Adjusted Rate definition

Adjusted Rate is the Employee's hourly rate plus the hourly rate for any other item required by law to be included in the adjusted rate. Compensatory time shall accrue at the rate of one and one-half (1-1/2) hours of compensatory time for each overtime hour worked. An Employee cannot elect compensatory time when working a special event on a voluntary basis.

Adjusted Rate means a rate other than the established fixed rate of reimbursement.

Adjusted Rate has the meaning assigned in Section 2.2.

Examples of Adjusted Rate in a sentence

• If Maker elects to have the LIBOR Adjusted Rate apply, it shall advise Payee in writing by delivery to Payee of the LIBOR Election Notice attached hereto as Exhibit “A”, of its election and the LIBOR Period and LIBOR Increment for which Maker desires said rate to apply not later than 10:00 a.m., Central Standard Time or Central Daylight Time (as applicable), two (2) Business Days prior to the LIBOR Period Commencement Date.

• In the absence of an effective election by Maker of the LIBOR Adjusted Rate in accordance with the above procedures prior to the expiration of the then current LIBOR Period with respect to any LIBOR Increment, interest on such LIBOR Increment shall accrue at the CB Floating Rate, effective immediately upon the expiration of such LIBOR Period.

• If Maker elects the LIBOR Adjusted Rate, but the applicable LIBOR Period will commence on a date which is not a Business Day, such LIBOR Period shall be deemed to commence on the next Business Day after it would otherwise commence, and any interest which accrues hereunder in the interim shall accrue at the Applicable Rate.

• After Maker has designated a LIBOR Increment to which the LIBOR Adjusted Rate shall apply, such rate shall apply to the LIBOR Increment for the duration of the LIBOR Period.

• The Agent shall as soon as practicable notify the Borrower and the Lenders of each determination of a LIBOR Adjusted Rate.

More Definitions of Adjusted Rate

Adjusted Rate means the rate per 1,000 gallons as adjusted in accordance with the provisions of Sections 7(a) of this Agreement, based upon any increase in the: (a) Operating Cost Portion; and (b) the Capital Cost Recovery Portion.

Adjusted Rate means the Federal Funds Rate as such Federal Funds Rate may change from time to time, plus the Rate Spread, however, in no event shall the Adjusted Rate be less than Five Percent (5%) per annum.

Adjusted Rate means on any given day the rate selected by the Borrower pursuant to Section 5.1 of the Agreement as in effect on the Closing Date, or any successor section thereto.

Adjusted Rate means the rate determined on the Optional Prepayment Date ------------- and on each anniversary thereof as the greater of (xx) the Base Rate plus 2% per annum and (yy) the yield, calculated by linear interpolation (rounded to three decimal places), of the yields of United States Treasury Constant Maturities with the terms (one longer and one shorter) most nearly approximating those of U.S. Obligations having maturities as close as possible to the tenth anniversary of the Optional Prepayment Date, as determined by the Lender on the basis of Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Governmental Security/Treasury Constant Maturities, or other recognized source of financial market information selected by the Lender in each case on the last Business Day of the week immediately prior to the Optional Prepayment Date and each subsequent anniversary thereof, as the case may be, plus 3.775% per annum.

Adjusted Rate means the Federal Funds Rate as such Federal Funds Rate may change from time to time, plus the Rate Spread.

Adjusted Rate means LIBOR plus 250 basis points as of the Adjustment Date.

Adjusted Rate means 2.00% per annum.