Proportionate Reduction. The general provisions of Danish law on proportionate reduction apply. In calculating the relevant depreciation equivalent to the reduction, regard must be had to the useful value that is not available to the Customer as a result of the Fault. For matters giving rise to the payment of a penalty, a proportionate reduction may only be claimed where the Customer documents a depreciation in excess of the penalty paid.
Appears in 2 contracts
Sources: Contract for the Supply of Equipment and Services, Standard Contract for Long Term It Project
Proportionate Reduction. The general provisions of Danish law on proportionate reduction apply. In calculating the relevant depreciation equivalent to the reduction, regard must be had to the useful value that is not available to the Customer as a result of the Fault. For matters giving rise to the payment of a penalty, a proportionate reduction may only be claimed where the Customer documents a depreciation in excess of the penalty paid.
Appears in 1 contract