Controllable Completion Factor definition

Controllable Completion Factor means, for any period of determination, the number of actual departures completed divided by the number of scheduled departures, excluding Uncontrollable Cancellations.
Controllable Completion Factor shall have the meaning set forth in Section 7(d) hereof. CRS shall mean a computer reservations system. DOT shall mean the U.S. Department of Transportation or its successor governmental agency. Effective Date shall have the meaning set forth in Section 18 hereof. FAA shall mean the U.S. Federal Aviation Administration or its successor governmental agency. Force Majeure Events shall have the meaning set forth in Section 19 hereof. ICCI shall have the meaning set forth in Section 4(a) hereof. Information shall have the meaning set forth in Section 25 hereof. Local Market Service shall mean service provided to passengers or shippers whose flight itineraries include only flights operated by Gulfstream. Marks shall have the meaning set forth in Section 16 hereof.
Controllable Completion Factor means for each calendar month during the Term the quotient (expressed as a percentage) equal to the number of actual departures divided by the number of scheduled departures, excluding in both the numerator and the denominator any flights canceled as a result of weather, Air Traffic Control, or no revenue passengers booked for the round trip flight. At a minimum, however, Gulfstream shall maintain on a monthly basis a Controllable Completion Factor of at least ninety percent (90%) (the “Minimum Controllable Completion Factor”), and Northwest shall be entitled to terminate this Agreement pursuant to Section 18(b)(iii) hereof in the event Gulfstream fails to achieve a Minimum Controllable Completion Factor of at least ninety percent (90%) for any six (6) month period during the Term.

Examples of Controllable Completion Factor in a sentence

  • At a minimum, however, Gulfstream shall maintain on a monthly basis a Controllable Completion Factor of at least ninety percent (90%) (the “Minimum Controllable Completion Factor”), and Northwest shall be entitled to terminate this Agreement pursuant to Section 18(b)(iii) hereof in the event Gulfstream fails to achieve a Minimum Controllable Completion Factor of at least ninety percent (90%) for any six (6) month period during the Term.

  • In the event RAI meets or exceeds the Bonus Threshold for Controllable Completion Factor Percentage in any month, Frontier will pay RAI a bonus of [*].

  • Should RAI fall below the Penalty Threshold for Controllable Completion Factor Percentage in any month, RAI shall pay Frontier, for each percentage point (rounded to the next highest full percentage in all cases) below the Penalty Threshold, a penalty of [***] for the first month, [***] for the second consecutive month, [***] for the third consecutive month, and [***] for the fourth consecutive month and each consecutive month thereafter that the Penalty Threshold is not met.

  • The Controllable Completion Factor and the On Time Performance measures shall be weighted [***].

  • Appendix 2 to Schedule 3 Controllable Completion Factor Incentives and Rebates "Controllable Completion Factor Incentive Rate" shall be $[CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT], as adjusted pursuant to Section 3.02 of this Agreement.

  • Controllable Completion Factor, which excludes cancellations driven by weather and other events outside of the airline’s control has also compares well in 2016.

  • A key attribute for any successful airline is service reliability, which is typically measures by three statistics: Completion Factor (percentage of flights completed); Controllable Completion Factor (percentage of flights completed excluding cancellations outside of the direct control of the airline) and On-Time Performance (percentage of flight arriving within 14 minutes of schedule).

  • In the event RAI meets or exceeds the Bonus Threshold for Controllable Completion Factor Percentage in any month, Frontier will pay RAI a bonus of [***].

  • The bonus or rebate/offset, as the case may be, for completion factor shall be determined as follows: Beginning each month or partial month after the 12th Covered Aircraft is place in service, the percentage of RAI’s Controllable Completion Factor Percentage will be measured for each Scheduled Flight as soon as practicable following the end of each calendar month of operation.

  • Silver maintains a very high goal of achieving Controllable Completion Factor of 99% or better.

