Total penalty definition

Total penalty means the sum of the highest stated penalties for each count.
Total penalty means the sum of all maximum the highest stated penalties for each count.
Total penalty means refers to the sum of the highest stated penaltiesy for each count.

Examples of Total penalty in a sentence

  • Total penalty shall be limited to 20% with 18% GST Extra of the invoice value.

  • Total penalty per year during O&M period on account of above conditions shall be limited to 30% of total O&M charges for one year.

  • Total penalty shall be limited to 20% of the invoice value + GST Extra.

  • Total penalty imposed for unsatisfactory performance in the similar qualifying contract should not exceed more than 7% of the contract value.

  • Total penalty proposed for settlement: $6,000 + $5,000 + $10,000 = $21,000.

  • Total penalty shall be limited to 20%with 18% GST Extra of the invoice value.

  • Total penalty shall be calculated by multiplying the number of safety violations and the penalty amount specified for such violations in Appendix - 1.

  • Certificate by Manager (Min)/EMC Head on Power failure is final and binding10.2.4. Total penalty during warranty period of one year and first year of AMC on account of above conditions shall be limited to 30% of total AMC charges for first two years (i.e. 1 year warranty period and 1st year of AMC) and then for rest four years the penalty per year shall be limited to 30% of total AMC charges of respective year.

  • Important: Total penalty applicable shall be capped at 10% of the contract value.

  • Total penalty imposed by the Bank under this contract shall be capped to 10% ofthe order value (TCO).


More Definitions of Total penalty

Total penalty means the sum of all maximum stated penalties for each count.

Related to Total penalty

  • Total Payments means those payments so described in Section 6.2 hereof.

  • eligible penalty means a judgment, penalty or fine awarded or imposed in, or an amount paid in settlement of, an eligible proceeding;

  • Civil penalty means a penalty which is imposed on a credit provider by the operation of this Act and under which the debtor is not liable to pay to the credit provider an amount otherwise payable under a regulated contract.

  • Administrative penalty means a monetary fine imposed by the division for acts or

  • Statutory Penalties are those amounts awarded as a penalty, but are fixed in amount by statute.

  • Published Penalties means any additional published cancellation penalties levied by Your travel agency or Travel Supplier that apply to all clients of the travel agency or Travel Supplier and can be documented at time of Your purchase of Travel Arrangements from Your travel agency. The maximum amount reimbursable for travel agency published penalties is 25% of the total trip cost excluding taxes and other non-commissionable items.

  • High Deductible Health Plan means a Health Plan as defined by 26 USC § 223(c)(2)(A) that also is a Qualified Health Plan.

  • Excess Compensation means Compensation in excess of the following Integration Level: (Choose (1) or (2))

  • Parachute Payment Ratio means a fraction the numerator of which is the value of the applicable “parachute payment” for purposes of Section 280G of the Code and the denominator of which is the actual present value of such payment.

  • CAISO Penalties means any fees, liabilities, assessments, or similar charges assessed by the CAISO for (a) violation of the CAISO Tariff and all applicable protocols, WECC rules or CAISO operating instructions or orders or (b) as a result of Seller’s failure to follow Prudent Electrical Practices. “CAISO Penalties” do not include the costs and charges related to Scheduling and imbalances as addressed in Section 14.1 of this Agreement.

  • Prepayment Penalty With respect to each Mortgage Loan, the amount of any premium or penalty required to be paid by the Mortgagor if the Mortgagor prepays such Mortgage Loan as provided in the related Mortgage Note or Mortgage.

  • Total Premiums Paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.

  • Fraud Loss Coverage Amount As of the Closing Date, $2,500,000, subject to reduction from time to time, by the amount of Fraud Losses allocated to the Certificates. In addition, on each anniversary of the Cut-off Date, the Fraud Loss Coverage Amount will be reduced as follows: (a) on the first, second, third and fourth anniversaries of the Cut-off Date, to an amount equal to the lesser of (i) 1.00% of the then current Stated Principal Balance of the Mortgage Loans in the case of the first and second anniversaries and 0.50% of the then-current Stated Principal Balance of the Mortgage Loans in the case of the third and fourth such anniversaries and (ii) the excess of the Fraud Loss Coverage Amount as of the preceding anniversary of the Cut-off Date over the cumulative amount of Fraud Losses allocated to the Certificates since such preceding anniversary; and (b) on the fifth anniversary of the Cut-off Date, to zero.

  • Annual Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder in a Policy Year irrespective of whether any limits of any benefit items stated in the Benefit Schedule have been reached. The Annual Benefit Limit is counted afresh in a new Policy Year.

  • Significant break in coverage means a period of 63 consecutive days during each of which an individual does not have creditable coverage.

  • Excise Tax means the excise tax imposed by Section 4999 of the Code, together with any interest or penalties imposed with respect to such excise tax.

  • Total Price means the amount specified as such in the Quote.

  • Disability allowance means monthly payments during

  • Total wages , in relation to any year, means the total of the ordinary and additional wages in that year received by an employee;

  • Safe Harbor Amount means 2.99 times the Executive’s “base amount,” within the meaning of Section 280G(b)(3) of the Code.

  • Prepayment Penalty Amount With respect to any Remittance Date, all prepayment penalties, penalty or yield maintenance premiums or charges paid by the obligors under the Mortgage Notes due to Principal Prepayments collected by the Servicer during the immediately preceding Prepayment Period.

  • Fraud Loss Coverage Termination Date The point in time at which the Fraud Loss Coverage Amount is reduced to zero.

  • Deductible has the meaning set forth in Section 11.1(e).

  • Multiple Employer Plan means a Plan which has two or more contributing sponsors (including the Borrower or any ERISA Affiliate) at least two of whom are not under common control, as such a plan is described in Section 4064 of ERISA.

  • Elective Deferrals are all Salary Reduction Contributions and that portion of any Cash or Deferred Contribution which the Employer contributes to the Trust at the election of an Eligible Employee. Any portion of a Cash or Deferred Contribution contributed to the Trust because of the Employee's failure to make a cash election is an elective deferral. However, any portion of a Cash or Deferred Contribution over which the Employee does not have a cash election is not an elective deferral. Elective deferrals do not include amounts which have become currently available to the Employee prior to the election nor amounts designated as nondeductible contributions at the time of deferral or contribution.

  • Employment Tax means any Tax the liability or responsibility for which is allocated pursuant to the Employee Matters Agreement.