Common use of Service Availability Credit Clause in Contracts

Service Availability Credit. Subject to and without limiting the terms and provisions of the SLA, in the event of a Service Availability Outage as therein described, Customer’s sole and exclusive remedy shall be limited to Service Availability Credit or, if applicable, Service Availability Outage Termination. Service Availability Credit will not be issued for Service Availability Outages that directly result in a Service Availability Outage Termination. In the absence of Service Availability Outage Termination: (a) Service Availability Credit shall offset against accumulated unpaid charges billed to Customer at the time the Service Availability Credit is granted, if any; any net remaining Service Availability Credit will be offset against unpaid charges within the next two (2) complete billing cycles after the Service Availability Credit is granted, if any; and, (b) unused Service Availability Credits shall expire two (2) years following the date of issuance. Other terms applicable to Service Availability Credit/Outage Termination are set forth in the applicable Service Level Agreement and are herein incorporated.

Appears in 6 contracts

Samples: Master Subscription Agreement, Master Subscription Agreement, Master Subscription Agreement

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