NFF Sample Clauses

NFF. CPFH Rate includes “No Fault Founds” (NFF) removals up to ***** for the first two (2) years of the Term and up to ***** for the remainder of the Term. For the purpose of clarity, the NFF thresholds (***** or ***** as applicable) are measured over a twelve (12) months period starting in ***** and each year of the Term thereafter. If the NFF exceeds ***** or *****, as applicable, VOLARIS will bear the transportation costs and bench check costs for the repairs, capped at ***** per NFF event over NFF thresholds set forth in this paragraph. If the NFF is between ***** and *****, a joint committee will be set up between VOLARIS and AVEOS to work together to reduce the NFF rate. If the VOLARIS NFF rate is lower than ***** of the historical NFF rate, measured over last twelve (12) month period as of September 2008 and each year of the Term thereafter, VOLARIS will receive a credit of ***** per NFF event improvement. For example, if the historical rate is nine percent (9%) and VOLARIS’s observed NFF is ***** (which is below ***** improvement requirement of *****, VOLARIS will receive a credit of ***** times the number of NFF events, resulting from the improvement of *****. VOLARIS will provide Post Flight Reports (PFR) and Built In Test Equipment (BITE) test reports, whenever available through aircraft systems.
Sample 1Sample 2
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NFF. NFF found will be reported in a special failure code agreed with Veraz. Card suspected as NFF will pass screening [BI/HAS] to avoid skipping hidden problems.
Sample 1
NFF. If a Field Return is NFF, Supplier shall return the Field Return to HP at HP's risk and expense. If the NFF rate exceeds […***…] of HP's returns during any six-month period ("NFF Trigger"), the Parties shall, acting in good faith , meet, discuss and implement a mutually agreed upon corrective action plan to modify processes and procedures in an effort to decrease the NFF rate ("NFF Plan"). Such NFF Plan shall be implemented within […***…] of the NFF Trigger, and each party shall be liable for and absorb the costs of its own activities, employees and agents with respect to such NFF Plan. If during the […***…] after the NFF Plan is implemented the NFF rate does not decrease below […***…]%, the Parties shall escalate the issue to personnel at the Director or VP level, and such personnel shall create a different or additional NFF Plan. This process shall be followed repeatedly until the NFF rate falls below […***…]%. Further, if an NFF Trigger occurs again, the Parties will follow the process set forth in this subsection until the NFF rate falls below […***…]%, again.
Sample 1

Related to NFF

  • Backlog Backlog represents the total estimated contract value of work that remains to be completed pursuant to outstanding contracts as at a certain date, net of estimated value added tax, and is based on the Group’s assumption that the relevant contracts will be performed in accordance with their terms. Backlog is not a measure defined by generally accepted accounting principles. Any modification, termination or suspension of these contracts by the Group’s clients may have a substantial and immediate effect on the Group’s backlog. Projects may also remain in the Group’s backlog for an extended period of time beyond what was initially anticipated due to various factors beyond the Group’s control. The table below sets out the details of the total value of new contracts entered into by the Group and its backlog categorised by (1) business segments; (2) the industries in which the Group’s clients operate; (3) regions; and (4) clients of each of (i) China Petrochemical Corporation (“Sinopec Group”) and its associates and (ii) the non- Sinopec Group and its associates during the period or as at the date indicated: Total of New Contract Value Backlog For the twelve months ended 31 December 2019 As at 31 December 2019 Business segments Engineering, Consulting and (RMB thousand) Percentage(%) (RMB thousand) Percentage(%) Licensing 2,713,103 5.2 8,192,663 8.6 EPC Contracting 31,208,711 59.7 72,662,664 76.5 Construction 17,317,903 33.1 12,829,461 13.5 Equipment Manufacturing 1,079,430 2.0 1,308,772 1.4 Total 52,319,147 100.0 94,993,560 100.0 Industries in which the Group’s clients operate Oil Refining 14,058,072 26.9 28,201,648 29.7 Petrochemicals 24,035,891 45.9 28,285,500 29.8 New Coal Chemicals 7,012,922 13.4 13,394,670 14.1 Other Industries 7,212,262 13.8 25,111,742 26.4 Total 52,319,147 100.0 94,993,560 100.0 Regions PRC 45,585,147 87.1 74,754,485 78.7 Overseas 6,734,000 12.9 20,239,075 21.3 Total 52,319,147 100.0 94,993,560 100.0 Clients of each of (i) Sinopec Group and its associates and (ii) the non-Sinopec Group and its associates Sinopec Group and its associates 29,195,571 55.8 49,789,049 52.4 Non-Sinopec Group and its associates 23,123,576 44.2 45,204,511 47.6 Total 52,319,147 100.0 94,993,560 100.0 The Board wishes to emphasise that the above information in relation to the representative new contracts, the total value of new contracts and backlog shall not constitute any forecast or prediction of the profits of the Group. This announcement is made by the order of the Board. The Board collectively and individually accepts responsibility for the accuracy of this announcement. Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company. By order of the Board SINOPEC ENGINEERING (GROUP) CO., LTD. Xxx Xxxxx Chief Financial Officer, Company Secretary Beijing, the PRC 28 February 2020 As at the date of this announcement, the executive Directors are XX Xxxxxxx, XXXXX Xxxxx, XXX Xxxx (employee representative Director) and XXXX Xxxxxxxx (employee representative Director); the non- executive Director is XX Xxxxxx; and the independent non-executive Directors are XXX Xxxx Xxxxx, Xxxxxxx, XXX Xxxx and XX Xxxxx.

