Delay Credit definition

Delay Credit is defined in Section 6.2.
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Delay Credit shall have the meaning specified in Paragraph 6.4 (Credits for Delays) below.
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Delay Credit has the meaning set forth in Section 4.5 of Exhibit J (Pricing).
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Examples of Delay Credit in a sentence

  • The amount of the Delivery Delay Credit will be equal to Five Hundred Dollars ($500) for each day completion is delayed beyond the applicable Delivery Milestone Date.

  • The Delay Credit will offset any fees or other costs owed to Gatherer by Producer for the Month(s) in which the Delay Credit occurs.

  • In the event of any delays resulting in a Delay Credit, Supplier shall provide to Buyer a corrective and preventive action plan and root cause analysis addressing such delay.

  • The Board of Directors shall designate whether the Chairman of the Board, the Chief Executive Officer, or such other director as the Board may determine shall preside at each meeting of the Board of Directors.

  • The situation of fundamental rights was the situation of women and girls in Afghanistan, where influenced positively or adversely by objective conditions.

  • Notwithstanding anything to the contrary stated herein, in the event all of the Subleased Premises is not delivered by 120 days after receipt of the Landlord's Consent, Subtenant shall be entitled by written notice to Sublandlord to cancel this Sublease and receive the Delay Credit from Sublandlord in certified or wired funds.

  • The right to the Delay Credit will not be applicable if the Landlord does not deliver possession of the Leased Premises (or portion thereof) due to any casualty to the Leased Premises or the Building that causes a delay in Landlord delivering the Leased Premises to Tenant.

  • The Delay Credit shall be determined and issued on a calendar quarterly basis.

  • If the LESSOR so notifies the LESSEE in writing, then the Delay Credit per section 2.2 will be reduced to S3,70.0 per month or any part thereof during such 90 day delay period only and the "Delay Credit" per Section 2.2 will be calculated from the new Commencement Date.

  • Any Delay Credit shall be applied to the Base Rent becoming due on the fourth month of the first Lease Year and each month thereafter, until fully applied.


More Definitions of Delay Credit

Delay Credit is defined in Section 6.2 of the Agreement. SCHEDULE 1.5 ***.
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Related to Delay Credit

  • Availability Credit means the remedy IBM will provide for a validated Claim. The Availability Credit will be applied in the form of a credit or discount against a future invoice of subscription charges for the Service.

  • Primary Credit Facility mean the credit facility described in the Line of Credit section of this Agreement.

  • Company Credit Facility means the Credit Agreement, dated as of March 24, 2016, as amended and restated as of December 14, 2017, as further amended and restated as of May 7, 2019, as further amended and restated as of September 11, 2019, and as further amended and restated as of November 12, 2019, by and among Centene, the various financial institutions named therein, as lenders, and Wells Fargo Bank, National Association, as Administrative Agent, including any related notes, Guarantees, collateral documents, instruments and agreements executed in connection therewith, and in each case as amended, restated, modified, renewed, refunded, replaced or refinanced (in whole or in part) from time to time, whether or not with the same lenders or agent.

  • Revolving Facility Credit Exposure means, at any time, the sum of (a) the aggregate principal amount of the Revolving Facility Loans outstanding at such time, (b) the Swingline Exposure at such time and (c) any Revolving L/C Exposure at such time. The Revolving Facility Credit Exposure of any Lender at any time shall be the product of (x) such Lender’s Revolving Facility Percentage and (y) the aggregate Revolving Facility Credit Exposure of all Lenders, collectively, at such time.

  • 364-Day Credit Agreement means the 364-Day Credit Agreement, dated as of the date hereof, among the Borrowers, the several banks and other financial institutions from time to time parties thereto, JPMorgan Chase Bank, as administrative agent, and the other agents party thereto.

  • Letter of Credit Termination Date means the later of (i) that date upon which the Letter of Credit shall expire or terminate pursuant to its terms, or (ii) that date to which the expiration or termination of the Letter of Credit may be extended, from time to time, either by extension or renewal of the existing Letter of Credit or the issuance of a Substitute Letter of Credit.

  • Facility Fees has the meaning provided in Section 2.11(a).

  • Unused Revolving Line Facility Fee is defined in Section 2.4(d). [Signature page follows.]

  • Dollar Letter of Credit means a Letter of Credit denominated in Dollars.

  • Letter of Credit Advance means an advance made by the Issuing Bank or any Revolving Credit Lender pursuant to Section 2.03(c).

  • Drawing means the drawing or drawings specified in or annexed to the Specifications;

  • Letter of Credit Maturity Date the date occurring 15 days prior to the Revolving Termination Date then in effect (or, if such day is not a Business Day, the next preceding Business Day).

  • Letter of Credit Amount the stated maximum amount available to be drawn under a particular Letter of Credit, as such amount may be reduced or reinstated from time to time in accordance with the terms of such Letter of Credit.

  • Letter of Credit Fees shall have the meaning set forth in Section 3.2.

  • Revolving Line of Credit means the Commitments of the Lenders to make Revolving Loans pursuant to Section 3 of this Financing Agreement and assist the Companies in opening Letters of Credit, Bankers Acceptances, Steamship Guarantees and Airway Releases pursuant to Section 5 of this Financing Agreement, in an aggregate amount equal to $250,000,000.

  • LC means Letter of Credit

  • Letter of Credit Fee has the meaning specified in Section 2.03(h).

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Revolving Letter of Credit means a letter of credit issued by a Revolving Fronting Bank pursuant to Section 2.03(a) and shall also include each Existing Letter of Credit.

  • Facility Fee has the meaning specified in Section 2.09(a).

  • L/C Credit Extension means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the increase of the amount thereof.

  • Letter of Credit Expiration Date means the day that is seven days prior to the Maturity Date then in effect (or, if such day is not a Business Day, the next preceding Business Day).

  • Letter of Credit Availability Period the period from and including the Closing Date to but excluding the Letter of Credit Maturity Date.

  • Dollar LC Exposure means, at any time, the sum of (a) the aggregate undrawn amount of all outstanding Dollar Letters of Credit at such time plus (b) the aggregate amount of all LC Disbursements in respect of such Letters of Credit that have not yet been reimbursed by or on behalf of the Borrower at such time. The Dollar LC Exposure of any Lender at any time shall be its Applicable Dollar Percentage of the total Dollar LC Exposure at such time.

  • Unused Revolving Commitment means, for any Lender at any time, the excess of (i) such Lender’s Revolving Commitment at such time over (ii) such Lender’s Revolving Facility Exposure at such time.

  • Applicable Letter of Credit Fee Rate means the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Letter of Credit Fee.”