Levy Band definition

Levy Band. – means the band, as shown in Table 6 in Part 7 of the Insolvency Risk Appendix, to which a LR refers.
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Examples of Levy Band in a sentence

  • Supermarket Ltd has a Levy Band for which the Levy Rate is 0.40% and net assets of £400m, whilst Supermarché S.A. has a Levy Band for which the associated PPF Levy Rate is 0.23% and net assets of £2billion.

  • An Increase In Gearing of the following amounts will cause the Certified Guarantor's LR to be the LR associated with a Levy Band which is a higher number by the number of bands set out in the following table, subject to the result being no higher than band 10: Increase In GearingIncrease in Levy Band For the avoidance of doubt, an Increase In Gearing of less than 0.1 shall mean that the LR of the Certified Guarantor will not be adjusted.

  • The Mean Score has been matched to a Levy Band and Levy Rate in the same way as would apply to a UK employer.What if Mean Scores cannot be calculated for all of a scheme’s employers?Where Mean Scores cannot be calculated for all of a scheme’s employers, an average Levy Rate calculation has been used in the risk- based levy for those employers it has not been possible to score.

  • You should make it clear to D&B that you wish to appeal the Mean Score, Levy Band and/or Levy Rate.

  • The 2002 Program shall become effective on the date it is approved by the requisite vote of the stockholders of Minnesota Mining and Manufacturing Company, and shall expire (unless it is terminated before then) on the third anniversary of such effective date.

  • The Board will (subject to certain exceptions, detailed below) apply a formula which may result in a downgrading to a guarantor’s Levy Band to take account of the amount guaranteed under the Type A guarantee(s).

  • In order to be taken into account in the risk-based levy calculation for a particular Levy Year, the insolvency risk of the scheme after making any substitutions of the guarantor’s Levy Band (as set out in paragraph 17 of the Contingent Asset Appendix) at the start of the Levy Year must be lower than the scheme’s insolvency risk without such substitutions.

  • When can an Experian Appeal be made?Appeals to Experian can be made once Appealable Scores (Mean Score, Levy Band or Levy Rate (including where it is based on an averaged calculation)) are available.

  • Each Levy Band has its own Levy Rate which is used in the calculation.Section 2 provides a more detailed explanation including the way in which employers are categorised within the PPF-specific model, how we calculate insolvency risk for multiple employer schemes, and how parental guarantees (Type A contingent assets) can affect this part of the calculation.

  • However, where the guarantee would increase the guarantor’s gearing by between 0.1 and <0.5 then there will be a move of one Levy Band.

Related to Levy Band

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  • PDS means the Department of State of the Commonwealth of Pennsylvania.

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  • Load Serving Entity or “LSE” shall have the meaning specified in the Reliability Assurance Agreement.

  • Provost means the Provost of the University;

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  • OCONUS is defined as other than the 48 contiguous states plus the District of Columbia. It is anticipated that there may be task orders for work OCONUS. The U.S. Department of State’s Bureau of Administration, Office of Allowances, publishes quarterly report indexes of living costs abroad, per-diem rate maximums, quarter’s allowances, hardship differentials, and danger pay allowances. The Department of State Standardized Regulations (DSSR) is the controlling regulations for allowances and benefits available to all U.S. Government civilians assigned to foreign areas. For task orders issued under OASIS SB, Contractor civilians assigned to foreign areas may receive the allowances and benefits in the DSSR but, shall not receive allowance and benefits in excess of those identified in the DSSR. For OCONUS task orders where costs are not specifically addressed in the DSSR, the Government will reimburse the Contractor for all reasonable, allowable, and allocable costs in accordance with FAR 31, Contract Cost Principles and Procedures, and other applicable agency specific regulatory supplements.

  • Handler means a person who takes title to and is engaged in the operation of packing, cleaning, drying, packaging, sizing, hauling, grading, selling, offering for sale, or marketing a marketable agricultural commodity or an agricultural commodity input in commercial quantities as defined in a marketing program, who as owner, agent, or otherwise, ships or causes an agricultural commodity or agricultural commodity input to be shipped.