Examples of Service Level Termination Event in a sentence
Company may only exercise its termination rights in respect of any Service Level Termination Event if the applicable Service Level failure(s) has a material adverse effect on the Program or on Company in Company’s reasonable judgment.
If COC elects to waive in writing a Service Level Credit, such waiver will not be considered a waiver of the application of the Service Level Default toward a Service Level Termination Event or other termination rights set forth in the Agreement, unless otherwise expressly stated in such writing.
Table of Payments for Service Level Failures Determination of Bank Events of Default Due to Service Level Failures • The following failures shall each constitute a “ Service Level Termination Event ”: A failure to meet the same Critical Service Level being more than [***] below the target for [***]; or• A failure to meet any combination of one or more Critical Service Levels [***].
No later than [****] after the Schedule Effective Date, the parties shall define a Service Level Termination Event.
If the Commonwealth elects to waive in writing a Service Level Credit, such waiver will not be considered a waiver of the application of the Service Level Default toward a Service Level Termination Event or other termination rights set forth in the Contract, unless otherwise expressly stated in such writing.