P Rate definition

P Rate. An employee who meets the criteria in Subsection A, paragraphs (1) through (3) above, shall be paid 40 cents per hour for all hours in pay status. Prison "P" rate shall be in addition to, and not a part of, the employee's base pay. Effective upon ratification of this agreement by the Civil Service Commission, an employee who meets the criteria in Subsection A, paragraph (4) above, shall also be entitled to the 40 cents per hour "P" rate as described above.
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Examples of P Rate in a sentence

  • Each determination of a Series P Rate pursuant to the provisions of this Agreement shall be made by the Series P Agent and shall be conclusive and binding on the Company and the holders of the Series P Notes in the absence of manifest error.

  • In the case of manifest error, any holder of a Series P Note or the Company may object to such quoted Series P Rate by written notice delivered to the Company or the Series P Agent, as the case may be, detailing the reasons for such objection.

  • The Series P Notes shall bear interest on the outstanding principal amount thereof at a rate per annum equal to the Series P Rate determined in accordance with Section 4.1(d).

  • Upon delivery of any such notice of objection, the Series P Agent and the Company shall cooperate to promptly determine the correct Series P Rate and such correct Series P Rate shall be the then applicable Series P Rate for the applicable Series P Notes.

  • Each of the holders of the Series P Notes and the Company shall make the required adjustments to the amount of interest payable on the first interest payment date next succeeding the date of the determination of the correct Series P Rate as are necessary to reflect the application of such correct Series P Rate.

  • Notwithstanding the other provisions of this Section 4.1(d) (A) for the period from March 1, 2002 through April 30, 2002 the Series P Rate will be 4.37% per annum and (B) on April 30, 2002 the Company will pay interest on the Series P Notes in an amount equal to (1) $98,567.77 plus (2) interest accrued at the Series P Rate for the period from March 1, 2002 through April 30, 2002 as provided in clause (A) above.

  • Notwithstanding the other provisions of this Section 4.1(d) (A)for the period from March 1, 2002 through April 30, 2002 the Series P Rate will be 4.37% per annum and (B) on April 30, 2002 the Company will pay interest on the Series P Notes in an amount equal to (1) $98,567.77 plus (2) interest accrued at the Series P Rate for the period from March 1, 2002 through April 30, 2002 as provided in clause (A) above.

Related to P Rate

  • One Month LIBOR Rate means, with respect to any interest rate calculation for a Loan or other Obligation bearing interest at the Alternate Base Rate, a rate per annum equal to the quotient (rounded upward if necessary to the nearest 1/16th of one percent (0.0625%)) of (i) the rate per annum referred to as the BBA (British Bankers Association) LIBOR RATE as reported on Reuters LIBOR page 1, or if not reported by Reuters, as reported by any service selected by Administrative Agent on the applicable day (provided that if such day is not a Eurodollar Banking Day for which a Eurodollar Rate is quoted, the next preceding Eurodollar Banking Day for which a Eurodollar Rate is quoted) at or about 11:00 a.m., London time (or as soon thereafter as practicable), for Dollar deposits being delivered in the London interbank eurodollar currency market for a term of one month commencing on such date of determination, divided by (ii) one minus the Reserve Requirement in effect on such day. If for any reason rates are not available as provided in clause (i) of the preceding sentence, the rate to be used in clause (i) shall be, at Administrative Agent’s discretion (in each case, rounded upward if necessary to the nearest one-sixteenth (1/16) of one percent (0.0625%)), (1) the rate per annum at which Dollar deposits are offered to the Administrative Agent in the London interbank eurodollar currency market or (2) the rate at which Dollar deposits are offered to the Administrative Agent in, or by ▇▇▇▇▇ Fargo to major banks in, any offshore interbank eurodollar market selected by Administrative Agent, in each case on the applicable day (provided that if such day is not a Eurodollar Banking Day for which Dollar deposits are offered to Administrative Agent in the London interbank eurodollar currency market, the next preceding Eurodollar Banking Day for which Dollar deposits are offered to Administrative Agent in the London interbank eurodollar currency market) at or about 11:00 a.m., London time (or as soon thereafter as practicable) (for delivery on such date of determination) for a one month term. Each determination by Administrative Agent pursuant to this definition shall be conclusive absent manifest error.

