Applicable Daily Rate definition

Applicable Daily Rate means the prime rate as in effect from time to time at the American National Bank, Chicago, Illinois, plus 4%, divided by 360.
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Applicable Daily Rate means the prime rate as in effect from time to time at Xxxxx Fargo Bank, National Association, plus 2%, divided by 360.
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Applicable Daily Rate means the prime rate as in effect from time to time
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Examples of Applicable Daily Rate in a sentence

  • All working hours or fractions thereof after fourteen (14) hours of work shall be paid at one-eighth (1/8th) the Applicable Daily Rate per hour.

  • The Applicable Rate is: [Contract Period] and the Applicable Daily Rate is the Applicable Rate divided by the number of Days in the Contract Period.

  • Notwithstanding the effect of a Capacity Transfer pursuant to Clause 9.2 of the GTCs, the Capacity Charge payable by the Customer in respect of each Day of the Contract Period shall be the Applicable Daily Rate (in pence per therm) multiplied by the Customer’s Space (in therms) for that Day.

  • So far, the PRSP has had little impact in this area, although the approach of a technical commission, drawn from various groups, that was used to formulate tax reform proposals may be one avenue worth exploring further.

  • For those who do not work and are not considered paid on Sundays or rest days Applicable Daily Rate x 314 = EEMR12 where 314 days/ year = 300 ordinary working days11 regular holidays3 special days ( if considered paid; if actually worked, this isequivalent to 3.9 days)____314 Total equivalent number of days in a year 5 3.

  • To compute their Estimated Equivalent Monthly Rate (EEMR), the procedure is as follows: Applicable Daily Rate x 365 = EEMR12 where 365 days/ year = 300 ordinary working days51 rest days 211 regular holidays3 special days____365 Total equivalent no.

  • For those required to work everyday including Sundays or rest days, special days and regular holidays Applicable Daily Rate x 393.80 days = EMR 12 Where:297 = ordinary working days67.60=52 Rest days x 130%24=Regular holidays 5.20 = Special holidays2393.80 = total equivalent no.

  • Step 5: Determine Applicable Daily Rate Compare $110.00 with the amounts found in Steps 1 and 4.

  • Amend TDIIC 25.4.3(b) (b) the Entry Transmission Services Revenue Recovery Charge for each Interconnection Point shall be calculated as such User's Fully-Adjusted Available NTS Entry Capacity (Excluding Existing Available Holding) multiplied by the Applicable Daily Rate determined in accordance with paragraph 25.3. Deleted: for Storage Connection PointsDeleted: in the case of Storage Site Points 26.

  • For those who do not work and not considered paid on Saturdays and Sundays Applicable Daily Rate x 261 days3 = EMR 12 Where:245 = ordinary working days4 = Special holidays (if considered paid; if actually worked, equivalent to 5.20 days)261 = total equivalent no.


More Definitions of Applicable Daily Rate

Applicable Daily Rate means the rate of 5% per month divided by 30.
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Applicable Daily Rate means: in respect of System Capacity, the Applicable Daily Rate (in pence per kWh/Day) of the relevant Capacity Charge; in respect of Storage Space, the Applicable Storage Space Charge Rate (in pence per kWh of Storage Space for a Storage Year) divided by 365; in respect of Storage Deliverability, the Applicable Storage Deliverability Charge Rate (in pence per kWh/Day of Storage Deliverability for a Storage Year) divided by 365; and in respect of Storage Injectability, the Applicable Storage Injectability Charge Rate (in pence per kWh/Day of Storage Injectability for a Storage Year) divided by 365;
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Related to Applicable Daily Rate

  • Daily Rate means the rate specified as such in the Reference Rate Terms.

  • Daily Rate Period means any period of time during which a Group of 2023 Series B Variable Rate Bonds bears interest at the Daily Rate.

  • Applicable Revolver Index Margin means the per annum interest rate margin from time to time in effect and payable in addition to the Index Rate applicable to the Revolving Loan, as determined by reference to Section 1.5(a).

  • Applicable Commitment Fee Rate means the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Commitment Fee.”

  • Alternative Currency Daily Rate means, for any day, with respect to any Credit Extension:

  • Applicable LIBOR Margin means the per annum interest rate from time to time in effect and payable in addition to the LIBOR Rate applicable to the Revolving Loan, as determined by reference to Section 1.5(a).

