collection Account and the Notional Trading Account) will be notionally credited or debited.

  • The balance of the Notional Accounts will, however, continue to change from time to time until an Early Termination Amount is determined under the Performance Charged Agreement.

  • Upon designation of an Early Termination Date in respect of the Cash Flows Swap, the balance of the Notional Accounts will continue to change from time to time in accordance with the Notional Account Payments (except the Swap Notional Account Payments) until an Early Termination Amount is determined under the Performance Charged Agreement.

  • In connection with the termination of the Contracts in respect of the Notional Accounts, Seller will ensure that any grace period and run-out activities for the Notional Accounts are completed by Seller’s existing service providers after the termination of the Notional Accounts.

  • Effective as of the applicable Plan Year End, Seller shall terminate, or cause to be terminated, each Contract with an Enterprise Partner in respect of the Notional Accounts.

  • From and after the Signing Date until the applicable Plan Year End (the “Notional Account Transition Period”), except as otherwise required by Applicable Law, Seller shall administer the Notional Accounts in the ordinary course of business consistent with past practice.

  • The Designated Third Party Administrator will maintain a record of each Notional Account, process investment selections, and otherwise be the record keeper of the Notional Accounts.

  • Eligible Executives shall not have voting rights or any other ownership rights with respect to any investment options selected as the measuring mechanism for the Notional Accounts established under this Section.

  • Upon the occurrence of a Cancellation Unwind Event, the Cancellation Cash Amount will be payable by or to the Issuer on the relevant Cancellation Date which reflects, among other matters, the balance of the Notional Accounts on the Cancellation Notice Date.The obligation to pay the Cancellation Cash Amount is set out in the Real Payment Obligations described below.


More Definitions of Notional Accounts

Notional Accounts means the record-keeping method used for Flexible Spending Accounts and Health Reimbursement Accounts. Notional Accounts are not pre-funded with the annual election or County contribution, instead an Advance Payment Account is set up and funded by County to pay claims and is replenished as the account is drawn down.
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Notional Accounts are Accounts that are balance sheet entries, not actual bank accounts, of contributed funds. For purposes of this Appendix with Client, Notional Accounts include FSAs.
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Notional Accounts. Benefitfocus agrees to provide Notional Account administration services described:
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Related to Notional Accounts

  • Additional Accounts shall have the meaning specified in subsection 2.06(a).

  • Additional Account means each New Account and each Aggregate Addition Account.

  • Sub-Accounts means the respective Sub-Accounts of the Escrow Account, into which the monies specified in Clause 4.1 would be credited every month and paid out if due, and if not due in a month then appropriated proportionately in such month and retained in the respective Sub Accounts and paid out therefrom on the Payment Date(s). 1.2 Interpretation 1.2.1 References to Lenders’ Representative shall, unless repugnant to the context or meaning thereof, mean references to the Lenders’ Representative, acting for and on behalf of Senior Lenders. 1.2.2 The words and expressions beginning with capital letters and defined in this Agreement shall have the meaning ascribed thereto herein, and the words and expressions used in this Agreement and not defined herein but defined in the Development Agreement shall, unless repugnant to the context, have the meaning ascribed thereto in the Development Agreement. 1.2.3 References to Clauses are, unless stated otherwise, references to Clauses of this Agreement. 1.2.4 The rules of interpretation stated in Clauses 1.2, 1.3 and 1.4 of the Development Agreement shall apply, mutatis mutandis, to this Agreement.

  • Special Accounts means the accounts referred to in Section 2.02 (b) of this Agreement.

  • Principal Account(s means deposit accounts of the Fund carried on the books of BBH&Co. as principal in accordance with Section 7 hereof.

  • Personal Account means any account owned by, or in the name of, an OppenheimerFunds Employee or Access Person in which Securities may be held or any such account in which an Employee (including an Access or Investment Person) has a Beneficial Interest.

  • Removed Accounts shall have the meaning specified in Section 2.10.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Initial Account has the meaning specified in the Transfer Agreement.

  • Collection Accounts As defined in Section 3.10(a).

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Designated Accounts as used in any security agreement means both the Designated Accounts hereunder and the “Designated Accounts” in the comparable agreement entered into with respect to any other Pledgor.

  • Removed Account shall have the meaning specified in Section 2.07(c).

  • Sub-Account means any of the individual sub-accounts of a Participant's Separate Account that is maintained as provided in Article VIII.

  • Series Accounts means, collectively, the Finance Charge Account, the Principal Account, the Principal Accumulation Account, the Distribution Account, the Reserve Account and the Spread Account.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • Transferred Account means each account into which an Account is transferred, provided that (i) such transfer is made in accordance with the Credit Card Guidelines and (ii) such account can be traced or identified as an account into which an Account has been transferred.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Separate Accounts means the accounts which are to be prepared for each

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Cut-off Date Pool Balance The aggregate Cut-off Date Principal Balance of all the Original Mortgage Loans.

  • Net Amount of Eligible Accounts means the gross amount of Eligible Accounts less (a) sales, excise or similar taxes included in the amount thereof and (b) returns, discounts, claims, credits and allowances of any nature at any time issued, owing, granted, outstanding, available or claimed with respect thereto.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)