Client Credit Sample Clauses
The Client Credit clause establishes the terms under which a client may receive credits, typically as compensation for service failures or unmet performance standards. In practice, this clause outlines the conditions that trigger a credit, the method for calculating the credit amount, and how it will be applied—such as a deduction from future invoices or as a standalone credit note. Its core function is to provide a clear, predefined remedy for clients when services do not meet agreed expectations, thereby allocating risk and promoting accountability.
Client Credit. Client acknowledges and agrees that Client must satisfy Pedigree’s credit criteria then in effect, from time to time, to receive continued access to the Licensed Technology, if Client allows any payment to Pedigree to be overdue by more than sixty (60) calendar days.
Client Credit. If GravIT determines that Services were unavailable (excluding scheduled outages or those caused by customers or third parties) for a period exceeding the maximum allowable under the prescribed uptime guarantee, and extending for a continuous duration of 1 hour or more per instance, upon the customer’s request, GravIT will credit the Clients’ monthly invoice the pro-rated charges of one (1) day of the GravIT Service fee for each consecutive hour of applicable downtime, up to a maximum of 30 days per month. To receive this credit, the Client must contact GravIT requesting the credit within 30 days of the end of the month for which credit is requested.
Client Credit. Client acknowledges and agrees that Client must satisfy Pedigree’s credit criteria then in effect, from time to time, to receive continued access to the Licensed Technology. Client shall furnish to Pedigree, at Pedigree’s request, copies of Client’s most recent Financial Statements and/or Tax Returns and/or other reasonably relevant information to allow Pedigree to evaluate Client’s credit worthiness. Such information provided will be considered Confidential Information under the Master Agreement.