Non-accumulation Sample Clauses

Non-accumulation. Allowable leave shall not be accumulated from year to year.
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Non-accumulation. Regardless of the number of years this Policy shall continue in force, the number of Premiums paid and irrespective of whether it is or may be renewed, the limits of liability as specified in the Policy Schedules shall not accumulate from year to year or from Period of Insurance to Period of Insurance.
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Non-accumulation. Benefits under Sections 1(a) and 1(b) will not accumulate from year to year.
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Non-accumulation. Personal days may not be accumulated from year of seniority to year of seniority. Personal days which are not taken during the year of seniority for which they become available for use are lost and may not be used thereafter. The employee is not entitled to receive the cash equivalence of any such loss of personal days. However, any personal days not taken during a calendar year will be added to the employees extended sick leave bank, provide it does not exceed the maximum accumulation permitted for extended sick leave. Full- time employees shall receive a notice with their paycheck during the month following their anniversary date informing them of how many unused personal days were remaining and the total paid extended sick leave days currently available.
Sample 1
Non-accumulation. The inclusion in this Policy of more than one Trustee shall not operate to increase the Insurer’s limit of aggregate liability stated in the schedule.
Sample 1
Non-accumulation. Holiday compensatory time shall not accumulate from one calendar year to the next and will be forfeited if not used. Provided, however, if a holiday compensatory day is canceled by the chief, or his/her designee, prior to July 1st, the employee must reschedule the holiday compensatory day during the remaining calendar year. However, it may be carried over to the next calendar year and scheduled as a non-guaranteed day, subject to the chief’s approval. Holiday compensatory time cancelled after June 30th may be carried over to the next calendar year, and scheduled as a guaranteed/ non-cancelable Holiday compensatory day, subject to the chief’s approval.
Sample 1
Non-accumulation. Floating Day leave must be taken only during the calendar year in which it is granted and shall not carry over from one calendar year to the next except as otherwise agreed in writing by the Company and the Union.
Sample 1
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Non-accumulation. 6. For the avoidance of doubt, in respect of all cover under this Policy all limits of liability and excesses shall apply on the basis that there is one Policy Period only, notwithstanding any setting out in the Declarations of different Policy Periods.
Sample 1

Related to Non-accumulation

  • Variable Accumulation Period The Controlled Accumulation Period is scheduled to commence on the Stated Controlled Accumulation Period Commencement Date; provided, however, that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is different from the Initial Scheduled Controlled Accumulation Period Length, the Servicer, at its option on any Determination Date prior to the commencement of the Controlled Accumulation Period, may elect to modify the date on which the Controlled Accumulation Period actually commences to the last Business Day of any Due Period that precedes the Due Period that is the number of Due Periods prior to the Expected Final Payment Date equal to the Controlled Accumulation Period Length. Such election will be set forth in the Monthly Servicer Certificate. If the Servicer elects to modify the date on which the Controlled Accumulation Period commences pursuant to this Section 19, then on each Determination Date thereafter until the date on which the Controlled Accumulation Period commences the Servicer will recalculate the Controlled Accumulation Period Length; provided, however, that (i) the length of the Controlled Accumulation Period will not be less than the Minimum Controlled Accumulation Period Length and (ii) notwithstanding any other provision of this Series Supplement to the contrary, no election to postpone the commencement of the Controlled Accumulation Period shall be made after a Rapid Amortization Event (as described herein or in the applicable Series Supplement) shall have occurred for so long as it is continuing with respect to any Series in the Group to which the Series established hereby belongs. On each Determination Date, the Servicer will determine the "Controlled Accumulation Period Length" that will equal the number of Due Periods such that the Class Controlled Accumulation Amount for the Due Period related to the Class Expected Final Payment Date, when aggregated with the Class Controlled Accumulation Amounts for each preceding Due Period, will equal or exceed the Series Initial Investor Interest. Any notice by the Servicer electing to modify the commencement of the Controlled Accumulation Period pursuant to this Section 19 shall specify the following as determined on such Determination Date: (i) the Controlled Accumulation Period Length; (ii) the commencement date of the Controlled Accumulation Period; and (iii) the Class Controlled Accumulation Amount with respect to each class of such Series with respect to each Due Period. If the Controlled Accumulation Period Length as recalculated on any such Determination Date exceeds the number of full Due Periods following such Determination Date and preceding the Class A Expected Final Payment Date, the commencement date of the Controlled Accumulation Period will be such Determination Date.

  • Targeted Deposits to the Accumulation Reserve Account The deposit targeted to be made to the Accumulation Reserve Subaccount for the Class A(2018-6) Notes for any Due Period during the Accumulation Reserve Funding Period will be an amount equal to the Targeted Accumulation Reserve Subaccount Deposit minus any amount on deposit in the Accumulation Reserve Subaccount for the Class A(2018-6) Notes.

  • Transfer Date In the event the Interim Servicer is terminated as servicer of a Mortgage Loan pursuant to the Interim Servicing Agreement, the date on which the Purchaser, or its designee, shall receive the transfer of servicing responsibilities and begin to perform the servicing of such Mortgage Loans, and the Interim Servicer shall cease all servicing responsibilities.

  • Payment Date An amount calculated as being due in respect of any Early Termination Date under Section 6(e) will be payable on the day that notice of the amount payable is effective (in the case of an Early Termination Date which is designated or occurs as a result of an Event of Default) and on the day which is two Local Business Days after the day on which notice of the amount payable is effective (in the case of an Early Termination Date which is designated as a result of a Termination Event). Such amount will be paid together with (to the extent permitted under applicable law) interest thereon (before as well as after judgment) in the Termination Currency, from (and including) the relevant Early Termination Date to (but excluding) the date such amount is paid, at the Applicable Rate. Such interest will be calculated on the basis of daily compounding and the actual number of days elapsed.

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