  • Cost Sharing a) With respect to the funding in C6.1a), should there be an amount of employee co-pay, the Trust shall advise boards what that amount shall be. Unless advised otherwise, there will be no deductions upon the Participation Date.

  • Adjustments Resulting in Underpayments In the case of any adjustment pursuant to a Final Determination with respect to any such Tax Return, the Responsible Company shall pay to the applicable Tax Authority when due any additional Tax due with respect to such Return required to be paid as a result of such adjustment pursuant to a Final Determination. The Responsible Company shall compute the amount attributable to the Corner Store Group in accordance with Section 2 and Corner Store shall pay to Valero any amount due Valero (or Valero shall pay Corner Store any amount due Corner Store) under Section 2 within 30 days from the later of (i) the date the additional Tax was paid by the Responsible Company or (ii) the date of receipt of a written notice and demand from the Responsible Company for payment of the amount due, accompanied by evidence of payment and a statement detailing the Taxes paid and describing in reasonable detail the particulars relating thereto. Any payments required under this Section 5.02(c) shall include interest computed at the Prime Rate based on the number of days from the date the additional Tax was paid by the Responsible Company to the date of the payment under this Section 5.02(c).

  • Contract Schedule The information set forth in the Contract Schedule is true and correct.

  • Customers; Suppliers Executive does not have, and at any time during the term of this Agreement shall not have, any employment with or any direct or indirect interest in (as owner, partner, shareholder, employee, director, officer, agent, consultant or otherwise) any customer of or supplier to Company.

  • True-Up Masterworks Gallery will be entitled to receive a true-up equal to 11% of the purchase price of the Artwork. The true-up will be deemed to be earned upon the acquisition of the Artwork by the segregated portfolio of Masterworks Cayman SPC that is wholly owned by the Company, but payment will be paid in installments upon each closing of the Offering in cash and or a combination of cash and Class A shares of the Company (valued at $20 per share for such purposes). Unless the Parties otherwise agree to a different allocation, each payment that occurs in connection with a closing of the Offering shall be prorated between the true-up and the advance based on the relative size of each obligation. Under no circumstances will any portion of the true-up remain as an outstanding obligation of the Company following the final closing of the Offering and the application of the use of proceeds therefrom.

  • Underpayments/Overpayments If a report of an independent public accounting firm submitted to the Parties in accordance with Section 4.4.6 shows any underpayment of royalties and other payments due under this Article IV, Nestlé will remit to the Company within forty five (45) days after receipt of such report by Nestlé, (a) the amount of such underpayment plus interest, calculated from the date such underpayment should have been originally made to the Company and (b) if such underpayment exceeds [**] of the total amount owed to the Company for the Calendar Year then being audited, the reasonable fees and expenses of such independent public accounting firm performing the audit, subject to reasonable substantiation thereof. If such independent public accounting firm’s written report shows any overpayment of royalties or other payments due under this Article IV, Nestlé will receive a credit equal to such overpayment plus interest, calculated from the date such overpayment was originally made to the Company hereunder against the royalties and other payments due under this Article IV otherwise payable to the Company.

  • Work Schedule A 4/10 work schedule is four (4) ten hour days in a seven (7) day period, for a total of forty (40) hours per week.

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