Service Credit Cap definition

Service Credit Cap has the meaning given to it in the Call Off Order Form;

Service Credit Cap has the meaning given to it in Paragraph 84 of Part A of Call Off Schedule 6 (Service Levels, Service Credits and Performance Monitoring)

Service Credit Cap. (a) in the period of 12 months from the first Operational Service Commencement Date to occur after the Effective Date, [x]% of the Estimated Initial Service Charges; and (b) during the remainder of the Term, [x]% of the Service Charges paid and/or due to be paid to the Supplier under this Agreement in the period of 12 months immediately preceding the Service Period in respect of which Service Credits are accrued;

Examples of Service Credit Cap in a sentence

• Populate the appropriate percentages of the Call Off Contract Charges that should apply to the definition of Service Credit Cap in Call Off Schedule 1 (Definitions).

• For the purposes of this Call Off Contract the Service Credit Cap means: In the period from the Call Off Commencement Date to the end of the first Call Off Contract Year [xxx]% of the Estimated Year 1 Call Off Contract Charges; and during the remainder of the Call Off Contract Period, [xxx]% of the Call Off Contract Charges payable to the Supplier under this Call Off Contract in the period of 12 Months immediately preceding the Month in respect of which Service Credits are accrued.

• Populate the appropriate percentages of the Contract Charges that should apply to the definition of Service Credit Cap in Contract Schedule 1 (Definitions).

• Also consider with Clauses 36.2.1(a) and 36.2.2 of the Template Call Off Terms and insert sum in the definition of Estimated Year 1 Call Off Contract Charges in Call Off Schedule 1 (Definitions)] 26 [Guidance Note: Some clauses in the Call Off Contract will be dependent on the amount which is the Estimated Year 1 Call Off Contract Charges, namely, Clauses 36.2.1(b)(i) to 36.2.1(b)(iii), 36.2.2(a) and the Definition of Service Credit Cap.

• If Service Credits are required, populate the Service Levels/Service Credits and the definition of Service Credit Cap in Paragraph 88 of Annex 1 of Part A of that Call Off Schedule.

More Definitions of Service Credit Cap

Service Credit Cap has the meaning given to it in the Contract Order Form;

Service Credit Cap means: in the period from the Call Off Commencement Date to the end of the first Call Off Contract Year [20]% of the Estimated Year 1 Call Off Contract Charges; and during the remainder of the Call Off Contract Period, [xxx]% of the Call Off Contract Charges payable to the Supplier under this Call Off Contract in the period of twelve (12) Months immediately preceding the Month in respect of which Service Credits are accrued;

Service Credit Cap means: in the period from the Call Off Commencement Date to the end of the first Call Off Contract Year [xxx]% of the Estimated Year 1 Call Off Contract Charges; and during the remainder of the Call Off Contract Period, [xxx]% of the Call Off Contract Charges payable to the Supplier under this Call Off Contract in the period of 12 Months immediately preceding the Month in respect of which Service Credits are accrued;

Service Credit Cap. The service Credit Cap is £0 (nil pounds)

Service Credit Cap means three (3) times the Fees paid or payable by the Customer for the first month of the Initial Term.

Service Credit Cap. 10% of the Service Charges paid and/or due to be paid to the Supplier under this Agreement in respect of any one Cohort;

Service Credit Cap. 50% of the Service Charges payable in respect of the Service Period in which the Service Credits are accrued;