Delay Penalty definition

Delay Penalty. The penalty in the occurrence of any Delay as determined in GC 24.2.
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Delay Penalty. The penalty in the occurrence of any Delay as determined in Clause 16.2. Delivery Date: the date for delivering Parts to SODECIA, as noted on the Release. Forecasts: a non-binding statement regarding projected quantities for the months following the month in progress. GC: the General Conditions in this Agreement. IMDS: International Material Data System – computer system for entering Parts’ data. Incoterm: the terms and conditions of sale published by the International Chamber of Commerce. NDA: the Non-Disclosure Agreement executed by and between the Parties in the Sodecia Supplier Portal. Parts: the raw materials/fasteners identified in the SC and/or Releases. Parts Specifications: the engineering definition, mathematical model release, dimensions and tolerance release for the Parts, detailed in the SC. Party or Parties: either one of the entities in the Agreement, individually or together. PPAP: Production Part Approval Process – the set of rules to which the production and delivery of Parts are subject, to be complied by the Supplier and subject to approval by XXXXXXX. Release or Releases: the notification(s) by SODECIA to the SUPPLIER indicating the Parts, quantities to be supplied, from time to time, Delivery Dates and/or Forecasts. A Release incorporates the GC. Request for Quotation: a solicitation to a supplier to provide a cost quote for certain Parts for a specific programme. SC: The Special Conditions in the Supply Agreement.
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Delay Penalty means the penalty imposed as a result of unreasonable delays in right-of- way construction.
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Examples of Delay Penalty in a sentence

  • To the extent that the Transaction does not close on the Targeted Closing Date but closes on or before the Latest Permitted Closing Date and the failure to close on the Targeted Closing Date is the result of a delay of or caused by Redwood or Rating Agencies in connection with any Offering Document or the Underwriting Agreement, the AAA Purchase Price Percentage shall be reduced by the Delay Penalty Percentage specified on Annex A.

  • Any such reimbursement will be credited back to the Vendor such that the Interim Delay Penalty otherwise offset against the relevant Substantial Completion payment in accordance with subsection 15.2(a) above will be added back to such Substantial Completion payment to be made to the Vendor by the Owner.

  • The Interim Delay Penalty applicable to Milestone 4 (as set forth on Exhibit A1) will be [__________].

  • Period of Delay Penalty peror Noncompliance Violation per Day 1st through 15th day $300 16th through 30th day $400 31 Days or more $500Not to exceed $200,000 per audit107.ee.

  • Commencement Period And Delay Penalty ;- The contractor shall have to commence the work within a period of one and half month (45 days) from date of issuing work order.

  • For failure to develop or submit a PEMS Monitoring Protocol in accordance with the requirements of Paragraphs 29Period of Delay Penalty per Day or Noncompliance Days 1–30 $ 200Days 31–60 $1,000Days 61 and later $2,00075.r. Violation of Paragraph 30.

  • Each failure to timely submit a Certification of Compliance thatPeriod of Delay Penalty peror Noncompliance Violation per Daysubstantially conforms to the requirements of Paragraph 53.1st through 15th day $100 16th through 30th day $250 31 Days or more $500Not to exceed $75,000107.ff.

  • For failure to comply with and of the requirements of Paragraphs 51, 52, 53,54, 55, 57, 58, 59, 60, 61, or 62 or Appendix C or Appendix DPeriod of Delay Penalty per Day or Noncompliance per Requirement Days 1–30 $1,000Days 31–60 $1,500Days 61 and later $2,00075.bb.

  • STIPULATED PENALTY TABLE 1 75.b. Violation of Subparagraphs 14.b, 15.b, or 16.b. For failure to comply with a NOx emission limit as set forth inSubparagraphs 14.b, 15.b, or 16.bPeriod of Delay Penalty per Day or Noncompliance per Unit Days 1–30 $ 500Days 31–60 $1,000Days 61 and later $2,000 or an amountequal to 1.2 times the economic benefit of noncompliance75.c Violation of Subparagraph 16.a if CITGO chooses to monitor the 123B-2 Heater by means of a PEMS.

  • The Seller(s) non-fulfillment of its delivery obligations in a timely manner, according to the needs of the Contract, may give origin to the application of Delay Penalties.Following a Grace Period of one (1) week on contracted delivery date for stock deliveries and four (4) weeks for back to back deliveries (manufacturer to Buyer), the Delay Penalty to be applied shall be of one eighth of a percent (0.125%) per week of delay on the delayed portion of the Products contracted.


