HIGHER RATE APPLICABLE Sample Clauses

HIGHER RATE APPLICABLE. The Employer agrees that any Employees who are employed on work specified in Article 6 who are re- quired to work within the territorial jurisdiction of any other Local Union covered by the terms of the Col- lective Agreement whose gross wage (i.e. wage rate, welfare and/or pension fund and vacation pay per- centage, etc.) are higher than those contained in the Local’s schedule, then the higher gross wage of the job site local will apply. All of the work covered by the terms and condi- tions of this Collective Agreement shall be performed by qualified Roofing Personnel recognized by the Lo- cal Union.
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HIGHER RATE APPLICABLE. The Employer agrees that any Employees who are employed on work specified in Article 6 who are re- quired to work within the territorial jurisdiction of any other Local Union covered by the terms of the Collect- ive Agreement whose gross wage (i.e. wage rate, wel- fare and/or pension fund and vacation pay percent- age, etc.) is higher than that contained in the Local’s schedule, then the higher gross wage of the job site local will apply. If the job site local’s gross wage rate is lower, than the higher gross wage of the member’s home local shall apply. Regardless of the location of the work being per- formed, any dues deductions and remittances re- quired by the provisions of this Collective Agreement shall be carried out as if the employee was working within the geographic jurisdiction of his home local. All of the work covered by the terms and condi- tions of this Collective Agreement shall be performed by qualified Roofing Personnel recognized by the Lo- cal Union.
Sample 1
HIGHER RATE APPLICABLE. The Employer agrees that any Employees who are employed on work specified in Article 6 who are required to work within the territorial jurisdiction of any other Local Union covered by the terms of the Collective Agreement whose gross wage (i.e. wage rate, welfare and/or pension fund and vacation pay percentage, etc.) are higher than those contained in the Local's schedule, then the higher gross wage of the job site local will apply. All of the work covered by the terms and conditions of this Collective Agreement shall be performed by qualified Roofing Personnel recognized by the Local Union.
Sample 1
HIGHER RATE APPLICABLE. The Employer agrees that any Employees who are employed on work specified in Article who are re- quired to work within the territorial jurisdiction of any other Local Union covered by the terms of the Col- lective Agreement whose gross wage (i.e. wage rate, welfare and/or pension fund and vacation pay per- centage, etc.) are higher than those contained in the Local’s schedule, then the higher gross wage of the job site local will apply. All of the work covered by the terms and conditions of this Collective Agreement shall be performed by qualified Roofing Personnel recognized by the Local Union.
Sample 1
HIGHER RATE APPLICABLE. The Employer agrees that any Employees who are employed on work specified in Article who are re- quired to work within the territorial jurisdiction of any other Local Union covered by the terms of the Col- lective Agreement whose gross wage wage rate, welfare pension fund and vacation pay percent- age, etc.) are higher than those contained in the Lo- cal’s schedule, then the higher gross wage of the job site local will apply. All of the work covered by the terms and conditions of this Collective Agreement shall be performed by qualified Roofing Personnel recognized by the Local Union.
Sample 1

Related to HIGHER RATE APPLICABLE

  • Interest Rate Risk 4.2.2.1 The price of a fixed rate bond will drop when the interest rate rises. If the bond to be sold before matures, the bond price may be less than the purchase price.

  • Base Rate The greater of (a) the fluctuating annual rate of interest announced from time to time by the Agent at the Agent’s Head Office as its “prime rate” or (b) one half of one percent (0.5%) above the Federal Funds Effective Rate. The Base Rate is a reference rate and does not necessarily represent the lowest or best rate being charged to any customer. Any change in the rate of interest payable hereunder resulting from a change in the Base Rate shall become effective as of the opening of business on the day on which such change in the Base Rate becomes effective, without notice or demand of any kind.

  • Interest Rate Limitation Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”). If the Administrative Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrower. In determining whether the interest contracted for, charged, or received by the Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable Law, (a) characterize any payment that is not principal as an expense, fee, or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder.

  • Interest Rates The Administrative Agent does not warrant, nor accept responsibility, nor shall the Administrative Agent have any liability with respect to the administration, submission or any other matter related to any reference rate referred to herein or with respect to any rate (including, for the avoidance of doubt, the selection of such rate and any related spread or other adjustment) that is an alternative or replacement for or successor to any such rate (including, without limitation, any Successor Rate) (or any component of any of the foregoing) or the effect of any of the foregoing, or of any Conforming Changes. The Administrative Agent and its affiliates or other related entities may engage in transactions or other activities that affect any reference rate referred to herein, or any alternative, successor or replacement rate (including, without limitation, any Successor Rate) (or any component of any of the foregoing) or any related spread or other adjustments thereto, in each case, in a manner adverse to the Borrower. The Administrative Agent may select information sources or services in its reasonable discretion to ascertain any reference rate referred to herein or any alternative, successor or replacement rate (including, without limitation, any Successor Rate) (or any component of any of the foregoing), in each case pursuant to the terms of this Agreement, and shall have no liability to the Borrower, any Lender or any other person or entity for damages of any kind, including direct or indirect, special, punitive, incidental or consequential damages, costs, losses or expenses (whether in tort, contract or otherwise and whether at law or in equity), for any error or other action or omission related to or affecting the selection, determination, or calculation of any rate (or component thereof) provided by any such information source or service.

  • Y-Rate The Board of Supervisors may adopt a Y-rate to apply to: (1) an employee who would suffer an actual decrease in salary as a result of action taken by the County, without fault or inability on the part of the employee, or (2) an employee who is changing from one (1) class series to another, as a normal consequent of career development through the County's upward mobility program, and the salary of the class the employee enters in the new class series is less than the salary the employee was receiving in the former class. A Y-rate means a salary rate, for an individual employee, which is greater than the established range for the class.

  • Market Disruption (a) If a Market Disruption Event occurs in relation to a Loan for any Interest Period, then the rate of interest on each Lender’s share of that Loan for the Interest Period shall be the percentage rate per annum which is the sum of:

  • Base Rates Attached to and made a part of this Agreement is Appendix A which sets forth the straight-time hourly rates for all employees covered by this Agreement.

  • Accrual Rate Compensatory time for employees will accrue at the rate of one and one-half hours for each one hour of overtime worked.

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