Latent Event definition
Latent Event means an event where the following calculation results in a time difference of 61 seconds or greater: API posting timestamp - registered event timestamp. If the Monthly Latency Percentage is greater than 1%, Customer will be entitled to a credit equal to the Monthly Service Fees multiplied by the Monthly Latency Percentage.
Examples of Latent Event in a sentence
The Service Level measurements set forth in the table above do not include any Latent Event or API Downtime caused by planned or scheduled maintenance.
To the knowledge of the Guarantor, no Event of Default or Latent Event of Default has occurred.