More Definitions of Delay Penalty

Delay Penalty means the penalty imposed as a result of unreasonable delays in right-of- way excavation, obstruction, patching, or restoration as established by permit.
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Delay Penalty shall have the meaning set forth in Section 5.20.
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Delay Penalty. The penalty in the occurrence of any Delay as determined in Clause 28.2.
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Delay Penalty means the city may establish and impose a reasonable delay penalty for unreasonable delays in right-of-way excavation; obstruction, patching or restoration.
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Delay Penalty shall have the meaning ascribed to it in Clause (d)(iv) of Schedule 5 attached hereto. “Disclosing Party” shall have the meaning ascribed to it in Clause 17.2.
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Related to Delay Penalty

  • Statutory Penalties are those amounts awarded as a penalty, but are fixed in amount by statute.

  • Civil penalty means the payment Licensee has agreed to pay to the United States Treasury;

  • PAGA Penalties means the total amount of PAGA civil penalties to be paid from the Gross Settlement Amount, allocated seventy-five percent (75%) to the LWDA and the twenty-five percent (25%) to the Aggrieved Employees in settlement of PAGA claims.

  • CAISO Penalties means any fees, liabilities, assessments, or similar charges assessed by the CAISO for (a) violation of the CAISO Tariff and all applicable protocols, WECC rules or CAISO operating instructions or orders or (b) as a result of Seller’s failure to follow Prudent Electrical Practices. “CAISO Penalties” do not include the costs and charges related to Scheduling and imbalances as addressed in Section 14.1 of this Agreement.

  • eligible penalty means a judgment, penalty or fine awarded or imposed in, or an amount paid in settlement of, an eligible proceeding;

  • Published Penalties means any additional published cancellation penalties levied by Your travel agency or Travel Supplier that apply to all clients of the travel agency or Travel Supplier and can be documented at time of Your purchase of Travel Arrangements from Your travel agency. The maximum amount reimbursable for travel agency published penalties is 25% of the total trip cost excluding taxes and other non-commissionable items.

  • Administrative penalty means a monetary fine imposed by the division for acts or omissions determined to constitute unprofessional or unlawful conduct, as a result of an adjudicative proceeding conducted in accordance with Title 63G, Chapter 4, Administrative Procedures Act.

  • Code Section 409A means Section 409A of the Code and all regulations issued thereunder and applicable guidance thereto.

  • Pension Benefits Act means The Pension Benefits Act of Ontario and regulations thereunder as amended from time to time.

  • Basic health benefit plan means any plan offered to an individual, a small group,

  • Section 409A means Section 409A of the Code and the regulations and other guidance promulgated thereunder.

  • Basic health plan means the plan described under chapter

  • Public health emergency means an emergency with respect to COVID–19 declared by a Federal, State, or local authority.

  • Delinquent act means (i) an act designated a crime under the law of the Commonwealth, or an

  • Section 409A of the Code means the nonqualified deferred compensation rules under Section 409A of the Code and any applicable treasury regulations and other official guidance thereunder.

  • COBRA means the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended.

  • Health Benefits means health maintenance organization, insured or self-funded medical, dental, vision, prescription drug and behavioral health benefits.

  • BENEFIT LIMIT means the total benefit allowed under this plan for a covered healthcare service. The benefit limit may apply to the amount we pay, the duration, or the number of visits for a covered healthcare service.

  • Qualified employer means the federal government.

  • Pension Benefit means a pension, annuity, gratuity or similar allowance which is payable—

  • High Deductible Health Plan means a Health Plan as defined by 26 USC § 223(c)(2)(A) that also is a Qualified Health Plan.

  • Relevant Benefits means any pension, annuity, lump sum, gratuity or other like benefit given or to be given on retirement or death, or in anticipation of retirement.

  • Minimum wage means wages as defined under the Minimum Wages Act-1948 and amended from time to time.

  • Section 409A Limit means the lesser of two (2) times: (i) Executive’s annualized compensation based upon the annual rate of pay paid to Executive during the Company’s taxable year preceding the Company’s taxable year of Executive’s termination of employment as determined under Treasury Regulation 1.409A-1(b)(9)(iii)(A)(1) and any Internal Revenue Service guidance issued with respect thereto; or (ii) the maximum amount that may be taken into account under a qualified plan pursuant to Section 401(a)(17) of the Code for the year in which Executive’s employment is terminated.

  • Foreign Benefit Law means any applicable statute, law, ordinance, code, rule, regulation, order or decree of any foreign nation or any province, state, territory, protectorate or other political subdivision thereof regulating, relating to, or imposing liability or standards of conduct concerning, any Employee Benefit Plan.

  • housing benefit means housing benefit under Part 7 of the SSCBA;