OT Rate definition

OT Rate means the OT Rate in the Table of Effective Rates which has been set by the Company for service under Rate Schedule OT, Overrun Transportation Service.
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OT Rate is the Other Tax Rate which shall be the rate payable in respect of any taxes that Seller is obligated to pay other than VAT on production sales. Details of this component would be established upon the introduction of those new taxes. ** * Purchaser recognizes that the intent of this provision is to cause the Energy Payment to Seller to be adjusted so that the net amount received after payment of all taxes and fees other than VAT equals the net amount that would have been received had the taxes and fees not been imposed.
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OT Rate. IS THE OTHER TAX RATE WHICH SHALL BE THE RATE PAYABLE IN RESPECT OF ANY TAXES THAT SELLER IS OBLIGATED TO PAY OTHER THAN VAT ON PRODUCTION SALES. DETAILS OF THIS COMPONENT WOULD BE ESTABLISHED UPON THE INTRODUCTION OF THOSE NEW TAXES. * * Purchaser recognizes that the intent of this provision is to cause the Energy Payment to Seller to be adjusted so that the net amount received after payment of all taxes and fees other than VAT equals the net amount that would have been received had the taxes and fees not been imposed.
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Examples of OT Rate in a sentence

  • If the employee works over 40 hours during a week that has a holiday or works over 40 hours in any given week then hours over 40 will be paid at time and one-half (OT Rate).

  • OT Rate*** (Weighted Average Overtime Rate)$0.00Regular Rate of Pay in OT Period$0.003.

  • The rate used in calculating Shipper’s monthly bill for service under Rate Schedule OT, Overrun Transportation Service in the Zone is the OT Rate.

  • Non-ODL/WACarrierRegularRouteRoute OT WasWorkedOT HoursWorked ODL/CCACarrierOT HoursWorkedHours Available atRegular OT RateHours Available atPenalty OT Rate As illustrated above, [ODL and/or CCA] Carrier(s) [List names] were available for an additional total of [# of Hours Available at Regular OT Rate] at the regular overtime rate on [Date].

  • Limited Warranty1) Warranty provides a minimum of 5 years of no cost parts exchange including standard shipping for electronic parts including radios due to manufacturing defects.

  • OT @ Time & 1/2 Pay (FLSA Non-exempt)$0.00 $0.00*** OT Rate is greater than the regular rate if 'Other Pay' was paid $0.00 $0.00Formulas $0.001.

  • The Staff Side urges for computation of a separate OT Rate as applicable to Postal Employees which is also an operative department like Railways.

  • Check the Include OT Rate box if the letter should display the employee’s overtime rate of pay.

  • Either Reg Hours, or OT Hours or Sub Hours must be > 0.Labor Reg RateRequired if Reg Hours > 0.Overtime HoursRequired if OT Rate > 0.Overtime RateRequired if OT Hours > 0.Subsistence UnitsRequired if Sub Rate > 0.

  • Note that the OT Rate will display for Hourly and Annualized Hourly appointments only.

Related to OT Rate

  • Spot Rate for a currency means the rate determined by the Administrative Agent or the L/C Issuer, as applicable, to be the rate quoted by the Person acting in such capacity as the spot rate for the purchase by such Person of such currency with another currency through its principal foreign exchange trading office at approximately 11:00 a.m. on the date two Business Days prior to the date as of which the foreign exchange computation is made; provided that the Administrative Agent or the L/C Issuer may obtain such spot rate from another financial institution designated by the Administrative Agent or the L/C Issuer if the Person acting in such capacity does not have as of the date of determination a spot buying rate for any such currency; and provided further that the L/C Issuer may use such spot rate quoted on the date as of which the foreign exchange computation is made in the case of any Letter of Credit denominated in an Alternative Currency.

  • Reference Rate means the rate specified as such hereon.

  • Wage Rate refers to an Employee’s hourly rate of pay reflected by the pay grade of her position and her step within that grade, as set out in the Wage Rate grid in Appendix II.

  • One Month LIBOR Rate means, with respect to any interest rate calculation for a Loan or other Obligation bearing interest at the Alternate Base Rate, a rate per annum equal to the quotient (rounded upward if necessary to the nearest 1/16th of one percent (0.0625%)) of (i) the rate per annum referred to as the BBA (British Bankers Association) LIBOR RATE as reported on Reuters LIBOR page 1, or if not reported by Reuters, as reported by any service selected by Administrative Agent on the applicable day (provided that if such day is not a Eurodollar Banking Day for which a Eurodollar Rate is quoted, the next preceding Eurodollar Banking Day for which a Eurodollar Rate is quoted) at or about 11:00 a.m., London time (or as soon thereafter as practicable), for Dollar deposits being delivered in the London interbank eurodollar currency market for a term of one month commencing on such date of determination, divided by (ii) one minus the Reserve Requirement in effect on such day. If for any reason rates are not available as provided in clause (i) of the preceding sentence, the rate to be used in clause (i) shall be, at Administrative Agent’s discretion (in each case, rounded upward if necessary to the nearest one-sixteenth (1/16) of one percent (0.0625%)), (1) the rate per annum at which Dollar deposits are offered to the Administrative Agent in the London interbank eurodollar currency market or (2) the rate at which Dollar deposits are offered to the Administrative Agent in, or by Xxxxx Fargo to major banks in, any offshore interbank eurodollar market selected by Administrative Agent, in each case on the applicable day (provided that if such day is not a Eurodollar Banking Day for which Dollar deposits are offered to Administrative Agent in the London interbank eurodollar currency market, the next preceding Eurodollar Banking Day for which Dollar deposits are offered to Administrative Agent in the London interbank eurodollar currency market) at or about 11:00 a.m., London time (or as soon thereafter as practicable) (for delivery on such date of determination) for a one month term. Each determination by Administrative Agent pursuant to this definition shall be conclusive absent manifest error.

  • Reference Interest Rate means the interest rate which is used as the basis for calculating any interest to be applied and which comes from a publicly available source which can be verified by both parties to a payment service contract;

  • Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;

  • 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.

  • Alternative Rate means an alternative benchmark or screen rate which the Independent Adviser determines in accordance with Condition 5(j)(ii) is customarily applied in international debt capital markets transactions for the purposes of determining rates of interest (or the relevant component part thereof) in the same Specified Currency as the Notes.

  • Reset Rate means, in connection with each Remarketing, the rate per annum (as determined by the Remarketing Agent(s) in consultation with the Company pursuant to the Remarketing Agreement) rounded to the nearest one thousandth (0.001) of one percent that the Notes shall bear.

  • Relevant Rate means the Benchmark for a Representative Amount of the Specified Currency for a period (if applicable or appropriate to the Benchmark) equal to the Specified Duration commencing on the Effective Date.

  • Adjusted Base Rate means the Base Rate plus the Applicable Percentage.

  • CMS Rate means the applicable swap rate for swap transactions in the Reference Currency with a maturity of the Designated Maturity, expressed as a percentage, which appears on the Relevant Screen Page as at the Specified Time on the relevant Interest Determination Date in question, all as determined by the Calculation Agent.

  • U.S. Base Rate means, on any day, the annual rate of interest equal to the greater of (a) the annual rate of interest announced by a commercial Canadian bank selected by the Lender and in effect as its base rate at its principal office in Toronto, Ontario on such day for determining interest rates on Dollar demand commercial loans in Canada, and (b) the sum of the Federal Funds (Effective) Rate plus 0.50% per annum.

  • Specified Rate means, on any day, the sum of: