Service Failure Deduction definition

Service Failure Deduction means a Deduction which may be made in respect of a Service Failure; “Service Payment” means the sum calculated in accordance with Section 2.1 of this Schedule;
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Service Failure Deduction has the meaning set out in Schedule 8 [Payments]; “Service Payment” has the meaning set out in Schedule 8 [Payments];
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Service Failure Deduction means a Deduction which may be made in respect of a Service Failure;
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Examples of Service Failure Deduction in a sentence

  • No Service Failure Deduction will be made if the Service Failure to which it relates arises solely as a result of the Unavailability of the Functional Unit in which the Service was to be provided.

  • If an Event which results in an immediate Service Failure Deduction (because there is no applicable Response Time or Rectification Period) can properly be classified as both a Service Failure and an Unavailability Event at the time that the Demand Requisition is reported, to the Help Desk, it will be classified as the Event that has the highest potential Deduction available to it.

  • Where no rectification period is set out in the Facilities Output Specification, the Service Failure Deduction will be made by the Authority in respect of each Relevant Core Session which are those Core Sessions from (and including) the Core Session in which the Logged Failure Time occurred until (and including) the Core Session during which the Service Performance Shortfall ceases to occur.

  • Each category has a fixed index-linked Service Failure Deduction which is applied for each Service Failure.

  • Where no rectification is allowed as set out in the Services Output Specification, the Service Failure Deduction will be made by the Authority in respect of each Relevant Core Session which are those Core Sessions from (and including) the Core Session in which the Logged Failure Time occurred until (and including) the Core Session during which the Service Performance Shortfall ceases to occur.

  • To the extent that a System Event Deduction is applied, no directly corresponding Quality Failure Deduction or Service Failure Deduction shall be applied in addition to the System Event Deduction.

  • Each category has a fixed Index-linked Service Failure Deduction applicable to each Service Failure.

  • The Mayor extended his best wishes to the family at this difficult time.

  • Other Site Services will be subject to Service Failure Deduction but not the Unavailability Deduction as described in Schedule 8.Following Service Commencement, the Authority will continue to pay monthly facility maintenance payments for the Other Site Services.

  • Service Payments for the New Facility will be subject to Service Failure Deduction and Unavailability Deduction as described in Schedule 8.The Project Agreement will include a performance mechanism which may, subject to and in accordance with its terms, trigger payment deductions to Project Co by the Authority if performance requirements are not met.


More Definitions of Service Failure Deduction

Service Failure Deduction means a Deduction which may be made in respect of a Service Failure; “Service Payment” means the sum calculated in accordance with Section 1.1 of Schedule 8 [Payments];
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Service Failure Deduction or “SFD” means a reduction to the Monthly Operational Charges as specified in, and calculated in accordance with, schedule 5 (Service Level Agreement);
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Service Failure Deduction has the meaning given to it in Schedule 2Sub Schedule 0Part 2 (Output Specification).
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Service Failure Deduction means a Deduction which may be made in respect of a Service Failure; “Service Payment” means the sum calculated in accordance with Section 2.1 of this Schedule; “Snow Clearing Differential” has the meaning set out in Section 8.4 of this Schedule;
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Service Failure Deduction means a reduction to the Monthly Operational Charges as specified in and calculated in accordance with the provisions of Schedule 5 (Service Level Agreement);
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Service Failure Deduction has the meaning given to it in Schedule 6 (Payment Mechanism); Services the services required to satisfy the Services Output Specification [and the Initialany Elective Services] that the Contractor is required to provide under this Agreement;
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Related to Service Failure Deduction

  • Service Failure means a failure by the Contractor to provide the Services in accordance with any individual service level described above (measured on a monthly/quarterly/annual basis)

  • Daily Failure Amount means the product of (x) .005 multiplied by (y) the Closing Sale Price of the Common Stock on the applicable Share Delivery Date.

  • Volume Failure means, with respect to a particular date of determination, the aggregate daily dollar trading volume (as reported on Bloomberg) of the Common Stock on the Principal Market on any Trading Day during the twenty (20) Trading Day period ending on the Trading Day immediately preceding such date of determination (such period, the “Volume Failure Measuring Period”), is less than $2,000,000 (as adjusted for any stock splits, stock dividends, stock combinations, recapitalizations or other similar transactions occurring after the Subscription Date). All such determinations to be appropriately adjusted for any stock splits, stock dividends, stock combinations, recapitalizations or other similar transactions during such Volume Failure Measuring Period.

  • GEP Failure means Seller’s failure to produce Delivered Energy in an amount equal to or greater than the Guaranteed Energy Production amount for the applicable Performance Measurement Period.

  • Consistent Failure means any of:

  • Price Failure means, with respect to a particular date of determination, the VWAP of the Common Stock on any Trading Day during the seven (7) Trading Day period ending on the Trading Day immediately preceding such date of determination fails to exceed the Floor Price (as adjusted for stock splits, stock dividends, stock combinations, recapitalizations or other similar transactions occurring after the date hereof). All such determinations to be appropriately adjusted for any stock splits, stock dividends, stock combinations, recapitalizations or other similar transactions during any such measuring period.

  • Supply Failure has the meaning given to it in Section 7.5.2 (Supply Failure).

