With Interest definition

With Interest means interest compounded annually at such rate of interest per annum calculated below. Interest shall be accumulated on a particular contribution from the middle of the period of contribution until the date it is paid as a pension or other payment. The rate so calculated shall be applicable to the Plan Year. The calculation of the appropriate rate of interest shall be based on the net rate of return earned by the Fund. The net rate of return earned by the Fund for each Plan Year will be at a rate equal to the rate of return that can be reasonably be attributed to the operation of the Fund which reflects the amount of “interest for a partial year” paid or transferred from the Fund.For the purposes of this Section 6.1, “interest for a partial year” means an amount of interest included within an amount paid or transferred from the Fund, with respect to any period since the end of the most recent Plan Year for which the net rate of interest can be determined based on what can be reasonably attributed to the operation of the Fund. The net rate of interest can be determined approximately 15 days after the end of a Plan Year upon receipt of investment statements.Interest for a partial year will be determined at the time of transfer or payment of a Member’s benefit from the Fund, and will be based on the net rate of return that can reasonably be attributed to the operation of the Fund from the end of the most recent Plan Year end to the end of the month prior to the month of payment or transfer in accordance with the Pension Benefits Act.Notwithstanding the above, for Members over the age of 55 at the beginning of a Plan Year in respect of interest for partial years, the net rate of return credited will not be less than the rate which results in the Member’s Account being equal to:
With Interest. With respect to any Distribution Date, the respect to any any Distribution Date, the aggregate amount of Distribution Date, the aggregate amount of interest accrued on the aggregate amount of interest accrued on the Class A-1 Certificate interest accrued on the Class A-3 Certificate Principal Balance Class A-2 Certificate Principal Balance immediately prior to such Principal Balance immediately prior to such Distribution Date during immediately prior to such Distribution Date during the related Accrual Period Distribution Date during the related Accrual Period at the Class A-1 the related Accrual Period at the Class A-3 Pass-Through Rate plus any at the Class A-2 Pass-Through Rate plus any Class A-1 Current Interest Pass-Through Rate plus any Class A-3 Current Interest remaining unpaid from Class A-2 Current Interest remaining unpaid from previous Distribution Dates. remaining unpaid from previous Distribution Dates. previous Distribution Dates.
With Interest means the accumulation of a member's contributions at such rate(s) of interest which is appropriate and fulfills the requirements of the Pension Benefits Act. Effective October 1, 2021, interest on member required contributions are based on the average yields on 5-year personal fixed term deposits as published in the Bank of Canada Review as CANSIM Series V80691336 for the entire calendar year if the member is in the Plan for the entire calendar year. If the member was present for a portion of the calendar year, then interest credited on member required contributions is based on the average CANSIM Series V80691336 from when they entered the Plan to the end of the calendar year. Upon termination of active membership due to termination of employment, or otherwise, the member required contributions are credited with interest of the average CANSIM Series V80691336 from the end of the previous calendar year until the month of termination.

Examples of With Interest in a sentence

  • Notwithstanding anything to the contrary herein, the failure by the Trustee to deliver a Total Non-Payment Notice as provided herein shall not release the Standby Purchaser of its obligations to pay the Total Non-Payment Amount With Interest in the manner set forth in this Section 3(a).

  • The Standby Purchaser’s obligation to pay one or more Partial Non-Payment Amounts With Interest or the Total Non-Payment Amount With Interest (collectively, the “Purchase Obligations”) are absolute and unconditional regardless of any law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of any Noteholder under its Notes or the Indenture.

  • All purchases and sales of the Company's Common Stock or Mutual Fund shares or the deposit and withdrawal of Cash With Interest made by the Trustee during the Transaction Period shall be in accordance with the instructions and directions of the Participants (or of the Company as to purchases of the Company's Common Stock with amounts to be credited to a Participant's Account from Company Contributions attributable to Participant's Contributions) which are received during a Transaction Period.

  • Purchases and sales of the Cash With Interest Investment Option shall be charged or credited on the basis of actual purchase and sale prices for the particular transaction.

  • For convenience in administration, the Committee and the Trustee shall establish a period for (a) the purchase and sale of Mutual Fund shares or the Company's Common Stock or (b) the deposit and withdrawal of Cash With Interest, which shall be known as a Transaction Period.

