Applicable Hourly Rate definition

Applicable Hourly Rate means the straight time rate per hour provided under Schedules 'F' and 'G' and applicable to the work an employee is performing at any time, but does not include holiday pay, Sunday premium, shift premium or overtime premium.
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Applicable Hourly Rate means the hourly rate of the officers and employees of the Servicer as set forth on Exhibit A.
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Applicable Hourly Rate means the employee’s basic hourly rate plus, to the extent applicable, any premium that applies under Article 5.
Sample 1

Examples of Applicable Hourly Rate in a sentence

  • Where: AHR = Applicable Hourly Rate (defined above) EOC = Estimated Operating Costs per hour (from the Blue Book) All time allowed shall fall within the working hours authorized for the extra work.

  • The hourly rate of pay for all work after 8 work hours shall be three (3) times the Applicable Hourly Rate.

  • The hourly rate of pay for all work after twelve (12) work hours shall be two and one half (2.50) times the Applicable Hourly Rate.

  • The hourly rate of pay for all work after twelve (12) workhours shall be three (3) times the Applicable Hourly Rate.

  • Applicable Hourly Rate" is the rate of pay, whether regular/base rate or time and one-half, which applies to the work in question.

  • The Servicer shall, at its cost and expense, cooperate with (based upon reasonable requests by) the Collateral Agent, the Borrower and the Lender to effect any such sale, provided, that, if such sale does not close, the Servicer shall be promptly paid, as additional servicing fee, according to the Applicable Hourly Rate for such cooperation.

  • If the Servicer is requested by the Lender to provide any reports or information other than the Servicer Report, the Servicer shall promptly be paid, as additional servicing fee, according to the Applicable Hourly Rate for providing such additional reports or information.

  • The Applicable Hourly Rate and Maximum Hours Allocation are set forth on Schedule D (in the case of Liquidating Trust) and Schedule F (in the case of Reorg.

  • The hourly rate of pay for all workafter twelve (12) work hours shall be two and one half (2.50) times the Applicable Hourly Rate.

  • Contractor Federal Support Matching Support Total # Hours (If Applicable) Hourly Rate (If Applicable) Total Contract Cybernet, PC software installation$4,795.00 $4,795.00 $4,795.00 Sarcom, PC hardware installation$4,480.00 $4,480.00 $4,480.00 $0.00 $0.00 $0.00 $0.00Subtotal $9,275.00$0.00$9,275.00 g.


More Definitions of Applicable Hourly Rate

Applicable Hourly Rate for each employee is set forth on Schedule D (in the case of Liquidating Trust) and Schedule F (in the case of Reorg. WMI) and shall be equal to (A) such employee’s aggregate compensation (which includes annual base salary, target bonus, if any, and benefits), divided by (B) the number of hours associated with such employee’s terms of employment. For purposes of this Agreement, “full-time employment” assumes an employee works 2,080 hours annually. The Service Provider shall provide a general description of tasks performed during hours such employee spent performing the Services. The Applicable Hourly Rate and Maximum Hours Allocation are set forth on Schedule D (in the case of Liquidating Trust) and Schedule F (in the case of Reorg. WMI). An illustrative example of the form of monthly invoice to be submitted periodically to Reorg. WMI is appended to this Agreement on Schedule G.
Sample 1
Applicable Hourly Rate shall for the purpose of this clause means the hourly all purpose rate the employee otherwise would have been entitled to receive under this agreement including leading hand allowance if applicable
Sample 1

Related to Applicable Hourly Rate

  • Hourly Rate means the proposed fully loaded maximum hourly rates that include travel, per diem, fringe benefits and any overhead costs for contractor personnel, as well as subcontractor personnel if appropriate.

  • Hourly Rates means payment on the basis of time reasonably spent on a case (as opposed to payment by way of a Standard Fee) where payment is based on the rates set out in the Remuneration Regulations;

  • hourly rate of pay means an employee's weekly rate of pay divided by thirty-five (35).

