Unused Credit Sample Clauses

Unused Credit. All earned time off must be taken before the expiration of twelve (12) months after the 29 date the earned time off day is earned. However, days earned up to the maximum accrual during 30 an anniversary year may be carried over into the succeeding anniversary year. At no time shall an 31 employee carry a balance of more than two (2) times their annual accrual.
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Unused Credit. (a) All earned time off must be taken before the expiration of twelve (12) months after the date 2 the earned time off day is earned. However, days earned up to the maximum accrual during an 3 anniversary year may be carried over into the succeeding anniversary year. At no time shall an 4 employee carry a balance of more than two (2) times their annual accrual. 5
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Unused Credit. If any employee does not use all or part of their ETO, the unused balance of ETO will continue to accrue from year to year. At the employee’s discretion, employees may choose to receive pay in exchange for unused ETO. The employee must request to be paid for any unused ETO ten or more working days before the date upon which they wish to exchange their ETO. Payments will be made on the first full pay period following the selected exchange date. On any anniversary of an employee’s seniority date, an employee shall not be permitted to carry forward more than the maximum number of ETO hours listed below: Seniority Maximum ETO hours < 5 years 244 5 – 10 years 286 10 – 15 years 352 15 – 20 years 380 20 – 25 416 > 25 456 If an employee has more than the maximum allowed ETO hours on the anniversary of their seniority date, the employee will be paid for the excess accrued and unused ETO. All payments in lieu of ETO shall be made at the employee’s Base Rate in effect at the time the ETO is exchanged, including shift premium where applicable.
Sample 1Sample 2
Unused Credit. (a) All earned time off must be taken before the expiration of twelve (12) months after the date 3 the earned time off day is earned. However, days earned up to the maximum accrual during an 4 anniversary year may be carried over into the succeeding anniversary year. At no time shall an 5 employee carry a balance of more than two (2) times their annual accrual. 6 (b) An employee may choose to be paid, upon written request, for a total of up to five ten (510) 8 earned time off days in any calendar year. An employee may request payment on two occasions 9 during the year: (1) on their anniversaryservice date; and (2) one other time during the calendar year 10 at the employee’s discretion. 11
Sample 1
Unused Credit. (a) All earned time off must be taken before the expiration of twelve (12) months after the date the earned time off day is earned. However, days earned up to the maximum accrual
Sample 1
Unused Credit. The Borrower shall pay to the Bank an ------------- unused credit fee on the average daily amount by which the Credit Limit exceeds the sum of outstanding Loans and Letter of Credit Obligations, computed on a quarterly basis in arrears on the last Business Day of each calendar quarter, based upon the daily utilization for such quarter, equal to .125% per annum. Such fee shall accrued from the date of the Second Amendment to this Agreement and shall be due and payable quarterly in arrears on the last Business Day of each calendar quarter, commencing on September 30, 1997 with the final payment to be made on the Maturity Date.
Sample 1
Unused Credit. If you have prepaid therapy and have remaining credit at the end of an intensive, any unused money may be transferred onto future sessions or simply held on your child’s account with no further charge (unless a cancellation fee applies as per above). • Refunds - A refund may be requested for any unused credit at any time following the completion of an intensive. A refund fee of 3% (of the amount to be refunded) will charged to cover admin and processing fees. For example, if you have $1000 in remaining credit that you would like refunded, a refund fee of $30 will apply. Refunds may take up to 30 days to be approved and applied. Please note that NAPA is only able to return funds to the source from where it was paid. • Being a registered NDIS Provider, NAPA is routinely audited by the NDIS. If you have had money returned to you by XXXX, that you had originally claimed or obtained from your child’s NDIS plan then we strongly suggest that you return these amounts to the NDIS to avoid action on their behalf.
Sample 1
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Unused Credit. On April 8, 1997, the Commitments shall reduce by an amount equal to the lesser of (i) $300,000,000 or (ii) the sum of: (a) the principal amount then outstanding (or if a revolving credit facility, then the maximum principal amount of credit then available) on (i) the Existing Super Food Debt and (ii) the Existing NF Term Debt; plus (b) the excess (if any) of (i) $180,000,000 over (ii) the aggregate cumulative principal amount of Acquisition Credit (excluding Refunding Borrowings) extended on or prior to such date.
Sample 1

Related to Unused Credit

  • Unused Line Fee On the first day of each month during the term of this Agreement, an unused line fee in an amount equal to 0.375% per annum times the result of (i) the Maximum Revolver Amount, less (ii) the sum of (A) the average Daily Balance of Advances that were outstanding during the immediately preceding month, plus (B) the average Daily Balance of the Letter of Credit Usage during the immediately preceding month,

  • Unused Commitment Fee Borrower shall pay to Bank a fee equal to ten-hundredths percent (0.10%) per annum (computed on the basis of a 360-day year, actual days elapsed) on the average daily unused amount of the Line of Credit, which fee shall be calculated on a calendar quarter basis by Bank and shall be due and payable by Borrower in arrears on the last day of each September, December, March and June.

  • Unused Revolving Line Facility Fee A fee (the “Unused Revolving Line Facility Fee”), payable quarterly, in arrears, on a calendar year basis, in an amount equal to one quarter of one percent (0.25%) per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and

  • Unused Fees For each day during the term hereof that the Applicable Rate is determined pursuant to clause (a) of the definition of Applicable Rate, the Borrower shall pay a fee to the Administrative Agent for the pro rata benefit of the Lenders in an amount equal to the Unused Fee for such day. The Unused Fee shall be payable quarterly in arrears on the first Business Day of each calendar quarter and as of the Revolving Maturity Date.

