Maturity Model Sample Clauses

Maturity Model. Description: The MDD Maturity model is a model that aims at helping organizations introduce MDD. It builds from the fact that several organizations have successfully applied MDD as reported by the Open Management Group [18]. Despite the findings of this report, introducing MDD methods and tools is not a simple task. Implementing MDD in an organization requires organizational change in processes and the overall culture. The purpose of this maturity model is to help organizations in the implementation of MDD by providing an improvement path that organizations can follow to improve their MDD implementation [18]. This improvement path consists of five levels. Each level is then associated to practices, which are activities both specific to MDD and general to software engineering. Each level is also associated with MDD elements which are the artefacts used in MDD, such as, models, transformations, tools and documentation. This maturity model is in line with CMMI and although independent from CMMI it works as complement to it. Aim: Help organizations implementing MDD so that they reach a level where there are reusable models being used in development.
Sample 1
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Maturity Model. ‌ Description: This maturity model follows the approach from the Software Engineering Institute CMMI. However, the implementation differs considerably from CMMI that focuses on engineering principles for software development. The model provides a generic scale, which is then specialized for each one of the 34 COBIT 4.1 processes7. This maturity 7 COBIT 5, which succeed to COBIT .1 does not provide a maturity model. Instead it adopts the ISO/IEC 15504 maturity model. model enables management to easily place the organization on the maturity scale of six levels and understand what is necessary to improve to the next maturity level if needed [26]. Aim: Enable the comparison of an organization’s current implementation of IT processes against industry standards, as well as, the identification of needed maturity improvement.
Sample 1

Related to Maturity Model

  • Post-Maturity Rates After the date any principal amount of any Loan is due and payable (whether on the Revolving Commitment Termination Date, upon acceleration or otherwise), or after any other monetary Obligation of the Borrower shall have become due and payable, the Borrower shall pay, but only to the extent permitted by law, interest (after as well as before judgment) on such amounts at a rate per annum equal to the Base Rate plus a margin of 2.00%.

  • Maturity of Loans Each Loan hereunder shall mature, and the principal amount thereof shall be due and payable on the Maturity Date with respect to such Loan.

  • Post-Maturity Interest Any principal payments on the Loan not paid when due and, to the extent permitted by applicable law, any interest payment on the Loan not paid when due, in each case whether at Stated Maturity, by notice of prepayment, by acceleration or otherwise, shall thereafter bear interest payable upon demand at a rate of interest otherwise payable under this Agreement for the Loan but in no event to exceed the maximum interest rate permitted by applicable law.

  • Maturity Date This Agreement shall continue in effect until the maturity date set forth on the Schedule (the "Maturity Date"), subject to Section 6.3 below.

  • Maturity As provided therein, the entire unpaid principal balance of each Note shall be due and payable on the Maturity Date thereof.

  • Payment on Maturity Date Borrower shall pay to Lender on the Maturity Date the outstanding principal balance of the Loan, all accrued and unpaid interest and all other amounts due hereunder and under the Note, the Mortgage and the other Loan Documents.

  • Final Maturity Date 23 Fitch.........................................................................................23

  • Final Maturity The Stated Maturity Date for any Note will be the date so specified in the Supplement, which shall be no later than 397 days from the date of issuance. On its Stated Maturity Date, or any date prior to the Stated Maturity Date on which the particular Note becomes due and payable by the declaration of acceleration, each such date being referred to as a Maturity Date, the principal amount of each Note, together with accrued and unpaid interest thereon, will be immediately due and payable.

  • Loan Terms The Loan will be evidenced by the Note and will bear interest and be paid in accordance with the payment terms set forth in the Note.

  • Refinancing Preparation Advance; Capitalizing Front-end Fee and Interest (a) If the Loan Agreement provides for the repayment out of the proceeds of the Loan of an advance made by the Bank or the Association (“Preparation Advance”), the Bank shall, on behalf of such Loan Party, withdraw from the Loan Account on or after the Effective Date the amount required to repay the withdrawn and outstanding balance of the advance as at the date of such withdrawal from the Loan Account and to pay all accrued and unpaid charges, if any, on the advance as at such date. The Bank shall pay the amount so withdrawn to itself or the Association, as the case may be, and shall cancel the remaining unwithdrawn amount of the advance.”

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