Credit Unit definition

Credit Unit means a Credit Unit, or fraction thereof, credited to an Employee under the Plan generally for Workweeks for which he/she receives pay, and cancelled at specified rates for the payment of certain Regular Benefits; and includes a Guaranteed Annual Income Credit Unit credited pursuant to sections 3.06, 3.07 and 3.08;
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Credit Unit means a unit credited to an Employee under the plan.
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Credit Unit for JGLS programmes means a specific number of class hours prescribed for a course. One credit unit requires three contact hours or 15 class hours. A two-credit unit course requires six contact hours or 30 class hours and a four-credit unit course requires twelve contact hours or 60 class hours. For JSIA, all courses in the
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Examples of Credit Unit in a sentence

  • A Guaranteed Annual Income Credit Unit shall be deemed in all respects for all purposes the same as a Credit Unit credited pursuant to article 3, except that Guaranteed Annual Income Credit Units shall be credited only pursuant to the provisions of this article.

  • In the event that an appeal with respect to entitlement to a Regular Benefit is decided in favour of an Employee, the Regular Benefit shall be paid to him/her; provided, however, that if such Regular Benefit requires Credit Unit cancellation the Regular Benefit shall be paid only if he/she did not exhaust Credit Units after the Week of the Regular Benefit in dispute during the same period of layoff.


More Definitions of Credit Unit

Credit Unit is a representation of a unit of currency, of the same type as that used with payment to Riversand for the applicable Offering.
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Credit Unit or "CEU" means ten hours of contact time for each 1.0 ceus awarded. This time may be in the form of classroom time or a seminar. Self-study programs will be evaluated based upon an equivalent classroom time.
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Credit Unit means a unit, or fraction of a unit, credited to an Employee under the Plan. (Credit Unit Cancellation Base) means an amount determined monthly pursuant to the provisions of Article by dividing the value of the assets of the Fund, at the beginning of the month by the sum of the number of Employeesin Active Service plus those on layoff with Credit Units.
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Credit Unit means a specific number of contact hours prescribed for a course. One credit unit requires 15 contact class hours. A two-credit unit course requires 30 contact class hours and a four-credit unit course requires 60 contact class hours.
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Credit Unit means a unit, or fraction thereof, credited to an employee under the Plan. ‘Work Week’ or “Pay Period” means a calendar week beginning on Sunday at the regular starting time of the shift to which the employee is assigned or was last assigned immediately prior to being laid off.
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Credit Unit means a unit, or fraction thereof, credited to an employee under the Plan. ‘Work Week’ or “Pay Period” means a calendar week beginning on Sunday at the regular starting time of the shift to which the employee is assigned or was last assigned immediately prior to being laid off.
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Related to Credit Unit

  • Credit Union means the registered society.

  • Revolving Facility Credit Exposure means, at any time, the sum of (a) the aggregate principal amount of the Revolving Facility Loans outstanding at such time, (b) the Swingline Exposure at such time and (c) the Revolving L/C Exposure at such time. The Revolving Facility Credit Exposure of any Revolving Facility Lender at any time shall be the sum of (a) the aggregate principal amount of such Revolving Facility Lender’s Revolving Facility Loans outstanding at such time and (b) such Revolving Facility Lender’s Revolving Facility Percentage of the Swingline Exposure and Revolving L/C Exposure at such time.

  • Revolving Facility Commitment means, with respect to each Revolving Facility Lender, the commitment of such Revolving Facility Lender to make Revolving Facility Loans pursuant to Section 2.01(b), expressed as an amount representing the maximum aggregate permitted amount of such Revolving Facility Lender’s Revolving Facility Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04, and (c) increased (or replaced) as provided under Section 2.21. The initial amount of each Lender’s Revolving Facility Commitment is set forth on Schedule 2.01, or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Revolving Facility Commitment (or Incremental Revolving Facility Commitment), as applicable. The aggregate amount of the Lenders’ Revolving Facility Commitments on the Closing Date is $100,000,000. On the Closing Date, there is only one Class of Revolving Facility Commitments. After the Closing Date, additional Classes of Revolving Facility Commitments may be added or created pursuant to Incremental Assumption Agreements.

  • Revolving L/C Exposure of any Class shall mean at any time the sum of (a) the aggregate undrawn amount of all Letters of Credit applicable to such Class outstanding at such time (calculated, in the case of Alternate Currency Letters of Credit, based on the Dollar Equivalent thereof) and (b) the aggregate principal amount of all L/C Disbursements applicable to such Class that have not yet been reimbursed at such time (calculated, in the case of Alternate Currency Letters of Credit, based on the Dollar Equivalent thereof). The Revolving L/C Exposure of any Class of any Revolving Facility Lender at any time shall mean its applicable Revolving Facility Percentage of the aggregate Revolving L/C Exposure applicable to such Class at such time. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the International Standard Practices, International Chamber of Commerce No. 590, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn. Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be deemed to be the stated amount of such Letter of Credit in effect at such time; provided, that with respect to any Letter of Credit that, by its terms or the terms of any document related thereto, provides for one or more automatic increases in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect at such time.

  • Letter of Credit Liabilities means, at any time and in respect of all Letters of Credit, the sum of (a) the aggregate amount available to be drawn under all such Letters of Credit plus (b) the aggregate unpaid amount of all Reimbursement Obligations then due and payable in respect of previous drawings under such Letters of Credit.

  • Revolving Facility Percentage means, with respect to any Revolving Facility Lender of any Class, the percentage of the total Revolving Facility Commitments of such Class represented by such Lender’s Revolving Facility Commitment of such Class. If the Revolving Facility Commitments of such Class have terminated or expired, the Revolving Facility Percentages of such Class shall be determined based upon the Revolving Facility Commitments of such Class most recently in effect, giving effect to any assignments pursuant to Section 9.04.

  • Revolving Letter of Credit means a letter of credit issued by a Revolving Fronting Bank pursuant to Section 2.03(a) and shall also include each Existing Letter of Credit.

  • Revolving Facility Usage means at any time the sum of the outstanding Revolving Credit Loans, the outstanding Swing Loans, and the Letter of Credit Obligations.