  • The Trustee shall invest in the Company's Common Stock Investment Option, the Cash With Interest Investment Option, or Mutual Fund Investment Option as promptly as practicable after the receipt of Employee contributions.

  • Expense Connected With Interest Income from United States Obligations Under G.S. § 105-130.5(b)(1), interest income from obligations of the United States or its possessions is excludable from North Carolina taxable income to the extent such income is included in federal taxable income.

  • If using an actual rate of interest, obtain the applicable multiplier from Rent Board staff and insert it in the Cost With Interest formula as follows: [Actual Interest Rate Multiplier] X cost X 120 (months).

  • The Standby Purchaser’s obligation to purchase the rights of the Noteholders right to receive one or more Partial Non-Payment Amounts With Interest or the Total Non-Payment Amount With Interest (collectively, the “Purchase Obligations”) are absolute and unconditional regardless of any law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of any Noteholder under its Notes or the Indenture.

  • Participants who made a Conversion Election shall have their Accounts paid in the form of cash to the extent they have Plan balances in a Cash With Interest Account on any distribution date, and in the form of Company Stock or other property to the extent they have Plan balances held in a Company Stock Account on any distribution date, except that cash shall be paid in lieu of any fractional shares of Company Stock credited to the Participant’s Company Stock Account.


More Definitions of With Interest

With Interest means interest compounded annually computed from the end of the calendar year in which contributions have been made to the first of the month in which a computation is being made, at the following rates: (i) for Plan Years beginning before 1976, at the annual rate prescribed by the Predecessor Plan as in effect for such Plan Years; (ii) for Plan Years beginning after 1975 and before 1988, at the annual rate of 5%; (iii) for Plan Years beginning after 1987 and before the date benefits commence, at the annual rate of 120% of the Federal mid-term rate (as in effect under section 1274 of the Code for the first month of the Plan Year); and (iv) for periods beginning when benefits commence until the Normal Retirement Date, at the annual rate which would be used under the Plan under section 417(e)(3) of the Code and section 1.417(e)-1 of the Income Tax Regulations in effect as of the date benefits commence.
With Interest means interest at a specified rate compounded annually and credited on each ALICO Plan Year’s Member contribution from the end of the ALICO Plan Year to the first of the month in which the Member’s death occurs, termination of service or retirement under the ALICO Plan.
With Interest means, when used in connection with the return of a participant’s personal contributions made prior to May 1991, as provided under the Plan, interest at an annual rate as
With Interest means in respect of:
With Interest means together with interest on the payment to which it relates from

Related to With Interest

  • VRR1 Interest As defined in the Preliminary Statement.

  • VRR2 Interest As defined in the Preliminary Statement.

  • RR Interest A Certificate (or all Certificates, as the context may require) designated as “RR Interest” on the face thereof, in the form of Exhibit A-4 hereto, and evidencing (i) a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions and (ii) beneficial ownership of the RR Interest Specific Grantor Trust Assets.

  • Transferred Interest means, at any time of determination, an undivided percentage ownership interest in (i) each and every then outstanding Receivable, (ii) all Related Security with respect to each such Receivable, (iii) all Collections with respect thereto, and (iv) other Proceeds of the foregoing, which undivided ownership interest shall be equal to the Aggregate Percentage Factor at such time, and only at such time (without regard to prior calculations). The Transferred Interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, shall at all times be equal to the Transferred Interest in each other Receivable, together with Related Security, Collections and Proceeds with respect thereto. To the extent that the Transferred Interest shall decrease as a result of a recalculation of the Aggregate Percentage Factor, the Administrative Agent on behalf of the applicable Class Investors shall be considered to have reconveyed to the Transferor an undivided percentage ownership interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, in an amount equal to such decrease such that in each case the Transferred Interest in each Receivable shall be equal to the Transferred Interest in each other Receivable.

  • Mortgage Deferred Interest With respect to any Mortgage Loan as of any Due Date that has been modified to reduce the rate at which interest is paid currently below the Mortgage Rate and capitalize the amount of such interest reduction, the excess, if any, of (a) interest accrued on the Stated Principal Balance thereof during the one-month interest accrual period set forth in the related Mortgage Note at the related Mortgage Rate over (b) the interest portion of the related Monthly Payment, as so modified or reduced, or, if applicable, Assumed Scheduled Payment due on such Due Date.

