Daily Equivalent definition

Daily Equivalent means in respect of a monthly Demand Toll, an amount determined by multiplying the monthly Demand Toll by 12 and by dividing the product so obtained by the number of days in the year.
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Daily Equivalent means, as of the date of determination, the product of the following formula:
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Daily Equivalent means, as of the date of determination, the product of the following formula: ========================================================================= Daily Equivalent = Actual Index - Assumed Index X Net Investment Balance 360 =========================================================================
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Examples of Daily Equivalent in a sentence

  • Each employee will be entitled to receive an annual vacation as follows: Vacation Year Total Hourly Entitlement Daily Equivalent Where an employee's regularly scheduled work day is greater than seven hours per day, the annual vacation entitlement shall be converted to hours on the basis of a seven hour day and deducted accordingly.


More Definitions of Daily Equivalent

Daily Equivalent means the product of the following formula: Daily Actual Assumed Net Equivalent = Index - Index X Investment Balance ----------------- 365
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Daily Equivalent means the amount which would be due from you to the Lender under the Loan contract if your Repayment had to be made daily (including on weekends and public holidays) but excluding default charges. If
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Related to Daily Equivalent

  • Actuarially equivalent or "of equal actuarial value" means a benefit of equal value

  • Alternative Currency Equivalent means, at any time, with respect to any amount denominated in Dollars, the equivalent amount thereof in the applicable Alternative Currency as determined by the Administrative Agent or the L/C Issuer, as the case may be, at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of such Alternative Currency with Dollars.