Amount of Allocations Clause Samples

Amount of Allocations. On the last day of December, 2000, the Bank shall credit to the Employee's Account an amount equal to twenty-five thousand dollars ($25,000). On the last day of each December beginning with December, 2001 and occurring before the first to occur of (1) the Employee's retirement following the attainment of his Retirement Age, (2) the Employee's death or (3) the Employee's Termination of Employment, the Bank shall credit to the Employee's Account an amount equal to twenty-five thousand dollars ($25,000) times the percentage increase or decrease in Employee's base salary above or below $150,000 for the calendar year for which the allocation is being made. For the year in which Employee retires following his attainment of his Retirement Age, dies, or has a Termination of Employment, the Bank shall credit to the Employer's Account on the date he retires following the attainment of his Retirement Age, dies or has a Termination of Employment, the pro rata portion of the annual amount which would otherwise be credited to Employee on December 31st of that year had he not retired after reaching his Retirement Age, died or had a Termination of Employment during that year. Each allocation under this Section 2.01 shall be deemed to have been made for purposes of computing interest under Section 2.02 of this Agreement beginning on the required allocation date.
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Amount of Allocations. ‌ The amount of each Allocation for any Sub-Project shall not (unless justified by the Borrower in writing to the Bank that there is insufficient own or third party funding and/or otherwise agreed between the Parties in writing) exceed: (a) for a Sub-Project promoted by an SME or Mid-Cap with a Sub-Project cost not exceeding an amount equivalent to EUR 25,000,000 (twenty five million euros): 50% (fifty per cent.) (or such higher percentage as agreed between the Parties in writing) of a Final Beneficiary’s Investment Programme up to a maximum cumulative amount equivalent to EUR 12,500,000 (twelve million five hundred thousand euros); and (b) for a Sub-Project promoted by a Final Beneficiary of any size with Sub-Project cost exceeding an amount equivalent to EUR 25,000,000 (twenty-five million Euros) but in no case more than an amount equivalent to EUR 50,000,000 (fifty million Euros), 50% (fifty per cent) (or such higher percentage as agreed between the Parties in writing) of that Final Beneficiary’s Investment Programme. However, in an Allocation of more than an amount equivalent to EUR 12,500,000 (twelve million five hundred thousand euros), the Bank’s prior approval, based on receipt of information requested by the Bank, shall be required. in each case, subject to the detailed provisions contained in the relevant Side Letters. These thresholds may be amended from time to time at the discretion of the Bank.
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Related to Amount of Allocations

  • Timing and Amount of Allocations of Net Income and Net Loss Net Income and Net Loss of the Partnership shall be determined and allocated with respect to each Partnership Year of the Partnership as of the end of each such year. Subject to the other provisions of this Article 6, an allocation to a Partner of a share of Net Income or Net Loss shall be treated as an allocation of the same share of each item of income, gain, loss or deduction that is taken into account in computing Net Income or Net Loss.

  • Account Allocations In the event that any of the Sellers is unable for any reason to transfer Receivables to the Trust in accordance with the provisions of this Agreement, including by reason of the application of the provisions of Section 9.02 or any order of any Governmental Authority (a “Transfer Restriction Event”), then, in any such event, (a) the Sellers and the Servicer agree (except as prohibited by any such order) to allocate and pay to the Trust, after the date of such inability, all Collections, including Collections of Receivables transferred to the Trust prior to the occurrence of such event, and all amounts which would have constituted Collections but for such Seller’s inability to transfer Receivables (up to an aggregate amount equal to the amount of Receivables transferred to the Trust by such Seller in the Trust on such date), (b) the Sellers and the Servicer agree that such amounts will be applied as Collections in accordance with Article IV and the terms of each Supplement and (c) for so long as the allocation and application of all Collections and all amounts that would have constituted Collections are made in accordance with clauses (a) and (b) above, Principal Receivables and all amounts which would have constituted Principal Receivables but for such Seller’s inability to transfer Receivables to the Trust which are written off as uncollectible in accordance with this Agreement shall continue to be allocated in accordance with Article IV and the terms of each Supplement. For the purpose of the immediately preceding sentence, the Sellers and the Servicer shall treat the first received Collections with respect to the Accounts as allocable to the Trust until the Trust shall have been allocated and paid Collections in an amount equal to the aggregate amount of Principal Receivables in the Trust as of the date of the occurrence of such event. If any of the Sellers or the Servicer is unable pursuant to any Requirements of Law to allocate Collections as described above, the Sellers and the Servicer agree that, after the occurrence of such event, payments on each Account with respect to the principal balance of such Account shall be allocated first to the oldest principal balance of such Account and shall have such payments applied as Collections in accordance with Article IV and the terms of each Supplement. The parties hereto agree that Finance Charge Receivables, whenever created, accrued in respect of Principal Receivables which have been conveyed to the Trust shall continue to be a part of the Trust notwithstanding any cessation of the transfer of additional Principal Receivables to the Trust and Collections with respect thereto shall continue to be allocated and paid in accordance with Article IV and the terms of each Supplement.

  • Payment Allocation Subject to applicable law, your payments may be applied to what you owe Credit Union in any manner Credit Union chooses.

  • Other Allocations Except as otherwise provided in this Agreement, all items of Partnership income, loss, deduction, and any other allocations not otherwise provided for shall be divided among the Unit Holders in the same proportions as they share Profits or Losses, as the case may be, for the year.

  • Plan of Allocation 6.1 After the Settlement Effective Date, the Settlement Administrator shall cause the Net Settlement Amount to be allocated and distributed to Current Participants, Authorized Former Participants, and their Beneficiaries or Alternate Payees, in accordance with the Plan of Allocation set forth in this Article 6 and as ordered by the Court. 6.2 To be eligible for a distribution from the Net Settlement Amount, a person must be a Current Participant, an Authorized Former Participant, or a Beneficiary or Alternate Payee of such a person. 6.2.1 Current Participants shall receive their Settlement payments as contributions to one or more of their accounts in the Plans, as provided in Paragraph 6.4, unless the Current Participant is a Zero Account Balance Current Participant entitled to a payment by check in accordance with Paragraph 6.5. 6.2.2 Authorized Former Participants shall receive their Settlement payments in the form of a check, as provided in Paragraph 6.6 below. 6.2.3 Beneficiaries shall receive payments by check in amounts corresponding to their entitlement as beneficiaries of the Current Participant or of the Authorized Former Participant with respect to which the payment is made. Alternate Payees shall receive payments by check if and to the extent they are entitled to receive a portion of a Current Participant’s or Authorized Former Participant’s allocation under this Article 6 in accordance with the terms of the applicable Qualified Domestic Relations Order on file with the Plans’ recordkeepers. The Settlement Administrator shall have sole and final discretion to determine the amounts to be paid to Beneficiaries and Alternate Payees in accordance with the Plan of Allocation set forth in this Article 6 and as ordered by the Court, and the Settling Parties shall have no liability for such determinations.