Rate Definitions Clause Samples

Rate Definitions. As used in this Section 2.4, the following terms shall have the following meanings (such meanings to be equally applicable to both the singular and plural forms of the terms defined).
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Rate Definitions. The "Alternate Reference Rate" means, on any date, a fluctuating rate of interest per annum equal to the higher of
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Rate Definitions. The "Alternate Reference Rate" means, on any date, a fluctuating rate of interest per annum equal to the higher of (a) the rate of interest most recently announced by BofA at its principal office in Charlotte, North Carolina as its reference rate; and (b) the Federal Funds Rate (as defined below) most recently determined by BofA plus 1.0% per annum. For purposes of this definition, "Federal Funds Rate" means, for any day, the average of (i) the rates per annum as determined by the applicable Bank Purchaser at which overnight Federal funds are offered to such Bank Purchaser for such day by major banks in the interbank market, and (ii) if the applicable Bank Purchaser is borrowing overnight funds from a Federal Reserve Bank that day, the rates per annum at which such overnight borrowings are made on that day. Each determination of the Federal Funds Rate by the applicable Bank Purchaser shall be conclusive and binding on the Seller except in the case of manifest error. The Alternate Reference Rate is not necessarily intended to be the lowest rate of interest determined by the Administrative Agent or the Bank Purchasers in connection with extensions of credit.
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Rate Definitions. The "ALTERNATE REFERENCE RATE" means, on any date, a fluctuating rate of interest PER ANNUM equal to the higher of
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Rate Definitions. The Company reserves the right to establish the quota of personsrequired in each classification. Rate 1 All employees within the first thirty (30) days worked of probationary employment.
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Related to Rate Definitions

  • – SCOPE & DEFINITIONS 2.01 The Employer recognizes the Union as the bargaining agent for all Registered and Graduate nurses employed by Foyer des Pionniers, at Hearst, Ontario, engaged in a nursing capacity, save and except the Director of Nursing and persons above the rank of Director of Nursing. (a) A full-time employee shall mean an employee covered by this Agreement who is committed to and regularly works the full work period of seventy- five (75) bi-weekly hours, exclusive of overtime. (b) A regular part-time employee is one who is committed to and regularly works less than the full prescribed bi-weekly hours of work. (c) A casual part-time employee means an employee who is called to work on a call in basis, but who does not work a regular schedule, or does so only for a specified period. Such employee has the option of refusing work when it is made available to her, however, it is also understood that a casual part-time employee cannot unreasonably or consistently refuse to work shifts. 2.03 Whenever the feminine pronoun is used in this agreement, it includes the masculine pronoun, where the context so requires and vice-versa. Where the singular is used, it may also be deemed to mean the plural and vice-versa.

  • Special Definitions For purposes of this Section, the following specialized terms will have the following meanings:

  • FTE Definition Part-time teacher FTE will be determined by the ratio of the teacher’s actual assignable time to the teacher assignable time of a full-time assignment in the teacher’s school. This FTE will be used to calculate the maximum prorated portion of a teacher’s instructional time.

  • Overtime Definition Overtime shall be defined as being all hours worked in excess of the normal or standard work day, or in excess of the normal or standard work week. The overtime rate shall be one and one-half (1½) times the regular straight time hourly rate of pay. NOTE: Article 16.04 is applicable to full-time employees only.

  • Financial definitions In this Agreement: