Repair Rate definition

Repair Rate means the rate set forth at Annex F payable by the Owner to the Provider in the event that the Included Repair figure set out in Annex F is exceeded.
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Repair Rate has the meaning given in Appendix I, Section A(2)(C).
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Repair Rate means the rate which will be applicable during a shutdown in operations for repairs to the Drilling Unit Equipment as set forth in sub-clause 5.3(e) of Section 5.
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Examples of Repair Rate in a sentence

  • The Owner shall pay to the Provider the Repair Rate for all Repairs exceeding the Included Repairs.

  • Thereafter, Contractor shall receive the $0 Repair Rate until operations are resumed.

  • The specific quality targets are as follows: Product Name Performance Indicators Target Smart Bands Market Repair Rate <2% Smart Watches Market Repair Rate <2% Smart Scales Market Repair Rate <2% Note: Market Repair Rate means the percentage of products that need to be repaired out of the total number of sold products during certain period due to product quality issues.

  • Edwards (the "Optionee"), an option (the "Option") to purchase the number of shares (the "Shares") as set forth in the Notice of Grant attached as Part I of this Agreement at the Exercise Price per share set forth in the Notice of Grant, subject to the terms and conditions set forth herein.

  • Payment of the Annual Fee and Repair Rate shall be in accordance with Article 7 (Terms of Payment).

  • Except during Turnkey operations, the Repair Rate specified in the Drilling Order will be payable during the first twenty-four (24) hours per month during which operations are suspended to permit necessary replacement, inspection, repair of maintenance of Contractor’s Items.

  • The Repair Rate of zero ($0) will be payable for any period in excess of the periods specified in Appendix A per occurrence during which operations are suspended as a result of breakdown or failure of Contractor’s Items or to permit necessary replacement, inspection (including certification inspections), repair or maintenance of Contractor’s Items, except as otherwise provided in Paragraphs 606, 707, 901(a), 901(b), and 901(c).

  • In the event the CONTRACTOR remains in Repair Rate for an accumulated total of 30% (thirty percent) of the time, for any period of 6 (six) contract months, PETROBRAS may rescind the present contract, based on subitem 11.1.14 of this contract...................

  • The Repair Rate specified in Appendix A will be payable during the first twenty-four (24) hours per month during which operations are suspended to permit necessary replacement, inspection, repair of maintenance of Contractor's Items.

  • If operations are suspended as a result of breakdown or failure of Contractor’s Items to permit replacement, inspection, repair or maintenance of Contractor’s subsea equipment, the repair period shall commence and the Repair Rate of zero ($0) shall apply immediately upon such suspension of operations and shall cease when the BOP stack/LMRP has been rerun, latched, successfully tested and the BOP/LMRP test plug has been pulled to the surface.


More Definitions of Repair Rate

Repair Rate shall be applicable during such times as there is a shutdown in operations for repairs to the Drilling Equipment in the manner set out below: · the rate obtaining at the time of such shutdown shall continue until operations are resumed or until the number of hours in the month shut down for repairs reaches [***]. · thereafter at NIL Rate. The monthly allotment of time allowed for Repair Rate is not cumulative in the term of the Contract and may not be carried forward, rolled-over, or banked to any future month or year.. In the event that any such shutdown which is caused by or arises from the same incident shall continue from one month into the next, then for the purposes of this sub-clause the incident shall be treated as though it occurred in the same month. In the event operations are shut down arising out of failure of or damage to the Drilling Unit or in order to carry out repairs to the Drilling Unit, then unless such failure, damage or repairs are due to or arise from the act or omission of Operator or its Service Companies (when the Operating Rate shall apply) CONFIDENTIAL TREATMENT REQUESTED. INFORMATION FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN REQUESTED IS OMITTED AND MARKED WITH “[***]”. AN UNREDACTED VERSION OF THE DOCUMENT HAS ALSO BEEN FURNISHED SEPARATELY TO THE SECURITIES AND EXCHANGE COMMISSION AS REQUIRED BY RULE 24B-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. payment for all such shutdown until normal operations are resumed shall be at Repair Rate or NIL Rate. To the extent operations are shut down due to reasons beyond Contractor’s reasonable control, inclusive of any time due to delays in customs clearance or visa approvals for effecting the repairs, and provided that the onboard inventory was maintained to the level specified in the inventory control system, as approved by Operator, then the Repair Rate shall apply for the period of time caused by the delays in customs clearance or visa approvals. In respect of repairs to subsea equipment, the Repair Rate shall commence from the time that normal operations cease on account of defective subsea equipment until the time when normal operations are resumed. Normal operations shall be deemed to have been resumed when the same depth is reached as was reached prior to the instigation of such repairs as aforesaid. Waiting on weather to raise or run damaged or defective or repaired subsea equipment shall be at Standby Rate and not at Repair Rate.
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Related to Repair Rate

