Examples of Rounding Account in a sentence
Amounts on deposit in the Rounding Account shall not be invested.
The proceeds remaining in any related Retail Rounding Account (as described in Appendix IV to the Offering Circular) after the principal amounts of all related Classes have been paid in full shall be distributed in accordance with the provisions of Section 4.09.
Nandi, S., "A detailed model of induction machines with saturation extendable for fault analysis", Industry Applications, IEEE Transactions on, Vol.
The Registrar then rounds the remainder of the principal payment upward to the next multiple of $1,000, by making another withdrawal from the Retail Rounding Account, and pays this amount on the Retail Class.
If the remainder of such aggregate amount of principal is not an amount equal to an integral multiple of $1,000, the Master Servicer shall notify the Trustee by Noon New York City time two Business Days prior to such Distribution Date of the applicable Rounding Amount, and the Trustee shall withdraw from the applicable Rounding Account, to the extent funds are available therein, the amount so notified by the Master Servicer.