Penalty Amount definition

Penalty Amount. For each SLA, the amount computed pursuant to Exhibit F, including, without limitation, the application of any applicable double penalties, triple penalties or waivers and taking into account the consecutive failure requirement for a penalty to be assessed.

Penalty Amount means the contingent amount that exists only if the Company, in accordance with Section 3(a)(ii), has not notified the Holders that it elected to accrue and pay dividends after the Initial Dividend Period in the same manner as during the Initial Dividend Period and the Company thereafter failed to declare and pay the applicable cash dividend in full on a relevant Compounding Date, and which is equal to the difference between the accrued and unpaid dividend attributable to the relevant Compounding Date and the amount that would have been the accrued and unpaid dividend attributable to the relevant Compounding Date had the dividend rate set forth in Section 3(a)(ii) below been calculated at 16% per annum, not 14% per annum.

Penalty Amount means Default Interest Rate multiplied by the Default Amount.

Examples of Penalty Amount in a sentence

• The Prepayment Penalty Amounts listed on the Prepayment Penalty Amount Schedule attached hereto as Exhibit A are complete, true and accurate and may be relied on by the Servicer in its calculation of Prepayment Penalty Amounts.

• If the Prepayment Penalty Amount data set forth on Exhibit A is incorrect, then the Servicer shall have no liability for any loss resulting from calculation of Prepayment Penalty Amounts using the data provided.

• Except as provided below, the Servicer or any designee of the Servicer shall not waive any Prepayment Penalty Amount with respect to any Mortgage Loan.

• Servicing compensation in the form of assumption fees, if any, late payment charges, as collected, if any, or otherwise (including any Prepayment Penalty Amount) shall be retained by the Master Servicer (or the applicable Servicer) and shall not be deposited in the Collection Account.

• In the event a Tax Reimbursement Payment is due, the Company shall promptly (but in no event later than 10 business days after the Accountants have determined and informed the Company) pay the Executive such Tax Reimbursement Payment (as calculated in accordance with the immediately preceding sentence) and the Penalty Amount.

More Definitions of Penalty Amount

Penalty Amount means an amount that is initially equal to Zero Dollars ($0.00) but may be increased from time to time (but not decreased) in accordance with Section 2.1(f).

Penalty Amount. [ADDM IV, SS.22] has the meaning set forth in section 2.1 of the Management Agreement.

Penalty Amount means an amount required by section 40(1) to be paid as a penalty amount;

Penalty Amount means U.S. $200,000.

Penalty Amount shall have the meaning set forth in section 7.8(a).

Penalty Amount means an amount equal to the penalties accrued and that will accrue under the applicable airline contracts in connection with the Company's failure to install or deliver any equipment in accordance with the 1999 Projected Installation Schedule (including, for the avoidance of doubt, any penalties incurred under contracts with SAS) attached to Schedule X. Such Penalty Amount shall include (i) penalties accrued up to the Closing Date and (ii) penalties projected to accrue for a period of up to 90 days thereafter, assuming that installation or delivery of the equipment affected by such failure will be made on a timetable consistent with the Company's past practices.

Penalty Amount shall have the meaning assigned thereto in Section 2(c) hereof.