  • Persistent Failure means any two (2) or more failures by the Supplier in any rolling period of twelve (12) months to comply with obligations in respect of the Contract Services under the Contract;

  • Milestone Failure means a failure by the Grant Recipient fully to achieve any Milestone by the relevant Milestone Date;

  • Transaction Failure Date means the 18-month anniversary of the Effective Date (or the 24 month anniversary of the Effective Date, if a letter of intent, agreement in principle or definitive agreement has been executed within 18 months after the Effective Date and the Business Combination relating thereto has not yet been consummated within such 18-month period).

  • Service Level Failure means a failure to perform the Software Support Services fully in compliance with the Support Service Level Requirements.

  • Excused Downtime means the number of minutes in the Charging Period, rounded to the nearest minute that the link state of Customer’s Port is ‘down’ due to:

  • Liquidated Damages Multiplier means, with respect to a particular Purchaser, (i) the product of the Common Unit Price multiplied by (ii) the number of Purchased Units purchased by such Purchaser that may not be disposed of without restriction and without the need for current public information pursuant to any section of Rule 144 (or any similar provision then in effect) under the Securities Act.

  • MI Failure means when an MI report: a) contains any material errors or material omissions or a missing mandatory field; or b) is submitted using an incorrect MI reporting Template; or c) is not submitted by the reporting date(including where a Nil Return should have been filed);

  • Listing Failure Event means that:

  • Transaction Failure means the failure to consummate a Business Combination within 18 months of the Effective Date (or 24 months after the Effective Date, if a letter of intent, agreement in principle or definitive agreement has been executed within 18 months after the Effective Date and the Business Combination relating thereto has not yet been consummated within such 18-month period).

  • Excused Outage means any disruption to or unavailability of Services caused by or due to (i) Scheduled Maintenance,

  • Daily Delay Damages means with respect to a Guaranteed Project Milestone, an amount equal to (a) the Project Development Security Amount posted as of the first date that Daily Delay Damages are payable under this Agreement with respect to such Guaranteed Project Milestone, divided by (b) 120.

  • Force Majeure Failure has the meaning set forth in Section 8.1(d).

  • Increased Reporting Period means the period commencing after the continuance of an Increased Reporting Event and continuing until the date when no Increased Reporting Event has occurred for 30 consecutive days.

  • Delay Liquidated Damages has the meaning set forth in Section 13.1.

  • Epidemic Failure means a series of repeating failures or defects resulting in at least a 0.5% failure rate for the same Product or Material during any twelve-month period.

  • Look-back Period means, with respect to any Employment Violation by Grantee, the period beginning on the date which is 12 months prior to the date of such Employment Violation by Grantee and ending on the date of computation of the Recapture Amount with respect to such Employment Violation.

  • Potential Failure to Pay means the failure by a Reference Entity to make, when and where due, any payments in an aggregate amount of not less than the Payment Requirement under one or more Obligations, without regard to any grace period or any conditions precedent to the commencement of any grace period applicable to such Obligations, in accordance with the terms of such Obligations at the time of such failure.

  • Capitalization Reimbursement Amount As to any Distribution Date, the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of the related Mortgage Loans during the prior calendar month and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date pursuant to Section 3.10(a)(vii), plus the Capitalization Reimbursement Shortfall Amount remaining unreimbursed from any prior Distribution Date and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date.

  • Registration Failure means that (A) the Company fails to file with the SEC on or before the Filing Deadline (as defined in the Registration Rights Agreement) any Registration Statement required to be filed pursuant to Section 2(a) of the Registration Rights Agreement, (B) the Company fails to use its best efforts to obtain effectiveness with the SEC, prior to the Registration Deadline (as defined in the Registration Rights Agreement), of any Registration Statement (as defined in the Registration Rights Agreement) that is required to be filed pursuant to Section 2(a) of the Registration Rights Agreement, or fails to use its best efforts to keep each such Registration Statement current and effective as required in Section 3 of the Registration Rights Agreement, (C) the Company fails to file any additional Registration Statement required to be filed pursuant to Section 2(a)(ii) of the Registration Rights Agreement on or before the Additional Filing Deadline or fails to use its best efforts to cause such additional Registration Statement to become effective on or before the Additional Registration Deadline, (D) the Company fails to file any amendment to any Registration Statement, or any additional Registration Statement required to be filed pursuant to Section 3(b) of the Registration Rights Agreement within thirty (30) days of the applicable Registration Trigger Date (as defined in the Registration Rights Agreement), or fails to use its best efforts to cause such amendment and/or new Registration Statement to become effective within ninety (90) days of the applicable Registration Trigger Date, (E) any Registration Statement required to be filed under the Registration Rights Agreement, after its initial effectiveness and during the Registration Period (as defined in the Registration Rights Agreement), lapses in effect or sales of all of the Registrable Securities (as defined in the Registration Rights Agreement) cannot otherwise be made thereunder (whether by reason of the Company’s failure to amend or supplement the prospectus included therein in accordance with the Registration Rights Agreement, the Company’s failure to file and use its best efforts to obtain effectiveness with the SEC of an additional Registration Statement or amended Registration Statement required pursuant to Sections 2(a)(ii) or 3(b) of the Registration Rights Agreement, as applicable, or otherwise), or (F) the Company fails to provide a commercially reasonable written response to any comments to any Registration Statement submitted by the SEC within twenty five (25) days of the date that such SEC comments are received by the Company.