Examples of Maintenance Failure in a sentence
Contractor shall, within ten (10) days after the end of the applicable month, issue the Authority a credit equal to ten percent (10%) of the portion of the [Fee] allocable to such month for each Support and Maintenance Failure.
If the Company has declared a Blackout Period, a Maintenance Failure shall be deemed not to have occurred and be continuing in relation to the Registration Statement during the period specified in Section 3(g) of the Registration Rights Agreement.
If there is a Support and Maintenance Failure (i) during three (3) consecutive calendar months or (ii) during any three (3) calendar months in a period of six (6) consecutive calendar months, then the Authority may terminate this Agreement by notice to Contractor given within thirty (30) days after the end of the final month of such deficiency.
Registration Delay Payments shall be paid within three (3) Business Days after the day of the Registration Failure, Filing Failure, Effectiveness Failure and the initial day of a Maintenance Failure, as applicable, and thereafter on the earlier of (I) the thirtieth (30th) day after the event or failure giving rise to the Registration Delay Payments has occurred and (II) the third (3rd) Business Day after the event or failure giving rise to the Registration Delay Payments is cured.
The service credits shall be issued as refunds and Contractor shall provide the Authority with a detailed report evidencing the calculation of the Support and Maintenance Failure and service credit.