Time Utilization definition

Time Utilization means the ratio, calculated on a monthly basis for ▇▇▇▇▇ and its Subsidiaries, of (i) the average number of units of aerial lift rental equipment on rent during such month divided by (ii) the average number of units of aerial lift rental equipment available for rent during such month; provided, however, that such calculation of such equipment which is available for rent shall exclude (1) for purposes of Section 8.21(a), any unit of rental equipment that (a) is in transit to, from or between rental locations and (b) is not available for rental because it is being maintained or serviced, such maintenance or service period not to extend longer than ninety (90) days, and (2) for purposes of Section 6.2(k)(ix), any unit of rental equipment while such unit is reflected in ▇▇▇▇▇’▇ ledger accounts under “Equipment Down Long Term”.
View Source
Time Utilization means the ratio, calculated on a monthly basis for ▇▇▇▇▇ and its Subsidiaries, of (i) the average number of units on rent during such month divided by (ii) the average number of units available for rent during such month.
View Source

Examples of Time Utilization in a sentence

  • The President of Local or designate shall be a member of the Hospital Fiscal Advisory Committee Part Time Utilization Information The Hospital agrees to supply the local union with hours utilization by department, at the time specified for the posting of seniority lists.

  • A request for a meeting hereunder will be made in writing at least fourteen (14) days prior to the date proposed and accompanied by an agenda of matters proposed to be discussed Part Time Utilization The Hospital agrees to supply the local union with hours utilization by department, at the time specified for the posting of seniority lists.

  • Time Utilization Information Professional Responsibility Negotiating Committee List of Union Representatives ARTICLE Accident Prevention Health and Safety Committee ARTICLE Letters of Reprimand and Access to Files Probationary Seniority List Seniority Transfer of Seniority..

  • The Brevard Federation of Teachers and Brevard Public Schools will create a jointly agreed upon presentation to be provided to all supervisors and members of the bargaining unit prior to the first (1st) day of school annually on Compensation Time Utilization.

  • Accordingly, all task force members will be required to record their workload in the Time Utilization Recordkeeping (TURK) system used by the FBI.

  • The Brevard Federation of Teachers and Brevard Public Schools will create a jointly agreed upon presentation to be provided to all supervisors and members of the bargaining unit prior to the 1st day of school annually on Compensation Time Utilization.

  • Part Time Utilization Information The Hospital agrees to supply the local union with hours utilization by department, at the time specified for the posting of seniority lists.

Related to Time Utilization

  • Borrowing Base Utilization Percentage means, as of any day, the fraction expressed as a percentage, the numerator of which is the sum of the Revolving Credit Exposures of the Lenders on such day, and the denominator of which is the Borrowing Base in effect on such day.

  • Applicable Utilization Fee means, as of any date that the aggregate Advances exceed 33% of the aggregate Commitments, a percentage per annum determined by reference to the Public Debt Rating in effect on such date as set forth below: -------------------------------- ----------------------------- Public Debt Rating Applicable S&P/Moody's Utilization Fee -------------------------------- ----------------------------- Level 1 BBB+ or Baa1 or above 0.125% -------------------------------- ----------------------------- Level 2 BBB or Baa2 0.250% -------------------------------- ----------------------------- Level 3 BBB- and Baa3 ▇.▇▇▇% -------------------------------- ----------------------------- Level 4 BBB- or Baa3 ▇.▇▇▇% -------------------------------- ----------------------------- Level 5 BB+ and Ba1 ▇.▇▇▇% -------------------------------- ----------------------------- Level 6 Lower than Level 5 ▇.▇▇▇% -------------------------------- -----------------------------

  • Applicable Utilization Fee Rate means, as of any date, the percentage rate per annum at which Utilization Fees accrue on all Revolving Credit Advances at such time as set forth in the Pricing Schedule.

  • Non-Utilization Fee has the meaning assigned thereto in the Pricing Side Letter.

  • Commitment Utilization Percentage means on any day the percentage equivalent to a fraction (a) the numerator of which is the aggregate outstanding principal amount of Revolving Credit Loans, including the aggregate outstanding principal amount of Letters of Credit, Swingline Loans and Competitive Loans, and (b) the denominator of which is the Total Commitment (or, on any day after termination of the Commitments, the Total Commitment in effect immediately preceding such termination).