UNAVAILABLE INTEREST PERIODS Sample Clauses

UNAVAILABLE INTEREST PERIODS. Without limiting the terms of Section 2.08(d), if any Lender determines that for any reason fair and adequate means do not exist for establishing a particular LIBOR Rate with an Applicable Interest Period of less than one month or that accruing interest on any Committed Loan at a LIBOR Rate for an Applicable Interest Period of less than one month by such Lender has become unlawful or is contrary to any internal policies (of general application) of such Lender, such Lender may give notice of that fact to the Agent and the Borrower and such determination shall be conclusive and binding absent manifest error. After such notice has been given and until such Lender notifies the Borrower and the Agent that the circumstances giving rise to such notice no longer exist, the LIBOR Rate shall no longer be available in respect of Committed Loans for Applicable Interest Periods of less than one month. Thereafter, any request by the Borrower to have interest accrue on a Committed Loan at a LIBOR Rate for an Applicable Interest Period of less than one month shall be deemed to be a request for interest to accrue at the Base Rate. If the circumstances giving rise to the notice described herein no longer exist, the Lender shall notify the Borrower and Agent in writing of that fact, and the Borrower shall then once again become entitled to request that such a LIBOR Rate apply to the Committed Loans for Applicable Interest Periods of less than one month in accordance with Section 2.08(b) hereof.
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Related to UNAVAILABLE INTEREST PERIODS

  • Interest Periods In connection with each LIBOR Rate Loan, the Borrower, by giving notice at the times described in Section 3.1(a), shall elect an interest period (each, an "Interest Period") to be applicable to such Loan, which Interest Period shall be a period of one (1), two (2), three (3) or six (6) months with respect to each LIBOR Rate Loan; provided that:

  • Rest Periods Employees working a full shift will receive one rest period of fifteen (15) minutes in each half of the shift. Employees working less than a full shift, but a minimum of four (4) hours will receive one fifteen (15) minute rest period.

  • Rest Period An employee who works overtime shall have at least a ten hour rest period between the end of ordinary hours on any one day and start of ordinary hours on the next day. If on the instructions of the employer, the employee resumes or continues work without having had 10 consecutive hours off duty, the employee shall be paid double time until he or she is released from duty for ten hour rest period. The employee shall then be entitled to be absent without loss of pay for ordinary working hours occurring during the ten hour rest period. In the case of shift workers, eight hours shall be substituted for ten hours when overtime is worked:

  • Paid Rest Periods All Employees shall be given a paid rest period of fifteen (15) minutes in the first and second half of their daily shift in an area made available by the Employer. If mutually agreed to between the parties, the two (2) rest periods shall be combined.

  • Meal/Rest Periods All nurses shall receive an unpaid meal period of one-half (1/2) hour. Nurses required to remain on duty or in the Hospital during their meal period shall be compensated for such time at the appropriate rate of pay. All nurses shall receive one (1) fifteen

  • Meal Periods and Rest Periods (a) Regular hours of work shall include, as scheduled by the Employer, two (2) rest periods of fifteen (15) minutes during each shift of seven and three- quarter (7 3/4) hours and exclude an unpaid meal period of not less than thirty (30) minutes.

  • Additional Rest Periods When an employee performs authorized overtime work of at least three (3) hours duration, the Hospital will schedule a rest period of fifteen (15) minutes duration.

  • Overtime Rest Periods If an employee is assigned one (1) or more hours of overtime work contiguous to his/her regular workshift or is called back within one (1) hour of his/her scheduled quitting time, the Agency will provide a fifteen (15) minute rest period after two (2) hours of overtime completed.

  • Rest Period After Overtime (a) When overtime work is necessary, it will, wherever reasonably practicable, be so arranged that employees have at least 10 consecutive hours off duty between the work of successive days or shifts, including overtime.

  • Article Rest Periods Employees shall be entitled, subject to the exigencies of patient care, to relief periods during the shift on the basis of minutes for each hours worked.

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