Delay Credit definition

Delay Credit is defined in Section 6.2.
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Delay Credit is defined in Section 6.2 of the Agreement. SCHEDULE 1.5 Page 3 of 10 ***.
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Delay Credit has the meaning set forth in Section 4.5 of Exhibit J (Pricing).
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Examples of Delay Credit in a sentence

  • The Delay Credit will offset any fees or other costs owed to Gatherer by Producer for the Month(s) in which the Delay Credit occurs.

  • Notwithstanding anything to the contrary stated herein, in the event all of the Subleased Premises is not delivered by 120 days after receipt of the Landlord's Consent, Subtenant shall be entitled by written notice to Sublandlord to cancel this Sublease and receive the Delay Credit from Sublandlord in certified or wired funds.

  • Cox shall provide Customer with an Installation Delay Credit if the COI Services are not available for Customer’s use within ten (10) business days of the Estimated Install Date.

  • Subtenant shall also be entitled to cancel this Sublease by written notice to Sublandlord if Sublandlord has not delivered all of the Subleased Premises to Subtenant by 150 days after receipt of the Landlord's Consent; in such event Sublandlord shall pay the Delay Credit and an additional $55,000.00 to Subtenant by certified check or wired funds.

  • The Delay Credit shall be Buyer’s sole and exclusive recourse in the event of a delay.

  • To the extent any of the Excusable Delays constitute BUYER's Delays and the Closing Date is delayed for a period of not less than sixty (60) days after the date that the Closing Date otherwise would have occurred as a result of such BUYER's Delays, the Purchase Price shall also be increased at a daily rate equal to $3,333.00 per day multiplied times the number of days in excess of sixty (60) days that the Closing Date is so delayed by such BUYER's Delays ("Delay Credit").

  • For the avoidance of doubt, Cox and Customer agree that Customer’s sole and exclusive remedy for any COI Service Interruptions, installation delays, missed Data Delivery Rate, missed Network Latency, missed repair objectives, service degradations, or any other outages or issues related to the COI Services provided under the Agreement shall be strictly limited to the Service Credits or the Installation Delay Credit, as applicable, as set forth in this SLA.

  • Acceptance of the Delay Credit by Qwest pursuant hereto shall constitute Qwest's sole remedy for a Delay.

  • The Delay Credit shall be applicable against Minimum Monthly Rent first coming due from and after the date for commencement of payment of Minimum Monthly Rent for the Leased Premises.

  • If the Lease is not terminated, Tenant shall be entitled to a rent credit in the amount of the Substantial Completion Delay Credit.


More Definitions of Delay Credit

Delay Credit shall have the meaning specified in Paragraph 6.4 (Credits for Delays) below.
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Related to Delay Credit

  • Availability Credit means the remedy IBM will provide for a validated Claim. The Availability Credit will be applied in the form of a credit or discount against a future invoice of subscription charges for the Service.

  • Primary Credit Facility mean the credit facility described in the Line of Credit section of this Agreement.

  • 9% Credits means Federal Credit allocated on a competitive basis under the provisions of this Plan.

  • Company Credit Facility means the Credit Agreement, dated as of March 24, 2016, as amended and restated as of December 14, 2017, as further amended and restated as of May 7, 2019, as further amended and restated as of September 11, 2019, and as further amended as of November 14, 2019, by and among Centene, the various financial institutions named therein, as lenders, and Wells Fargo Bank, National Association, as administrative agent, including any related notes, Guarantees, collateral documents, instruments and agreements executed in connection therewith, and in each case as amended, restated, modified, renewed, refunded, replaced or refinanced (in whole or in part) from time to time, whether or not with the same lenders or agent.

  • 4% Credits means Federal Credit available to Bond Financed Projects which meet the requirements of this Plan.

  • Revolving Facility Credit Exposure means, at any time, the sum of (a) the aggregate principal amount of the Revolving Facility Loans outstanding at such time, (b) the Swingline Exposure at such time and (c) any Revolving L/C Exposure at such time. The Revolving Facility Credit Exposure of any Lender at any time shall be the product of (x) such Lender’s Revolving Facility Percentage and (y) the aggregate Revolving Facility Credit Exposure of all Lenders, collectively, at such time.

