Standby Rate definition

Standby Rate means the 3 Month London Interbank Offered Rate as published on the Reuters Screen LIBOR01 (or any successor thereto) at approximately 11 am (London time) [*]. [*]

Standby Rate has the meaning given in Appendix I, Section A(2)(B).

Standby Rate is the standby rate as set out in the Plant Hire Out Agreement Details and shall apply when the Equipment is in full operating condition as required by this Agreement and available for use by the Hirer but the Hirer does not require the use of the Equipment at that time.

Examples of Standby Rate in a sentence

• The Contractor is not eligible for payment (at Standby Rate or at the Designated Rate) until equipment is brought into compliance by the Contractor, as solely determined by VDOT.

• The Standby Rate will also be paid for cleaning of equipment that contains a VDOT spreader.

• Hospice Telepage Nurses shall be paid the Article 8.5 Standby Rate for fifteen hours of stand-by and a minimum of twelve (12) hours at the nurse’s designated base rate of pay for each 15 hour stand-by shift.

• VDOT will pay the Contractor a standard Standby Rate of 50% of the Designated Rate per hour during the authorized standby periods prior to the event starting, after reporting to the Designated VDOT Location and signing in.

• MAKE TYPE YEAR 2 OR 4 WHEEL DRIVE GVW RENTAL RATE           KM Rate $            Standby Rate (1/2 the bare rental rate) $  Note – Fire wardens are paid a minimum of 100km per day for their vehicles ONLY while conducting fire patrols.

More Definitions of Standby Rate

Standby Rate. The following pricing shall apply to the Goods after the Standard Rate Period (as defined in the Subcontractor Agreement): ___________________ Other Specifications: The Parties agree that the following specifications do not constitute “specifications” for the purposes of Article 9.4 in the Agreement. This Rental Order is issued by Contractor and accepted by Subcontractor as of the dates set forth below: Contractor: Subcontractor: By: By: Name: Name: Title: Title: Date: Date:

Standby Rate means 50% of the Rental Charge and will apply at the absolute discretion of the Hirer.

Standby Rate has the meaning ascribed in Clause 4.5(c);

Standby Rate means the rate described in Schedule F;

Standby Rate means the relevant rate identified as such in item 3 of the Agreement Details. "Supplier" means the person identified as the "Supplier" in the Agreement Details. "Suspension" has the meaning given to that term in clause 3.8.

Standby Rate has the meaning set forth in sub-clause 5.3(3) of Section 5.

Standby Rate means the sum set out as such in Section I – Remuneration.