Milestone Credit definition

Milestone Credit means the credit payable to Supplier for its achievement of the applicable Critical Milestone, as set forth in Exhibit 1.
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Milestone Credit means the credit NAIC is entitled to receive as a result of Cognizant Group’s failure to meet a Critical Milestone in accordance with the applicable SOW.
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Milestone Credit means the credit to be paid by Contractor for missing a Transition Milestone, Transformation Milestone or Critical Milestone as set out in Schedule D (Transition and Transformation Methodology).
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Examples of Milestone Credit in a sentence

  • To the extent a Deliverable or Milestone Credit or other credit may be due to DIR pursuant to this Agreement, Service Provider shall provide DIR with an appropriate credit against amounts then due and owing.

  • To the extent a Deliverable, Service Level Credit, or Milestone Credit or other credit may be due to DIR pursuant to this Agreement, Service Provider shall provide DIR with an appropriate credit against amounts then due and owing.


More Definitions of Milestone Credit

Milestone Credit means a monetary credit that Supplier shall pay to Voya Group in the event that Supplier fails to obtain Voya’s Acceptance of a Milestone by the applicable Milestone Completion Date. The Milestone Credit associated with a given Milestone shall be set forth in the applicable Statement of Work or Project Plan.
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Milestone Credit has the meaning set forth in Section 2.5.
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Milestone Credit means the credit Prudential is entitled to receive as a result of Service Provider's failure to meet a Critical Milestone.
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Related to Milestone Credit

  • Milestone 2 means achievement of annual Net Sales of at least $35,000,000 during any Calendar Year ending on or before December 31, 2024.

  • Milestone 1 means achievement of annual Net Sales of at least $20,000,000 during the Calendar Year ending on December 31, 2021.

  • Development Milestone Payment shall have the meaning set forth in Section 9.2(a).

  • Development Milestone Event shall have the meaning set forth in Section 9.2(a).

  • Milestone Event has the meaning set forth in Section 8.4.

  • Milestone Date means the date set against the relevant Milestone in the Implementation Plan;

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

  • Milestone means an event or task described in the Implementation Plan which must be completed by the corresponding date set out in such plan;

  • Sales Milestone Payment shall have the meaning set forth in Section 8.4.

  • Project Milestone means the project milestone set forth in Schedule-J;

  • Milestone Payment means a payment identified in the Implementation Plan to be made following the issue of a Satisfaction Certificate in respect of Achievement of the relevant Milestone;

  • Milestone Events has the meaning set forth in Section 3.3 (Milestone Payments).

  • Milestone Dates means the dates for completion of specified Project activities as contained in the Project Schedule.

  • Project Milestones means the project milestones set forth in Schedule-G;

  • Milestone Payment Date has the meaning set forth in Section 2.4(a).

  • Service credit year means an accumulation of months of

  • Milestone Schedule means Seller’s milestone schedule, the form of which is attached to this Agreement as Exhibit Q.

  • Milestone Payments has the meaning set forth in Section 4.2.

  • Achievement Percentage means the percentage of achievement determined by the Committee after the end of the Performance Cycle in accordance with Section 4 that reflects the extent to which the Company achieved the Performance Goals during the Performance Cycle.

  • Milestones means control points in the project that help to chart progress. Milestones may correspond to the completion of a key deliverable, allowing the next phase of the work to begin. They may also be needed at intermediary points so that, if problems have arisen, corrective measures can be taken. A milestone may be a critical decision point in the project where, for example, the consortium must decide which of several technologies to adopt for further development.

  • KPI Target means the acceptable performance level for a KPI as set out in each KPI;

  • Service credit month means a full service credit month or an

  • First Target Distribution means $0.4025 per Unit per Quarter (or, with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.4025 multiplied by a fraction of which the numerator is the number of days in such period, and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • Third Target Distribution means $0.5250 per Unit per Quarter (or, with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.5250 multiplied by a fraction of which the numerator is equal to the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • First draw sample means a one−liter sample of tap water that has been standing in plumbing pipes at least 6 hours and is collected without flushing the tap.