Delinquency Rate
Delinquency Rate. Shall mean (x) one percent (1%), if the event giving rise to the payment of liquidated damages hereunder in which such rate is being applied occurs within 270 calendar days after the Signing Date, otherwise (y) two percent (2%).
Found in
GLYCOGENESYS INC contract
Delinquency Rate. The Delinquency Rate for the most recent Monthly Period for which such Delinquency Rate has been reported hereunder is greater than or equal to 6%
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Found in
MEDALLION FINANCIAL CORP contract
