Common use of Problem Severity Level Clause in Contracts

Problem Severity Level. 3 – 4. (1) Where Percentage Problem Resolution is greater than 90.00%, no Performance Credit will be due to SVCE. (2) Where Percentage Problem Resolution is equal to or less than 90.00%, SVCE shall be due a Performance Credit in the amount of 1% of the Services Fees (as calculated on a monthly basis for the reporting month) for each full 1% reduction in Percentage Problem Resolution.

Appears in 2 contracts

Sources: Software as a Service Agreement, Master Agreement