Common use of Example 1 Clause in Contracts

Example 1. If the Supplier achieves Service Availability of 98.5% in a given Measurement Period, it will incur a Minor KPI Failure for Service Availability in that Measurement Period and accordingly accrue 1 Service Point. If, in the next Measurement Period, it achieves Service Availability of 96.5%, it will incur a Severe KPI Failure and accordingly accrue 3 Service Points, but as the failure is a Repeat Failure, this amount is doubled and so the Supplier will incur 6 Service Points for the failure (i.e. SP = 3 x 2). If in the next Measurement Period it achieves Service Availability of 96.5%, the Supplier will again incur 6 Service Points.

Appears in 6 contracts

Samples: Model Services Agreement Combined Schedules, Model Services Agreement Combined Schedules, Model Services Agreement Combined Schedules

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.