Use of Credit Hours Clause Samples

The 'Use of Credit Hours' clause defines how credit hours may be utilized or applied within the context of an agreement, such as for training, consulting, or other services. It typically outlines the types of activities or services that credit hours can be redeemed for, any restrictions on their use, and the process for scheduling or allocating those hours. This clause ensures both parties have a clear understanding of how purchased or allocated credit hours can be used, thereby preventing misunderstandings and ensuring that the client receives the intended value from their credits.
Use of Credit Hours. Use of credit hours may be requested by submitting a form SSA-71 or equivalent. The employee will check the block to the left of "other" and write out "credit hours." Credit hours can be used in lieu of, or together with, approved leave and/or compensatory time.
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Use of Credit Hours. Credit hour leave requests shall be approved/disapproved in accordance with RD Instruction 2066-A, “Leave”, dated February 23, 1990, and any of this regulations subsequent updates.
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Use of Credit Hours. Credit hours can be used in lieu of, or together with, approved leave and/or compensatory time.
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Use of Credit Hours. (a) The use of credit hours must be scheduled and approved in advance like any other absence from work. The employee will be released from work unless there are work-related reasons. Normally, ordinary workload will not preclude this release. Release procedures are subject to local level negotiations. (b) Credit hours may be earned and used within the same biweekly pay period, but credit hours must be earned before they can be used. (c) Credit hours may be used during core hours. (d) Employees cannot be forced to use credit hours. (e) A maximum of 24 hours may be used as a credit hour carry-over from one pay period to another with flexible work schedules. Employees on part-time tours may carry over credit hours on a prorated basis of one-fourth of their part-time tour hours.
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Related to Use of Credit Hours

  • Use of Credit Neither the Borrower nor any of its Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying Margin Stock, and no part of the proceeds of any extension of credit hereunder will be used to buy or carry any Margin Stock.

  • Revolving Line of Credit (a) Upon the terms and conditions (including, without limitation, the right of the Lender to decline to make any Loan so long as any Default or Event of Default exists) and relying on the representations and warranties contained in this Agreement, the Lender agrees, during the Commitment Period, to make Loans, in immediately available funds at the Applicable Lending Office or the Principal Office, to or for the benefit of the Borrower, from time to time on any Business Day designated by the Borrower following receipt by the Lender of a Borrowing Request; provided, however, no Loan shall exceed the then existing Available Commitment. (b) Subject to the terms of this Agreement, during the Commitment Period, the Borrower may borrow, repay, and reborrow and convert Loans of one type or with one Interest Period into Loans of another type or with a different Interest Period. Each borrowing, conversion, and prepayment of principal of Loans shall be in an amount at least equal to $100,000. Each borrowing, prepayment, or conversion of or into a Loan of a different type or, in the case of a LIBO Rate Loan, having a different Interest Period, shall be deemed a separate borrowing, conversion, and prepayment for purposes of the foregoing, one for each type of Loan or Interest Period. Anything in this Agreement to the contrary notwithstanding, the aggregate principal amount of LIBO Rate Loans having the same Interest Period shall be at least equal to $100,000; and if any LIBO Rate Loan would otherwise be in a lesser principal amount for any period, such Loan shall be a Floating Rate Loan during such period. (c) The Loans shall be made and maintained at the Applicable Lending Office or the Principal Office and shall be evidenced by the Note.

  • Extension of Credit For the purposes hereof, each drawdown, rollover and conversion shall be deemed to be an extension of credit to the Borrower hereunder.

  • All Credit Extensions The obligation of each Lender and each Issuer to make any Credit Extension shall be subject to the satisfaction of each of the conditions precedent set forth below.