  • CP Rate means, for any Conduit Purchaser and for any Yield Period for any Portion of Capital (a) the per annum rate equivalent to the weighted average cost (as determined by the applicable Purchaser Agent and which shall include commissions of placement agents and dealers, incremental carrying costs incurred with respect to Notes of such Person maturing on dates other than those on which corresponding funds are received by such Conduit Purchaser, other borrowings by such Conduit Purchaser (other than under any Program Support Agreement) and any other costs associated with the issuance of Notes) of or related to the issuance of Notes that are allocated, in whole or in part, by the applicable Purchaser Agent to fund or maintain such Portion of Capital (and which may be also allocated in part to the funding of other assets of such Conduit Purchaser); provided, however, that if any component of such rate is a discount rate, in calculating the “CP Rate” for such Portion of Capital for such Yield Period, the applicable Purchaser Agent shall for such component use the rate resulting from converting such discount rate to an interest bearing equivalent rate per annum; provided, further, that notwithstanding anything in this Agreement or the other Transaction Documents to the contrary, the Seller agrees that any amounts payable to the Purchasers in respect of Discount for any Yield Period with respect to any Portion of Capital funded by such Purchaser at the CP Rate shall include an amount equal to the portion of the face amount of the outstanding Notes issued to fund or maintain such Portion of Capital that corresponds to the portion of the proceeds of such Notes that was used to pay the interest component of maturing Notes issued to fund or maintain such Portion of Capital, to the extent that such Purchaser had not received payments of interest in respect of such interest component prior to the maturity date of such maturing Notes (for purposes of the foregoing, the “interest component” of Notes equals the excess of the face amount thereof over the net proceeds received by such Purchaser from the issuance of Notes, except that if such Notes are issued on an interest-bearing basis its “interest component” will equal the amount of interest accruing on such Notes through maturity) or (b) any other rate designated as the “CP Rate” for such Conduit Purchaser in an Assumption Agreement or Transfer Supplement pursuant to which such Person becomes a party as a Conduit Purchaser to this Agreement, or any other writing or agreement provided by such Conduit Purchaser to the Seller, the Servicer and the applicable Purchaser Agent from time to time. The “CP Rate” for any day while a Termination Event or an Unmatured Termination Event exists shall be an interest rate equal to 2.0% per annum above the Base Rate as in effect on such day.

  • Three-Month LIBOR Rate means the rate determined in accordance with the following provisions:

  • Curr Rate CLTV: Prin Bal: Maturity Date: Lien Pos: 4157261 VA 300 14 93801 58000 654.14 757 415726100000000 8 298 1 129000 11/16/2000 21 Stephens City 22655 2 13.000 118 57974.18 11/24/2025 2 4157379 OH 180 14 92796 25000 316.15 685 415737900000000 6 178 1 106000 11/13/2000 24 Lancaster 43130 2 12.990 112 24908.45 11/20/2015 2 4157391 MD 240 14 116702 51500 621.43 691 415739100000000 9 239 1 146000 12/15/2000 45 HAGERSTOWN 21742 2 13.490 116 51457.52 12/26/2020 2 4157392 AK 300 14 121611.38 50000 611.46 665 415739200000000 8 299 1 175000 12/08/2000 35 PALMER 99645 2 14.250 99 49982.29 12/15/2025 2 4157393 PA 120 14 89667 23500 350.74 698 415739300000000 5 119 1 100000 12/20/2000 45 FRANKLIN 16323 2 12.990 114 23403.65 12/27/2010 2 4157394 VA 300 14 48012 37500 458.6 663 415739400000000 8 299 1 80000 12/13/2000 45 CROZET 22932 2 14.250 107 37486.71 12/18/2025 2 4157395 KY 300 4 77400 30100 350.63 683 415739500000000 8 299 1 86000 12/08/2000 46 BELLEVUE 41073 2 13.490 125 30087.74 12/13/2025 2 4157397 IN 300 14 88124 30000 349.47 686 415739700000000 8 299 1 94500 12/21/2000 46 ELKHART 46516 2 13.490 125 29987.78 12/29/2025 2 4157398 IN 300 14 87248.42 26225 371.87 682 415739800000000 8 299 1 96000 12/14/2000 42 MOORESVILLE 46158 2 16.750 119 26219.19 12/21/2025 2 4157399 KS 240 14 80750 25500 307.7 689 415739900000000 9 239 1 85000 12/12/2000 31 CHANUTE 66720 2 13.490 125 25478.96 12/18/2020 2 4157401 OH 180 14 67670 42000 545.01 689 415740100000000 6 179 1 98000 12/08/2000 39 LEIPSIC 45856 2 13.490 112 41927.14 12/15/2015 2 4157402 MD 180 14 141974 47000 594.35 720 415740200000000 6 179 1 152000 12/19/2000 41 BELCAMP 21017 2 12.990 125 46914.43 12/26/2015 2 4157403 VA 180 14 78530 44000 556.42 712 415740300000000 6 179 1 101053 12/08/2000 45 VIRGINIA BEACH 23454 2 12.990 122 43919.88 12/15/2015 2 4157404 IN 300 14 104296 55700 627.78 718 415740400000000 8 299 1 128000 12/06/2000 38 LEBANON 46052 2 12.990 125 55675.17 12/14/2025 2 4157406 OH 240 14 80750 25500 289.54 727 415740600000000 9 239 1 85000 12/13/2000 44 NEWARK 43055 2 12.490 125 25475.87 12/18/2020 2 4157407 OH 240 14 81685.73 30000 434.35 652 415740700000000 9 239 1 90000 12/08/2000 45 DAYTON 45416 2 16.750 125 29984.4 12/15/2020 2

  • Cap Rate With respect to any Calculation Period, the rate set forth for such period in the Schedule of Notional Amounts attached hereto. Floating Rate Payer Period End Dates: The 25th calendar day of each month during the Term of this Transaction, commencing April 25, 2007 and ending on the Termination Date, subject to adjustment in accordance with the Business Day Convention. Floating Rate Payer Payment Dates: Early Payment shall be applicable. One Business Day preceding each Floating Rate Payer Period End Date. Floating Rate Option: USD-LIBOR-BBA, provided, however, that if the Floating Rate determined from such Floating Rate Option for any Calculation Period is greater than 9.00000% then the Floating Rate for such Calculation Period shall be deemed to be 9.00000%.