  • pension credit ; means the means-tested Guarantee or Savings Credit administered by the Department for Work and Pensions under the State Pension Credit Regulations 2002;

  • 364-Day Credit Agreement means the 364-Day Credit Agreement, dated as of the date hereof, among the Borrowers, the several banks and other financial institutions from time to time parties thereto, JPMorgan Chase Bank, as administrative agent, and the other agents party thereto.

  • Letter of Credit Termination Date means the fifth Domestic Business Day prior to the Termination Date.

  • Facility Fees has the meaning provided in Section 2.11(a).

  • Unused Revolving Line Facility Fee is defined in Section 2.4(d).

  • Dollar Letter of Credit means a Letter of Credit denominated in Dollars.

  • Letter of Credit Advance means an advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c).

  • Letter of Credit Maturity Date the date occurring 15 days prior to the Revolving Termination Date then in effect (or, if such day is not a Business Day, the next preceding Business Day).

  • Letter of Credit Amount the stated maximum amount available to be drawn under a particular Letter of Credit, as such amount may be reduced or reinstated from time to time in accordance with the terms of such Letter of Credit.

  • Letter of Credit Fees shall have the meaning set forth in Section 3.2.

  • state pension credit means state pension credit under the State Pension Credit Act 2002;

  • Revolving Line of Credit means the Commitments of the Lenders to make Revolving Loans pursuant to Section 3 of this Financing Agreement and assist the Companies in opening Letters of Credit, Bankers Acceptances, Steamship Guarantees and Airway Releases pursuant to Section 5 of this Financing Agreement, in an aggregate amount equal to $250,000,000.

  • LC means Letter of Credit

  • Letter of Credit Fee has the meaning specified in Section 2.03(h).

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Revolving Letter of Credit means each letter of credit issued pursuant to Section 3.1(a)(i) (including DIP Revolving Letters of Credit deemed issued as Revolving Letters of Credit pursuant to Section 3.10).

  • Facility Fee has the meaning specified in Section 2.09(a).

  • L/C Credit Extension means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the increase of the amount thereof.

  • Letter of Credit Expiration Date means the day that is seven days prior to the Maturity Date then in effect (or, if such day is not a Business Day, the next preceding Business Day).

  • Applicable Revolving Commitment Fee Percentage means (a) from the Closing Date until the date of delivery of the Compliance Certificate and the financial statements for the second full Fiscal Quarter after the Closing Date, a percentage, per annum, determined by reference to the following table as if the Leverage Ratio then in effect were 3.00:1.00; and (b) thereafter, a percentage, per annum, determined by reference to the Leverage Ratio in effect from time to time as set forth below: >3.00:1.00 0.75% 1.30% <3.00:1.00 >2.50:1.00 0.75% 1.20% No change in the Applicable Revolving Commitment Fee Percentage shall be effective until three (3) Business Days after the date on which the Administrative Agent has received the applicable financial statements and a Compliance Certificate pursuant to Section 5.01(c) calculating the Leverage Ratio. At any time the Borrower Representative has not submitted to the Administrative Agent the applicable information as and when required under Section 5.01(c), the Applicable Revolving Commitment Fee Percentage shall be determined as if the Leverage Ratio were in excess of 3.00:1.00. Promptly following receipt of the applicable information under Section 5.01(c), the Administrative Agent shall give each Lender telefacsimile or telephonic notice (confirmed in writing) of the Applicable Revolving Commitment Fee Percentage in effect from such date. In the event that any financial statement or certificate delivered pursuant to Section 5.01 is shown to be inaccurate, and such inaccuracy, if corrected, would have led to the application of a higher Applicable Revolving Commitment Fee Percentage for any Applicable Period than the Applicable Revolving Commitment Fee Percentage applied for such Applicable Period, then (i) the Borrower Representative shall immediately deliver to the Administrative Agent a correct certificate required by Section 5.01 for such Applicable Period, (ii) the Applicable Revolving Commitment Fee Percentage shall be recalculated with the Leverage Ratio at the corrected level and (iii) each applicable Borrower shall immediately pay to the Administrative Agent the accrued additional fees owing as a result of such increased Applicable Revolving Commitment Fee Percentage for such Applicable Period. Nothing in this definition shall limit the right of the Administrative Agent or any Lender under Section 2.10 or Article VIII and the provisions of this definition shall survive the termination of this Agreement.