QUALIFIED RESIDENCY DEFERMENT Sample Clauses

QUALIFIED RESIDENCY DEFERMENT. To the extent permitted by applicable law, I can request a Qualified Residency Deferment if I am participating in a Qualified Residency Program during the Repayment Period, and have not chosen the Full Principal and Interest payment option. A Qualified Residency Deferment will not exceed forty-eight (48) months, unless the Lender has granted additional time in its discretion. I can request a Qualified Residency Deferment any time during the Principal Repayment Period that I am participating in a Qualified Residency Program. If I receive a Qualified Residency Deferment, my Loan will be deferred for up to twelve (12) consecutive months and, after expiration of the twelve (12) month period, I may request additional Qualified Deferment Periods for up to twelve (12) consecutive months each until the applicable Qualified Residency Deferment Period is exhausted. I will no longer be eligible for a Qualified Residency Deferment if I am no longer enrolled in a Qualified Residency Program, and my Qualified Residency Deferment Period may be less than a twelve (12) month increment. During Qualified Residency Deferment, I will be required to make a minimum monthly payment of $100. I understand that the interest will continue to accrue on my Loan during the Qualified Residency Deferment Period and that you will add any interest that I do not pay to the principal balance as described in paragraph D.
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Related to QUALIFIED RESIDENCY DEFERMENT

  • Full Employer Contribution - Basic Eligibility Employees covered by this Agreement who are scheduled to work at least seventy-five (75) percent of the time are eligible for the full Employer Contribution. This means:

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  • Contribution Eligibility You are eligible to make a regular contribution to your Xxxx XXX, regardless of your age, if you have compensation and your MAGI is below the maximum threshold. Your Xxxx XXX contribution is not limited by your participation in an employer-sponsored retirement plan, other than a Traditional IRA.

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  • What Forms of Distribution Are Available from a Xxxxxxxxx Education Savings Account Distributions may be made as a lump sum of the entire account, or distributions of a portion of the account may be made as requested.

  • Rate Redetermination after Catastro- phic Damage In event of Catastrophic Damage and ad- justment, if any, of Included Timber, Contracting Officer shall make an appraisal to determine for each species the catastrophe-caused difference between the appraised unit value of Included Timber remaining immediately prior to the catastrophe and the appraised unit value of existing and potential Included Timber immediately after the ca- tastrophe. Included Timber is any that would not be elimi- nated under B8.32. Potential Included Timber is any that would be added under B8.32. Tentative Rates and Flat Rates in effect at the time of catastrophe shall be adjusted by said differences to be- come the redetermined rates for the purpose of a contract modification under B8.32. Accordingly, Base Rates shall be adjusted to correspond to the redetermined rates if redetermined rates are less than the original Base Rates, subject to new Base Rate limitations of 25 cents per hun- dred cubic feet or equivalent. However, existing Base In- dices shall not be changed under this Subsection. Upon agreement under B8.32, redetermined rates and Required Deposits shall be considered established under B3.1 for timber Scaled subsequent to Catastrophic Damage. At time of such appraisal, Specified Road construc- tion cost shall include the estimated cost of any construc- tion work listed in the Schedule of Items performed and abandoned.

  • COMPUTATION OF BACK WAGES No claim for back wages shall exceed the amount of wages the employee would otherwise have earned at the employee's regular rate less:

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  • Meal Breaks and Rest Periods 7.1 Except when required for urgent or emergency work and except as provided in 7.2 below, no employee shall be required to work for more than five hours continuously without being entitled to a meal break of not less than half an hour. There will be only one meal break of not less than half an hour during a 10 hour shift.

  • Calculation of Annual Leave Pay Annual leave shall be paid at the employee’s ordinary weekly wage rate for ordinary hours for the period of annual leave (excluding shift allowances and weekend payments but including leading hand allowance); plus an amount equal to 17.5% of the amount

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