PABs Interest Rate Protection Sample Clauses

PABs Interest Rate Protection. (A) (1) The Department will bear the risk and have the benefit of the first 25bps of change in PABs Interest Rate (either positive or negative) from the Benchmark PABs Interest Rate and (2) the Department and the Concessionaire will equally share the risk and the benefit in any change between 25bps and 100bps in the PABs Interest Rate (either positive or negative) from the Benchmark PABs Interest Rate to the actual PABs Interest Rate applicable to the PABs issued as of the Financial Close Date, and (3) the Concessionaire will bear the risk and have the benefit of any change in excess of 100 bps in PABs Interest Rate (either positive or negative) from the Benchmark PABs Interest Rate.
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Related to PABs Interest Rate Protection

  • Income Protection All workers will be covered by the extended Incolink Leisure Time Insurance and Income protection Scheme which provides defined weekly payments ($500 per week to workers with dependants, $400 per week to workers without dependants) for up to a maximum 104 weeks in the event of an extended work absence arising from any personal illness or injury (whether or not work related). The costs of this benefit will be shared between Incolink and the company on a 30/70 basis. Agreed premium costs will be: Incolink - $2.10 per week/worker Employer - $4.90 per week/worker It is a condition of the company’s agreement to provide this benefit that premium costs be maintained at not more than the February 1998 equivalent. In the event of premium costs escalating, the parties are agreed that the benefits table will be revised downwards so as to contain premium costs within the agreed limits. To maintain this cover the company agrees to pay the amounts every week for each employee. In the event the company does not maintain the above policy, the company will be liable in full to pay equivalent benefits to an employee who meets eligibility criteria as set out in the policy document.

  • NEGATIVE BALANCE PROTECTION 15.1. We provide you with “negative balance protection” for your Account. This means that your losses can never exceed your Equity.

  • PICKET LINE PROTECTION 1. All employees covered under this Agreement have the right to refuse to cross or work behind a picket line unless same is declared illegal by the Labour Relations Board.

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