Common use of Limits on Credits Clause in Contracts

Limits on Credits. The foregoing notwithstanding, (a) the total aggregate amount of Outage Credits, Security/Access Credits, Full SOC 2 Credits, and Partial SOC 2 Credits to which Tenant may become entitled in any calendar month shall not exceed Tenant’s total monthly Base Rent (at the time of the event); and (b) Tenant’s entitlement to, and accrual of, Outage Credits related to any Interruption – Electrical shall occur only from and after the point at which the aggregate duration of all Interruptions – Electrical during any rolling twelve (12) month period exceeds the Interruption – Electrical Duration Threshold.

Appears in 2 contracts

Samples: Turn Key Datacenter Lease (Carbonite Inc), Turn Key Datacenter Lease (Carbonite Inc)

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Limits on Credits. The foregoing notwithstanding, (a) the total aggregate amount of Outage Credits, Security/Access Credits, Full SOC 2 Credits, and Partial SOC 2 Credits to which Tenant may become entitled in any calendar month shall not exceed TenantXxxxxx’s total monthly Base Rent (at the time of the event); and (b) Tenant’s entitlement to, and accrual of, Outage Credits related to any Interruption - Electrical shall occur only from and after the point at which the aggregate duration of all Interruptions - Electrical during any rolling twelve (12) month period exceeds the Interruption - Electrical Duration Threshold.

Appears in 1 contract

Samples: Deed of Turn Key Datacenter Lease (Carbonite Inc)

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Limits on Credits. The foregoing notwithstanding, (a) the total aggregate amount of Outage Credits, Security/Access Credits, Full SOC 2 SAS 70 Credits, and Partial SOC 2 SAS 70 Credits to which Tenant may become entitled in any calendar month shall not exceed Tenant’s total monthly Base Rent (at the time of the event); and (b) Tenant’s entitlement to, and accrual of, Outage Credits related to any Interruption Electrical shall occur only from and after the point at which the aggregate duration of all Interruptions Electrical during any rolling twelve (12) month period exceeds the Interruption Electrical Duration Threshold.

Appears in 1 contract

Samples: Turn Key Datacenter Lease (Carbonite Inc)

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