Penalty Payment definition

Penalty Payment means the additional percentage component as prescribed in the relevant Award clause, paid on top of the hourly rate.

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Penalty Payment has the meaning set forth in Section 3.5.1.

Penalty Payment is defined in Section 6.3.

Examples of Penalty Payment in a sentence

• The foregoing requirements for deposit from the Collection Account shall be exclusive, it being understood and agreed that, without limiting the generality of the foregoing, payments in the nature of late payment charges, bad check fees, prepayment penalties that are not Prepayment Penalties, Originator Prepayment Penalty Payment Amounts or Servicer Prepayment Penalty Payment Amounts, assumption fees and other similar fees need not be deposited by the Servicer in the Collection Account.

• Any Relocation Penalty Payment shall be due and payable within fifteen (15) business days after receipt of written notice from the City for such payment.

• The Penalty Payment shall accrue and be prorated for partial months, assuming a 360-day year of twelve 30-day months.

• Wells Fargo Bank shall remit to the Securities Administrator for dep▇▇▇▇ into the Collection Account any Originator Prepayment Penalty Payment Amount by the Servicer Remittance Date following the month in which a Principal Prepayment was made on the related Mortgage Loan.

• The Fuel Burn Penalty Payment shall be calculated as follows: Fuel Burn Penalty Payment = [(total fuel expense/actual fuel price) / scheduled Block Hours - performance ceiling] * completed scheduled Block Hours * actual fuel price (not to exceed $.78 per gallon) + Margin applicable to the fuel expense reimbursement pursuant to Section 5.08 or 5.11.

More Definitions of Penalty Payment

Penalty Payment means an amount set by the company for Termination of Offer following Acceptance by User (section 7);

Penalty Payment means the hourly rate (as defined) or payment prescribed in the award for time worked in excess of the prescribed weekly minimum or outside the prescribed spread of hours.

Penalty Payment has the meaning assigned to that term in Section 12.2;

Penalty Payment means a record of the payment of a Penalty Charge;

Penalty Payment has the meaning set forth in Section 2 (Registration of Original Shares).

Penalty Payment has the meaning given to it in Section 8(1).

Penalty Payment has the meaning set out in Section 5.8;