default charge definition

default charge in relation to an agreement means such amount as, subject to any relief granted under section 36A, is payable under the agreement by the hirer where he fails to fulfil his obligations under the agreement;

default charge means an amount owed as liquidated damages for the unauthorized distribution of Products under this Agreement. The Default Charge for each Product is ***% of the royalty for the Product (excluding discounts and rebates), less any royalty paid for the unauthorized distribution.

default charge means a charge imposed against a borrower who does not make a payment as it comes due under a payday loan agreement or who does not comply with any other obligation under a payday loan agreement, but does not include interest on an overdue payment;

Examples of default charge in a sentence

• The parties also agree that the Default Charge is a reasonable and genuine estimate of the loss to MS.

• If (except for the limitation set forth in the preceding sentence) the Default Charge would exceed either the Contribution of or the existing balance in the Capital Account of the Defaulting Partner at the time of default, then such excess shall carry over and be applied as a reduction at a subsequent time.

• User must pay an amount equal to the Default Charge Rate for each GJ of Gas in respect of which User is at variance from the level of receipts or deliveries specified in an OFO between the time that an OFO becomes effective and the time it ceases to have effect according to its terms or is otherwise terminated or withdrawn by Service Provider.

• Where the Train Operator uses New Specified Equipment on the CVL, the Train Operator shall pay the CVL IM the relevant VUC Default Charge during the VUC Default Period.

• Payment of the Default Charge shall constitute MS’ sole and exclusive compensatory remedy in case of unauthorized distribution of Product software, recovery media or COAs; provided, that this does not limit MS’ ability to seek equitable relief in case of unauthorized distribution of same.

More Definitions of default charge

default charge means a Default Charge pursuant to section 3 (14 and 15) of the 2014 Act for Domestic Premises during the period 1st January 2015 until 30th June 2016 where no Occupier registered with Irish Water.

default charge means a charge imposed on a borrower who does not make a payment as it comes due under a credit agreement or who does not comply with any other obligation under a credit agreement, but does not include interest on an overdue payment; (“frais de défaut”)

default charge means an amount owed as liquidated damages for the unauthorized distribution of Product software, recovery media, or COAs.

default charge means a charge imposed on a borrower who fails to make a payment as it comes due under a credit agreement or who fails to comply with any other obligation under a credit agreement, but does not include interest on an overdue payment; (frais pour défaut de paiement)

default charge. 15% per day on all amounts due from Seller to Purchaser.

default charge in relation to an agreement means such amount as, subject to any relief granted under section 36A,

default charge means the charge with that name set out in the Order Form.