Assigned Service definition
Examples of Assigned Service in a sentence
Assigned Service Agreements the Service Agreements identified as ‘Assigned Service Agreements’ in Schedule 15.
Following such notification, Buyer shall permit the Customer to terminate the applicable Contract upon (i) the expiration of a thirty (30) day notice period and (ii) the payment to Buyer of an amount equal to the Net Book Value of the applicable Transaction as of the date of termination, plus the Penalty for Early Termination, plus the Repurchase Price of any remaining Assigned Service Payments related thereto.
Upon any termination of a Contract hereunder and provided that Buyer has received the Net Book Value of the applicable Transaction determined as of the date of termination plus the Penalty for Early Termination plus the Repurchase Price with respect to any remaining Assigned Service Payments related thereto, Omnicell shall have the option to purchase the Equipment from Buyer on an “as-is where-is” basis for One Dollar ($1.00).
If for any reason Buyer rejects funding of the new Transaction involving an Extension and/or Upgrade then Buyer shall notify Omnicell of the decline, and Buyer shall permit the Customer to terminate the original Transaction(s) without penalty, upon Customer’s payment to Buyer of the then current Net Book Value of such original Transaction, together with payment by Omnicell of the Repurchase Price with respect to any remaining Assigned Service Payments related thereto.
Notwithstanding anything in this Agreement to the contrary, Omnicell shall not be required to repurchase any Assigned Rental Payments or Assigned Service Payments under any Transaction, which Assigned Rental Payments or Assigned Service Payments Buyer is unable to collect due to the insolvency, bankruptcy, or financial inability to pay of any Customer.
The following penalties will be assessed when Assigned Service Area Response Time compliance for Code 2 Call or Code 3 Call transports fall below 90% for any given month: 89% $7,000 88% $9,000 87% $10,000 86% $11,000 85% $12,000 Each Code 3 Response Time exceeding twelve (12) minutes will be assessed a non-performance penalty of one thousand dollars ($1,000).
Assigned Service Credit 1% 2 Help Desk Response Times EXAMPLE Percentage of calls answered within 15 minutes Assigned Service Credit .75% 3 Availability of United Net Connect Service EXAMPLE At least 99.0% at all times.
Assignee assumes and agrees to perform the obligations of Assignor under the Assigned Service Agreements on and after the date hereof.
From and after the expiration of the Due Diligence Period, Seller will use commercially reasonable efforts to provide any notice of assignment, and to obtain any counterparty consent, that may be required under the terms of an Assigned Service Contract.
If Buyer fails to deliver the Contracts Notice on or before the Contract Notice Date, no Service Contracts will be Assigned Service Contracts.