Completion Factor Clause Samples
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Completion Factor. During the Term, Gulfstream agrees to use its reasonable best efforts to achieve and maintain on a monthly basis at least a ninety five percent (95%) controllable completion factor. For purposes of this Agreement, “Controllable Completion Factor” shall mean for each calendar month during the Term the quotient (expressed as a percentage) equal to the number of actual departures divided by the number of scheduled departures, excluding in both the numerator and the denominator any flights canceled as a result of weather, Air Traffic Control, or no revenue passengers booked for the round trip flight. At a minimum, however, Gulfstream shall maintain on a monthly basis a Controllable Completion Factor of at least ninety percent (90%) (the “Minimum Controllable Completion Factor”), and Northwest shall be entitled to terminate this Agreement pursuant to Section 18(b)(iii) hereof in the event Gulfstream fails to achieve a Minimum Controllable Completion Factor of at least ninety percent (90%) for any six (6) month period during the Term.
Completion Factor. The Completion Factor is the percentage of the completed scheduled arrivals of Guaranteed Aircraft, based on the Codes in Subparagraph 2.2 hereof which start with "X".
Completion Factor is calculated by taking a weighted average of the performance levels by category based on the number of combined actual departures and arrivals within each category during the Performance Period. Category Additional Penalty Penalty Neutral JFK/LGA [***] [***] [***] All Other [***] [***] [***] Threshold Calculated Calculated Calculated Formula : TSDA = Total system departures and arrivals TNDA = Total departures and arrivals to/from LGA/JFK TNDA/TSDA = TNY
1- TNY = TSY Additional Penalty Range = < (JFK/LGA Additional Penalty Value)(TNY) + (All Other Additional Penalty Value)(TSY) Penalty Range = (JFK/LGA Penalty Value Low Range)(TNY) + (All Other Penalty Value Low Range)(TSY) – <(JFK/LGA Penalty Value Upper Range)(TNY) + (All Other Penalty Value Upper Range)(TSY) Neutral = ≥ (JFK/LGA Neutral Value)(TNY) + (All Other Neutral Value)(TSY) Example: · JFK/LGA represents 10% of system arrivals/departures in Performance Period · “All other” represents 90% of system arrivals/departures in same period · Neutral threshold: ([***] * .10) + ([***] * .90) = [***]
Completion Factor. If Mesaba’s completion factor (calculated in accordance with Section 2.10(b)(i) of the Agreement) is less than ***% for a Performance Period, Northwest shall receive from Mesaba $*** per enplaned Revenue Passenger during the applicable Performance Period. If Mesaba’s completion factor is greater than ***% for a Performance Period, Northwest shall pay to Mesaba $*** per enplaned Revenue Passenger during the applicable Performance Period.
Completion Factor. Mesaba shall achieve not less than a *** percent (***%) completion factor for all Scheduled Flights which are scheduled to be operated by Mesaba during each Performance Period. For purposes of this Agreement, all cancellations due to airport closure and weather minima at the Service Cities or the Hub Cities, or Northwest controllable events, will be excluded from this calculation.
Completion Factor. If Mesaba's completion factor (calculated in accordance with Section 2.10(a)) is less than [*] for a Performance Period, Northwest shall receive from [*] Confidential material omitted and filed separately with the Securities and Exchange Commision pursuant for a request for confidential treatment Mesaba [*] during the applicable Performance Period. If Mesaba's completion factor is greater than [*] for a Performance Period, Northwest shall pay to Mesaba [*] during the applicable Performance Period, and if Mesaba's completion factor is greater than [*] for such Performance Period, Northwest shall also pay to Mesaba an additional [*] during such Performance Period.
Completion Factor. If Mesaba's completion factor (calculated in accordance with Section 2.05) is less than {CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT} for a Performance Period, Northwest shall receive from Mesaba {CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT} during the applicable Performance Period. If Mesaba's completion factor is greater than {CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT} for a Performance Period, Northwest shall pay to Mesaba {CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT} during the applicable Performance Period.
Completion Factor. (4) Annual