Delay Compensation definition

Delay Compensation shall accrue (x) in the case of clause (i) above, from and including the Obligation Settlement Date to but excluding the actual settlement of the purchase effected to establish the related hedge (and, during such period, (A) the Counterparty First Floating Amount shall be calculated by reference to the Spread and not the Floating Rate Option and (B) Interest and Fee Amounts will be determined without regard to payments in respect of the interest rate index, but will be determined inclusive of the applicable spread above such interest rate index, used in the Reference Obligation Credit Agreement to calculate interest payments in respect of the related Reference Obligation and in effect during such period) and (y) in the case of clause (ii) above, from and including the Termination Settlement Date to but excluding the actual settlement of the sale effected to terminate the related hedge (and, during such period, (A) the Counterparty First Floating Amount shall be calculated by reference to the Floating Rate Option and not the Spread and (B) Interest and Fee Amounts shall be reduced by interest accrued during such period in excess of the interest rate index used in the Reference Obligation Credit Agreement to calculate interest payments in respect of the related Reference Obligation and in effect during such period). In connection with any adjustment by reason of Delay Compensation, (i) any initial Payment Date in this Confirmation determined by reference to the “Obligation Settlement Date” shall be determined as if the Obligation Settlement Date were the actual settlement of the purchase of the related hedge and (ii) any final Payment Date in this Confirmation determined by reference to the “Termination Settlement Date” shall be determined as if the Termination Settlement Date were the actual settlement of the termination of the related hedge.

Delay Compensation means the compensation to which passengers are entitled if they are travelling and experience a delay (above a given threshold), arriving at their destination late due to a cancelled or delayed service.

Delay Compensation means any compensation for [ *** ] in connection with the delay of launch from the date planned by BAYER to a later date, such as, but not limited to, amounts for [ *** ]. DSP represents and warrants that, as of the Effective Date, [ *** ]. Notwithstanding anything that may be interpreted to the contrary in this Section 4.5, in no event will either Party be responsible for payment of any compensation [ *** ] pursuant to this Section 4.5 unless it has individually approved the amount and timing of such compensation pursuant to negotiations and discussions among both Parties [ *** ].

Examples of Delay Compensation in a sentence

• As of 2 September 2019, Ryanair and Italian passengers can resolve any claims made under the EU Flight Delay Compensation Regulation through an ADR platform managed and coordinated by Codacons, which will supervise the procedure to protect consumers.

• Under paragraph (a) above, in addition to the day-for-day extension, the Producer will be entitled to receive CO2 T&S Connection Delay Compensation if the Producer has satisfied all Operational Conditions Precedent other than the CO2 T&S Connection Confirmation CP.

• Based on mutual agreement, the insured can pay additional premium to purchase CHUBB Overseas Travel Inconvenience Insurance Trip Delay Compensation Endorsement (this Endorsement) (Ecommerce) when purchasing the Chubb Overseas Travel Inconvenience Insurance (the main contract) (Ecommerce).

• Based on mutual agreement, the insured can pay additional premium to purchase CHUBB Overseas Travel Inconvenience Insurance Trip Delay Compensation Endorsement (this Endorsement) when purchasing the Chubb Overseas Travel Inconvenience Insurance (the main contract).

• Due to the continued increase in the number of commercial flights and the resulting growth of passenger compensation claims under the EU Flight Delay Compensation Regulation (261/2004),(1) Irish airline Ryanair and Codacons (the largest Italian consumer association) recently signed a valuable partnership agreement which will see them cooperate to settle claims under the regulation by Italian passengers through alternative dispute resolution (ADR).

• Codacons will coordinate the implementation of the ADR platform and manage the advisers and personnel assigned to mediate claims made under the EU Flight Delay Compensation Regulation (up to a maximum of 5,000 claims in the first year of the agreement).

More Definitions of Delay Compensation

Delay Compensation means any compensation for costs incurred by NISSO in connection with the delay of launch from the date planned by BAYER to a later date, such as, but not limited to, amounts for reservation of capacity for manufacturing Drug Product that is not otherwise used to manufacture other products, or depreciation of capital equipment that is dedicated to the manufacture of Drug Product and that is not used for the manufacture of other products. DSP represents and warrants that, as of the Effective Date, NISSO has no contractual or other right to receive, or to request or expect to receive, any such Delay Compensation between DSP and NISSO except for DSP’s payment that becomes due on or before March 31, 2004. Notwithstanding anything that may be interpreted to the contrary in this Section 4.5, in no event will either Party be responsible for payment of any compensation to NISSO pursuant to this Section 4.5 unless it has individually approved the amount and timing of such compensation pursuant to negotiations and discussions among both Parties and NISSO.

Delay Compensation shall have the same meaning as ascribed to it in Clause 16.6 of this Agreement.