Credit Calculation Sample Clauses
The CREDIT CALCULATION clause defines the method and criteria for determining the amount of credit available or due under an agreement. Typically, this clause outlines the formulas, benchmarks, or reference data used to calculate credits, such as service credits for performance failures or financial credits for overpayments. By specifying a clear calculation process, the clause ensures transparency and consistency, reducing disputes and providing both parties with a predictable mechanism for resolving credit-related issues.
Credit Calculation. The credits indicated in Article 6 shall be calculated to the nearest minute as follows:
Credit Calculation. Where an employee is subject to the conditions outlined in L7.10, the provisions of Article 6.02 - Credit Calcula- tion and Article 6.03 - Flight Time Credits and Guarantees will apply.
Credit Calculation. 4.1 The actual hourly Airframe Direct Maintenance Cost (ADMC) shall be compared by ▇▇▇▇ against the ADMCG on an annual basis.
4.2 If the ADMC exceeds the ADMCG by more than ten percent (10%) Buyer's balance account will be credited with a compensation credit calculated in accordance with the formula in Article 4.3. Qb = 0.6 (ADMC-ADMCG) T where: Qb = Buyer's compensation credit in dollars when Qb is positive, ADMC = The average of the ADMC values on an annual basis, G = Airframe Direct Maintenance Cost Guarantee, T = As per 3.4
4.3 If the ADMC is less than the ADMCG, ▇▇▇▇ shall accrue an incentive credit which shall be used as an offset against any potential liabilities of ▇▇▇▇ during the term of this ADMCG in accordance with the following formula: Qs = 0.4 (ADMCG - ADMC) T where: Qs = BRAD's incentive credit in dollars when Qs is positive. ADMC, ADMCG and T shall have the same meaning as used in Article 4.2 above.
Credit Calculation. Where an employee is subject to the conditions outlined in the provisions of Article Credit Calculation and Article Flight Time Credits and Guarantees will apply. airport of origination, will be required to claim credits if applicable. Where an employee is not required to return to airport of origination, no credits under will be applicable.
Credit Calculation. 4.1 The actual hourly Airframe Direct Maintenance Labour Cost (ADMLC) shall be compared by BRAD ▇▇▇inst the ADMLCG on an annual basis.
4.2 If the ADMLC exceeds the ADMLCG Buyer will be [CONFIDENTIAL PORTION DELETED] calculated in accordance with the following formula. [CONFIDENTIAL PORTION DELETED]
4.3 If the ADMLC is less than the ADMLCG, [CONFIDENTIAL PORTION DELETED] shall accrue a credit which shall be used as an [CONFIDENTIAL PORTION DELETED] during the term of this [CONFIDENTIAL PORTION DELETED] in accordance with the following formula: [CONFIDENTIAL PORTION DELETED] ADMLC, ADMLCG and T shall have the same meaning as used in Article 4.2 above.
Credit Calculation. 7.1 The ADEC calculated in accordance with Article 6.2 hereof shall be compared by Bombardier against the ADMEG on an annual basis.
7.2 If the ADEC exceeds the ADMEG for the applicable year, Northwest will be credited with a compensation credit ("Qd") calculated in accordance with the following formula: Qd = [*]
Credit Calculation. 11.12.11.1 All professional growth credit shall be computed in se- ▇▇▇▇▇▇ hours. College credit in terms of quarter hours will be translated into semester hours by using the fol- lowing formula: double quarter credit; divide by three (3).
Credit Calculation. Global Crossing will issue a credit allowance equal to [ * ] of the Installation Charges paid or payable by Limelight for any installation of a IP Transit port that is not activated within the guaranteed times stated above.
Credit Calculation. The actual hourly Airframe Direct Maintenance Cost (ADMC) shall be compared by Bombardier against the ADMCG on an annual basis.
Credit Calculation. As the sole and exclusive remedy for breach of the SLA, Lookout will provided a credit against Support Fees payable to Lookout (“Service Credits”) in the following amounts: (i) if Service Availability during any rolling 30-day period is less than 99.95% but above 99.0%, then Lookout will provide a Service Credit of 5% of the monthly Support Fees actually paid during that month; and, (ii) if Service Availability during any calendar month is less than 99.0%, then Lookout will provide a Service Credit of 10% of the monthly Support Fees actually paid during that month.