Liveness Sample Clauses

Liveness. The protocol as presented thus far does not ensure liveness. We remedied this by introducing timeouts, such that players default to choosing an action when they did not respond. For some applications this may not be satisfactory, in that we want the parties to respond as quickly as possible rather than waiting for the timeout. We will fix this using an idea of Xxxxxxxxx and Xxxxxxxxxxxxxx [1]. We require both parties to submit a deposit in order to accept the contract. If a party times out, it loses its deposit. This incentivizes the parties to answer within the timeout. However, playing a move at any time before the timeout is still an equilibrium. We can fix the problem by withholding an amount of the deposit proportional to time taken. However, this unfairly punishes honest parties which may incur a short delay for legitimate reasons. Instead, the protocol is parameterized by two timeouts Tthreshold < Ttimeout. Tthreshold is a “reasonable” time before which parties are not punished, and Ttimeout is the timeout where a default action is taken. Let D be the size of the deposit. A party makes a decision at time t is paid ρ(t) defined by:  D if t ≤ Tthreshold  . ρ(t) = D  1 − t−Tthreshold Ttimeout−Tthreshold if T threshold timeout 0 o.w. This ensures that parties have largest incentive to answer within reasonable time, and otherwise to answer as quickly as possible. 9 Multiparty transactions In this section we consider generalizing the contract to more parties. Consider a multiparty transaction with n parties: each party may possibly transact with every other party (acting both as seller and buyer). Note that we could just invoke the two- party contract for each pair, however this would incur transaction fees O(n2) times which we would like to avoid. We present a contract that enables a set of n parties to make any number pairwise transactions using O(n) transaction fees, which is easily seen to be optimal. We denote by P1, . . . Pj the n players, and let xij be the size of the payment from Pi to Pj . We will essentially run the two-party protocol n2 times in parallel, and compress the bookkeeping using a procedure similar to how you would split the bill at a restaurant, the algorithm is as follows: 1. Pi deposits Σn xij to the contract. 2. All items are delivered off-chain. 3. Pi produces a dispute vector di where dij = 0 if Pi does not dispute the item received from Pj , and dij = 1 otherwise. Σn 4. Pi deposits dijλij to the contract, where λij = xji...
AutoNDA by SimpleDocs
Liveness. Finally, we argue that by the end of epoch R, every forever honest node will have output a bit. Observe that whenever a forever honest node is the leader in some epoch r (and such an r must exist because R ≥ f + 1), it will sign a unique and valid proposal. It follows that in this epoch r, all nodes (that have not already produce an output earlier) will output some bit.

Related to Liveness

  • Dependability a) Requires constant supervision to perform daily routine correctly b) Occasionally misses necessary task c) Rarely misses necessary task and is reliable d) Outstanding reliability and job is always completed correctly

  • PRODUCTIVITY The Union shall place no limitations upon the amount of work which an Employee shall perform during the working day and there shall be no restrictions imposed against the use of any type of machinery, tools or labour saving devices.

  • Indicators Debt to Asset Ratio (10%) •Cash Flow (10%) •Total Margin (25%)

  • Reliability Reliability targets (Mean Time Between Failures (MTBF)) are defined in the technical specifications as set out in the Contract. Notwithstanding any possible application of penalties relating to reliability defined in the Contract, Goods shall remain covered by the warranty defined in this Article 16 as long as the reliability commitments have not been reached.

  • Timeliness Time is of the essence in this Agreement.

