Reduced Resource Credit definition

Reduced Resource Credit or “RRC” means the credit to Client that accrues when Service Provider delivers Service volumes for a particular Resource Unit Category for a particular Volume Measurement Period that are less than the lower Band Limits for that Resource Unit Category during that Volume Measurement Period.

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Reduced Resource Credit or “RRC” has the meaning set forth in Exhibit 4.

Reduced Resource Credit or “RRC” shall have the meaning specified in Exhibit C (Fees and Resource Baselines).

Examples of Reduced Resource Credit in a sentence

If the actual consumption of a Resource Unit in any month is greater or less than the applicable Monthly Resource Baseline, an Additional Resource Charge (ARC) or Reduced Resource Credit (RRC) shall be applied, as provided in this Exhibit.
If the volume of Dana’s use of a Service subject to Variable Fees (1) increases above the applicable resource baseline set forth in Schedule 6 (Fees), D▇▇▇ will pay Service Provider, in addition to the Fees otherwise due for such Service, an amount equal to the corresponding Additional Resource Charge or (2) decreases below the applicable resource baseline set forth in Schedule 6 (Fees), Service Provider will credit D▇▇▇ an amount equal to the corresponding Reduced Resource Credit.
If the total number of Actual RUs is less than the aggregate Resource Baseline for such month by more than any applicable deadband, Supplier shall credit Hercules a Reduced Resource Credit equal to the difference between the Resource Baseline and the Actual RUs for that Resource Unit, multiplied by the specific RRC Rate for the applicable Resource Unit category for the applicable Contract Year (i.e., RRC = [(Resource Baseline - Actual RUs -) x Z x RRC Rate], where Z equals a mutually agreed constant).

More Definitions of Reduced Resource Credit

Reduced Resource Credit or "RRC" shall have the meaning set forth in Section 4.3(b) of this Schedule C.

Reduced Resource Credit or "RRC" means the credit for reduced ----------------------- utilization of the Services below the defined Resource Baseline volume, as set forth in Schedule J. ----------

Reduced Resource Credit or “RRC” shall mean the incremental adjustment for each RU where Gap’s actual monthly utilization was lower than the applicable Monthly Baseline for such RU. The applicable RRC rates are identified in Table C.1.1.a and __________________________ *Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions.

Reduced Resource Credit or “RRC” has the meaning set forth in the Charges Schedule.

Reduced Resource Credit or “RRC” shall mean a credit issued to Federal-Mogul Local Entity by IBM Local Entity pursuant to the ARC/RRC adjustment process described in Section 4.3 of Exhibit C.

Reduced Resource Credit. OR "RRC" means a reduction in the charges payable in relation to a Service Category in an Invoice Region, where the number of Resource Units in relation to that Service Category in that Invoice Region is less than the Resource Baseline for that Service Category in that Invoice Region, calculated by multiplying the number of shortfall Resource Units by the applicable RRC rate; SCHEDULE 4 - CHARGES CONFIDENTIAL TREATMENT REQUESTED BY MARCONI CORPORATION PLC

Reduced Resource Credit is the credit for reduced utilization of a predefined Service or resource below the defined Resource Baseline volume, as set forth in a Service Agreement.