Period Substitution Rate Sample Clauses

The Period Substitution Rate clause defines the method for determining an alternative interest rate when the original reference rate for a specific period becomes unavailable or is discontinued. In practice, this clause outlines the process for selecting a substitute rate, which may involve referencing a pre-agreed fallback rate, a rate determined by a designated party, or a rate published by an authoritative body. Its core function is to ensure continuity and certainty in financial contracts by providing a clear mechanism for rate replacement, thereby minimizing disruption and disputes when the original rate cannot be used.
Period Substitution Rate. In the event a regular substitute is unavailable, the principal may request a Member to serve as a period substitute so as to provide coverage of all classes. That Member shall have the right to: A. Refuse the substitution; B. Take the substitution and be compensated at the hourly rate set forth in 9.3 (D), paid in quarter hour increments or fraction thereof and submitted on the appropriate form. No Teacher, including any state and federal entitlement program Teachers, may substitute unless they are using their conference/planning period or other non-student contact time. C. If a special area class is cancelled, the regular classroom Teacher will receive the period sub rate due to the loss of the conference/planning period.
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Period Substitution Rate. In the event a regular substitute is unavailable, the principal may request a bargaining unit member to serve as a period substitute. For elementary classes, a period shall be considered up to forty-five (45) minutes. For all other grade levels, the period shall be as defined by the teacher’s class schedule. A period substitute may provide coverage to a class which has been combined from more than one (1) absent teachers' classes. That member has the right to: 1. Refuse the substitution; or 2. Take the substitution and be compensated at sixteen dollars ($16) per period. The principal shall provide a signed form authorizing the period substitute to substitute for the teacher. A copy of this form shall be presented to the Board Treasurer for payment. No member may substitute unless he/she is using his/her conference period.
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Period Substitution Rate. In the event a regular substitute is unavailable, the principal may request a bargaining unit member to serve as a period substitute. For elementary classes, a period shall be considered up to forty-five
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Related to Period Substitution Rate

  • Annual Percentage Rate Each Receivable has an APR of not more than 25.00%.

  • Performance Adjustment Rate Except as otherwise provided in sub-paragraph (e) of this paragraph 3, the Performance Adjustment Rate is 0.02% for each percentage point (the performance of the Portfolio and the Index each being calculated to the nearest .01%) that the Portfolio's investment performance for the performance period was better or worse than the record of the Index as then constituted. The maximum performance adjustment rate is 0.20%. For purposes of calculating the performance adjustment of the portfolio, the portfolio's investment performance will be based on the performance of the retail class. The performance period will commence with the first day of the first full month following the retail class's commencement of operations. During the first eleven months of the performance period for the retail class, there will be no performance adjustment. Starting with the twelfth month of the performance period, the performance adjustment will take effect. Following the twelfth month a new month will be added to the performance period until the performance period equals 36 months. Thereafter the performance period will consist of the current month plus the previous 35 months. The Portfolio's investment performance will be measured by comparing (i) the opening net asset value of one share of the retail class of the Portfolio on the first business day of the performance period with (ii) the closing net asset value of one share of the retail class of the Portfolio as of the last business day of such period. In computing the investment performance of the retail class of the Portfolio and the investment record of the Index, distributions of realized capital gains, the value of capital gains taxes per share paid or payable on undistributed realized long-term capital gains accumulated to the end of such period and dividends paid out of investment income on the part of the Portfolio, and all cash distributions of the securities included in the Index, will be treated as reinvested in accordance with Rule 205-1 or any other applicable rules under the Investment Advisers Act of 1940, as the same from time to time may be amended.

  • Contract Amount Compensation amount(s), when stated in this Bid Specifications, shall not be construed as either the maximum or minimum amount which Department shall be obligated to accept as the result of this Bid Specifications or any Agreement entered into as a result of this Bid Specifications.

  • Inability to Determine Applicable Interest Rate In the event that Administrative Agent shall have determined (which determination shall be final and conclusive and binding upon all parties hereto), on any Interest Rate Determination Date with respect to any Eurodollar Rate Loans, that by reason of circumstances affecting the London interbank market adequate and fair means do not exist for ascertaining the interest rate applicable to such Loans on the basis provided for in the definition of Adjusted Eurodollar Rate, Administrative Agent shall on such date give notice (by telefacsimile or by telephone confirmed in writing) to Borrower and each Lender of such determination, whereupon (i) no Loans may be made as, or converted to, Eurodollar Rate Loans until such time as Administrative Agent notifies Borrower and Lenders that the circumstances giving rise to such notice no longer exist, and (ii) any Funding Notice or Conversion/Continuation Notice given by Borrower with respect to the Loans in respect of which such determination was made shall be deemed to be rescinded by Borrower.

  • Spread; Spread Multiplier; Index Maturity The “Spread” is the number of basis points (one one-hundredth of a percentage point) specified on the face hereof to be added to or subtracted from the related Interest Rate Basis or Interest Rate Bases applicable to this Note. The “Spread Multiplier” is the percentage specified on the face hereof of the related Interest Rate Basis or Interest Rate Bases applicable to this Note by which the Interest Rate Basis or Interest Rate Bases will be multiplied to determine the applicable interest rate. The “Index Maturity” is the period to maturity of the instrument or obligation with respect to which the related Interest Rate Basis or Interest Rate Bases will be calculated.