Cost Rate means the percentage obtained by dividing net benefits paid for a calendar year by the total wages for the same period. [PL 1973, c. 563, §3 (RPR).]
Cost Rate means the rate calculated using historical operating costs and adjustment factors up to the limit rate for direct care, other direct care, and indirect care. The cost rate shall include an efficiency incentive and operating margin.
Cost Rate as measured on the Initial Closing Date or any Reporting Date means a per annum percentage rate equal to the sum of (i) the LIBO Rate for the Initial Closing Date or the related Settlement Period, as the case may be, plus (ii) 1.50%.
Examples of Cost Rate in a sentence
For instance, if an organization is claiming indirect costs, the documentation that is required is a Negotiated Indirect Cost Rate Agreement or Cost Allocation Plan issued by the grantee’s Federal cognizant agency.
This right of examination shall also include examination and audit of any records considered, relied upon, or relating to the determination of the Indirect Cost Rate or any certification thereof, including any CPA audit relied upon to establish the rate.
Code § 8546.7, the CONSULTANT, Subconsultants, and LOCAL AGENCY shall maintain all books, documents, papers, accounting records, Independent CPA Audited Indirect Cost Rate workpapers, and other evidence pertaining to the performance of the AGREEMENT including, but not limited to, the costs of administering the AGREEMENT.
If Subrecipient does not have an approved Indirect Cost Rate Proposal, Subrecipient shall develop a proposal for determining the appropriate CDBG-DR share of indirect costs and shall submit it to the Department for approval prior to submission of Financial Reports for reimbursement of indirect cost expenditures.
Indirect Cost Rate Proposal - means the documentation prepared by a governmental unit or subdivision thereof to substantiate its request for the establishment of an indirect cost rate as further defined in 2 CFR 200.56 and 2 CFR 200.57.
More Definitions of Cost Rate
Cost Rate means the cost of compliance with existing requirements of the Bank of England and/or the Financial Services Authority (or any authority which replaces all or any of their functions) or the requirements of the European Central Bank, in each case to be calculated in accordance with the Cost Rate Schedule attached hereto as Schedule 1.1.
Cost Rate. For any day during a Due Period means a rate equal to (a) the sum of (i) the LIBOR Rate for such Due Period, plus (ii) 2.00% divided by (b) 360.
Cost Rate means the annual salary actually received by a teacher placed on Category 4 (years of university education/training) and maximum (years of teaching experience) (Category 4 max) for the 2007/08 school year. The average “cost rate” for the salaries in the applicable ratified collective agreement will be calculated and then divided by Pembina Hills’ salary of $75,409. The resulting adjustment factor will be applied to each cell of the restructured (5/6 roll up incorporated) salary grid. The monetary values for each cell will then be entered into the salary grid effective September 1, 2007. End Rate Calculation
Cost Rate as measured on the Initial Closing Date, any Seller Addition Date or any Reporting Date, as the case may be, means a per annum percentage rate equal to the sum of (i) the LIBO Rate for the Initial Closing Date, such Seller Addition Date or the related Settlement Period, as the case may be, plus (ii) 5.0%. "LIBO Rate" for the Initial Closing Date, any Seller Addition Date or any Settlement Period, as the case may be, means the offered rate per annum (rounded upwards, if necessary, to the nearest 1/16th of one percent) appearing in The Wall Street Journal for three month LIBOR loans on the Initial Closing Date, such Seller Addition Date or the first Business Day of such Settlement Period, as the case may be.
Cost Rate means, for any Originator on any Servicer Report --------- Date, the percentage established on such Servicer Report Date as such by agreement of such Originator and the Purchaser; provided, however, -------- ------- that if such Originator and the Purchaser are unable to so agree as to the Cost Rate applicable to any Servicer Report Date, the Cost Rate shall equal the product of (i) the quotient of the Average Maturity divided by 180 multiplied by (ii) the sum of (a) the Eurodollar Rate on such Servicer Report Date plus (b) 1.125% plus (c) the Servicing Fee Rate on such Servicer Report Date plus (d) the amount, expressed as a per annum percentage rate, of any fees, costs and expenses incurred by the Purchaser during the month immediately preceding such Servicer Report Date (and not accounted for in clauses (a), (b) or (c) above), including, without limitation, reserve costs, tax payments, commitment fees and indemnity obligations of the Purchaser for which the Purchaser is not indemnified pursuant to this Agreement; provided, however, -------- ------- that, for purposes of minimizing fluctuations in the rate calculated as the Cost Rate, the Purchaser may allocate and spread any unscheduled or unaccruable costs and expenses of the Purchaser over several Servicer Reporting Dates, subject to the requirement that such allocation be reasonably calculated to allow the Purchaser to recover such costs and expenses over a reasonable period of time.
Cost Rate means the cost of complying with the requirements of authorities in the applicable jurisdictions outside of the United States of America with respect to the funding of Advances in the applicable Agreed Currency in that jurisdiction, as determined by the Agent consistent with its customary practices, policies and procedures, with the methodology for calculating the "Cost Rate" with respect to Advances funded in British Pounds Sterling as in effect on the initial Credit Extension Date being set forth on Supplemental Schedule I attached hereto. -----------------------
Cost Rate as measured on any Reporting Date means a per annum percentage rate equal to the sum of (i) the blended Purchaser Rate applicable during the previous calendar month, plus (ii) the percentage used in calculating the Servicer's Fee for the previous calendar month, plus (iii) .02% (or such higher percentage which such Originator and the Company shall specify in good faith so that the purchase price reflects the related fair market value of the related Receivables), plus (iv) the amount, expressed as a per annum percentage rate, of any fees, costs and expenses incurred by the Company during the previous calendar month (and not accounted for in the foregoing clauses (i) and (ii) or paid by the Company from funds other than Collections), including tax payments, management fees and indemnity obligations for which the Company is not indemnified pursuant to this Agreement; provided that, for purposes of minimizing fluctuations in the Cost Rate, the Servicer may allocate and spread any costs and expenses of the Company over several months at the Servicer's reasonable discretion, subject to the requirement that such allocation be reasonably calculated to allow the Company to recover such costs and expenses over a reasonable period of time. It is understood that at the discretion of the Company, expenses in clause (iv) shall not include expenses paid from contributions to capital, earnings, fees or sources other than Collections.