Accrual Fraction or "AF" means, in respect of the relevant RR and each coupon payment date and the relevant period corresponding to such coupon payment date, an amount equal to (i) the number of [business days] during such period on which the Accrual Condition is satisfied divided by (ii) the total number of [business days] in such period;

Accrual Fraction or "AF" means, in respect of each Interest Payment Date and the Accrual Period ending on (but excluding) the Scheduled Interest Payment Date on which such Interest Payment Date is scheduled to fall, the quotient of (i) the number of calendar days on which the Accrual Condition is satisfied in such Accrual Period, divided by (ii) the total number of calendar days in such Accrual Period.

Accrual Fraction means, in respect of each Interest Payment Date and the Accrual Period ending on (but excluding) the date that is two Business Days prior to such Interest Payment Date, the quotient of (i) the number of Currency Business Days on which the Accrual Condition is satisfied in such Accrual Period, divided by (ii) the total number of Currency Business Days in such Accrual Period.

Examples of Accrual Fraction in a sentence

A Pensioner’s Normal Pension shall be payable in a monthly amount equal to his Benefit Accrual Fraction multiplied by the amount set forth in Appendix I (Appendix I-A if he terminated from Covered Employment before April 1, 1987) for the applicable benefit schedule in the row corresponding to his age at retirement.
The monthly amount of the Vested Pension shall be equal to the Participant’s Benefit Accrual Fraction multiplied by the amount set forth in Appendix I (Appendix I-A if he terminated from Covered Employment before April 1, 1987) for the applicable Schedule in the row corresponding to his age at the commencement of benefits.
In Module 1 of Learning and Growing through Evaluation, we describe two phases of evaluation planning: (1) Strategic evaluation planning and (2) Individual evaluation planning.
RAN(2): The rate of interest will be product of (a) a Range Accrual Fraction and (b) the sum of an applicable rate and a margin.
Scenario 3 The Notes are not redeemed on an Optional Redemption Date (Call), and the Accrual Fraction in respect of the final Accrual Period is 0.5.The Notes will be redeemed on the Maturity Date and the Final Redemption Amount payable in respect of each Note (of the Specified Denomination) will be the Specified Denomination, i.e., CNY 1,000,000.

More Definitions of Accrual Fraction

Accrual Fraction means, in respect of each Interest Payment Date and the Accrual Period ending on (but excluding) such Interest Payment Date, the quotient of

Accrual Fraction means, in respect of each Accrual Period:

Accrual Fraction means a fraction (not exceeding 1), the numerator of which is the Participant's years of service for benefit accrual purposes as of any Date of Determination, as determined under the terms of the Pension Plan, and the denominator of which is 15.

Accrual Fraction means, in respect of each Interest Period:

Accrual Fraction means, in respect of each Accrual Period, the quotient of (i) the number of calendar days during such Accrual Period on which the Accrual Condition is satisfied, divided by (ii) the N(t) for such Accrual Period (each such calendar day being an "Accrual Day").

Accrual Fraction or "AF" means, in respect of each Interest Payment Date and the Accrual Period ending on

Accrual Fraction means, in respect of each Accrual Period, the quotient of (i) the number of calendar days on which the Accrual Condition is satisfied in such Accrual Period, divided by (ii) the total number of calendar days in such Accrual Period.