Failure Period definition

Failure Period has the meaning set forth in Section 2.3.
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Failure Period means the total amount of time in which failures occurred during a given monthly period while the Customer is using single server or high availability support option. However, failures that are not subject to this SLA are not counted towards the period.
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Failure Period means, where the Failure is:
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Examples of Failure Period in a sentence

  • Additional Interest will accrue at a rate per annum equal to 0.25% for the first 90 days of any Failure Period and thereafter at a rate per annum equal to 0.50%.


More Definitions of Failure Period

Failure Period means the period from the Relevant Date to the date the Supplier is notified or discovers that the Odometer has a fault or is not working properly;
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Failure Period means the total amount of time in which failures occurred during a given monthly period. However, failures that are not subject to this SLA are not counted towards the period. • Monthly Uptime Percentage is calculated as follows: 100 ⅹ {1 – (the total number of minutes during which failures occurred) / (the total number of minutes in a given monthly period)} • Monthly Fee means the total fee actually paid by the Customer to the Company for the Service in a given monthly period that the Failure occurred. If, however, fees are charged separately for each Project, Study, Run, and Node, the Monthly Fee is the amount the Customer actually pays for the Project, Study, Run, or Node in which the failure occurred. Service Credits Monthly Uptime Percentage Service Credit Percentage Less than 99.95% but greater than or equal to 99.0% 10% Less than 99.0% but greater than or equal to 95% 25% Less than 95.0% 100%
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Related to Failure Period

  • Cure Period means the period specified in this Agreement for curing any breach or default of any provision of this Agreement by the Party responsible for such breach or default and shall:

  • Public Information Failure Payments shall have the meaning ascribed to such term in Section 4.3(b).

  • GEP Failure means Seller’s failure to produce Delivered Energy in an amount equal to or greater than the Guaranteed Energy Production amount for the applicable Performance Measurement Period.

  • Observation Period means, in respect of an Interest Period, the period from, and including, the date falling "p" London Banking Days prior to the first day of such Interest Period (and the first Interest Period shall begin on and include the Interest Commencement Date) and ending on, but excluding, the date which is p London Banking Days prior to the Interest Payment Date for such Interest Period (or the date falling p London Banking Days prior to such earlier date, if any, on which the Notes become due and payable);

  • Notice Period has the meaning set forth in Section 5.09(e).

  • Public Information Failure shall have the meaning ascribed to such term in Section 4.3(b).