  • Turnover Rate means the period of time (usually in hours) required to circulate a volume of water equal to the pool or spa capacity.

  • Occupancy Rate means, with respect to a Property at any time, the ratio, expressed as a percentage, of (a) the number of square feet of such Property actually occupied by tenants that are not affiliated with the Parent, the Borrower or any Subsidiary and paying rent at rates not materially less than rates generally prevailing at the time the applicable lease was entered into, pursuant to binding leases to (b) the aggregate number of square feet of such Property.

  • SOFR Rate means the rate that will be obtained by the Paying Agent for each Interest Period on the SOFR Adjustment Date as of the SOFR Determination Time (or, if the Benchmark is not SOFR, the Reference Time) and, except following a determination by the Administrator that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, means, 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.

  • Tenant’s Percentage means a percentage, the numerator of which is the number of rentable square feet of the leased Premises and the denominator of which is the total number of rentable square feet of the Building, whether or not such space is actually rented. The Tenant's Percentage shall be changed from time to time to reflect any change in the total rentable square footage in the Building or the rentable square feet of the leased Premises. If the rentable square footage of the Building is not fully occupied during any particular Operating Expense year including the base year, Landlord shall adjust those Operating Expenses which are affected by occupancy for the particular Operating Expense year to reflect 100% occupancy. If during any Operating Year the tenant of any space in the Building performs work or services therein pursuant to a written agreement between Landlord and such tenant in lieu of having Landlord perform the same and the cost thereof would have been included in Landlord's Operating Expenses, then in any such event(s), at Landlord's option, the Operating Expenses for such Operating Year shall be adjusted to reflect the Operating Expenses that would have been incurred if Landlord had performed such work or services, as the case may be. In the event Operating Expenses are decreased as a result of extraordinary changes then the Base Year Operating Expenses shall be correspondingly reduced. An extraordinary change shall mean changes unrelated to the normal inflation and deflation of the cost of goods and services making up the Operating Expenses, such as a change in the rentable area contained in the Building resulting from condemnation, casualty, demolition, alteration or construction of the additional improvements. Any decrease in Taxes shall be considered an extraordinary change if due to any statewide property tax limitation or reduction legislation. If the total rentable area of the Building changes, Landlord shall reasonably determine a revised Tenant's Percentage reflecting the change.

