Service Guarantee Payment definition

Service Guarantee Payment means any payment or other benefit that 1 party provides to the other party if it fails to meet a Service Standard for which a guarantee payment is required to be paid if that Service Standard is not met;
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Service Guarantee Payment means any payment or other benefit that one party provides to the other party if it fails to meet a Service Standard for which a guarantee payment is required to be paid if that Service Standard not be met;
Sample 1

Examples of Service Guarantee Payment in a sentence

  • The Trader’s only remedy if the Distributor fails to meet the timeframes in clause 4.11 is the payment of a Service Guarantee Payment in accordance with Schedule 1.

  • Except as provided in clause 9.10, the Trader’s only remedy if the Distributor fails to meet the timeframes in clause 4.11 is the payment of a Service Guarantee Payment in accordance with Schedule 1.

  • For the avoidance of doubt, if no Service Guarantee Payment is set out in Schedule 1, then the Trader shall have no remedy in respect of such failure.

  • Except as provided in clause 9.10, the Trader’s only remedy if the Distributor fails to meet the timeframes in clause 4.11 is the payment of a Service Guarantee Payment (if any) in accordance with Schedule 1.

  • Except as provided in clause 9.10, the Trader’s only remedy if the Distributor fails to meet the timeframes in clause 4.11 is the payment of a Service Guarantee Payment in accordance with Schedule 1, if applicable.

  • However, the Distributor has no obligation to pay a Service Guarantee Payment when the Unplanned Service Interruption occurs on the Distributor’s low voltage network.

  • For the avoidance of doubt, if no Service Guarantee Payment is set out in Schedule 1 in respect of that failure, the Trader will have no remedy in respect of the failure.

  • Except as provided in clause 9.10, the Trader’s only remedy if the Distributor fails to meet any of its obligations under clause 4.11 is the payment of a Service Guarantee Payment (if any) in accordance with Schedule 1.

  • If applicable, the Service will also be responsible for any late payment related charges as indicated in the Service Guarantee Payment Methods The method to remit funds on your behalf is based on the Xxxxxx.

  • If the Distributor breaches a Service Level that is subject to a Service Guarantee Payment, it must notify the Trader as soon as reasonably practicable and no later than 10 Working Days after becoming aware of the breach.

Related to Service Guarantee Payment

  • Guarantee Period /’Maintenance Period’ shall mean the period during which the Contractor shall remain liable for repair or replacement of any defective part of the works performed under the contract.

  • Service Guarantee means any payment or other benefit that one party provides to the other party when it fails to meet a Service Standard for which a guarantee payment is provided should that Service Standard not be met;

  • Performance Guarantee means the security to be provided by the Contractor in accordance with Sub Clause 10.1 for the due performance of the Contract.

  • guarantee contract means a contract entered into by a person as guarantor;

  • Bond Trustee Fee Agreement means the agreement entered into between the Issuer and the Bond Trustee relating among other things to the fees to be paid by the Issuer to the Bond Trustee for its obligations relating to the Bonds.

  • Management Guarantees means guarantees (x) of up to an aggregate principal amount outstanding at any time of $25.0 million of borrowings by Management Investors in connection with their purchase of Management Stock or (y) made on behalf of, or in respect of loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary (1) in respect of travel, entertainment and moving-related expenses incurred in the ordinary course of business, or (2) in the ordinary course of business and (in the case of this clause (2)) not exceeding $10.0 million in the aggregate outstanding at any time.

  • Performance Guarantor means Parent.

  • Transition bond charge means a charge, expressed as an

  • Eligible Guarantee means an unconditional and irrevocable guarantee that is provided by a guarantor as principal debtor rather than surety and is directly enforceable by Party B, where either (A) a law firm has given a legal opinion confirming that none of the guarantor’s payments to Party B under such guarantee will be subject to withholding for Tax or (B) such guarantee provides that, in the event that any of such guarantor’s payments to Party B are subject to withholding for Tax, such guarantor is required to pay such additional amount as is necessary to ensure that the net amount actually received by Party B (free and clear of any withholding tax) will equal the full amount Party B would have received had no such withholding been required.

  • Bond Service Charges means, for any period or payable at any time, the principal of, premium, if any, and interest on the Bonds for that period or payable at that time whether due at maturity or upon redemption, Mandatory Tender or acceleration.

  • Guarantees As defined in the preamble hereto.

  • Deliverable Obligation Characteristics means Not Subordinated, Specified Currency, Not Contingent, Assignable Loan, Consent Required Loan, Transferable, Not Bearer, Maximum Maturity – 30 years.

  • Deliverable Obligation Category means Bond or Loan.

  • Guarantor Payment Date means (a) prior to the delivery of a Guarantor Default Notice, the date falling on the 10th day of February, May, August and November of each year or, if such day is not a Business Day, the immediately following Business Day, provided that the fist Guarantor Payment Date will be 10 February 2014; and (b) following the delivery of a Guarantor Default Notice, any day on which any payment is required to be made by the Representative of the Covered Bondholders in accordance with the Post-Enforcement Priority of Payments, the relevant Final Terms and the Intercreditor Agreement.