INCREMENT PURPOSES Sample Clauses

The "INCREMENT PURPOSES" clause defines the specific reasons or circumstances under which an increase—such as in funding, quantities, or obligations—may be made within the context of an agreement. Typically, this clause outlines the conditions that must be met for an increment to occur, such as achieving certain milestones, responding to unforeseen needs, or accommodating changes in project scope. By clearly specifying when and why increments are permitted, the clause helps prevent misunderstandings and ensures that any increases are justified and transparent, thereby managing expectations and reducing the risk of disputes.
INCREMENT PURPOSES. (1) Occasional assignment means an assignment for the same teacher teaching the same timetable for more than ten (10) consecutive teaching days. (2) Increments will be calculated in the normal manner i.e. assignments in one (1) school year are reflected in increments at the commencement of the next school year. Calculations shall be rounded to the nearest tenth. (3) It is the responsibility of the teacher claiming such increment credits to provide documentation of the occasional assignments.
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Related to INCREMENT PURPOSES

  • Minimum Amount of Each Borrowing The aggregate principal amount of each Borrowing of Loans shall not be less than the Minimum Borrowing Amount. More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than 15 Borrowings of Euro Rate Loans.

  • Minimum Amount of Each Borrowing; Maximum Number of Borrowings The aggregate principal amount of each Borrowing of Loans shall be in a multiple of $100,000 and shall not be less than the Minimum Borrowing Amount. More than one Borrowing may occur on any date; provided that at no time shall there be outstanding more than four (4) Borrowings of LIBOR Loans under this Agreement.

  • Application to Revolving Credit Loans With respect to each prepayment of Revolving Credit Loans, the Borrower may designate (i) the Types of Loans that are to be prepaid and the specific Borrowing(s) pursuant to which made and (ii) the Revolving Loans to be prepaid, provided that (y) each prepayment of any Loans made pursuant to a Borrowing shall be applied pro rata among such Loans; and (z) notwithstanding the provisions of the preceding clause (y), no prepayment of Revolving Loans shall be applied to the Revolving Credit Loans of any Defaulting Lender unless otherwise agreed in writing by the Borrower. In the absence of a designation by the Borrower as described in the preceding sentence, the Administrative Agent shall, subject to the above, make such designation in its reasonable discretion with a view, but no obligation, to minimize breakage costs owing under Section 2.11.

  • Minimum Amount of Each Advance Each Eurodollar Advance shall be in the minimum amount of $5,000,000 and in multiples of $1,000,000 if in excess thereof. Floating Rate Advances may be in any amount.

  • Repayment of Revolving Credit Advances The Borrower shall repay to the Agent for the ratable account of the Lenders on the Termination Date the aggregate principal amount of the Revolving Credit Advances then outstanding and all other unpaid Obligations.