Repetition factor Clause Samples

Repetition factor. ‌ A repetition factor is also added to the basic amounts of reduction, which means that the basic amounts reduction are increasing if the same error occurs several times within the same quarter. 1-3 x 100% 4-5 x 150% > 5 x 200% For example, service interruptions on the pipelines of the wastewater treatment plant (fault no. 6 with a basic reduction of DKK 2,000 per hour and a time limit for remedy of 2 hours) will result in the following reductions: • E.g. fault no. 6 occurs 3 times and are remedied in 3 hours all 3 times (overrun of 3x1 hour): Fault 1: 100% x DKK 2,000 per hour x 1 hour = DKK 2,000 Fault 2: 100% x DKK 2,000 per hour x 1 hour = DKK 2,000 Fault 3: 100% x DKK 2,000 per hour x 1 hour = DKK 2,000 • E.g. fault no. 6 occurs 6 times and are remedied in 3 hours all 3 times (overrun of 6x1 hour): Fault 1: 100% x DKK 2,000 per hour x 1 hour = DKK 2,000 Fault 2: 100% x DKK 2,000 per hour x 1 hour = DKK 2,000 Fault 3: 100% x DKK 2,000 per hour x 1 hour = DKK 2,000 Fault 4: 150% x DKK 2,000 per hour x 1 hour = DKK 3,000 Fault 5: 150% x DKK 2,000 per hour x 1 hour = DKK 3,000 Fault 6: 200% x DKK 2,000 per hour x 1 hour = DKK 4,000 It should be noted that both the remedy factor and the repetition factor can be active at the same time. Please see supplement 3.02 of the Payment Mechanism for specific examples of the counting of faults and calculation of the amount of the reduction. Likewise, supplement 3.02 contains a specific example where both the remedy factor and the repetition factor have an effect.
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Related to Repetition factor

  • Power Factor The Power Producer shall maintain the Power Factor as per the prevailing GERC regulations and as may be stipulated / specified by GETCO from time to time. The Power Producer shall provide suitable protection devices, so that the Electric Generators could be isolated automatically when grid supply fails. Connectivity criteria like short circuit level (for switchgear), neutral Grounding, fault clearance time, current unbalance (including negative and zero sequence currents), limit of harmonics etc. shall be as per Grid Code.

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

  • 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.

  • Equitable Adjustment The Department may, in its sole discretion, make an equitable adjustment in the Term Contract terms or pricing if pricing or availability of supply is affected by extreme and unforeseen volatility in the marketplace, that is, by circumstances that satisfy all the following criteria: (1) the volatility is due to causes wholly beyond the Contractor’s control, (2) the volatility affects the marketplace or industry, not just the particular Term Contract source of supply, (3) the effect on pricing or availability of supply is substantial, and (4) the volatility so affects the Contractor that continued performance of the Term Contract would result in a substantial loss.

  • 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: 1.1500.