Memorandum Subaccount definition

Memorandum Subaccount means, with respect to a Participant, a portion of the Participant’s Memorandum Account that is separately accounted for by the Company due to the application of unique provisions relating to the applicable distribution schedule or Investment Benchmark(s).
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Examples of Memorandum Subaccount in a sentence

  • The Utilities will retain the amounts set forth in those Advice Letters to offset their SONGS Litigation Costs, as well as the 5% of the negative balance in the NEIL Outage Memorandum Subaccount pursuant to Section 4.11(c)(ii) of the 2014 Agreement.

  • Neither the Company nor any Participating Company shall fund its liability for the balances credited to a Memorandum Account or Memorandum Subaccount, but each shall reflect its liability for such balances on its books.

  • The negative balance in the NEIL Memorandum Account will be transferred to the NEIL Outage Memorandum Subaccount and the NEIL Other Recoveries Memorandum Subaccount, reflecting the allocation of SONGS Litigation Recoveries between the NEIL Outage Policy and other recoveries from NEIL.

  • A separate Memorandum Subaccount for that portion of a Participant’s Memorandum Account that is required to be adjusted for earnings and losses on the basis of an Investment Benchmark that is different from the Investment Benchmark(s) applicable to other portions of the Memorandum Account.

  • Vehicle-Grid Integration (VGI) Working Group Memorandum SubaccountPURPOSE: The purpose of the VGI Working Group Memorandum Subaccount is to record and track costs associated with hiring a technical facilitator that will organize and facilitate the interagency VGI Working Group.

  • In the event payment is to be made in installments, each installment shall be equal to the balance credited to the Participant’s Memorandum Account (or, if applicable, Memorandum Subaccount) as of the last business day of the month ending immediately prior to the date on which payment is to be made, divided by the number of installment payments remaining to be paid (including the payment then being computed).

  • If at any point a Participant becomes a U.S. citizen or resident alien, his or her Employer Contribution Memorandum Subaccount will be reopened (or newly opened) for him or her, and any amounts in his or her Employer Contribution Trust Subaccount will be liquidated and the liquidated amount will be transferred to the University with an amount equal to that liquidated amount to then be recorded and allocated to his or her Employer Contribution Memorandum Subaccount.

  • SPE Investment Earnings Memorandum Subaccount A monthly credit equal to the amount received by PG&E, from SPE dividends or due to an increase in PG&E’s ownership interest in the SPE, due to the investment earnings on the funds held by the Bond Trustee in the general, overcollateralization, and reserve subaccounts of the collection account between distribution dates, net of any taxes or other expenses incurred by the SPE.

  • If a participating Employee becomes a U.S. citizen or resident alien after January 1, 2010, amounts in his or her Employee Contribution Trust Subaccount shall, at the direction of the Committee, be transferred from the Employee Contributions Trust Subaccount to the University, to be recorded in and allocated to the Employee’s Memorandum Account and maintained in an Employee Contributions Memorandum Subaccount within such Memorandum Account.

  • The purpose of the Surcharge Amortization Revenue Memorandum Subaccount (SARMA) of the PSBA is to record, beginning June 1, 2002, the total revenues PG&E receives from customers from the portion of the Schedule E-EPS average three-cents per kilowatt-hour (kWh) surcharge associated with amortizing the unrecovered surcharge revenues for the period between March 27, 2001, the effective date of Decision 01-03-082, and June 1, 2001, the surcharge rate implementation date pursuant to Decision 01-05-064.

Related to Memorandum Subaccount

  • cash memorandum account means an account so designated by the Operator of the relevant system.

  • Subaccounts is defined in Section 8.02(a) of the Indenture.

  • Subaccount means any subaccount designated and established hereunder.

  • General Subaccount is defined in Section 8.02(a) of the Indenture.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • Expense Account The account established pursuant to Section 10.3(c).

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Excess Funds Subaccount is defined in Section 8.02(a) of the Indenture.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

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

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Individual Account Means the account established and maintained under this Plan for each Participant in accordance with Section 4.01.

  • Capital Subaccount is defined in Section 8.02(a) of the Indenture.

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Interest Account means the Account within the Debt Service Fund so designated and established by Article V hereof.

  • Suspense Account means the account established by the Trustee for maintaining contributions and forfeitures which have not yet been allocated to Participants.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Certificate Account The account maintained by the Trustee in accordance with the provisions of Section 4.04.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

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

  • Discretionary Account means a Personal Account in which you have completely turned over decision-making authority to a professional money manager (who is not a Family Member or not otherwise covered by this Code) and you have no direct or indirect influence or control over the account. (Such Discretionary Accounts are often referred to as “professionally managed,” “controlled” or “managed” accounts.)

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.