Examples of Component Rate in a sentence
List all components of fringe benefits rate FEDERAL REQUEST Component Rate Wage Cost FICA 7.65% $52,765 $4,037 Workers Compensation 2.5% $52,765 $1,319 Insurance 10.5% $52,765 $5,540 TOTAL $10,896 NON-FEDERAL MATCH Component Rate Wage Cost FICA 7.65% $21,580 $1,651 Workers Compensation 2.5% $21,580 $540 Insurance 10.5% $21,580 $2,266 TOTAL $4,457 JUSTIFICATION: Fringe reflects current rate for agency.
The outstanding principal balance of each Component of the Loan shall bear interest for each Interest Accrual Period at a rate per annum equal to the lesser of (i) the Component Rate, or following the Anticipated Repayment Date for such Component, the ARD Component Rate, as applicable, for such Component and (ii) the Maximum Rate.
Until paid as provided for in Section 3.3 of the Cash Management Agreement, payment of interest accruing in an amount equal to the excess of (x) the applicable ARD Component Rate for each Component over (y) the applicable Component Rate for such Component, shall be deferred (the “Post-ARD Additional Interest”).
If such dividend or distribution is not so paid or made, the Stock Component Rate shall again be adjusted to be the Stock Component Rate that would then be in effect if such dividend or distribution had not been declared.
If the Default Rate shall be finally determined to be unlawful, then the Component Rate with respect to each Component shall be applicable during any time when the Default Rate would have been applicable hereunder, provided however that if the Maximum Rate is greater or lesser than the Component Rate with respect to any Component, then the foregoing provisions of this paragraph shall apply.