Standby Rates Sample Clauses

Standby Rates. D2.1 Due to the nature of its operation, the Corporation may direct an employee to be available for work outside normal working hours, and he/she shall be eligible for inconvenience pay at the following rates:
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Standby Rates. If the Buyer requires Seller’s service representative to remain locally and available to work “on call”, the Buyer will be billed a minimum of eight (8) hours per day at the applicable rate. If Seller’s service representative is called to the site after the normal working day is complete, overtime rates will apply for the additional time. In the event Seller’s service representative is not able to work at the site for reasons beyond Seller’s control, Standby Rates will apply at the applicable rate. In the event the Buyer requires Seller’s service representative to remain locally but not to report to the site on any weekday, weekend, or holiday, the time will be billed at the normal daily rate.
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Standby Rates. Subject to the Annual Escalator, for any location at which Drilling Services are to be performed by TDI, TLR agrees to compensate TDI at the rate of REDACTED* per hour for Short Term Standby (defined below) and REDACTED* per hour for Long Term Standby (defined below). For purposes of this Services Agreement, the following terms shall be defined as follows: (i) "Long Term" shall mean and refer to a period of time that exceeds 12 hours; (ii) "Short Term" shall mean and refer to a period of time that is equal to or less than 12 hours; and (iii) "Standby" shall mean and refer to any interruption in the operation of Drilling Services, which is not directly caused by the failure of TDI, its equipment or employees, including (by way of illustration and not of limitation), any time during which operations are suspended as a result of awaiting water for drilling purposes, weather, regulatory agencies, or suspensions directed by TLR or its representatives, employees, clients or other subcontractors.
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Standby Rates. If the Buyer requires Seller’s service representative to remain locally and available to work “on call”, the Buyer will be billed a minimum of eight
Sample 1
Standby Rates. Standby rates shall commence when the rig, while in readiness to commence or resume operations, has been shut down for a period of eight (8) consecutive hours with full crews and twelve (12) consecutive hours without crews per occurrence awaiting instructions, equipment, materials or services to be provided by Venoco.
Sample 1
Standby Rates. Unless otherwise specified, a standby rental rate is payable for Equipment that is put on ‘hold’ at XXXXX Premises for the priority use of the Hirer. The standby rental rate will apply from the date agreed between XXXXX and the Hirer. The Hire Fee is payable once the Equipment has been dispatched from XXXXX'x Premises.
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Related to Standby Rates

  • Discount Rates The discount rates applied to <<customer_name>> purchases of BellSouth Telecommunications Services for the purpose of resale shall be as set forth in Exhibit A. Such discounts have been determined by the applicable Commission to reflect the costs avoided by BellSouth when selling a service for wholesale purposes.

  • Standby Pay 19.01 When an Employee is designated to be immediately available to return to work during a period in which they are not on regular duty, the Employee shall be paid the amount of one-half (½) hours’ pay at their regular rate for each four (4) hours on standby or major portion thereof on a day that is not a paid holiday. For standby on a paid holiday, the payment shall be one (1) hours’ pay at the regular rate for each four (4) hours on standby or major portion thereof.

  • Applicable Rates Any applicable compensation for overtime and holidays shall be paid in conjunction with the full-time or regularly scheduled part-time employees’ regular pay check for the pay period in which such work was performed.

  • Letter of Credit Fees, Etc (i) The Borrower shall pay to the Administrative Agent for the account of each Lender a commission, payable in arrears quarterly on the last day of each March, June, September and December, and on the Termination Date, on such Lender’s Pro Rata Share of the average daily aggregate Available Amount during such quarter of all Letters of Credit outstanding from time to time at the rate of the Applicable Margin for Eurodollar Rate Advances under the Revolving Facility.

  • Times of Day; Rates Unless otherwise specified, all references herein to times of day shall be references to Eastern time (daylight or standard, as applicable). The Administrative Agent does not warrant, nor accept responsibility, nor shall the Administrative Agent have any liability with respect to the administration, submission or any other matter related to the rates in the definition of “Eurodollar Rate” or with respect to any comparable or successor rate thereto.

