Delay Rate definition
Examples of Delay Rate in a sentence
The interest rate set forth in (a) above is subject to increase at the Delay Rate as set forth in the Registration Rights Agreement.
The outstanding principal amount of the Notes shall accrue and bear interest at a rate per annum which at all times shall equal the Applicable Rate; provided, however, that all amounts of principal and (to the extent not prohibited by applicable law) accrued interest not paid when due hereunder shall accrue and bear interest at the Delay Rate.
The Company will pay accrued and unpaid interest with respect to the Notes (including without limitation any interest accruing at the Delay Rate) on each January 1 and July 1, commencing January 1, 2003, on the Maturity Date and on any accelerated maturity of the Notes; provided, however, that failure to pay interest on any January 1 or July 1 prior to the Maturity Date or any earlier acceleration of the Notes shall not constitute a Default or Event of Default hereunder.
Any such decision shall specify the amount of any payment to be made by either of the parties as a result of such decision, which payment shall include an interest component reflecting (i) the length of such Dispute and (ii) the Delay Rate (as defined in Section 14.2).
The payment of the ROS Delay Rate does not limit BlueScope’s right to enforce any other remedy it may be entitled to against the Customer (including general damages).
Any such decision shall specify the amount of any payment to be made by either of the parties as a result of such decision, which payment shall include an interest component reflecting (i) the length of the Dispute and (ii) the Delay Rate (as defined in Section 14.2).
Key indicators include: • On-Time Delivery (OTD): Percentage of deliveries made within the scheduled time; • Delay Rate: Number of late deliveries compared to orders placed.
Notwithstanding anything to the contrary in the foregoing, float shall not be available to the Department to absorb, and the ten (10) Business Day deductible referred to in the definition of Delay Rate, shall not be applicable to, delays caused by the Compensation Events set out in clauses (a), (b), (d), (h), (i), (k), (q), (r) (solely in respect of Hazardous Materials released by the Department), (u), (w), (x), (z), (aa) and (bb) of the definition thereof.