Fault Rate definition

Fault Rate means the ratio (expressed in percentage value) between the number of Goods found defective or non-conforming according to Article 6 and the total number of Goods delivered to Purchaser by Supplier under the Purchase Order to which such Products found defective pertain;
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Fault Rate means the number of Faults resolved during a Quarter divided by the total number of "in service" Leased Circuits at the end of that Quarter and then multiplied by 4 to obtain an annual figure. Fault Reported to Sure means a Fault reported by Telco to Sure in accordance with section 3.8.
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Examples of Fault Rate in a sentence

  • The two quality-related metrics employed by ZFSS are: • Fault Rate (“FR”) as measured in defective Parts per million (“ppm”) • Quality Occurrences, as measured in a monthly Score Card B.

Related to Fault Rate

  • Default Rate means an interest rate equal to (a) the Base Rate plus (b) the Applicable Rate, if any, applicable to Base Rate Loans plus (c) 2% per annum; provided, however, that with respect to a Eurodollar Rate Loan, the Default Rate shall be an interest rate equal to the interest rate (including any Applicable Rate) otherwise applicable to such Loan plus 2% per annum, in each case to the fullest extent permitted by applicable Laws.

  • Post-Default Rate means, (a) in respect of any principal of any Loan or any Reimbursement Obligation, the rate otherwise applicable plus an additional two percent (2.0%) per annum, and (b) with respect to any other Obligation, a rate per annum equal to the Base Rate as in effect from time to time plus the Applicable Margin for Base Rate Loans plus two percent (2.0%).

  • Default Rate of Interest means a rate of interest per annum on any Obligations hereunder, equal to the sum of: (a) two percent (2%) and (b) the applicable increment over the Base Rate (as set forth in paragraph 8.1 hereof) plus the Base Rate, which the Lender shall be entitled to charge the Companies on all Obligations due the Lender by the Companies, as further set forth in Paragraph 10.2 of Section 10 of this Financing Agreement.

  • Default Ratio means, as of any Cut-Off Date, the ratio (expressed as a percentage) computed by dividing (a) the total amount of Pool Receivables which became Defaulted Receivables during the Calculation Period that includes such Cut-Off Date, by (b) the aggregate sales generated by the Originators during the Calculation Period occurring four (4) months prior to the Calculation Period ending on such Cut-Off Date.

  • Default Rate Interest is defined in Section 3.1(b)(ix) of this Agreement.