Charges Based on the Sample Clauses

Charges Based on the. Average Number of Active Serviced Employees or Term Vested Annuitants and number of Active Serviced Employees Charges based on the average number of Active Serviced Employees include the following functions: [***]* Charges based on the average number of Active Serviced Employees and Term Vested Annuitants shall include Benefits. The relevant employee database will be used to track Active Serviced Employees and Term Vested Annuitants as the master repository for Active Serviced Employee and Term Vested Annuitants information. When an Active Serviced Employee or Term Vested Annuitants is added or removed, the relevant employee database will be updated with this information. Charges based on the average number of Active Serviced Employees and Term Vested Annuitants will be derived from the weighted average number of Active Serviced Employees supported in BPA . Weighted average will be calculated by taking the number of Active Serviced Employees and Term Vested Annuitants (where applicable) for both the first and last day of the month and dividing by two (2). In addition to the Resource Volumes for Active Serviced Employee, HR Information Services will have limitations on the number of reports (as these requests will come through HR Information Services in support of multiple Processes). This will be dependent upon the level of staffing. Reports shall be included in the IT Work Units structure (as defined in Section 5.2.4 below) determined during Baseline Validation. In order to ensure that Exult can implement desired Process improvements and gain sharing while still providing flexibility in meeting BPA's needs, Payroll will be subject to two additional measurements beyond the Active Serviced Employee measurement. Manual cheques will be subject to a surcharge of [***]* per cheque and off-cycle Payroll runs shall be subject to an agreed surcharge.
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Charges Based on the. Average Number of Active Serviced Employees Charges based on the average number of Active Serviced Employees include the following functions: [***]* The relevant employee database will be used to track Active Serviced Employees as the master repository for Active Serviced Employee information. When an Active Serviced Employee is added or removed, the relevant employee database will be updated with this information. Charges based on the average number of Active Serviced Employees will be derived from the weighted average number of Active Serviced Employees supported in BPA. Weighted average will be calculated by taking the number of Active Serviced Employees for both the first and last day of the month and dividing by two (2). In addition to the Resource Volumes for Active Serviced Employee, HR Information Services will have limitations on the number of reports (as these requests will come through HR Information Services in support of multiple Processes). This will be dependent upon the level of staffing. Reports shall be included in the IT Work Units structure (as defined in Section 5.2.4 below) determined during Baseline Validation. In order to ensure that Exult can implement desired Process improvements and gain sharing while still providing flexibility in meeting BPA's needs, Payroll will be subject to two additional measurements beyond the Active Serviced Employee measurement. Manual cheques will be subject to a surcharge of [***]* per cheque and off-cycle Payroll runs shall be subject to an agreed surcharge.

Related to Charges Based on the

  • INTEREST ON PAST-DUE OBLIGATIONS Except as expressly herein provided, any amount due to Lessor not paid when due shall bear interest at the maximum rate then allowable by law from the date due. Payment of such interest shall not excuse or cure any default by Lessee under this Lease, provided, however, that interest shall not be payable on late charges incurred by Lessee nor on any amounts upon which late charges are paid by Lessee.

  • Interest on the Term Loan Subject to the provisions of Section 2.8, the Term Loan shall bear interest as follows:

  • Interest on Past Due Amounts In addition to the late charge described in Article 14 below, if any installment of Annual Basic Rent or Additional Rent is not paid promptly when due, it shall bear interest at the Default Rate; provided, however, this provision shall not relieve Tenant from any default in the making of any payment at the time and in the manner required by this Lease; and provided, further, in no event shall the Default Rate exceed the maximum rate (if any) permitted by applicable law.

  • Interest on the Loan Interest on the Loan shall accrue as set forth in the Note.

  • Interest on the Loans A. RATE OF INTEREST. Subject to the provisions of subsections 2.6 and 2.7, each Term Loan and each Revolving Loan shall bear interest on the unpaid principal amount thereof from the date made through maturity (whether by acceleration or otherwise) at a rate determined by reference to the Base Rate or the Adjusted Eurodollar Rate. Subject to the provisions of subsection 2.7, each Swing Line Loan shall bear interest on the unpaid principal amount thereof from the date made through maturity (whether by acceleration or otherwise) at a rate determined by reference to the Base Rate. The applicable basis for determining the rate of interest with respect to any Term Loan or any Revolving Loan shall be selected by Company initially at the time a Notice of Borrowing is given (or telephonic notice followed by a Notice of Borrowing) with respect to such Loan pursuant to subsection 2.1B, and the basis for determining the interest rate with respect to any Term Loan or any Revolving Loan may be changed from time to time pursuant to subsection 2.2D. If on any day a Term Loan or Revolving Loan is outstanding with respect to which notice has not been delivered to Administrative Agent in accordance with the terms of this Agreement specifying the applicable basis for determining the rate of interest, then for that day that Loan shall bear interest determined by reference to the Base Rate.

  • Interest on Payments Any payment by the Receiver pursuant to Section 2.6(d) shall be made together with interest on the amount thereof that accrues with effect from five (5) Business Days after the date on which payment was agreed or determined to be due until such amount is paid. The annual interest rate shall be determined by the Receiver based on the coupon equivalent of the three (3)-month U.S. Treasury Xxxx Rate in effect as of the first Business Day of each Calendar Quarter during which such interest accrues as reported in the Federal Reserve Board Statistical Release for Selected Interest Rates H.15 opposite the caption “Treasury bills (secondary market), 3-Month” or, if not so reported for such day, for the next preceding Business Day for which such rate was so reported.

  • Taxes, Charges and Liens Pay and discharge when due all of its indebtedness and obligations, including without limitation all assessments, taxes, governmental charges, levies and liens, of every kind and nature, imposed upon Borrower or its properties, income, or profits, prior to the date on which penalties would attach, and all lawful claims that, if unpaid, might become a lien or charge upon any of Borrower’s properties, income, or profits. Provided however, Xxxxxxxx will not be required to pay and discharge any such assessment, tax, charge, xxxx, xxxx or claim so long as (1) the legality of the same shall be contested in good faith by appropriate proceedings, and (2) Borrower shall have established on Borrower’s books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with GAAP.

  • Interest on Term Loans The outstanding principal amount of each Term Loan made by each Lender shall bear interest at a fluctuating rate per annum that shall at all times be equal to (i) during such periods as such Term Loan is a Base Rate Loan, the Base Rate plus the Applicable Margin in effect from time to time, and (ii) during such periods as such Term Loan is a Eurodollar Loan, the relevant Adjusted Eurodollar Rate for such Eurodollar Loan for the applicable Interest Period plus the Applicable Margin in effect from time to time.

  • Payment of default interest on overdue amounts The Borrower shall pay interest in accordance with the following provisions of this Clause 7 on any amount payable by the Borrower under any Finance Document which the Agent, the Security Trustee or the other designated payee does not receive on or before the relevant date, that is:

  • Interest on Term Loan The Credit Agreement is hereby further amended by deleting ss.4.5.1. thereto in its entirety and substituting in lieu thereof the following new ss.4.5.1.:

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