Availability of Credit Hours Sample Clauses

Availability of Credit Hours. The Parties understand and agree that FWA will be initiated by the employee. In contrast, the parties understand and agree that the Agency initiates overtime and compensatory time. A flextime schedule with credit hours will be available for all full-time and part-time ROQP employees. Workdays of twelve (12) hours duration will be established for ROQP employees, the flexible bands start at 6 a.m. and end at 6 p.m. Core hours will be from 9:30 a.m. to 2:30 p.m. Flexible bands will be from 6:00 a.m. to 9:30 a.m. and from 2:30 p.m. to 6 p.m. For employees working a flexible 5/4/9 work arrangement, the flexible band start time is 6 a.m. to 8:30 a.m. Employees who work a flexible 5/4/9 work arrangement must arrange their schedule so that they can complete their nine and one-half (9 1/2) hour work schedule by the end of the workday as provided above. Holidays and premium pay for flexible schedules will be consistent with law and this appendix. Employees working a flexible 5/4/9 work arrangement will not be eligible to earn credit hours as described in this Appendix. Special Circumstances On days that in office training and/or meetings are scheduled, employees will arrange their time of arrival so as to be present for such training and/or meetings.
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Related to Availability of Credit Hours

  • Credit Hours 1. Definition a. Those hours within a flexible work schedule in excess of the employee’s daily tour of duty which are performed at the employee’s option with the approval of his/her supervisor, so as to vary the length of a succeeding workday or workweek. Employees cannot be required to work credit hours in lieu of overtime. b. Employees on a flexible work schedule will not be precluded from earning credit hours based solely on their position.

  • Undrawn Availability After giving effect to the initial Advances hereunder, Borrowers shall have Undrawn Availability of at least $10,000,000;

  • FUNDING AVAILABILITY This Contract is contingent upon the continued availability of funding. If funds become unavailable through the lack of appropriations, legislative or executive budget cuts, amendment of the Appropriations Act, state agency consolidation, or any other disruptions of current appropriations, DFPS will reduce or terminate this Contract.

  • Revolving Line of Credit (a) The Bank hereby establishes in favor of the Borrower a revolving line of credit (the “Line of Credit”). The Borrower shall be entitled to borrow, repay and reborrow funds under the Line of Credit in accordance with the terms hereof so long as the total principal amount owed to the Bank under the Line of Credit does not exceed $25,000,000.00 (or such lesser amount as is set forth herein) during the Revolving Period. The Bank’s obligation to make advances hereunder shall terminate at the expiration of the Revolving Period. (b) The Borrower’s indebtedness under the Line of Credit shall be evidenced by a promissory note (as amended, extended or renewed from time to time, the “Line of Credit Note”) of even date herewith executed by the Borrower in favor of the Bank in the original principal amount of $25,000,000.00. The Line of Credit Note shall bear interest at the rate set forth therein and shall be payable as set forth therein. (c) The Bank shall make each advance under the Line of Credit upon written or telephonic notice from the Borrower to the Bank requesting an advance. The notice shall specify the date for which the advance is requested (which must be a Business Day) and the amount of the advance. The Bank must receive the notice prior to 12:00 noon (Eastern time) on the Business Day of the advance. Alternatively, the Borrower may request advances by drawing checks on a deposit account that is linked to the credit facility hereunder in accordance with disbursement arrangements that are mutually satisfactory to the parties. The Bank will make each requested advance available to the Borrower not later than the close of business on the Business Day of the request by crediting the Borrower’s account maintained with the Bank in the amount of the advance if as of such time: (i) the Bank’s obligation to make advances hereunder has not terminated or expired; (ii) a Default or Event of Default has not occurred; and (iii) all conditions to the advance set forth herein or in any other Loan Documents have been satisfied. The Bank may rely upon any written or telephonic notice given by any person that the Bank in good faith believes is an authorized representative of the Borrower without the necessity of any independent investigation. If any telephonic notice conflicts with a written confirmation, the telephonic notice shall govern if the Bank has acted in reliance thereon. (d) For purposes hereof, the term “Revolving Period” shall mean a period commencing on the date hereof and terminating on March 18, 2007.

  • Termination of Credit Facility (a) The Credit Facility shall terminate upon the earliest to occur of: (i) the termination of the Credit Facility in accordance with Section 13.1; (ii) the date on which the Credit Facility has been permanently reduced to zero pursuant to Section 2.3; and (iii) the Maturity Date. (b) Upon the termination of the Credit Facility, the right of the Borrower to obtain any credit thereunder and all of the obligations of the Lenders to extend credit thereunder shall automatically terminate.