  • Accrual Rates All eligible employees shall accrue vacation pay according to the following rates:

  • Applicable Margin On any date the Applicable Margin for LIBOR Rate Loans and Base Rate Loans shall be as set forth below based on the ratio of the Consolidated Total Indebtedness of REIT and its respective Subsidiaries to the Gross Asset Value of REIT and its respective Subsidiaries: Pricing Level Ratio LIBOR Rate Loans Base Rate Loans Pricing Level 1 Less than or equal to 35% 2.50 % 1.25 % Pricing Level 2 Greater than 35% but less than or equal to 40% 2.75 % 1.50 % Pricing Level 3 Greater than 40% but less than or equal to 45% 3.00 % 1.75 % Pricing Level 4 Greater than 45% but less than or equal to 55% 3.25 % 2.00 % Pricing Level Ratio LIBOR Rate Loans Base Rate Loans Pricing Level 5 Greater than 55% 3.50 % 2.25 % The initial Applicable Margin shall be at Pricing Level 4. The Applicable Margin shall not be adjusted based upon such ratio, if at all, until the first (1st) day of the first (1st) month following the delivery by Borrower to the Agent of the Compliance Certificate after the end of a calendar quarter. In the event that Borrower shall fail to deliver to the Agent a quarterly Compliance Certificate on or before the date required by §7.4(c), then without limiting any other rights of the Agent and the Lenders under this Agreement, the Applicable Margin for Loans shall be at Pricing Level 5 until such failure is cured within any applicable cure period, or waived in writing by the Required Lenders, in which event the Applicable Margin shall adjust, if necessary, on the first (1st) day of the first (1st) month following receipt of such Compliance Certificate. In the event that the Agent and the Borrower determine that any financial statements previously delivered were incorrect or inaccurate (regardless of whether this Agreement or the Commitments are in effect when such inaccuracy is discovered), and such inaccuracy, if corrected, would have led to the application of a higher Applicable Margin for any period (an “Applicable Period”) than the Applicable Margin applied for such Applicable Period, then (i) the Borrower shall as soon as practicable deliver to the Agent the corrected financial statements for such Applicable Period, (ii) the Applicable Margin shall be determined as if the Pricing Level for such higher Applicable Margin were applicable for such Applicable Period, and (iii) the Borrower shall within three (3) Business Days of demand thereof by the Agent pay to the Agent the accrued additional amount owing as a result of such increased Applicable Margin for such Applicable Period, which payment shall be promptly applied by the Agent in accordance with this Agreement.

  • Interest Rates and Letter of Credit Fee Rates Payments and Calculations Interest Rates. (I) Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of Credit and Term Obligations) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof (from the date of incurrence through but excluding the date of repayment or prepayment (whether by acceleration or otherwise)) as follows: if the relevant Obligation is a LIBOR Rate Loan denominated in Dollars, at a per annum rate equal to the LIBOR Rate plus the Applicable Margin for LIBOR Rate Loans, if the relevant Obligation is a LIBOR Rate Loan denominated in Euros, at a per annum rate equal to the LIBOR Rate plus the Applicable Margin for LIBOR Rate Loans, if the relevant Obligation is a Swingline Loan, a per annum rate equal to the overnight LIBO Rate plus its Applicable Margin for Overnight LIBO Loans, and otherwise in respect of Revolver Obligations, at a per annum rate equal to the Base Rate plus the Applicable Margin for Base Rate Loans.

  • Standby Time All standby time shall be considered as regular hours worked and shall be compensated on a straight time or overtime basis as are other hours worked under this Agreement.

  • Standby An employee who is required to remain available for duty on standby, outside the normal working hours for that particular employee, shall receive standby pay in the amount of $3.30 per hour for all hours on standby. Effective September 29, 2016, where such standby duty falls on a paid holiday, as set out in the Appendix of Local Provisions, the employee shall receive standby pay in the amount of $4.90 per hour. Standby pay shall, however, cease where an employee is called into work under Article 15.06 above and works during the period of standby.

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