  • Unused Fee From and after the Closing Date, and during such times in which the Borrower does not have two (2) Investment Grade Ratings (and clause (a) of the definition of “Applicable Percentage” shall be applicable), the Borrower agrees to pay the Administrative Agent for the ratable benefit of the Lenders an unused fee (the “Unused Fee”) for each calendar quarter (or portion thereof) in an amount equal to (a) 0.35% (or 0.50% to the extent that as of the beginning of any day, the Outstanding Amount of Revolving Obligations (excluding the amount of any then-outstanding Swing Line Loans) is less than 50% of the Aggregate Revolving Commitments), multiplied by (b) the amount by which the Aggregate Revolving Commitments exceed the sum of the Outstanding Amount of Revolving Obligations (excluding the amount of any then-outstanding Swing Line Loans) as of the beginning of such day. To the extent applicable, the Unused Fee shall accrue at all times during the Commitment Period (and thereafter so long as Revolving Obligations shall remain outstanding), including periods during which the conditions to Extensions of Credit in Section 4.02 may not be met, and shall be payable quarterly in arrears on the last day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the Termination Date (and, if applicable, thereafter on demand); provided, that, pursuant to Section 2.15(a)(iii), (i) no Unused Fee shall accrue on the Commitment of a Defaulting Lender so long as such Lender shall be a Defaulting Lender and (ii) any Unused Fee accrued with respect to the Commitment of a Defaulting Lender during the period prior to the time such Lender became a Defaulting Lender and unpaid at such time shall not be payable by the Borrower so long as such Lender shall be a Defaulting Lender. The Administrative Agent shall distribute the Unused Fee to the Lenders pro rata in accordance with the respective Revolving Commitments of the Lenders.

  • Unused Facility Fee A quarterly Unused Facility Fee equal to one quarter of one percent (0.25%) per annum of the difference between the Revolving Line and the average outstanding principal balance of Advances during the applicable quarter, which fee shall be payable within five (5) days of the last day of each such quarter and shall be nonrefundable; and

  • Total Credit Award GO-Biz, upon approval by the Committee and conditioned upon the requirements set forth in this Agreement, will award Taxpayer a California Competes Tax Credit ("CCTC") in the amount of one hundred thousand dollars ($100,000.00) (“Credit”). Specifically, Taxpayer is receiving a CCTC against the “net tax” as defined in RTC section 17039, or the “tax” as defined in RTC section 23036, as applicable, pursuant to RTC section 17059.2 or 23689, as applicable.

  • Letter of Credit Fee Borrowers shall pay Agent (for the ratable benefit of the Revolving Lenders), a Letter of Credit fee (the “Letter of Credit Fee”) (which fee shall be in addition to the fronting fees and commissions, other fees, charges and expenses set forth in Section 2.11(k)) that shall accrue at a per annum rate equal to the LIBOR Rate Margin times the undrawn amount of all outstanding Letters of Credit.

  • Letter of Credit Fees, Etc (i) The Borrower shall pay to the Administrative Agent for the account of each Revolving Credit Lender a commission, payable in arrears quarterly, within 15 days of each March 31, June 30, September 30 and December 31, commencing March 31, 2017, and on the earlier to occur of (A) the full drawing, expiration, termination or cancellation of any Letter of Credit and (B) on the Termination Date for the Revolving Credit Facility applicable to such Lender, on such Revolving Credit Lender’s Pro Rata Share of the average daily aggregate Available Amount during such quarter of all Letters of Credit outstanding from time to time at a percentage per annum equal to the Applicable Margin for Eurodollar Rate Advances made by such Lender at such time. Upon the occurrence and during the continuance of a Default under Section 6.01(a) or 6.01(f) or an Event of Default, the amount of commission payable by the Borrower under this clause (b)(i) shall be increased by 2% per annum. (ii) The Borrower shall pay to each Issuing Bank, for its own account, a fronting fee, payable in arrears quarterly, within 15 days after each March 31, June 30, September 30 and December 31, commencing March 31, 2017 and on the earliest to occur of the full drawing, expiration, termination or cancellation of any Letter of Credit and, in the case of any Letter of Credit that is not a Special Letter of Credit, on the Termination Date for the Revolving Credit Facility applicable to such Lender, on the average daily aggregate Available Amount during such quarter of all Letters of Credit outstanding from time to time at a percentage per annum equal to 0.15% (as contemplated by the Fee Letters). (iii) The Borrower shall pay to each Issuing Bank, for its own account, such other commissions and issuance fees, and such customary transfer fees, amendment fees and other fees and charges in connection with the issuance or administration of each Letter of Credit issued by such Issuing Bank, including the administration of each Letter of Credit Agreement, as the Borrower and such Issuing Bank shall agree; provided that the fees of the type contemplated by clause (i) and (ii) of this Section 2.08(b) shall be exclusive of any similar fee that would otherwise be required to be paid under any such Letter of Credit Agreement.

  • Interest on Revolving Credit Advances Each Borrower shall pay interest on the unpaid principal amount of each Revolving Credit Advance made to such Borrower owing to each Lender from the date of such Revolving Credit Advance until such principal amount shall be paid in full, at the following rates per annum:

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