Common use of Performance Credit Clause in Contracts

Performance Credit. (b) Where Percentage Uptime is equal to or less than 99.98%, Subscriber shall be due a Performance Credit in the amount of 10% of the Services Fees [. . . ] for each full 1% reduction in Percentage Uptime. Contracts are often composed of two parts: 1) the agreement and 2) the exhibits. The agreement describes the general terms of the contract using natural language with no underlying structure. On the other hand, exhibits provide a structured description, still in natural language, about the specific terms of a contract17. The part that we have successfully modeled was “Exhibit A” of the contract under analysis. Nonetheless we have identified that further research and solutions are still required to model the part of the contract agreement due to the complexity of the language used as shown in the following text box.

Performance Credit. (b) Where Percentage Uptime is equal to or less than 99.98%, Subscriber shall be due a Performance Credit in the amount of 10% of the Services Fees [. . . ...] for each full 1% reduction in Percentage Uptime. Contracts are often composed of two parts: 1) the agreement and 2) the exhibits. The agreement describes the general terms of the contract using natural language with no underlying structure. On the other hand, exhibits provide a structured description, still in natural language, about the specific specific terms of a contract17. The part that we have successfully modeled was “Exhibit A” of the contract under analysis. Nonetheless we have identified identified that further research and solutions are still required to model the part of the contract agreement due to the complexity of the language used as shown in the following text box.

Performance Credit. (b) Where Percentage Uptime is equal to or less than 99.98%, Subscriber shall be due a Performance Credit in the amount of 10% of the Services Fees [. . . ...] for each full 1% reduction in Percentage Uptime. Contracts are often composed of two parts: 1) the agreement and 2) the exhibits. The agreement describes the general terms of the contract using natural language with no underlying structure. On the other hand, exhibits provide a structured description, still in natural language, about the specific terms of a contract17. The part that we have successfully modeled was “Exhibit A” of the contract under analysis. Nonetheless we have identified that further research and solutions are still required to model the part of the contract agreement due to the complexity of the language used as shown in the following text box.