Delay Penalty definition

Delay Penalty. The penalty in the occurrence of any Delay as determined in GC 24.2.

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Delay Penalty the penalty in the occurrence of any Delay as determined in Clause 17.2. Delivery Date: the date for delivering Parts to SODECIA, as noted on the Release. Forecasts: a non-binding statement regarding projected quantities for the months following the month in progress. GC: the General Conditions in this Agreement. IMDS: International Material Data System – computer system for entering Parts’ data. Incoterms: the terms and conditions of sale published by the International Chamber of Commerce. NDA: the Non-Disclosure Agreement executed by and between the Parties in the Sodecia Supplier Portal. Parts: the raw materials/fasteners identified in the SC and/or Releases. Parts Specifications: the engineering definition, mathematical model release, dimensions and tolerance release for the Parts, detailed in the SC. Party or Parties: either one of the entities in this Agreement, individually or together. PPAP: Production Part Approval Process – the set of rules to which the production and delivery of Parts are subject, to be complied by the Supplier and subject to approval by ▇▇▇▇▇▇▇. Release or Releases: the notification(s) by SODECIA to the SUPPLIER indicating the Parts, quantities to be supplied, from time to time, Delivery Dates and/or Forecasts. A Release incorporates the GC. Request for Quotation: a solicitation to a supplier to provide a cost quote for certain Parts for a specific programme. SC: The Special Conditions in this Agreement.

Delay Penalty means the penalty imposed as a result of unreasonable delays in right-of- way construction.

Examples of Delay Penalty in a sentence

A romantical or dating partner may not stay overnight in student housing.
Any such reimbursement will be credited back to the Vendor such that the Interim Delay Penalty otherwise offset against the relevant Substantial Completion payment in accordance with subsection 15.2(a) above will be added back to such Substantial Completion payment to be made to the Vendor by the Owner.
The Interim Delay Penalty applicable to Milestone 4 (as set forth on Exhibit A1) will be [__________].
Interest at the rate of eighteen percent (18%) per annum will be charged on any payment not received within ten (10) calendar days of billing date and will be assessed a Production Delay Penalty fee of One Hundred Dollars ($100.00) per day for each day payment is delayed beyond ten (10) days following billing date to a maximum of thirty (30) days.
In the event that the entirety of the Premises are not delivered on this date, Landlord shall provide one and one-half (1-1/2) days’ free Basic Rent applicable to such Net Rentable Area of the Premises not so delivered to Tenant for each day delivery of such space is delayed beyond the Target Date (the “Delay Penalty”); provided, however, that the Delay Penalty shall not accrue if, and to the extent that, the delay is a result of Force Majeure.
The Lessor shall cause the Contractor to prepare a change order describing the increase or decrease in the cost of the Tenant Improvements which would result from the requested change, the additional time, if any, required to complete the requested change and any Tenant Delay Penalty (as defined in Section 18.6(b)) that will be imposed.
For the avoidance of doubt, the Delay Penalty shall be retained by Seller whether or not the Closing occurs; provided, however, 25% of the Delay Penalty shall be credited towards Buyer's payment of the Estimated Purchase Price.
The parties hereto agree that the aggregate Closing Delay Penalty shall be added to the principal balance of the Second Promissory Note.
The Tenant Delay Penalty shall be calculated by using the size of the Premises as shown on the working drawings.
Purchaser and Clarion jointly and severally agree to pay to Company a penalty in the amount of twenty seven thousand five hundred dollars ($27,500), but not to exceed fifty five thousand dollars ($55,000) in the aggregate, for each day that the Closing extends beyond February 14, 2000 ("Closing Delay Penalty").

More Definitions of Delay Penalty

Delay Penalty shall have the meaning set forth in Section 5.20.

Delay Penalty. The penalty in the occurrence of any Delay as determined in Clause 28.2.

Delay Penalty means the city may establish and impose a reasonable delay penalty for unreasonable delays in right-of-way excavation; obstruction, patching or restoration.

Delay Penalty shall have the meaning ascribed to it in Clause (d)(iv) of Schedule 5 attached hereto. “Disclosing Party” shall have the meaning ascribed to it in Clause 17.2.

Delay Penalty means the penalty imposed as a result of unreasonable delays in right-of- way excavation, obstruction, patching, or restoration as established by permit.