  • Applicable Treasury Rate means the weekly average for each Business Day during the most recent week that has ended at least two Business Days prior to the redemption date of the yield to maturity at the time of computation of United States Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H. 15 (or, if such statistical release is not so published or available, any publicly available source of similar market data selected by the Company in good faith)) most nearly equal to the period from the redemption date to May 1, 2022; provided, however, that if the period from the redemption date to May 1, 2022 is not equal to the constant maturity of a United States Treasury security for which a yield is given, the Applicable Treasury Rate shall be obtained by linear interpolation (calculated to the nearest one-twelfth of a year) from the yields of United States Treasury securities for which such yields are given, except that if the period from the redemption date to such applicable date is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year shall be used.

  • Applicable Facility Fee Rate means, at any time, the percentage rate per annum at which Facility Fees are accruing on the Aggregate Commitment at such time as set forth in the Pricing Schedule.

  • Applicable Utilization Fee Rate means, as of any date, the percentage rate per annum at which Utilization Fees accrue on all Revolving Credit Advances at such time as set forth in the Pricing Schedule.

  • daily rate of pay means an employee's weekly rate of pay divided by five (5);

  • Facility Fee Rate means a rate per annum determined in accordance with the Pricing Schedule.

  • Applicable LIBOR Rate Margin means the following per annum percentages, applicable in the following situations:

  • Applicable Advance Rate For each Collateral Obligation and for the applicable number of Business Days between the certification date for a sale or participation required by Section 9.4 and the expected date of such sale or participation, the percentage specified below: Senior Secured Loans with a Market Value of: 90% or more of par 100 % 93 % 92 % 88 % Below 90% of par 100 % 80 % 73 % 60 % Other Collateral Obligations with a Xxxxx’x Rating of at least “B3” and a Market Value of 90% or more of par 100 % 89 % 85 % 75 % All other Collateral Obligations 100 % 75 % 65 % 45 %

  • Weekly Rate means the rate of interest on a Group of 2024 Series A Variable Rate Bonds described in Section 301 of Appendix A hereto.

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: II 10.0 V 17.5

  • Applicable Base Rate Margin means, on any day, a rate per annum equal to the higher of (a) the Applicable Eurocurrency Margin for such day minus 1.00% and (b) 0.00%.

  • Compounded Daily Reference Rate means, with respect to an Interest Period, the rate of return of a daily compound interest investment in the Specified Currency (with the applicable Reference Rate (as indicated in the applicable Final Terms and further provided for below) as the reference rate for the calculation of interest) and will be calculated by the Principal Paying Agent on the relevant Interest Determination Date, as follows, and the resulting percentage will be rounded, if necessary, to the Relevant Decimal Place:

  • Applicable Reference Rate means, collectively or individually, Term SOFR, Daily Compounded XXXXX, XXXXX or the EURIBOR Rate.

  • Applicable Prime Rate Margin shall have the meaning provided in section 2.7(g).

  • Applicable Unused Commitment Fee Rate means 0.50% per annum.

  • Applicable Pricing Level means, (a) for the Initial Pricing Period, Pricing Level II, and (b) thereafter, the pricing level set forth below opposite the Debt Rating achieved by Borrower as of the first day of that Pricing Period: I Greater than or equal to Aa3 / AA- II Less than Aa3 / AA- but greater than or equal to A1/A+ III Less than A1/A+ but greater than or equal to A2/A IV Less than A2/A but greater than or equal to A3/A- V Less than A3/A- provided that in the event that the then prevailing Debt Ratings are “split ratings”, Borrower will receive the benefit of the higher Debt Rating, unless the split is a “double split rating” (in which case the pricing level applicable to the middle Debt Rating will apply) or a “triple split rating” (in which case the pricing level applicable to the Debt Rating above the Debt Rating applicable to the lowest pricing level will apply). For purposes hereof, a Debt Rating is only a “split rating” if the Debt Rating applies to a different pricing level.

  • Applicable Letter of Credit Fee Rate means the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Letter of Credit Fee.”

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation Balance.

  • Fee Rate means initially 0.25% per annum, which shall be subject to increase by 0.25% per annum for each Week in respect of which any Failure has occurred and is continuing.

  • Money Market Yield means a yield (expressed as a percentage) calculated in accordance with the following formula: Money Market Yield = D x 360 x 100 where “D” refers to the applicable per annum rate for commercial paper quoted on a bank discount basis and expressed as a decimal, and “M” refers to the actual number of days in the applicable Interest Reset Period.

  • Applicable ABR Margin means, at any date: