Designated rates definition

Designated rates shall be as follows: (1) The designated rate of time and one-half shall apply for the following days observed as legal holidays: New Year’s Day, January 1 Washington’s Birthday, Third Monday in February Memorial Day, last Monday in May Independence Day, July 4 Labor Day, First Monday in September Veteran’s Day, November 11 Thanksgiving Day, Fourth Thursday in November Christmas Day, December 25 (2) The designated rate of straight time shall apply for the following days observed as legal holidays: Town Meeting Day, First Tuesday in March Bennington Battle Day, August 16 (3) The designated rate of straight time compensatory time off shall apply for the following day: Xxxxxx Xxxxxx Xxxx Xx.’s Birthday, third Monday in January. (4) Notwithstanding any contrary provision of this Section, for employees in Overtime Categories 15, 16, and 17 the “designated rate” of straight time pay shall apply on all days observed as legal holidays.
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Designated rates shall be as follows: (1) The designated rate of time and one-half (1-1/2) shall apply for the following days observed as legal holidays: New Year’s Day, January 1 Washington’s Birthday, Third Monday in February Memorial Day, Last Monday in May Independence Day, July 4 Labor Day, First Monday in September Veteran’s Day, November 11 Thanksgiving Day, Fourth Thursday in November Christmas Day, December 25 (2) The designated rate of straight time shall apply for the following days observed as legal holidays: Town Meeting Day, First Tuesday in March Bennington Battle Day, August 16 (3) Notwithstanding any contrary provision of this Section, for employees in Overtime Categories 15, 16 and 17 the “designated rate” of straight time pay shall apply on all days observed as legal holidays.
Sample 1Sample 2Sample 3
Designated rates shall be as follows: (1) The designated rate of time and one-half (1-1/2) shall apply for the following days observed as legal holidays: New Year’s Day, January 1 Xxxxxx Xxxxxx Xxxx Xx.’s Birthday, the third Monday in January Washington’s Birthday, Third Monday in February Memorial Day, Last Monday in May Independence Day, July 4 Labor Day, First Monday in September Veteran’s Day, November 11 Thanksgiving Day, Fourth Thursday in November Christmas Day, December 25 (2) The designated rate of straight time shall apply for the following days observed as legal holidays: Town Meeting Day, First Tuesday in March Bennington Battle Day, August 16 (3) Notwithstanding any contrary provision of this Section, for employees in Overtime Categories 15, and 16 the “designated rate” of straight time pay shall apply on all days observed as legal holidays.
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Examples of Designated rates in a sentence

  • Designated rates of currency conversion apply on buying and selling foreign currency.


More Definitions of Designated rates

Designated rates shall be as follows: (1) The designated rate of t ime and one -half sh all appl y f or t he f ollowing day s observed as legal holidays: New Year's Day, January 1 Washington's Birthday, Third Monday in February Memorial Day, Last Monday in May Independence Day, July 4 Labor Day, First Monday in September Veteran's Day, November 11 Thanksgiving Day, Fourth Thursday in November Christmas Day, December 25 (2) The designated rate of straight time shall appl y f or t he f ollowing day s observed as legal holidays: Town Meeting Day, First Tuesday in March Bennington Battle Day, August 16 (3) The designated rate of straight time compensatory time off shall apply for the following day: Xxxxxx Xxxxxx Xxxx Xx.’s Birthday, the third Monday in January. (4) Notwithstanding any contrary provision of t his Section, f or em ployees in O vertime Categories 15, 16 and 17 the “ designated rate” of straight time pay sh all appl y on al l days observed as legal holidays.
Sample 1
Designated rates shall be as follows: (1) The designated rate of time and one-half shall apply for the following days observed as legal holidays: New Year's Day, January 1 Xxxxxx Xxxxxx Xxxx Xx.’s Birthday, the third Monday in January Washington's Birthday, Third Monday in February Memorial Day, Last Monday in May Juneteenth, June 19 Independence Day, July 4 Labor Day, First Monday in September Indigenous Peoples’ Day, Second Monday in October Veteran's Day, November 11 Thanksgiving Day, Fourth Thursday in November Christmas Day, December 25 (2) The designated rate of straight time shall apply for the following days observed as legal holidays: Town Meeting Day, First Tuesday in March (3) Notwithstanding any contrary provision of this Section, for employees in Overtime Categories 15, and 16 the “designated rate” of straight time pay shall apply on all days observed as legal holidays.
Sample 1

Related to Designated rates

  • Designated Rate means the rate of interest per annum described in the Supplement as being applicable to an outstanding Loan from time to time.

