KPI Default definition

KPI Default means, in relation to any part of your performance under this Contract measured by a KPI, any failure by you to achieve the level of performance for the KPI specified in the table below measured over any KPI Period.
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KPI Default means a failure to comply with a KPI in any KPI Calculation Period.
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KPI Default. “KPI Default” means (i) Provider has a KPI Failure for the same KPI for three (3) consecutive Measurement Periods or (ii) Provider has an aggregate of eight (8) individual KPI Failures within any span of four (4) consecutive Measurement Periods (i.e., counting each KPI Failure for a single KPI for any one Measurement Period and each repeated KPI Failure for the same KPI in different Measurement Periods).
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Examples of KPI Default in a sentence

  • If, after 10 Business Days you have not proposed an action plan, which in our reasonable opinion, is likely to remedy the KPI Default and/or ensure that such KPI Default is not repeated, or if such plan is otherwise unacceptable to us, then we shall be entitled to apply a Sanction and the provisions of Clause 24 of the Standard Terms shall apply.

  • The proceeds of this private placement were used for Phase 2 of the buildout of the Tier 2 data centre, including the purchase and installation of 30 high density racks, fire suppression system, a security system, and a redundant cooling condenser.

  • Without prejudice to any of our other rights under this Contract in the event that you commit a KPI Default: • in any KPI Period then you shall notify us of each such KPI Default; • in respect of the same KPI in any 3 out of 9 consecutive KPI Periods, then this shall be a material breach of this Contract.

  • In the event of a KPI Default against any KPI, we may require you to produce, within 10 Business Days of our written request, a detailed action plan which sets out the clear steps you will take, (including the time period in which you will take those steps) to remedy the KPI Default and/or to ensure that such KPI Default is not repeated.

  • Where a KPI Default occurs in relation to KPI 7a, 7b or 7c (and representations have been considered) we may require you to conduct a file review process as part of any action plan.

  • We may, at our sole discretion, waive the KPI Default for that KPI Period.

  • The Operator must pay KPI Credits to TfNSW for a KPI Default of a KPI specified in the KPI Credit Table other than where non-compliance with a KPI is as a result of an Excused Performance Incident for which the Operator has been granted KPI Relief in accordance with Schedule 3 (Payment Schedule).

  • In respect of KPI 7a, 7b and 7c, where there is a KPI Default we may consider representations from you, where you believe that the KPI could not reasonably be achieved in the relevant KPI Period given the composition of Cases allocated to you.

  • Subject to paragraph 5.1 of this Schedule 4, in the event of a KPI Default of a KPI specified in the KPI Credit Table, the Operator must pay to TfNSW a KPI Credit as calculated below.

  • Subject to paragraph 5.4(b), if more than one KPI Default has occurred in a single month, the Operator must credit the sum of the corresponding KPI Credits to TfNSW in accordance with Schedule 3 (Payment Schedule).


More Definitions of KPI Default

KPI Default means the failure to achieve a KPI Target specified in Schedule 4 (Key Performance Indicators).
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KPI Default means failure to comply with a KPI.
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KPI Default means, in respect of a KPI, a failure by the Operator to achieve the KPI over the applicable period of calculation.
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KPI Default shall have the meaning given in Section 6.1 of Exhibit B.
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KPI Default shall have the meaning given in Exhibit B to the applicable Country Agreement.
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Related to KPI Default

  • Additional Default means any provision contained in any document or instrument creating or evidencing Indebtedness of the Borrower or any of its Subsidiaries which permits the holder or holders of such Indebtedness to accelerate (with the passage of time or giving of notice or both) the maturity thereof or otherwise requires the Borrower or any of its Subsidiaries to purchase such Indebtedness prior to the stated maturity thereof and which either (i) is similar to any Default or Event of Default contained in Article VIII of this Agreement, or related definitions in Section 1.1 of this Agreement, but contains one or more percentages, amounts or formulas that is more restrictive or has a xxxxxxx xxxxx period than those set forth herein or is more beneficial to the holder or holders of such other Indebtedness (and such provision shall be deemed an Additional Default only to the extent that it is more restrictive or more beneficial) or (ii) is different from the subject matter of any Default or Event of Default contained in Article VIII of this Agreement, or related definitions in Section 1.1 of this Agreement.

  • Default means any event or condition that constitutes an Event of Default or that, with the giving of any notice, the passage of time, or both, would be an Event of Default.

  • Note Event of Default means any “Event of Default” specified in Section 5.1 of the Indenture.

  • Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.