Turnover Rate definition

Turnover Rate means the period of time (usually in hours) required to circulate a volume of water equal to the pool or spa capacity.

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Turnover Rate means the total number of terminations in a given calendar year divided by the average number of personnel employed for the same calendar year and multiplied by 100 (for the percentage).

Turnover Rate means, for any calendar month, an amount computed as of the last day of such calendar month equal to: (a) the Outstanding Balance of all Pool Receivables as of the last day of such calendar month divided by (b)(i) the aggregate credit sales made by the Originator during the three calendar months ended on or before the last day of such calendar month divided by (ii) 3.

Examples of Turnover Rate in a sentence

• Accordingly, Supplier shall use commercially reasonable efforts to keep the Turnover Rate to a level reasonably comparable to the level experienced by other information technology suppliers in the health care sector for the geographic region where the applicable services are being performed.

• FMVD = Fair Market Value Discount, as measured on such Payment Date, which is equal to the quotient (expressed as percentage) of (a) one divided by (b) the sum of (i) one, plus (ii) the product of (A) the Prime Rate on such Payment Date plus 0.25% and (B) a fraction, the numerator of which is the Turnover Rate (calculated as of the last day of the Settlement Period next preceding such Payment Date) and the denominator of which is 365.

• The cumulative Turnover Rate is to be calculated by dividing total year-to-date Turnover headhunt by the total headcount of Supplier’s Personnel, including sub-tiers.

• Monthly Turnover Rate is to be calculated by dividing the total number of Turnover headcount in a given month by the same month’s total headhunt of Supplier’s Personnel including sub tiers.

• FMVD = Fair Market Value Discount, as measured on such Payment Date, which is equal to the quotient (expressed as percentage) of (a) one divided by (b) the sum of (i) one, plus (ii) the product of (A) the Prime Rate on such Payment Date plus 0.25% and (B) a fraction, the numerator of which is the Turnover Rate (calculated as of the last day of the Settlement Period next preceding such Payment Date) and the denominator of which is 12.

More Definitions of Turnover Rate

Turnover Rate means the number of hours required to circulate a volume of water equal to the capacity of the swimming pool or spa.

Turnover Rate means, as of any Cut-Off Date, the ratio (expressed as a percentage) of (i) the aggregate Unpaid Balance of the Pool Receivables as of such Cut-Off Date, divided by (ii) the aggregate Collections for the month ending on such Cut-Off Date.

Turnover Rate means, for any period for which it is calculated, (A) (1) the Receivables Balance at the beginning of such period divided by (2) the Collections (other than Deemed Collections) during such period multiplied by (B) the number of days in such period.

Turnover Rate means the time necessary to circulate the entire volume of the pool water through the filtration system.

Turnover Rate means the time required to circulate a quantity of water equal to the pool or spa volume.

Turnover Rate means, as of any Cut-Off Date, the ratio (expressed as a ------------- percentage) of (i) the aggregate Unpaid Balance of the Receivables as of such Cut-Off Date, divided by (ii) the aggregate Collections for the month ending on ------- such Cut-Off Date.

Turnover Rate means the time for a given volume of water to pass through the circulation system. The volume of water is generally the basin volume and the time is usually expressed in hours.