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 has the meaning assigned in Section 2.2.

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.

Examples of Adjusted Rate in a sentence

• During the Extended Term and except for any time when the Default Rate or the Adjusted Rate is applicable pursuant to the terms of this Agreement, the Loan (including any amounts added to principal under the Loan Documents) shall bear interest at the Contract Rate.

• No interest, or sum of money in lieu of interest, shall be payable in respect of any dividend payment or payments on Series A Preferred Stock which may be in arrears, whether at the Stated Rate, Adjusted Rate or at the Penalty Rate.

• During the Extended Term and except for any time when the Default Rate or the Adjusted Rate is applicable pursuant to the terms of this Agreement, the Loan (including any amounts added to principal under the Loan Documents) shall bear interest at the Interest Rate.

More Definitions of Adjusted Rate

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 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 a rate other than the established fixed rate of reimbursement.

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.