Credit Equivalent Clause Samples
The Credit Equivalent clause defines how the potential credit exposure of certain financial transactions is calculated for risk assessment purposes. Typically, it outlines the method for converting off-balance-sheet items, such as derivatives or guarantees, into a standardized credit exposure amount, often using regulatory formulas or multipliers. This clause ensures that all parties have a clear and consistent basis for measuring credit risk, which is essential for compliance with regulatory requirements and for managing counterparty risk effectively.
Credit Equivalent. Aircraft Rescue Firefighters assigned to the normal forty-eight (48) hour week will be subject to the provisions mentioned above except that the charge for each consecutive on duty of scheduled vacation shall be as follows: Schedule Day Off Charge from Vacation Credits 1 3 2 5 3 7 4 9 5 11 6 14 7 15 8 18 9 20 10 22 11 24 12 26 13 28 14 30
Credit Equivalent. Employees covered herein on a three (3) platoon work schedule shall have vacation credits charged as follows for the total number of vacation days used in the calendar year: Scheduled Days Off Charge from Vacation Credits For employees on a platoon work schedule two (2) twelve (12) hour vacation periods, shall be added together to equal one (1) platoon vacation day. These days shall be added to any other vacation days and subtracted from the total credits as provided by the above schedule. Any additional vacation period of less than 24 hours shall be charged credits at the rate of 1/4 credit(s) for each two (2) hours of vacation taken.
Credit Equivalent. One (1) Semester Credit will equal One and a Half (1 ½) Quarter Credits. Salary Schedules A and B will reflect semester credit equivalence with BA, BA+10, BA+20, BA+30, MA, MA+10, MA+20.
Credit Equivalent. Course - means a course or program that is prescribed as a credit-equivalent course by regulations made under this section. This Letter of Understanding shall expire on August 31, 2004.
1. The Board agrees that no Teacher employed prior to September 30, 2001 shall be laid off during the 2001/2002, 2002/2003 and 2003/2004 school years.
2. The Board agrees that the length of the school year shall not exceed the minimum number of school days required by legislation or regulated by the Government in the Education Act or Regulations there under.