Examples of Unavailability Deduction in a sentence
Notwithstanding any other provision of this Appendix (including Section 3.2 of this Appendix), if Total Courthouse Unavailability occurs, the only Unavailability Deduction that shall apply is a Deduction of $6,000 (Index-Linked), to be applied (1) upon the commencement of Total Courthouse Unavailability and (2) at the expiration of each subsequent two hour interval that Total Courthouse Unavailability persists during Operating Hours.
Where the Unavailability Event continues beyond the Required Rectification Period and two consecutive Subsequent Rectification Periods and the Developer has failed to Rectify that Unavailability Event, the Unavailability Deduction for the completion of the third and each additional Subsequent Rectification Period, calculated in accordance with Attachment 11A of this Appendix, shall be multiplied by two.
MUDm,y = the Monthly Unavailability Deduction for Month (m) in Calendar Year (y) calculated according to Section 2.4 (Monthly Unavailability Deduction) of this Exhibit 8 (Payment Mechanism).
The Monthly Unavailability Deduction (“MUD”) for each Month (m) in Calendar Year (y) shall be calculated in accordance with the following formula: MUDm, y UAVm EUAVm Where: UAVm = the Unavailability Aggregated Value for Month (m) calculated according to the formula in Section 2.5 (Unavailability Aggregated Value) of this Exhibit 8 (Payment Mechanism).