Percentage Deduction definition

Percentage Deduction. = the sum of all percentage points accumulated for failing to meet one or more Service Levels for a Service Period. If no further Charges fall due after Service Credits accrue, the Supplier shall issue a credit note to the Contracting Body for a sum equal to any such Service Credits then outstanding which shall be repayable by the Supplier to the Contracting Body as a debt. If the Authority or any Other Contracting Body decides to source the Services through this Framework Agreement then it will award its Services Requirements in accordance with the procedure in this Framework Schedule 5 (Ordering Procedure) and the requirements of the Regulations and the Guidance. If a Contracting Body can determine that: its Services Requirements can be met by the Framework Supplier's catalogue of the Services as set out in Framework Schedule 1 (Services); the Framework Supplier provides the most economically advantageous solution in respect of the Contracting Body's Services Requirements; and all of the terms of the proposed contract are laid down in this Framework Agreement and the Call-Off Terms do not require amendment or any supplementary terms and conditions; then the Contracting Body may place an Order in accordance with the Direct Ordering Procedure set out in paragraph 2 below. If all of the terms of the proposed contract are not laid down in this Framework Agreement and a Contracting Body: requires the Supplier to develop proposals or a solution in respect of such Contracting Body's Services Requirements; and/or needs to amend or refine the Call-Off Terms to reflect its Services Requirements to the extent permitted by and in accordance with the Regulations and Guidance; then the Contracting Body shall place an Order in accordance with the procedures set out in paragraph 3 below.
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Percentage Deduction means the percentage of Defined Receipts set forth in the Contingent Bonus Formula as the First Deduction which WDP shall deduct and retain for its own account.
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Percentage Deduction means the percentage of Defined Receipts set forth in the Exhibit CB- CNG as the First Deduction which DC shall deduct and retain for its own account.
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Examples of Percentage Deduction in a sentence

  • Salvage value or receipts derived from print stocks, film or tape clips, stock footage, stills, props, sets, wardrobe, or other items included in Cost of Production/Acquisition except and only any sums received from the sale of cars purchased specifically in connection with the Picture and sold within six months after completion of photography, which sums shall be included in the Defined Receipts of the Picture without any Percentage Deduction.


More Definitions of Percentage Deduction

Percentage Deduction. = the sum of all percentage points accumulated for failing to meet one or more Service Levels for a Service period.
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Related to Percentage Deduction

  • Allowable Deductions , in relation to a mineral, means —

  • Percentage Allocation is defined in Section 4.3(b)(ii)(y).

  • Nonrecourse Deduction has the meaning assigned to that term in Treasury Regulation Section 1.704-2(b).

  • Sharing Percentage means, with respect to any Member, a percentage, expressed as a fraction the numerator of which is the number of Units held by such Member and the denominator of which is the aggregate number of Units held by all Members.

  • Allocation Year Means (i) the period commencing on the Closing Date and ending on December 31, 2006, (ii) any subsequent period commencing on January 1 and ending on the following December 31, or (iii) any portion of the period described in clause (ii) for which the Company is required to allocate Profits, Losses and other items of Company income, gain, loss or deduction pursuant to Article V.