Reversal of Billing Harvest Sample Clauses

Reversal of Billing Harvest. The Billing Harvest is defined as the set of all overdue bills, as specified in Items 2.1.1 and 3.0, forwarded by the CONTRACTING PARTY and inloaded by the CONTRACTED PARTY, whose due dates refer to a specific billing month of the CONTRACTING PARTY. - The CONTRACTING PARTY will remunerate the CONTRACTED PARTY at 0.94% (zero point nine four per cent) of the amounts recovered on the bills forwarded by the CONTRACTING PARTY for collection by the CONTRACTED PARTY. - The annual target set for the CONTRACTED PARTY is 88.0% (eighty eight per cent) of the reversal of the bills paid up to 90 (ninety) consecutive days in arrears on the amount to be collected through the Billing Harvest (called the "roll-over fee"). This percentage is broken out each month as agreed between the Parties. Depending on the collections performance in terms of this target for the "roll-over fee" (88.0%), the remuneration of the CONTRACTED PARTY will increase or decrease as described below: The CONTRACTING PARTY will pay additional remuneration consisting of 0.25% (zero point two five per cent) for each 0.88% (zero point eight eight per cent) over the percentage target of the "roll-over fee" agreed to between the Parties (88.0%). The same will occur for the remuneration reduction indicator, using a percentage of 0.08% (zero point zero eight per cent) for each 0.88% (zero point eight eight per cent) that the CONTRACTED PARTY performs below target (88.0%). - There is also a step-up or step-down for the basic monthly amount of the Billing Harvest of R$ 420 million (four hundred and twenty million Reais) in collections. For a variation of more than 1% (one per cent) of this volume, 0.025% (zero point zero two five per cent) will be added to the basic remuneration rate. For a variation in volumes of less than 1% (one per cent), the basic remuneration rate will be reduced by 0.025% (zero point zero two five per cent). The threshold for the Billing Harvest value is R$ 400 million (four hundred million Reais), with no remuneration reduction index above this volume.
Sample 1
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