  • Applicable Utilization Fee means, as of any date that the aggregate Advances exceed 33% of the aggregate Commitments, a percentage per annum determined by reference to the Public Debt Rating in effect on such date as set forth below: -------------------------------- ----------------------------- Public Debt Rating Applicable S&P/Moody's Utilization Fee -------------------------------- ----------------------------- Level 1 BBB+ or Baa1 or above 0.125% -------------------------------- ----------------------------- Level 2 BBB or Baa2 0.250% -------------------------------- ----------------------------- Level 3 BBB- and Baa3 0.000% -------------------------------- ----------------------------- Level 4 BBB- or Baa3 0.000% -------------------------------- ----------------------------- Level 5 BB+ and Ba1 0.000% -------------------------------- ----------------------------- Level 6 Lower than Level 5 0.000% -------------------------------- -----------------------------

  • 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.”

  • 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.

  • Applicable Commitment Fee Rate shall mean 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.”

  • Cost-plus-a-percentage-of-cost contract means a contract under which the contractor is paid a percentage of the total actual expenses or costs in addition to the contractor's actual expenses or costs.

  • Applicable Wages means the basic straight time wages for all hours worked, including:

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.15(C)(i) hereof determined in accordance with the provisions of Section 2.15(D)(ii) hereof.

  • Fully Burdened Hourly Labor Rate means an hourly rate that includes all salary, overhead costs, general and administrative expenses, and profit.

  • 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 Amount means, at any time (the “Applicable Amount Reference Time”), an amount equal to (a) the sum, without duplication, of:

  • Applicable LIBOR Rate means, (a) for Auction Periods of 35 days or less, One-Month LIBOR, (b) for Auction Periods of more than 35 days but less than 91 days, Three-Month LIBOR, (c) for Auction Periods of more than 90 days but less than 181 days, Six-Month LIBOR, and (d) for Auction Periods of more than 180 days, One-Year LIBOR.

  • 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 ABR Margin means, at any date:

  • Applicable L/C Fee Percentage means, as at any date of determination, a rate per annum equal to the Applicable Eurodollar Margin for Revolving Loans in effect on such date.

  • Applicable L/C Margin means the per annum fee, from time to time in effect, payable with respect to outstanding Letter of Credit Obligations as determined by reference to Section 1.5(a).

  • 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).

  • Fixed Retained Yield Rate With respect to each Mortgage Loan, a per annum rate equal to the greater of (a) zero and (b) the Mortgage Interest Rate on such Mortgage Loan minus the sum of (i) 6.500%, (ii) the applicable Servicing Fee Rate and (iii) the Master Servicing Fee Rate.

  • Expense Fee Rate As to each Mortgage Loan, a per annum rate equal to the sum of the Servicing Fee Rate and the Trustee Fee Rate.

  • Applicable Facility Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.14(C)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Applicable Facility Fee means the percentage set forth in the table below corresponding to the Level at which the Ratings-Based Applicable Margin is determined in accordance with the definition thereof: 2 0.125 % 3 0.150 % 4 0.200 % 5 0.250 % 6 0.300 % Any change in the applicable Level at which the Ratings-Based Applicable Margin is determined shall result in a corresponding and simultaneous change in the Applicable Facility Fee.

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

  • Monthly Salary Rate means the amount agreed to by Owner that can be used on Applications for Payment throughout the Construction Phase to account for the monthly salary costs of Contractor’s salaried personnel assigned to the Project. A Monthly Salary Rate must be established for each salaried person and must be approved in writing by Owner in advance of any Application for Payment for that person. The Monthly Salary Rate is for convenience only and any payments made for Contractor’s personnel are subject to audit to determine the actual cost of the wages and allowable employer contributions incurred by Contractor for services performed. The initial Monthly Salary Rate is included in Exhibit “G” attached to this Agreement.

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