  • Negotiated Rate with respect to each Swing Line Loan, the rate per annum agreed to in writing by the Borrower and the Swing Line Lender as the interest rate which such Swing Line Loan shall bear.

  • Alternative Base Rate means the rate that has replaced LIBOR in customary market usage for determining floating interest rates in respect of bonds denominated in Dollars or, if the Independent Financial Adviser or the Issuer (in consultation with the Calculation Agent and acting in good faith and a commercially reasonable manner), as applicable, determines that there is no such rate, such other rate as the Independent Financial Adviser or the Issuer (in consultation with the Calculation Agent and acting in good faith and a commercially reasonable manner), as applicable, determines in its or the Issuer’s sole discretion is most comparable to LIBOR. If the Alternative Base Rate is determined, such Alternative Base Rate shall be the Alternative Base Rate for the remaining Interest Periods.

  • Quoted Rate means, with respect to any Quoted Rate Swingline Loan, the fixed percentage rate per annum offered by the Swingline Lender and accepted by the Borrower with respect to such Swingline Loan as provided in accordance with the provisions of Section 2.

  • Designated LIBOR Page means the display on Reuters Screen, LIBOR01 Page or any successor service or any page as may replace the designated page on that service or any successor service that displays the London interbank rates of major banks for U.S. Dollars.

  • Designated Rating means, for a security or instrument, a rating issued by a designated rating organization, or its DRO affiliate, that is at or above one of the following rating categories, or that is at or above a category that replaces one of the following rating categories, if

  • Alternate Rate means, for any day, the sum of (a) a rate per annum selected by the Administrative Agent, in its reasonable discretion based on market conditions in consultation with the Company (and any applicable Subsidiary Borrower) and the relevant Lenders, plus (b) the Applicable Margin for Eurocurrency Loans. When used in reference to any Loan, “Alternate Rate” refers to whether such Loan is bearing interest at a rate determined by reference to the Alternate Rate.

  • Regulated Rate Tariff means a regulated rate tariff for the provision of Electricity Services to eligible customers prepared by EDTI, or a person with whom EDTI makes arrangements to do so, pursuant to section 102 of the Act;

  • Offshore Rate means, for any Interest Period, with respect to Offshore Rate Loans comprising part of the same Borrowing, the rate of interest per annum (rounded upward to the next 1/16th of 1%) determined by the Agent as follows: Offshore Rate = LIBOR ------------------------------------ 1.00 - Eurodollar Reserve Percentage Where,

  • Funding Rate means any individual rate notified by a Lender to the Facility Agent pursuant to sub-paragraph (ii) of paragraph (a) of Clause 10.3 (Cost of funds).

  • Stated Rate has the meaning set forth in Section 2.7.

  • borrowing rate means the interest rate expressed as a fixed or variable percentage applied on an annual basis to the amount of credit drawn down;

  • Designated CMT Telerate Page means the display on Moneyline Telerate, or any successor service, on the page designated on the face hereof or any other page as may replace that page on that service for the purpose of displaying Treasury Constant Maturities as reported in H.15(519). If no page is specified on the face hereof, the Designated CMT Telerate Page shall be 7052, for the most recent week.

  • Designated LIBOR Currency means the currency specified on the face hereof as to which LIBOR shall be calculated or, if no such currency is specified on the face hereof, United States dollars.

  • LIBOR Applicable Margin means, as of any date with respect to any LIBOR Interest Period, the Applicable Margin in effect for such LIBOR Interest Period as determined in accordance with Section 2.4 hereof.

