Regular Line definition
Examples of Regular Line in a sentence
Any changes in the Regular Line of Credit Interest Rate resulting from a change in the Prime Rate shall take effect without notice at the time the Prime Rate is set.
At the end of any Line of Credit Applicable Interest Period, the interest rate will revert to the Regular Line of Credit Interest Rate, unless Borrower has designated another Optional Line of Credit Interest Rate for that Line of Credit LIBO Rate Portion.
Regular Line Holder A regular line holder shall be removed from a trip(s) in conflict with his vacation period (as awarded or slid) or vacation expansion.
If a transaction results in less hours flown (that is, the Flight Attendant drops more hours than she/he picks up and falls below his/her monthly guarantee), the Regular Line Holder’s minimum monthly guarantee will be reduced by the net loss of hours.
A Regular Line Holder may mutually trade, including a one-way trade, with another Regular Line Holder as long as it does not cause the Flight Attendant to fall below thirty-seven hours and thirty minutes (37:30).
Interest on advances on the Line of Credit shall accrue at the Prime Rate plus one quarter percent (P+0.25%) per annum in effect from time to time (the "Regular Line of Credit Interest Rate").
Instead of the Regular Line of Credit Interest Rate, Borrower may elect to have up to five (5) advances on the outstanding principal balance of the Line of Credit (each a "Line of Credit LIBO Rate Portion") during the Line of Credit Availability Period bear interest at the LIBO Rate, as defined below, plus two and three-quarters percent (L+2.75%) (the "Optional Line of Credit Interest Rate") during an interest rate period designated by Borrower (the "Line of Credit Applicable Interest Period").
Example 1 - Regular Line Holder A Full-time Flight Attendant is awarded a regular line with seventeen (17) scheduled work days, and thirteen (13) days off.
Regular Line Holder A regular line holder shall be removed from a trip(s) in conflict with the pilot’s vacation period (as awarded or slid) or vacation expansion.
Example 2 - Regular Line Holder A Full-time Flight Attendant is awarded a regular line with seventeen (17) scheduled work days, and thirteen (13) days off.