On-Time Factor Sample Clauses

On-Time Factor. If Mesaba's on-time factor (calculated in accordance with Section 2.06) 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 on-time 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.
Sample 1
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On-Time Factor. If Mesaba’s On-Time Factor (calculated in accordance with Section 2.10(b)) is less than ***% for a Performance Period, Northwest shall receive from Mesaba $*** per enplaned revenue passenger during the applicable Performance Period. If Mesaba’s On-Time Factor is equal to or greater than ***% for a Performance Period, Northwest shall pay to Mesaba $*** per enplaned revenue passenger during the applicable Performance Period, and if Mesaba’s On-Time Factor is greater than ***% for such Performance Period, Northwest shall also pay to Mesaba an additional $*** per enplaned revenue passenger during such Performance Period. The parties acknowledge and agree that the foregoing performance levels are based on Northwest’s internal on-time goal of ***%. In the event Northwest’s on-time goal changes from ***%, the on-time performance levels that determine minimum reliability (in Section 2.10(b)), and penalty and bonus levels (in this Section 5.05(b)) will be modified to correspond to the change made by Northwest. Northwest and Mesaba will meet and confer on all components of on-time metrics on an as-needed basis.”
Sample 1
On-Time Factor. If Mesaba’s On-Time Factor (calculated in accordance with Section 2.06) is less than ***% for a Performance Period, Northwest shall receive from Mesaba $*** per enplaned revenue passenger during the applicable Performance Period. If Mesaba’s On-Time Factor is equal to or greater than ***% for a Performance Period, Northwest shall pay to Mesaba $*** per enplaned revenue passenger during the applicable Performance Period. The parties acknowledge and agree that the foregoing performance levels are based on Northwest’s internal on-time goal of ***%. In the event Northwest’s on-time goal changes from ***%, the on-time performance levels that determine minimum reliability (in Section 2.06), and penalty and bonus levels (in this Section 4.03(b)) will be modified to correspond to the change made by Northwest. Northwest and Mesaba will meet and confer on all components of on-time metrics on an as-needed basis.”
Sample 1

Related to On-Time Factor

  • Non pre-priced Adjustment Factor To be applied to Work determined not to be included in the CTC but within the general scope of the work: 1.1900.

  • Interest Factor With respect to this Floating Rate Note, accrued interest is calculated by multiplying the principal amount of such Note by an accrued interest factor. The accrued interest factor is computed by adding the interest factor calculated for each day in the particular Interest Reset Period. The interest factor for each day will be computed by dividing the interest rate applicable to such day by 360, in the case of a Floating Rate Note as to which the CD Rate, the Commercial Paper Rate, the Federal Funds Open Rate, the Federal Funds Rate, LIBOR or the Prime Rate is an applicable Interest Rate Basis, or by the actual number of days in the year, in the case of a Floating Rate Note as to which the CMT Rate or the Treasury Rate is an applicable Interest Rate Basis. In the case of a series of Notes that bear interest at floating rates as to which the Constant Maturity Swap Rate is the Interest Rate Basis, the interest factor for each day will be computed by dividing the number of days in the interest period by 360 (the number of days to be calculated on the base is of a year of 360 days with twelve 30-day months (unless (i) the last day of the interest period is the 31st day of a month but the first day of the interest period is a day other than the 30th or 31st day of a month, in which case the month that includes that last day shall not be considered to be shortened to a 30-day month, or (ii) the last day of the interest period is the last day of the month of February, in which case the month of February shall not be considered to be lengthened to a 30-day month)). The interest factor for a Floating Rate Note as to which the interest rate is calculated with reference to two or more Interest Rate Bases will be calculated in each period in the same manner as if only the applicable Interest Rate Basis specified above applied.

  • Adjustment Factor The Bidder’s competitively bid price adjustment to the unit prices published in the Construction Task Catalog®.

  • Adjustment Date 6 Advance.......................................................................6 Affiliate.....................................................................6 Agreement.....................................................................6

  • ADJUSTMENT FACTORS The Contractor will perform any or all Tasks in the Construction Task Catalog for the Unit Price appearing therein multiplied by the following Adjustment Factors. See the General Terms and Conditions for additional information.

  • NET INVESTMENT FACTOR The Net Investment Factor for any Subaccount as of the end of any Valuation Period is determined by dividing (1) by (2) and subtracting (3) from the result, where:

  • Holiday Falling on a Scheduled Workday An Employee who works on a designated holiday which is a scheduled workday shall be compensated at the rate of double time for hours worked, plus a day off in lieu of the holiday; except for Christmas and New Year's when the compensation shall be at the rate of double time and one-half (2½) for hours worked, plus a day off subject to this Agreement.

  • Subsequent Recalculation In the event the Internal Revenue Service adjusts the computation of the Company under Section 5.2 herein so that the Executive did not receive the greatest net benefit, the Company shall reimburse the Executive for the full amount necessary to make the Executive whole, plus a market rate of interest, as determined by the Committee, within 30 days after such adjustment.

  • Calculation Dates The interest rate applicable to each Interest Reset Period will be determined by the Calculation Agent on or prior to the Calculation Date (as defined below), except with respect to LIBOR, which will be determined on the particular Interest Determination Date. Upon request of the Holder of a Floating Rate Note, the Calculation Agent will disclose the interest rate then in effect and, if determined, the interest rate that will become effective as a result of a determination made for the next succeeding Interest Reset Date with respect to such Floating Rate Note. The “Calculation Date”, if applicable, pertaining to any Interest Determination Date will be the earlier of: (1) the tenth calendar day after the particular Interest Determination Date or, if such day is not a Business Day, the next succeeding Business Day; or (2) the Business Day immediately preceding the applicable Interest Payment Date or the Maturity Date, as the case may be.

  • Boxing Day If another Federal, Provincial or Municipal holiday should be proclaimed during the term of this Agreement, such additional proclaimed holiday will replace one of the above-named holidays as agreed by the parties. The intent is that there will be no more than twelve (12) paid holidays per calendar year for the duration of this agreement.

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