Base Time definition

Base Time means the number of calendar days proposed by Contractor on the Contractor’s Proposal Form to achieve substantial completion of the Project.
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Base Time means the total number of minutes in a calendar month beginning on the first day of such month and ending on the last day of such month.
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Base Time equals the product of the number of business days in the applicable month multiplied by eight (8) business hours multiplied by sixty (60) minutes, less downtime resulting from a Force Majeure Event.
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Examples of Base Time in a sentence

  • Availability is calculated as follows (and will be rounded to up to the next one hundredth of a percentage point): [ (Base Time – Unscheduled Downtime) / (Base Time) ] x 100 “Base Time” means the product of the number of days in the applicable month times 24 hours times 60 minutes, subtracting Maintenance Downtime.


More Definitions of Base Time

Base Time equals the product of the number of days in the applicable quarter multiplied by twenty-four (24) hours multiplied by sixty (60) minutes, less downtime resulting from a Force Majeure Event. 2. “Unscheduled Downtime” equals the time (in minutes) during which the portal and app is not operational (excluding “Scheduled Downtime”). 3. “Force Majeure Event” means any delay or failure in performance hereunder caused by reason of any occurrence or contingency beyond its reasonable control, including but not limited to acts of God, earthquake, labor disputes and strikes, riots, pandemic, health emergency, and war. 4. “Scheduled Downtime” equals the aggregate total of all minutes of planned and scheduled maintenance performed during the quarter to perform any necessary hardware, OS, network, database, application software maintenance, repair, upgrades, and updates. Claims Administrator must provide five (5) days prior notice for any maintenance to be included as Scheduled Downtime. Claims Administrator will work with Plan Sponsor to determine and use commercially reasonable efforts to schedule downtime after regular business hours, during times that minimize the disruption to operations. Loading of eligibility and claims data files 99.9% of Industry Standard File layouts with valid/clean data within 2 business days of receipt 2.0% a. Industry Standard File means: X12 837 and 835 file Formats, an Electronic submission of healthcare claim and payment information. Member Satisfaction Customer Service survey results 95% of members who respond to a survey express satisfaction or provide positive feedback with respect to the Customer Service Representative’s service 2.0% Notes: ● Service Level Agreement Activation o Minimum group size: This Service Level Agreement applies to a 150 Employee Life groups or more. ● Metric and Measures o Performance will be measured using Plan Sponsor’s specific claims, calls and survey data. o Claims turnaround time guarantee is not impacted by the timing of client funding or stop loss funding (including advanced funding). o Member satisfaction must include a minimum of 10 completed unique surveys per quarter. ● Payments and Credits
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Base Time means the total number of minutes in the Reporting Period, which is calculated by counting the number of days in the Reporting Period and multiplying that number by twenty-four hours, then multiplying the output of the original calculation by sixty minutes.
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Base Time means the total number of minutes in the applicable calendar month.
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Base Time equals the product of the number of days in the applicable calendar month multiplied by 24 hours multiplied by 60 minutes.
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Related to Base Time

  • Free Time means the period specified in the terminal schedule during which cargo may occupy space assigned to it on terminal property, including off-dock facilities, free of wharf demurrage or terminal storage charges immediately prior to the loading or subsequent to the discharge of such cargo on or off the vessel.

  • Acceptance Time has the meaning set forth in Section 2.1(a).

  • Reference Time with respect to any setting of the then-current Benchmark means (1) if such Benchmark is USD LIBOR, 11:00 a.m. (London time) on the day that is two London banking days preceding the date of such setting, and (2) if such Benchmark is not USD LIBOR, the time determined by the Administrative Agent in its reasonable discretion.

  • Release Time The Grievant, the Grievants Representative (if an employee of the Employer) and any witnesses shall be provided release time including reasonable travel time, if required, to be present at any formal hearing conducted pursuant to the Grievance process.

  • Response Time (t90) means the difference in time between the change of the component to be measured at the reference point and a system response of 90 per cent of the final reading (t90) with the sampling probe being defined as the reference point, whereby the change of the measured component is at least 60 per cent full scale (FS) and takes place in less than 0.1 second. The system response time consists of the delay time to the system and of the rise time of the system

  • Double time means twice the straight-time rate.

  • Disclosure Time means, (i) if this Agreement is signed on a day that is not a Trading Day or after 9:00 a.m. (New York City time) and before midnight (New York City time) on any Trading Day, 9:01 a.m. (New York City time) on the Trading Day immediately following the date hereof, unless otherwise instructed as to an earlier time by the Placement Agent, and (ii) if this Agreement is signed between midnight (New York City time) and 9:00 a.m. (New York City time) on any Trading Day, no later than 9:01 a.m. (New York City time) on the date hereof, unless otherwise instructed as to an earlier time by the Placement Agent.

  • Inception Date means in respect of a Fund, the first date on which the Fund issued shares.

  • Applicable Time means, with respect to any borrowings and payments in any Alternative Currency, the local time in the place of settlement for such Alternative Currency as may be determined by the Administrative Agent or the L/C Issuer, as the case may be, to be necessary for timely settlement on the relevant date in accordance with normal banking procedures in the place of payment.

  • Down time means the time period when specified services with specified technical and service standards are not available to user(s).

  • PM means particulate matter.

  • Reasonable time means: 25.1 between 8.00 a.m. and 6.00 p.m. on a weekday; or 25.2 between 9.00 a.m. and 5.00 p.m. on a Saturday; or 25.3 at any other time agreed between the lessor and each tenant.Requirement to negotiate a day and time for a proposed entry by the lessor

  • Go-Live Date means the date on which the City, acting reasonably, confirms in writing that the Services satisfy the functional, technical and security requirements as set out in this Agreement;

  • Execution Time means the date and time that this Agreement is executed and delivered by the parties hereto.

  • Execution Date means the date on which the parties execute and enter into this Agreement.

  • Start Date for Term Calculation Purposes Only: Regardless of actual award/effective date of Contract, for Agreement “term” calculation purposes only, the Agreement “start date” is the last day of the month that Award Notifications are anticipated as published in the Solicitation. Example: If the anticipated award date published in the Solicitation is August 27, 2020 but extended negotiations delay award until September 24, 2020 the end date of the resulting initial “two-year” term Agreement, (which is subject to an extension(s)) will still be August 31, 2022 in this example

  • Base Date means a date 30 day prior to the submission of tenders.

  • Formation Date has the meaning set forth in the Recitals hereof.