  • Visibility 1. Unless the Council of Europe requests or agrees otherwise, the Grantee shall take all necessary measures to publicise the fact that the Action has been funded within the framework of a Joint Project between the European Union and the Council of Europe. Information given to the press and to the beneficiaries of the Action, all related publicity material, official notices, reports and publications, shall acknowledge that the Action was carried out with a grant from a Joint Project between the European Union and the Council of Europe and shall display in an appropriate way the Joint Projects’ visual identity (for instructions on use of the Joint Projects’ visual identity, see Appendix IV). 2. In cases where equipment or major items have been purchased using funds provided by the European Union or the Council of Europe, the Grantee shall indicate this clearly on that equipment and those major items (including display of the European Union and Council of Europe’s logos), provided that such actions do not jeopardise the safety and security of the Grantee’s staff. 3. The acknowledgement and Joint Projects’ visual identity shall be clearly visible in a manner that will not create any confusion regarding the identification of the Acton as a project of the Grantee and the ownership of the equipment and items by the Grantee. 4. All publications by the Grantee pertaining to the Action that have received funding from a Joint Project between the European Union and the Council of Europe, in whatever form and whatever medium, including the Internet, shall carry the following or a similar disclaimer: “This document has been produced using funds of a Joint Project between the European Union and the Council of Europe. The views expressed herein can in no way be taken to reflect the official opinion of the European Union or the Council of Europe”. 5. If the equipment purchased with a grant from a Joint Project is not transferred to the local partners of the Grantee or to the final recipient of the Action at the end of the implementation period of this Agreement, the visibility requirements as regards this equipment shall continue to apply between the end of the implementation period of this Agreement and the end of the Joint Project, if the latter lasts longer. 6. All layouts of any communication items prepared by the Grantee are subject to approval with the Contact point within the Council of Europe. 7. The Grantee accepts that the European Union and the Council of Europe may publish in any form and medium, including on their websites, the name and address of the Grantee, the purpose and amount of the grant and, if relevant, the percentage of co-financing.

  • Interoperability To the extent required by applicable law, Cisco shall provide You with the interface information needed to achieve interoperability between the Software and another independently created program. Cisco will provide this interface information at Your written request after you pay Cisco’s licensing fees (if any). You will keep this information in strict confidence and strictly follow any applicable terms and conditions upon which Cisco makes such information available.

  • Profitability The Board reviewed detailed information regarding revenues received by XXXX under the Agreement. The Board considered the estimated costs to XXXX, and pre-tax profits realized by XXXX, from advising the DWS Funds, as well as estimates of the pre-tax profits attributable to managing the Fund in particular. The Board also received information regarding the estimated enterprise-wide profitability of DIMA and its affiliates with respect to all fund services in totality and by fund. The Board and the Fee Consultant reviewed XXXX’s methodology in allocating its costs to the management of the Fund. Based on the information provided, the Board concluded that the pre-tax profits realized by XXXX in connection with the management of the Fund were not unreasonable. The Board also reviewed certain publicly available information regarding the profitability of certain similar investment management firms. The Board noted that, while information regarding the profitability of such firms is limited (and in some cases is not necessarily prepared on a comparable basis), DIMA and its affiliates’ overall profitability with respect to the DWS Funds (after taking into account distribution and other services provided to the funds by XXXX and its affiliates) was lower than the overall profitability levels of most comparable firms for which such data was available. Economies of Scale. The Board considered whether there are economies of scale with respect to the management of the Fund and whether the Fund benefits from any economies of scale. The Board noted that the Fund’s investment management fee schedule includes fee breakpoints. The Board concluded that the Fund’s fee schedule represents an appropriate sharing between the Fund and DIMA of such economies of scale as may exist in the management of the Fund at current asset levels.

  • Compatibility 1. Any unresolved issue arising from a mutual agreement procedure case otherwise within the scope of the arbitration process provided for in this Article and Articles 25A to 25G shall not be submitted to arbitration if the issue falls within the scope of a case with respect to which an arbitration panel or similar body has previously been set up in accordance with a bilateral or multilateral convention that provides for mandatory binding arbitration of unresolved issues arising from a mutual agreement procedure case. 2. Nothing in this Article and Articles 25A to 25G shall affect the fulfilment of wider obligations with respect to the arbitration of unresolved issues arising in the context of a mutual agreement procedure resulting from other conventions to which the Contracting States are or will become parties.”.

  • Conditionality 2.1 Subject to Clause 2.2 below this Agreement shall have immediate effect 2.2 The covenants by the Owners in Clause 4 are conditional upon the grant by the Council of the Planning Permission on the Effective Date and Implementation of the Development

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!