Guaranteed Speed definition

Guaranteed Speed is defined in Schedule II, Part A, Article 2(a)(iv).
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Guaranteed Speed means the speed at which the Vessel needs to steam in order to meet the Scheduled Arrival Time, as may be amended by Customer, or any permissible speed ordered by Customer.
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Guaranteed Speed has the meaning given in Appendix C, Article 2(a)(iv).
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Examples of Guaranteed Speed in a sentence

  • If the Achieved Speed equals or exceeds the Guaranteed Speed Owners shall be deemed to have met the speed warranties.

  • If the Achieved Speed is less than the Guaranteed Speed Charterers shall apply the Achieved Speed to the total Sea Passage and the time at which the Vessel would have arrived if steaming at the Achieved Speed shall be the Deemed Arrival Time.

  • The SELLER guarantees that the service speed of the VESSEL after correction is to be not less than 14.3 knots ("Guaranteed Speed "), in mean draft of 12.20m at main engine output of 7,448 kW at 82.4 RPM (NCR) with 15% sea margin, with new and clean hull and propeller, newly painted hull, smooth and deep water, calm sea with no wind, no wave and no current as stipulated in the Specification.

  • However, unless the parties agree otherwise, the total amount of reduction from the CONTRACT PRICE shall not exceed the amount due to cover the deficiency of eight-tenths (8/10ths) of one (1) full knot below the Guaranteed Speed at the rate of reduction as specified above.

  • If the Achieved Speed is less than the Guaranteed Speed Charterer shall apply the Achieved Speed to the total Sea Passage and the time at which the Vessel would have arrived if steaming at the Achieved Speed shall be the “Deemed Arrival Time”.

  • If the Achieved Speed equals or exceeds the Guaranteed Speed Owner shall be deemed to have met the speed warranties.

  • However, the maximum reduction in the Contract Price shall in no event be more than the amount in the case of a deficiency of seven-tenths (7/10) of a knot below the Guaranteed Speed.

  • The CONTRACTOR undertakes to provide PAGCOR with One (1) year Internet Services (the “Services”) to PAGCORHouse, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇., ▇▇▇▇▇▇ ▇▇▇▇▇▇, for a period of one (1) year, with the following technical specifications: Guaranteed Speed: 1 Mbps (1:1) or higher IP Address: Static Must provide the modem and/or router or similar device.

  • The Contract Price shall be changed by reason of the actual speed, as determined by the trial run, being less than the Guaranteed Speed of the Unit.

  • If the Achieved Speed equals or exceeds the Guaranteed Speed EE shall be deemed to have met the speed Performance Guarantee.


More Definitions of Guaranteed Speed

Guaranteed Speed has the meaning given to such term in Clause 31.
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Related to Guaranteed Speed

  • Guaranteed Sum means: The maximum aggregate amount of R

  • Guaranteed Agreement means the Framework Agreement and each Call-Off Contract made between the Supplier and each Other Contracting Body;

  • Guaranteed Debt of any Person means, without duplication, all Indebtedness of any other Person referred to in the definition of Indebtedness below guaranteed directly or indirectly in any manner by such Person, or in effect guaranteed directly or indirectly by such Person through an agreement, made primarily for the purpose of enabling the debtor to make payment of such Indebtedness or to assure the holder of such Indebtedness against loss,

  • Guaranteed elements means the premiums, credited interest rates (including any bonus), benefits, values, non-interest-based credits, charges, or elements of formulas used to determine any of these elements, that are guaranteed and determined at issue. An element is considered guaranteed if all of the underlying elements that go into its calculation are guaranteed.

  • Guaranteed Securities has the meaning specified in Section 14.1.