Availability Target Value Sample Clauses

The Availability Target Value clause sets a specific standard or percentage for the minimum level of service uptime that a provider must maintain. Typically, this clause applies to services such as cloud hosting, software platforms, or IT infrastructure, where the provider commits to ensuring that the service is accessible and operational for a defined portion of time, such as 99.9% uptime per month. By establishing a clear benchmark for service availability, this clause helps manage customer expectations and provides a basis for accountability if the service falls short of the agreed target.
Availability Target Value. (1) The Service Provider classifies the functions making up the components of the Service into three groups pursuant to this Contract depending on a) the potential impact of the loss or erroneous operation of the given function on the Subscriber's and the Service Provider's reputation b) the degree to which the loss or erroneous operation of the given function affects the Subscriber's business continuity, and c) the material loss and extra cost incurred by the Subscriber as a result of the loss or erroneous operation of the given function. (2) Service Provider's Annual Availability Target Values for PROFESSIONAL, MULTICHANNEL and PREMIUM packages: a) For Primary Functions: 99.5% b) For Secondary Functions: 99.0% c) For Tertiary Functions: 95%
View SourceView Similar (6)
Availability Target Value. (1) The Service Provider classifies the functions making up the components of the Service into three groups pursuant to this GTA depending on a) the potential impact of the loss or erroneous operation of the given function on the Subscriber's and the Service Provider's reputation b) the degree to which the loss or erroneous operation of the given function affects the Subscriber's business continuity, and c) the material loss and extra cost incurred by the Subscriber as a result of the loss or erroneous operation of the given function. (2) Service Provider's Annual Availability Target Values for VIRTUAL CONTACT CENTER (PROFESSIONAL), MULTICHANNEL SOLUTION and PREMIUM packages: a) For Primary Functions: 99.5% b) For Secondary Functions: 99.0% c) For Tertiary Functions: 95%
View SourceView Similar (2)

Related to Availability Target Value

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution. (b) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall also be subject to adjustment pursuant to Section 6.9.

  • Minimum Excess Availability Borrower shall have Excess Availability under the Revolving Credit Loans facility of not less than the amount specified in the Schedule, after giving effect to the initial advance hereunder and after giving effect to any applicable Loan Reserves against borrowing availability under the Revolving Credit Loans.

  • FUNDING AVAILABILITY This Contract is contingent upon the continued availability of funding. If funds become unavailable through the lack of appropriations, legislative or executive budget cuts, amendment of the Appropriations Act, state agency consolidation, or any other disruptions of current appropriations, DFPS will reduce or terminate this Contract.

  • Excess Availability Borrowers shall maintain Excess Availability at ------------------- all times of at least $4,500,000.

  • Maximum Total Leverage Ratio The Borrower shall not permit the Total Leverage Ratio as of the last day of any four-quarter period to be greater than 4.00:1.00. Notwithstanding the foregoing: (a) for purposes of calculating the Total Leverage Ratio, until the earlier of (i) the consummation of a Specified Acquisition and (ii) termination of the acquisition agreement related to such Specified Acquisition, the Total Leverage Ratio shall not include any Indebtedness of the Borrower or the Guarantors to the extent that (x) such Indebtedness was incurred solely to finance such Specified Acquisition (and any related transactions) and the proceeds of such indebtedness are held as cash or cash equivalents in an escrow or equivalent arrangement (pending the consummation of such Specified Acquisition) and (y) such Indebtedness is redeemable or prepayable at no more than 101% of the principal amount thereof (plus accrued interest) in the event that the Specified Acquisition is not consummated; and (b) upon the Administrative Agent’s receipt of a written notice substantially in the form of Exhibit F hereto (a “Specified Acquisition Notice”), the Total Leverage Ratio as of the last day of any period for the four-quarter period beginning with the period in which such Specified Acquisition is consummated (such period in which the Specified Acquisition is consummated, the “Specified Acquisition Consummation Period”) and continuing through the fourth consecutive fiscal quarter ended immediately following the first day of the Specified Acquisition Consummation Period shall not exceed 4.50:1.00 (in lieu of the ratio set forth for such period above); provided that (i) the Borrower may deliver a Specified Acquisition Notice no more than three times during the life of this Agreement and (ii) after any Specified Acquisition Consummation Period, the Borrower must have a Total Leverage Ratio of no more than 4.00:1.00 for at least two consecutive fiscal quarters before the Borrower may elect to deliver a Specified Acquisition Notice for an additional time.