Traffic Delay definition
Traffic Delay means the additional travel time experienced by a Highway User due to conditions, incidents and events including, but not limited to road construction, maintenance activities, accidents, and avalanche closures. It is measured as the time difference between actual travel time and free-flow travel time
Examples of Traffic Delay in a sentence
The transfer of HK Company Shares and the issuance of Cayman Company Shares shall take place via the exchange of documents and signatures, on a date specified by the Parties, or at such other time and place as the Parties agree upon, which date shall be no later than 5 Business Days after the execution of this Agreement (which time and place are designated as the “Closing”).