  • Curr Rate CLTV: Prin Bal: Maturity Date: Lien Pos: 4075415 AL 241 14 140052 50000 621.76 686 407541500000000 9 240 1 154000 12/01/2000 33 BIRMINGHAM 35215 2 14.000 124 50000 01/01/2021 2 4075418 CO 241 14 117805 67000 784.96 702 4075419 MD 300 14 87761 16000 200.29 662 407541900000000 8 299 1 92000 12/01/2000 20 BALTIMORE 21207 2 14.630 113 15994.74 12/01/2025 2 4075421 AL 180 14 110896 50000 678.51 681 407542100000000 6 179 1 150000 12/01/2000 00 XXXXXX XXXX 00000 2 14.380 108 49839.95 12/01/2015 2 4075460 AL 300 14 124000 50000 664.76 675 407546000000000 8 298 1 146000 11/22/2000 35 Meridianville 35759 2 15.630 120 49986.28 11/28/2025 2 4075484 FL 180 14 60764 50000 612.2 733 407548400000000 6 178 1 90393 11/06/2000 33 Xxxx Xxxxx 32444 2 12.380 123 49805.86 11/10/2015 2 4075515 MA 300 14 75075 31000 372.93 679 407551500000000 8 297 1 86000 10/03/2000 37 Clarksburg 1247 2 13.990 124 30976.81 10/11/2025 2 4075641 FL 181 14 144620 22000 294.83 694 407564100000000 6 178 1 160000 10/31/2000 39 Tallahasse 32308 2 14.130 105 21928.61 11/06/2015 2 4075710 VA 300 14 91911 22250 234.18 759 407571000000000 8 298 1 95000 11/06/2000 29 Xxxxxxxx Xxxxx 00000 2 11.990 121 22226.12 11/13/2025 2 4075759 IL 181 14 72639 34977 489.29 688 407575900000000 6 179 1 112900 11/24/2000 37 Xxxxxxx 60194 2 14.990 96 34853.23 12/01/2015 2 4075781 AL 241 14 212273 60000 757.03 680 407578100000000 9 239 1 247500 11/29/2000 38 Blountsville 35031 2 14.250 111 59902.5 12/04/2020 2 4075867 MD 301 14 128025 44400 526 714 407586700000000 8 298 1 147000 10/26/2000 37 Brandywine 20613 2 13.750 118 44365.31 11/01/2025 2 4075949 MD 300 14 100354 35000 378.36 737 407594900000000 8 298 1 120000 11/14/2000 00 Xxxxx Xxxx 00000 2 12.380 113 34963.33 11/20/2025 2 4075984 OK 181 14 61581 15000 187.33 747 407598400000000 6 179 1 77000 11/17/2000 36 CHELSEA 74016 2 12.750 100 14937.62 12/01/2015 2 4075986 KS 180 14 56000 19084.83 250.96 710 407598600000000 6 178 1 61200 11/08/2000 29 Schoenchen 67667 2 13.750 123 19050.13 11/15/2015 2 4076005 PA 181 14 100184 15000 208.66 673 407600500000000 6 178 1 105800 10/23/2000 48 Littlestown 17340 2 14.880 109 14954.28 11/01/2015 2

  • Delinquency Rate With respect to any calendar month, the fraction, expressed as a percentage, the numerator of which is the aggregate outstanding principal balance of all Mortgage Loans 60 days Delinquent or more (including all foreclosures, bankruptcies and REO Properties) as of the close of business on the last day of such month, and the denominator of which is the Pool Balance as of the close of business on the last day of such month.

  • Base premium rate means, for each class of business as to a rating period, the lowest premium rate charged or that could have been charged under the rating system for that class of business by the small employer carrier to small employers with similar case characteristics for health benefit plans with the same or similar coverage.

  • Replacement Rate has the meaning assigned thereto in Section 4.2.(b).

  • Lease Rate means for each 2010-1 Lease, the rent charge portion of each Monthly Payment, calculated on a constant yield basis at an imputed interest rate.

  • Tenant’s Percentage Share means the percentage specified in the Basic Lease Information.

  • Basic Rate means the applicable basic minimum wage rate prevailing on the date 28 days prior to the latest date for submission of Tenders, by reason of any National or State Statute or Ordinance.

  • Error Rate is the total number of Failed Requests divided by Total Requests, across all Resources in a given Azure subscription, during a given one-hour interval. If the Total Requests in a given one-hour interval is zero, the Error Rate for that interval is 0%.

  • Pool Strip Rate With respect to each Mortgage Loan, a per annum rate equal to the excess of (a) the Net Mortgage Rate of such Mortgage Loan over (b) the Discount Net Mortgage Rate (but not less than 0.00%) per annum.

