Delay Payments definition
Examples of Delay Payments in a sentence
In the event the Company fails to make Registration Delay Payments in a timely manner in accordance with the foregoing, such Registration Delay Payments shall bear interest at the rate of two percent (2%) per month (prorated for partial months) until paid in full.
Notwithstanding any other provisions of the Call Off Contract, the Service Provider is under no obligation to pay Delay Payments or other liquidated damages in respect of the SOW Services or the SOW Delivery.
In accordance with Paragraph 5 of Part A of Schedule 5.1 (Charges and Invoicing) of the Call-Off Terms, the following Delay Payments shall apply: None.
The payments to which an Investor shall be entitled pursuant to this Section 4(i)(iii) are referred to herein as “Disclosure Delay Payments.” In the event the Company fails to make Disclosure Delay Payments in a timely manner in accordance with the foregoing, such Disclosure Delay Payments shall bear interest at the rate of two percent (2%) per month (prorated for partial months) until paid in full.