  • LIBOR-Based Rate means, with respect to each Interest Period, the per annum interest rate equal to the London Interbank Offered Rate which appears on Telerate Page 3750 at approximately 11:00 a.m. (London time) two LIBOR Business Days prior to the first day of such Interest Period for deposits of United States dollars for a period of time comparable to the Interest Period, and in an amount comparable to the principal amount of the Loan, plus 0.35%.

  • CP Rate means, for any Conduit Purchaser and for any Yield Period for any Portion of Capital (a) the per annum rate equivalent to the weighted average cost (as determined by the applicable Purchaser Agent and which shall include commissions of placement agents and dealers, incremental carrying costs incurred with respect to Notes of such Person maturing on dates other than those on which corresponding funds are received by such Conduit Purchaser, other borrowings by such Conduit Purchaser (other than under any Program Support Agreement) and any other costs associated with the issuance of Notes) of or related to the issuance of Notes that are allocated, in whole or in part, by the applicable Purchaser Agent to fund or maintain such Portion of Capital (and which may be also allocated in part to the funding of other assets of such Conduit Purchaser); provided, however, that if any component of such rate is a discount rate, in calculating the “CP Rate” for such Portion of Capital for such Yield Period, the applicable Purchaser Agent shall for such component use the rate resulting from converting such discount rate to an interest bearing equivalent rate per annum; provided, further, that notwithstanding anything in this Agreement or the other Transaction Documents to the contrary, the Seller agrees that any amounts payable to the Purchasers in respect of Discount for any Yield Period with respect to any Portion of Capital funded by such Purchaser at the CP Rate shall include an amount equal to the portion of the face amount of the outstanding Notes issued to fund or maintain such Portion of Capital that corresponds to the portion of the proceeds of such Notes that was used to pay the interest component of maturing Notes issued to fund or maintain such Portion of Capital, to the extent that such Purchaser had not received payments of interest in respect of such interest component prior to the maturity date of such maturing Notes (for purposes of the foregoing, the “interest component” of Notes equals the excess of the face amount thereof over the net proceeds received by such Purchaser from the issuance of Notes, except that if such Notes are issued on an interest-bearing basis its “interest component” will equal the amount of interest accruing on such Notes through maturity) or (b) any other rate designated as the “CP Rate” for such Conduit Purchaser in an Assumption Agreement or Transfer Supplement pursuant to which such Person becomes a party as a Conduit Purchaser to this Agreement, or any other writing or agreement provided by such Conduit Purchaser to the Seller, the Servicer and the applicable Purchaser Agent from time to time. The “CP Rate” for any day while a Termination Event or an Unmatured Termination Event exists shall be an interest rate equal to 2.0% per annum above the Base Rate as in effect on such day.

  • Crediting Rate means the notional gains and losses credited on the Participant’s Account balance which are based on the Participant’s choice among the investment alternatives made available by the Committee pursuant to Section 3.3 of the Plan.

  • Pricing Rate the per annum percentage rate for determination of the Price Differential;

  • Designated Eurodollar Market means, with respect to any Eurodollar Rate Loan, the London Eurodollar Market.

  • LIBOR Base Rate means, for each Interest Period, the London interbank offered rate for six-month deposits in Dollars for value the first day of such Interest Period (or, in the case of the initial Interest Period, for value the Interest Payment Date occurring on or next preceding the first day of such Interest Period), as reasonably determined by the Bank and expressed as a percentage per annum.

  • Designated loan means a loan se- cured by a building or mobile home that is located or to be located in a special flood hazard area in which flood insurance is available under the Act.

  • Alternate Base Rate Advance means an Advance which bears interest at the Alternate Base Rate.

  • LIBOR Daily Floating Rate means, for any day, a fluctuating rate of interest per annum equal to LIBOR as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by Administrative Agent from time to time), at approximately 11:00 a.m., London time, two (2) London Banking Days prior to such day, for Dollar deposits with a term of one (1) month commencing that day; provided that if the LIBOR Daily Floating Rate shall be less than zero, such rate shall be deemed zero for purposes of the Loan Documents.

  • USD LIBOR means the London interbank offered rate for U.S. dollars.

  • EURIBOR Rate has the meaning specified in the definition of “Eurocurrency Rate”.