  • Cost of Funds Rate means, for any Accrual Period and any Lender, the rate determined as set forth below:

  • Cap Rate For each Calculation Period, as set forth for such period on Schedule I attached hereto. Floating Rate for initial Calculation Period: To be determined Floating Rate Day Count Fraction: Actual/360 Floating Rate Option: USD-LIBOR-BBA, provided, however, if the Floating Rate Option for a Calculation Period is greater than 10.00% then the Floating Rate Option for such Calculation Period shall be deemed equal to 10.00%.

  • Repo Rate on any day means the highest interest rate available to a Lender from investment in overnight repurchase agreements.

  • Rolling Three Month Delinquency Rate With respect to any Distribution Date, the fraction, expressed as a percentage, equal to the average of the Delinquency Rates for each of the three (or one and two, in the case of the first and second Distribution Dates, respectively) immediately preceding calendar months.

  • Rental Rate means the average annualized composite rate for United States treasury bonds issued for periods of ten years and longer plus two percent. The rental rate shall not exceed ten and three-quarters percent nor fall below eight and one-quarter percent.

  • One Month LIBOR Rate means, with respect to any interest rate calculation for a Loan or other Obligation bearing interest at the Alternate Base Rate, a rate per annum equal to the quotient (rounded upward if necessary to the nearest 1/16th of one percent (0.0625%)) of (i) the rate per annum referred to as the BBA (British Bankers Association) LIBOR RATE as reported on Reuters LIBOR page 1, or if not reported by Reuters, as reported by any service selected by Administrative Agent on the applicable day (provided that if such day is not a Eurodollar Banking Day for which a Eurodollar Rate is quoted, the next preceding Eurodollar Banking Day for which a Eurodollar Rate is quoted) at or about 11:00 a.m., London time (or as soon thereafter as practicable), for Dollar deposits being delivered in the London interbank eurodollar currency market for a term of one month commencing on such date of determination, divided by (ii) one minus the Reserve Requirement in effect on such day. If for any reason rates are not available as provided in clause (i) of the preceding sentence, the rate to be used in clause (i) shall be, at Administrative Agent’s discretion (in each case, rounded upward if necessary to the nearest one-sixteenth (1/16) of one percent (0.0625%)), (1) the rate per annum at which Dollar deposits are offered to the Administrative Agent in the London interbank eurodollar currency market or (2) the rate at which Dollar deposits are offered to the Administrative Agent in, or by Xxxxx Fargo to major banks in, any offshore interbank eurodollar market selected by Administrative Agent, in each case on the applicable day (provided that if such day is not a Eurodollar Banking Day for which Dollar deposits are offered to Administrative Agent in the London interbank eurodollar currency market, the next preceding Eurodollar Banking Day for which Dollar deposits are offered to Administrative Agent in the London interbank eurodollar currency market) at or about 11:00 a.m., London time (or as soon thereafter as practicable) (for delivery on such date of determination) for a one month term. Each determination by Administrative Agent pursuant to this definition shall be conclusive absent manifest error.

  • Reference Interest Rate means the interest rate which is used as the basis for calculating any interest to be applied and which comes from a publicly available source which can be verified by both parties to a payment service contract;

  • AMPS Basic Maintenance Amount, as of any Valuation Date, means the dollar amount equal to (i) the sum of (A) the product of the number of shares of AMPS and Other AMPS Outstanding on such Valuation Date multiplied by the sum of (a) $25,000 and (b) any applicable redemption premium attributable to the designation of a Premium Call Period; (B) the aggregate amount of cash dividends (whether or not earned or declared) that will have accumulated for each share of AMPS and Other AMPS Outstanding, in each case, to (but not including) the end of the current Dividend Period that follows such Valuation Date in the event the then current Dividend Period will end within 49 calendar days of such Valuation Date or

  • Three-Month LIBOR Rate means the rate determined in accordance with the following provisions:

  • 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.

  • Excess Rate With respect to each ARD Loan, the excess of (i) the applicable Revised Rate over (ii) the applicable Mortgage Rate, each as set forth in the Mortgage Loan Schedule.

  • Base Monthly Rent means the fixed monthly rent payable by Tenant pursuant to Section 3.1 which is specified in Section K of the Summary.

  • Replacement Reference Rate means a reference rate which is: