Reduced Resource Credit definition

Reduced Resource Credit or “RRC” is the credit per Resource Unit that is applicable whenever the actual consumption of a defined Resource Unit by the Eligible Recipients falls below the Resource Baseline set forth in Schedule J. The total credit will be calculated by multiplying the Reduced Resource Credit by the number of Resource Units below the Resource Baseline actually consumed by the Eligible Recipients.
Sample 1Sample 2
Reduced Resource Credit or “RRC” shall have the meaning specified in Exhibit C (Fees and Resource Baselines).
Sample 1Sample 2Sample 3
Reduced Resource Credit or “RRC” has the meaning set forth in Exhibit 4.
Sample 1Sample 2

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 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).

  • Credits for reduced resources are equal to (a) credits for reduced resource units above the Reduced Resource Credit (above the RRC) Deadband Threshold and (b) Credits for reduced resource units below the RRC Deadband Threshold.

  • Hence, as part of your approach, address the guidelines and related economic results for Added Resource Charges (ARC) (i.e., usage above the projected level) and Reduced Resource Credit (RRC) (i.e., usage not utilized) and when these would occur.

  • Credits for reduced resource units below the RRC Deadband Threshold are equal to (e) the reduced resource units below the threshold (volume), multiplied by (f) the Reduced Resource Credit (RRC) rate applicable to the Resource Unit.


More Definitions of Reduced Resource Credit

Reduced Resource Credit or "RRC" means the credit for reduced utilization of Resource Units below the applicable Monthly Baseline and associated Deadband, if any, for a specific Individual Service Element.
Sample 1
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.
Sample 1
Reduced Resource Credit or “RRC” has the meaning set forth in the Charges Schedule.
Sample 1Sample 2
Reduced Resource Credit or "RRC" shall have the meaning set forth in Section 4.3(b) of this Schedule C.
Sample 1
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.
Sample 1
Reduced Resource Credit or “RRC” shall have the meaning given in Schedule 4.
Sample 1
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
Sample 1