Unexpected Delay definition
Unexpected Delay means any delay in providing the Services that is caused or contributed to by an act or event (including the non-performance of your obligations) that is beyond our control or was not reasonably foreseeable by us at the time of accepting an Assessment Request.
Unexpected Delay occurs when repayment has not occurred within three and one-half (3.5) years past the Transfer Date, and thereafter, the Funder shall receive interest on such unpaid amounts equal to 20% per annum commencing on the three and one-half year anniversary of the Transfer Date and which shall be added to the Funder Costs Amount and Funder Recovery Amount. Such interest will be calculated on an annual basis and will be added to the principal at the end of the prior year. End of year principal will include Funder Costs Amount and Funder Recovery Amounts due based on funding and recovery terms set forth above, plus additional interest accrued to date as provided in this Section 3.3.
Examples of Unexpected Delay in a sentence
MANROM shall not be liable for any Loss, or failure to provide the Services, which is caused by an Unexpected Delay or default by Client or which arises as a result of us relying on any false, misleading or incomplete Information provided by the Client.
We will notify you as soon as is practicable if an Unexpected Delay arises that may affect the Services (and / or the Website Maintenance Services, Hosting Services, or SEO Services, as the case may be) and the cause of the Unexpected Delay, if known.