Day Rate definition

Day Rate means the rate per day per grade tendered by the Supplier in the Supplier’s proposal that shall never be exceeded within this Contract;
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Day Rate. The arithmetic mean for each day in a Seven-Day Period as determined by the Calculation Agent in accordance with Section 2.07(i)(P)(2).
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Day Rate means payment made for being on stand-by during standard business hours, 08:30 to 17.00.
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Examples of Day Rate in a sentence

  • If the Outcharter day rate earned is less than or equal to the relevant Day Rate under this Agreement, then HSM will credit MPC for 100% of the amount received from the Outcharter.

  • MPC shall pay HSM monthly (a) the Day Rate stated in Exhibit B for each item of Equipment listed in Exhibit C and in any Memorandum to File for each day of the invoice month and (b) the charges listed in Exhibit B and Exhibit H for Fleeting Services and Cleaning and Repair Facility Charges, as well as the charges listed in Exhibit B and Exhibit G for Tankerman Services, as incurred for the invoice month (collectively, the "Monthly Payment").

  • If the Outcharter day rate earned is greater than the Day Rate of this Agreement, HSM will credit MPC for 100% of the Day Rate of this Agreement.


More Definitions of Day Rate

Day Rate. The arithmetic mean for each day in a Seven-Day Period as determined by the Calculation Agent in accordance with Section 2.07(i)(P)(2). Dealers: Firms that engage in the business of dealing or trading in debt securities as agents, brokers or principals.
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Day Rate means the rate set out in the Confirmation Letter;
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Day Rate means the day rate for Contractor Personnel set out in Appendix 1 to Schedule 22 (Charges and Invoicing);
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Day Rate rate charged by the Supplier per day or half day for Interim Technical or Print Consultancy resources required for the Buyers Contract "Dedicated Account Manager Supplier staff who is dedicated to the Buyer’s contract
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Day Rate means the rate charged for a hookup performed by an operator between the hours of 8:00
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Day Rate means the maximum daily labour charge for a specific grade of person, based on an 8 hour day and whether or not such hours are worked consecutively and whether or not they are worked on the same day, exclusive of lunch break, travel and related expenses, as set out in the Tender, and which forms the Framework Price(s) as set out in Framework Schedule 3 (Framework Prices and Charging Structure);
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Day Rate means rate per day given in the Contract Price schedule at Annexure-`C' (to be appended at the time of finalization of Contract) for each item of Equipment/ Labour actually deployed.
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