  • Periodic Interest means, with respect to any Payment Date, the periodic interest for such Payment Date as specified in the Series Supplement.

  • Class LA-M Interest “Class LB Interest,” “Class LC Interest,” “Class LD Interest,” “Class LE Interest,” “Class LF Interest,” and “Class LG Interest”: Each, a regular interest in the Lower-Tier REMIC entitled to monthly distributions payable thereto pursuant to Section 4.01 of this Agreement.

  • VRR Interest All of the Class V1 and Class V2 Certificates collectively. The VRR Interest represents undivided beneficial interests in the VRR Specific Grantor Trust Assets.

  • Personal interest means a financial benefit or liability accruing to a School Board member or employee or to a member of the immediate family of the School Board member or employee. Such interest shall exist by reason of

  • Deferred Interest shall have the meaning set forth in Section 4.1.

  • Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Cash Interest means interest paid in the form of cash.

  • Class B Additional Interest shall have the meaning specified in subsection 4.02(b).

  • L/C Interest shall have the meaning ascribed to such term in Section 3.6 hereof.

  • Class LD Interest “Class LE Interest,” “Class LF Interest,” “Class LG Interest” and “Class LH Interest”: Each, a regular interest in the Lower-Tier REMIC entitled to monthly distributions payable thereto pursuant to Section 4.01 of this Agreement.

  • Class LB Interest “Class LC Interest,” “Class LD Interest,” “Class LE Interest,” “Class LF Interest,” and “Class LG Interest”: Each, a regular interest in the Lower-Tier REMIC entitled to monthly distributions payable thereto pursuant to Section 4.01 of this Agreement.

  • Class LA-3 Interest “Class LA-4 Interest,” “Class LA-M Interest,” “Class LB Interest,” “Class LC Interest,” “Class LD Interest,” “Class LE Interest,” “Class LF Interest,” and “Class LG Interest”: Each, a regular interest in the Lower-Tier REMIC entitled to monthly distributions payable thereto pursuant to Section 4.01 of this Agreement.

  • Asset Interest is defined in Section 2.1(b).

  • Penalty Interest With respect to any Mortgage Loan or Companion Loan (or successor REO Loan), any amounts collected thereon, other than late payment charges, Additional Interest, Prepayment Premiums or Yield Maintenance Charges, that represent penalty interest (arising out of a default) in excess of interest on the Stated Principal Balance of such Mortgage Loan or Companion Loan (or successor REO Loan) accrued at the related Mortgage Rate.

  • Class LA-1 Interest “Class LA-2 Interest,” “Class LA-SB Interest,” “Class LA-3 Interest,” “Class LA-4 Interest,” “Class LA-M Interest,” “Class LB Interest,” “Class LC Interest,” “Class LD Interest,” “Class LE Interest,” “Class LF Interest,” and “Class LG Interest”: Each, a regular interest in the Lower-Tier REMIC entitled to monthly distributions payable thereto pursuant to Section 4.01 of this Agreement.

  • related interest means (1) a company (other than an insured bank or a foreign bank) that is controlled by an executive officer, director, or principal shareholder or (2) a political or campaign committee that is controlled by or the funds or services of which will benefit an executive officer, director, or principal shareholder. See Section 215.11(a)(2) of

  • Class LA-SB Interest “Class LA-3 Interest,” “Class LA-4 Interest,” “Class LA-M Interest,” “Class LB Interest,” “Class LC Interest,” “Class LD Interest,” “Class LE Interest,” “Class LF Interest,” and “Class LG Interest”: Each, a regular interest in the Lower-Tier REMIC entitled to monthly distributions payable thereto pursuant to Section 4.01 of this Agreement.

  • registered interest means an international interest, a registrable non-consensual right or interest or a national interest specified in a notice of a national interest registered pursuant to Chapter V;

  • Class LA-4 Interest “Class LA-M Interest,” “Class LB Interest,” “Class LC Interest,” “Class LD Interest,” “Class LE Interest,” “Class LF Interest,” and “Class LG Interest”: Each, a regular interest in the Lower-Tier REMIC entitled to monthly distributions payable thereto pursuant to Section 4.01 of this Agreement.

  • Earned Interest means the interest and other income actually received or credited on the investment of the Escrowed Funds between the date hereof and the earlier to occur of the Acquisition Closing Date and the Termination Date.

  • Month End Interest As defined in each Servicing Agreement.