Common use of Service Availability Credit Clause in Contracts

Service Availability Credit. If Service Availability under Your Account for any calendar month falls below the level set forth in Section 3, Company will issue a credit (“Service Availability Credit”) in accordance with the following schedule: 99.991% to Service Availability Percentage Set Forth Above 2% of monthly fee credited 99.0% to 99.99% 5% of monthly fee credited 98.0% to 98.99% 10% of monthly fee credited 95.0% to 97.99% 15% of monthly fee credited 94.99% or below 2.5% credited for every 1% of lost availability up to the maximum total penalty limit

Appears in 2 contracts

Sources: Service Level Agreement, Service Level Agreement