Hours Cap definition

Hours Cap shall have the meaning set forth in Section 5.1(a).
View Source
Hours Cap is defined in Schedule 4.
View Source

Examples of Hours Cap in a sentence

  • Any out-of-scope labor beyond the Hours Cap will incur at the rate laid forth in Exhibit B.

  • Seller shall obtain and maintain such authorizations, certificates and approvals as may be required from the Federal Energy Regulatory Commission (“FERC”) as may be required for Seller to make wholesale electricity sales to Buyer at the rates and on the terms set forth under this Agreement, which Seller acknowledges is a market-based rate.

  • Emergent shall neither have any obligation to provide nor have any right to charge for such Services above such Annual Services Work Hours Cap without the prior written consent of Aptevo.

  • Notwithstanding any such dispute, Company shall timely pay all charges for System Services within the Hours Cap, subject to correction for manifest error.

  • Services within the Hours Cap as a condition to Provider's obligations under this Section 13.2 and no election to extend shall be effective unless accompanied by Company's payment in full of all then unpaid invoices notwithstanding any disputes, provided that Company may reserve its rights with respect to such disputes.

  • If Company disputes in good faith any invoiced amounts for charges other than for charges for System Services within the Hours Cap, Company may withhold payment of particular charges that Company disputes provided that Company delivers to Provider concurrently with the withholding of the disputed charges a reasonably detailed written explanation of the basis of the dispute.

  • During the Consulting Period, the Company shall pay the Executive a cash hourly rate for each hour worked up to the Hours Cap, with such hourly rate derived by dividing the Executive’s final base salary rate by 2,080.

  • Requires quote and approval Hours Cap: 30 hours per week for the first month, and 20 hours per week for the subsequent months, which does not roll over month to month.

  • WYETH and its Affiliates shall [* * *] to provide any additional Tech Transfer Services once the Tech Transfer Hours Cap has been met, [* * *].

  • If Customer consumes more Created Hours during the term than the Created Hours Cap, Customer will owe Panopto overage charges applied in increments of $1,000 for every 4,000 Created Hours over the Created Hours Cap.

Related to Hours Cap

  • Hours worked means the time during which an employee is subject to the control of an employer, and includes all the time the employee is suffered or permitted to work, whether or not required to do so.

  • Hours of Service means hours to be credited to an Employee under the following rules:

  • Step-Down Amount means, with respect to any Distribution Date, the excess, if any, of (x) the Required Pro Forma Note Balance over (y) the Pro Forma Note Balance on such Distribution Date, calculated for this purpose only without deduction for any Step-Down Amount (i.e., assuming that the entire amount described in clause (x) of the definition of “Principal Distributable Amount” is distributed as principal on the Notes); provided, however, that the Step-Down Amount in no event may exceed the amount that would reduce the positive difference, if any, of (i) the Pool Balance minus (ii) the Pro Forma Note Balance, to an amount less than 0.50% of the initial aggregate principal balance of the Receivables.

  • Minimum Weighted Average Spread Test means a test that will be satisfied on any date of determination if the Weighted Average Spread of all Eligible Collateral Obligations included in the Collateral on such day is equal to or greater than 5.25%.

  • Minimum Level (ML) means the concentration at which the entire analytical system must give a recognizable signal and an acceptable calibration point. The ML is the concentration in a sample that is equivalent to the concentration of the lowest calibration standard analyzed by a specific analytical procedure, assuming that all the method-specified sample weights, volumes and processing steps have been followed.