Cure Rate definition

Cure Rate has the meaning set out in paragraph 17(d) of Schedule I.
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Examples of Cure Rate in a sentence

  • If the Cure Rate of the Open Loop Mode is less than the Open Loop ▇▇▇▇▇ Rate, and Owner has paid Charterer the liquidated damages as provided in section 3.4(a), the Cure Rate of the Open Loop Mode shall become the Open Loop ▇▇▇▇▇ Rate; provided that the Open Loop ▇▇▇▇▇ Rate after adjustment shall not be less than the Test Rate for the Open Loop Mode or ***** mmscf/d, whichever is greater.

  • If the Cure Rate of the Combined Mode is less than the Combined Mode ▇▇▇▇▇ Rate, and Owner has paid Charterer the liquidated damages as provided in section 3.4(a), the Cure Rate of the Combined Mode shall become the Combined Mode ▇▇▇▇▇ Rate; provided that the Combined Mode ▇▇▇▇▇ Rate after adjustment shall not be less than the Test Rate for the Combined Mode or ***** mmscf/d, whichever is greater.