Machine Month definition

Machine Month or "MM" (Section 9.3a) shall mean a measurement, established at the end of such calendar month, of the number of units of Product installed and operational during a month at an end user's location, prorated on a daily basis (e.g., the sum of the total number of machine days [i.e., number of machines installed and operational at an end user's location on a particular day] in a calendar month, divided by the number of days in that month).
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Examples of Machine Month in a sentence

  • StorageTek shall provide a credit to IBM on a [**] basis up through [**] after the date of last Delivery of Product, upon StorageTek's receipt of appropriate supporting documentation, for average labor costs per Machine Month incurred by IBM in connection with repair actions that are in excess of [**] of that [**] target ("Excess Labor Cost").

  • StorageTek shall provide a credit to IBM on a ** basis up through ** after the date of last Delivery of Product, upon StorageTek's receipt of appropriate supporting documentation, for average labor costs per Machine Month incurred by IBM in connection with repair actions that are in excess of ** of that ** target ("Excess Labor Cost").

  • The target for labor required for repair actions (including [**] and those repair actions related to [**], but excluding labor required for [**] is [**] for each [**] during a Machine Month.

  • The target for labor required for repair actions (including ** and those repair actions related to ** , but excluding labor required for ** is ** for each ** during a Machine Month.