- - - ANNUAL PERFORMANCE TEST Sample Clauses

The Annual Performance Test clause establishes a requirement for periodic evaluation of a party's performance, typically on a yearly basis, against predefined standards or benchmarks. In practice, this clause may specify the metrics to be measured, the testing procedures, and the consequences of failing to meet the required performance levels, such as penalties or remedial actions. Its core function is to ensure ongoing accountability and maintain service quality throughout the contract term by providing a structured mechanism for regular performance assessment.
- - - ANNUAL PERFORMANCE TEST. Upon written request of the Issuing Authority, the Licensee shall provide copies of performance tests in accordance with FCC regulations, as set out in 47 C.F.R. §76.601 et seq. to the Issuing Authority.
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- - - ANNUAL PERFORMANCE TEST. Performance requirements and standards specified in Section 5.9 above shall be measured annually to ensure compliance with same. The costs of such tests shall be borne by Licensee.
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- - - ANNUAL PERFORMANCE TEST. No later than sixty (60) days prior to the Target Service Commencement Date, and in accordance with the Gridco-Genco-Hydroco Operating Agreement, Operator shall coordinate with T&D Operator to submit to PREB, for its review and approval, the procedures for the Annual Performance Test developed pursuant to the PREPA- Genco-Hydroco Operating Agreement. Within thirty (30) days following its receipt of such procedures, PREB, acting reasonably, shall provide Operator and T&D Operator comments on the appropriateness of the proposed procedures and recommend any changes or modifications it believes are necessary or appropriate. If PREB does not deliver such comments during such thirty (30) day period, it shall be deemed to have agreed with the procedures for the Annual Performance Test.
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- - - ANNUAL PERFORMANCE TEST. If the EBITDA for any fiscal year 2003 through 2007 equals or exceeds the EBITDA Target for such fiscal year, an installment consisting of 15% of the shares covered by the Option shall become exercisable on the Determination Date for such fiscal year.
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- - - ANNUAL PERFORMANCE TEST. No later than ninety (90) days following the Service Commencement Date, Operator shall conduct the first Annual Performance Test for each Legacy Generation Asset with reasonable assistance from Administrator, (as requested by Operator) and PREB’s right to observe (upon PREB’s election to observe), and in a manner consistent with the PREPA-Genco-Hydroco Operating Agreement and procedures developed pursuant to the PREPA-Genco-Hydroco Operating Agreement and reviewed by PREB in accordance with Section 4.2(u) (Annual Performance Test). Operator shall promptly submit the results of such test, the proposed Equivalent Availability Factor targets and Minimum Performance Thresholds, and all supporting calculations and documentation, to PREB for its review.
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- - - ANNUAL PERFORMANCE TEST. If the EBITDA for any fiscal year 2002 through 2005 equals or exceeds the EBITDA Target for such fiscal year, on the Determination Date for such fiscal year, a portion of the Basic Option shall become exercisable as follows: (A) An installment consisting of 11.25% of the shares covered by the Basic Option shall become exercisable on the Determination Date for fiscal year 2002 if EBITDA for such fiscal year equals or exceeds the EBITDA Target for such year; and (B) An installment consisting of 16.25% of the shares covered by the Basic Option shall become exercisable on the Determination Date for each fiscal year 2003 through 2005 if EBITDA for such fiscal year equals or exceeds the EBITDA Target for such year.
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Related to - - - ANNUAL PERFORMANCE TEST

  • Annual Performance Review The Employee’s performance of his duties under this Agreement shall be reviewed by the Board of Directors or a committee of the Board of Directors at least annually and finalized within thirty (30) days of the receipt of the annual audited financial statements. The Board of Directors or a committee of the Board of Directors shall additionally review the base salary, bonus and benefits provided to the Employee under this Agreement and may, in their discretion, adjust the same, as outlined in Addendum B of this Agreement, provided, however, that Employee’s annual base salary shall not be less than the base salary set forth in Section 4(A) hereof.

  • Performance Tests Contractor shall perform Performance Tests in accordance with Section 11.2 of the Agreement and Attachment S.

  • Performance Testing (a) All performance tests of the Project, including any Initial Performance Test required in Section 2 of Appendix VIII, will be performed in accordance with the test procedures set forth in Appendix VIII (“Performance Test”), including additional procedures and protocols related to Performance Testing as mutually agreed between Buyer and Seller (“Test Procedures”). Seller shall bear all costs and receive all revenues, if applicable, associated with all Performance Tests. (b) After the Initial Delivery Date and during the Delivery Term, Buyer will have the right to conduct a Performance Test (“Buyer Performance Test”) no more than once a calendar year to demonstrate whether the Project is capable of delivering the Distribution Services at the Contract Capacity. Within 30 calendar days following a Buyer Performance Test, Seller will have the right to retest the Project with a Performance Test (“Seller Retest”). For the avoidance of doubt, the results of any Seller Retest will supersede the results of the preceding Buyer Performance Test. (i) If a Buyer Performance Test or, if a corresponding Seller Retest has occurred, a Seller Retest demonstrates the Project is capable of delivering Distribution Services at or above ninety-nine percent (99%) of the Initial Contract Capacity, the Contract Capacity will remain the Initial Contract Capacity; (ii) If a Buyer Performance Test or, if a corresponding Seller Retest has occurred, a Seller Retest demonstrates the Project is capable of delivering Distribution Services at more than or equal to eighty-five (85%) of the Initial Contract Capacity, but less than ninety-nine percent (99%) of the Initial Contract Capacity (“Testing Band”), the Contract Capacity will be automatically adjusted (upwards or downwards) to the capacity commensurate with the amount of Distribution Services the Project delivered during the Performance Test within the Testing Band. (iii) If a Buyer Performance Test or, if a corresponding Seller Retest has occurred, a Seller Retest demonstrates the Project is not capable of delivering Distribution Services of at least eighty-five percent (85%) of the Initial Contract Capacity, an Event of Default shall occur in accordance with Section 7.1(a)(viii).

  • Annual Performance Evaluation On either a fiscal year or calendar year basis, (consistently applied from year to year), the Bank shall conduct an annual evaluation of Executive’s performance. The annual performance evaluation proceedings shall be included in the minutes of the Board meeting that next follows such annual performance review.

  • Ongoing Performance Measures The Department intends to use performance-reporting tools in order to measure the performance of Contractor(s). These tools will include the Contractor Performance Survey (Exhibit G), to be completed by Customers on a quarterly basis. Such measures will allow the Department to better track Vendor performance through the term of the Contract(s) and ensure that Contractor(s) consistently provide quality services to the State and its Customers. The Department reserves the right to modify the Contractor Performance Survey document and introduce additional performance-reporting tools as they are developed, including online tools (e.g. tools within MFMP or on the Department's website).