HIGHER RATE APPLICABLE Sample Clauses

HIGHER RATE APPLICABLE. The Employer agrees that any Employees who are employed on work specified in Article 6 who are re- quired to work within the territorial jurisdiction of any other Local Union covered by the terms of the Col- lective Agreement whose gross wage (i.e. wage rate, welfare and/or pension fund and vacation pay per- centage, etc.) are higher than those contained in the Local’s schedule, then the higher gross wage of the job site local will apply. All of the work covered by the terms and condi- tions of this Collective Agreement shall be performed by qualified Roofing Personnel recognized by the Lo- cal Union.
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HIGHER RATE APPLICABLE. The Employer agrees that any Employees who are employed on work specified in Article 6 who are re- quired to work within the territorial jurisdiction of any other Local Union covered by the terms of the Col- lective Agreement whose gross wage (i.e. wage rate, welfare and/or pension fund and vacation pay percent- age, etc.) are higher than those contained in the Local’s schedule, then the higher gross wage of the job site local will apply. All of the work covered by the terms and conditions of this Collective Agreement shall be performed by qualified Roofing Personnel by the Local Union.
Sample 1
HIGHER RATE APPLICABLE. The Employer agrees that any Employees who are employed on work specifiedin who are required to work within the territorialjurisdiction of any other Local Unioncovered by the terms of the CollectiveAgreement whose gross wage (i.e. wage rate, welfare pen- sion fund and vacation pay percentage, etc.) are higher than those contained in the Local’sschedule, then the higher gross wage of the job site local will apply. All of the work covered by the terms and conditionsof this Collective Agreement shall be performed by quali- fied Roofing Personnel recognized by the Local Union.
Sample 1
HIGHER RATE APPLICABLE. The Employer agrees that any Employees who are employed on work specified in Article 6 who are re- quired to work within the territorial jurisdiction of any other Local Union covered by the terms of the Collec- tive Agreement whose gross wage (i.e. wage rate, wel- fare and/or pension fund and vacation pay percent- age, etc.) is higher than that contained in the Local’s schedule, then the higher gross wage of the job site local will apply. If the job site local’s gross wage rate is lower, than the higher gross wage of the member’s home local shall apply. Regardless of the location of the work being per- formed, any dues deductions and remittances re- quired by the provisions of this Collective Agreement shall be carried out as if the employee was working within the geographic jurisdiction of his home local. All of the work covered by the terms and condi- tions of this Collective Agreement shall be performed by qualified Roofing Personnel recognized by the Lo- cal Union.
Sample 1
HIGHER RATE APPLICABLE. The Employer agrees that any Employees who are employed on work specified in Article who are re- quired to work within the territorial jurisdiction of any other Local Union covered by the terms of the Col- lective Agreement whose gross wage wage rate, welfare pension fund and vacation pay percent- age, etc.) are higher than those contained in the Lo- cal’s schedule, then the higher gross wage of the job site local will apply. All of the work covered by the terms and conditions of this Collective Agreement shall be performed by qualified Roofing Personnel recognized by the Local Union.
Sample 1

Related to HIGHER RATE APPLICABLE

  • Interest Rate Risk When the interest rate rises, the price of a fixed rate bond will normally drop. If investors want to sell their bond before it matures, they may get less than their purchase price.

  • Prevailing Wage Rate Applicable to Bid Submissions A copy of the applicable prevailing wage rates to be paid or provided are annexed to the Bid Documents. Bidders must submit Bids which are based upon the prevailing hourly wages, and supplements in cash or equivalent benefits (i.e., fringe benefits and any cash or non-cash compensation which are not wages, as defined by law) that equal or exceed the applicable prevailing wage rate(s) for the location where the work is to be performed. Bidders may not submit Bids based upon hourly wage rates and supplements below the applicable prevailing wage rates as established by the New York State Department of Labor. Bids that fail to comply with this requirement will be disqualified.

  • Determination of Interest Rates for the LIBOR Floating Rate Classes The Interest Rates for the LIBOR Floating Rate Classes for each Interest Accrual Period shall be determined by Xxxxxx Xxx or the Paying Agent on the Index Determination Date in the month following the month in which the Settlement Date occurs and on each Index Determination Date thereafter so long as the LIBOR Floating Rate Classes are outstanding on the basis of LIBOR and the applicable formulae specified in the Prospectus Supplement or the Lower Tier Schedule, as the case may be. For any period during which LIBOR for any LIBOR Floating Rate Class is to be determined on the basis of the “LIBO Method” (as defined in the Prospectus), until such Class is paid in full, Xxxxxx Mae shall at all times retain at least four Reference Banks (as defined in the Prospectus). The Paying Agent and Xxxxxx Xxx shall have no liability or responsibility to any Person for (i) the selection of any Reference Bank for purposes of determining LIBOR or (ii) any inability to retain at least four Reference Banks which is caused by circumstances beyond their reasonable control. In determining LIBOR, any Interest Rate for the LIBOR Floating Rate Classes or any Reserve Interest Rate (as defined in the Prospectus), Xxxxxx Mae or the Paying Agent may conclusively rely and shall be protected in relying upon the rates or offered quotations (whether written, oral or disseminated by means of an electronic information system) provided by the sources specified in the Prospectus. Neither Xxxxxx Xxx nor the Paying Agent shall have any liability or responsibility to any Person for (i) the Paying Agent’s selection of New York City banks for purposes of determining any Reserve Interest Rate or (ii) its inability, following a good-faith reasonable effort, to obtain the applicable rates or quotations or to determine the arithmetic mean of such quotations, all as provided for in the Prospectus.

  • Base Rate The greater of (a) the variable annual rate of interest announced from time to time by Agent at Agent's Head Office as its "prime rate" or (b) one-half of one percent (0.5%) above the Federal Funds Effective Rate (rounded upwards, if necessary, to the next one-eighth of one percent). The Base Rate is a reference rate and does not necessarily represent the lowest or best rate being charged to any customer. Any change in the rate of interest payable hereunder resulting from a change in the Base Rate shall become effective as of the opening of business on the day on which such change in the Base Rate becomes effective, without notice or demand of any kind.

  • Interest Rate Limitation Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”). If the Administrative Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrower. In determining whether the interest contracted for, charged, or received by the Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable Law, (a) characterize any payment that is not principal as an expense, fee, or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder.

  • Interest Rates (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

  • Y-Rate The Board of Supervisors may adopt a Y-rate to apply to: (1) an employee who would suffer an actual decrease in salary as a result of action taken by the County, without fault or inability on the part of the employee, or (2) an employee who is changing from one (1) class series to another, as a normal consequent of career development through the County's upward mobility program, and the salary of the class the employee enters in the new class series is less than the salary the employee was receiving in the former class. A Y-rate means a salary rate, for an individual employee, which is greater than the established range for the class.

  • Market Disruption (a) If a Market Disruption Event occurs in relation to a Loan for any Interest Period, then the rate of interest on each Lender’s share of that Loan for the Interest Period shall be the percentage rate per annum which is the sum of:

  • Base Rates Attached to and made a part of this Agreement is Appendix A which sets forth the straight-time hourly rates for all employees covered by this Agreement.

  • Accrual Rate Compensatory time for employees will accrue at the rate of one and one-half hours for each one hour of overtime worked.

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