Related to Controllable Completion Factor

  • project completion period means the period of sixty (60) months commencing from and expiring on for the construction and obtaining of Temporary Occupation Permit or Permits for the whole of the Development as provided in clause 3.3;

  • Completion Rate means the percentage of an apprenticeship cohort who receives a certificate of apprenticeship completion within 1 year of the projected completion date. An apprenticeship cohort is the group of individual apprentices registered to a specific program during a 1 year time frame, except that a cohort does not include the apprentices whose apprenticeship agreement has been cancelled during the probationary period or who have transferred.

  • Final Completion Date means the date on which Final Completion occurs.

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • Controllable Operating Expenses means those Project Operating Expenses for which increases are reasonably within the control of Landlord, and shall specifically not include, without limitation, Taxes, assessments, refuse and or trash removal, insurance, collectively bargained union wages, electricity and other utilities. There shall be no limitation on the amount of increase from year to year on Project Operating Expenses which are not Controllable Operating Expenses.

  • Controllable Expenses means all expenses, other than Uncontrollable Expenses, incurred by the Company or any Subsidiary of the Company with respect to the Property.

  • Construction Period means the period commencing from the Appointed Date and ending on the date of the Completion Certificate;

  • Final Completion means the date determined and certified by A/E and Owner on which the Work is fully and satisfactorily complete in accordance with the Contract.

  • Cost Share means the member’s financial obligation for a covered service. Depending on the plan type, cost-share may include one or more of the following: deductible, copay, access fee, coinsurance, pharmacy deductible, and precertification charges.

  • Construction Completion Date means the date by which the overall development of the Project is completed in accordance with the provisions of this Agreement and when the Construction Completion Certificate is issued by the Independent Engineer as per Article 14.1.

  • Scheduled Project Completion Date shall have the meaning specified in Section 6.3 (c);

  • Substantial Completion Date means the date on which Substantial Completion occurs.

  • Target Completion Date has the meaning given such term in Section 3.3(b).

  • Uncontrollable Force means any cause beyond the control of the Borrower, including:

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Expansion Factor has the meaning ascribed thereto in Section 2.3(a);

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Project Completion means completion of the Redevelopment in accordance with this Agreement to the state where the whole of the Morley Shopping Centre, as so redeveloped, is capable of occupation for its intended purpose;

  • Project Expenses means usual and customary operating and financial costs. The term does not include extraordinary capital expenses, development fees and other non-operating expenses.

  • Inflation Factor means a number determined for each tax year by dividing the consumer price index for June of the tax year by the consumer price index for June 2005.

  • AMPS Basic Maintenance Amount, as of any Valuation Date, means the dollar amount equal to (i) the sum of (A) the product of the number of shares of AMPS and Other AMPS Outstanding on such Valuation Date multiplied by the sum of (a) $25,000 and (b) any applicable redemption premium attributable to the designation of a Premium Call Period; (B) the aggregate amount of cash dividends (whether or not earned or declared) that will have accumulated for each share of AMPS and Other AMPS Outstanding, in each case, to (but not including) the end of the current Dividend Period that follows such Valuation Date in the event the then current Dividend Period will end within 49 calendar days of such Valuation Date or

  • Uncontrollable Forces means any event which results in the prevention or delay of performance by a party of its obligations under this Agreement and which is beyond the reasonable control of the nonperforming party. It includes, but is not limited to fire, flood, earthquakes, storms, lightning, epidemic, war, riot, civil disturbance, sabotage, and governmental actions.

  • Project Year means the 12 month period beginning from the Effective Date and ending 12 months thereafter and each successive 12 month period following thereafter;

  • Completion Period means the period starting from the date of issue of "Order" and required to complete the work in all respect.

  • Required Reserve Factor Floor means, for any month, the sum (expressed as a percentage) of (i) 19.55% plus (ii) the product of the Adjusted Dilution Ratio and the Dilution Horizon Ratio, in each case, as of the immediately preceding Cut-Off Date.

  • Material Project EBITDA Adjustments means, with respect to each Material Project: