Delay Rate definition

Delay Rate means the rate specified within the Quotation, chargeable by the Company to the Customer in accordance with clause 3.8;
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Delay Rate means one hundred thousand US Dollars (USD 100,000) per day, which shall be pro- rated for parts of a day.
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Delay Rate shall have the meaning ascribed thereto in the Registration Rights Agreement.
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Examples of Delay Rate in a sentence

  • The Customer agrees that the Company will not be liable for any failure to perform its obligations under this Contract where such non-performance arises out of or in connection with the Customer’s failure or delay to comply with this Contract and in such circumstances, the Customer agrees and acknowledges that the Company charge the Delay Rate for each day (or part day), for which the Company is prevented or delayed from performing its obligations as a result of the Customer’s failure or delay.

  • The interest rate set forth in (a) above is subject to increase at the Delay Rate as set forth in the Registration Rights Agreement.

  • Notwithstanding anything to the contrary in the foregoing, float shall not be available to the Department to absorb, and the ten (10) Business Day deductible referred to in the definition of Delay Rate, shall not be applicable to, delays caused by the Compensation Events set out in clauses (a), (b), (d), (h), (i), (k), (q), (r) (solely in respect of Hazardous Materials released by the Department), (u), (w), (x), (z), (aa) and (bb) of the definition thereof.

  • On December 8, 2017, Eversource filed a Motion to Delay Implementation of Base Distribution Rates (“Motion to Delay Rate Implementation”).

  • The outstanding principal amount of the Notes shall accrue and bear interest at a rate per annum which at all times shall equal the Applicable Rate; provided, however, that all amounts of principal and (to the extent not prohibited by applicable law) accrued interest not paid when due hereunder shall accrue and bear interest at the Delay Rate.

  • Appellant’s Statement of Undisputed Facts Regarding Appellant’s Bid for Mark-Up Rate and Daily Delay Rate In accordance with the instructions in the solicitation, appellant included a mark-up on its bid form.

  • Daily Delay Rate The Daily Delay Rate shall be an allowable cost added to the Equitable Adjustments with the following exceptions: [Listed exceptions not applicable here] .

  • Call Notices If the Operator meets or bears any Joint Venture Expenditures as a consequence of the failure of any Participants to pay any Cash Call Notice, then as long as the Operator is not a Defaulting Participant, the Operator will be entitled to charge each Defaulting Participant interest at the Delay Rate on that Joint Venture Expenditures from the date that the Operator met or bore such Joint Venture Expenditures until repaid by the Defaulting Participant.

  • The Company will pay accrued and unpaid interest with respect to the Notes (including without limitation any interest accruing at the Delay Rate) on each January 1 and July 1, commencing January 1, 2003, on the Maturity Date and on any accelerated maturity of the Notes; provided, however, that failure to pay interest on any January 1 or July 1 prior to the Maturity Date or any earlier acceleration of the Notes shall not constitute a Default or Event of Default hereunder.

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More Definitions of Delay Rate

Delay Rate means fourteen percent (14%) per annum.
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Delay Rate shall have the meaning set forth in Section 4.2.
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Related to Delay Rate

  • Hourly Rate means the proposed fully loaded maximum hourly rates that include travel, per diem, fringe benefits and any overhead costs for contractor personnel, as well as subcontractor personnel if appropriate.

  • Weekly Rate means the interest rate on the Bonds established in accordance with Section 2.03(b) hereof.

  • Blended Rate means, with respect to any Taxable Year, the sum of the effective rates of tax imposed on the aggregate net income of the Corporate Taxpayer in each state or local jurisdiction in which the Corporate Taxpayer files Tax Returns for such Taxable Year, with the maximum effective rate in any state or local jurisdiction being equal to the product of: (i) the apportionment factor on the income or franchise Tax Return filed by the Corporate Taxpayer in such jurisdiction for such Taxable Year, and (ii) the maximum applicable corporate tax rate in effect in such jurisdiction in such Taxable Year. As an illustration of the calculation of Blended Rate for a Taxable Year, if the Corporate Taxpayer solely files Tax Returns in State 1 and State 2 in a Taxable Year, the maximum applicable corporate tax rates in effect in such states in such Taxable Year are 6% and 5%, respectively and the apportionment factors for such states in such Taxable Year are 60% and 40%, respectively, then the Blended Rate for such Taxable Year is equal to 5.6% (i.e., 6% times 60% plus 5% times 40%).

  • Recovery Rate means, in relation to any UK Four institution the percentage of the original face value of senior unsecured debt obligations of the affected UK Four institution, as derived by the Calculation Agent from either the ISDA Auction Final Price or the Market Value.

  • Applicable Utilization Fee means, as of any date that the aggregate Advances exceed 33% of the aggregate Commitments, a percentage per annum determined by reference to the Public Debt Rating in effect on such date as set forth below: -------------------------------- ----------------------------- Public Debt Rating Applicable S&P/Moody's Utilization Fee -------------------------------- ----------------------------- Level 1 BBB+ or Baa1 or above 0.125% -------------------------------- ----------------------------- Level 2 BBB or Baa2 0.250% -------------------------------- ----------------------------- Level 3 BBB- and Baa3 0.000% -------------------------------- ----------------------------- Level 4 BBB- or Baa3 0.000% -------------------------------- ----------------------------- Level 5 BB+ and Ba1 0.000% -------------------------------- ----------------------------- Level 6 Lower than Level 5 0.000% -------------------------------- -----------------------------

  • SOFR Rate means the rate that will be calculated by the Calculation Agent for each Accrual Period on the SOFR Adjustment Date as of the SOFR Determination Time (or, if the Benchmark is not SOFR, the Reference Time) and, except as provided below following a determination by the Administrator that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, shall mean, with respect to the Class A-2b Notes as of any SOFR Adjustment Date, a rate equal to Compounded SOFR; provided, that, the Administrator will have the right, in its sole discretion, to make applicable SOFR Adjustment Conforming Changes.