Minimum Utilization Rate definition

Minimum Utilization Rate means (a) from the Closing Date until the date that is nine (9) months after the Closing Date, 0% per annum and (b) from and at all times after the date that is nine (9) months after the Closing Date, 2.95% per annum.
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Minimum Utilization Rate or “MUR” means the minimum average usage and demand for each Fleet Vehicle averaged across the Dockless Scooter System for the month. The MUR under this Agreement is two (2) rides per day.
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Minimum Utilization Rate. (MUR) means the minimum average number of daily rides per device calculated by dividing the sum of total daily rides within City over a 7-day period by the total devices. For Dynamic Capping purposes, the MUR for Electric Scooters is three (3) rides per day per device for expansion.
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Examples of Minimum Utilization Rate in a sentence

  • Exhibit “D” Minimum Utilization Rate minimum criteria for ANC and FAI.

  • Except in the case of withdrawal of Preferential Use Premises for failure to maintain the Minimum Utilization Rate under Section 4.04.D, if it is necessary to relocate AIRLINE in whole or in part to facilitate such objectives, DOT&PF will furnish AIRLINE written notice sixty (60) days in advance.

  • In the event DOT&PF decides not to reduce AIRLINE’s Preferential Use Premises despite AIRLINE’s failure to maintain the Minimum Utilization Rate, then AIRLINE shall continue to lease all of its Preferential Use Premises for the balance of the term of this Agreement, subject only to adjustment based upon a subsequent utilization review under this paragraph.

  • However, DOT&PF may, in its sole discretion, reduce the preferential use premises of any Signatory Airline, including AIRLINE that has failed to maintain an applicable Minimum Utilization Rate.

  • If DOT&PF has no pending demand for use of a preferential use premises, does not expect such demand before the next rate review, and determines that federal competition planning principles do not oblige DOT&PF otherwise, DOT&PF does not intend unilaterally to reduce the preferential use premises of any Signatory Airline, including AIRLINE, despite its failure to maintain the Minimum Utilization Rate.

  • An Operator may add devices to its fleet upon request to and approval by the University when the operator can demonstrate with device and utilization data that the average ridership exceeds the Minimum Utilization Rate (MUR) of three (3) rides per day for e-bikes and four (4) rides per day for e-scooters.

  • Such reduction must be not more than reasonably proportional to the percentage of AIRLINE’s Adjacent Aircraft Parking Positions with respect to which AIRLINE failed to maintain the Minimum Utilization Rate.

  • In the event that DOT&PF decides to reduce AIRLINE’s Preferential Use Premises, if any, due to AIRLINE’s failure to maintain the Minimum Utilization Rate, DOT&PF shall provide not less than thirty (30) days written notice to AIRLINE stating the amount of reduction in AIRLINE’s Preferential Use Premises.

  • DOT&PF must, within two (2) months of the date of any utilization review under this Section, send notice of any decision to reduce AIRLINE’s Preferential Use Premises due to AIRLINE’s failure to maintain the Minimum Utilization Rate.

  • If DOT&PF expects to experience demand for use of preferential use premises before the next rate review, DOT&PF may reduce the preferential use premises of a Signatory Airline, including AIRLINE, that fails to maintain the Minimum Utilization Rate for the premises, but allow that airline to remain in occupancy under an Airport Administered Premises permit at the lower Terminal Rental Rate until any such demand arises.


More Definitions of Minimum Utilization Rate

Minimum Utilization Rate means that level of average use of one or more Adjacent Aircraft Parking Positions that an AIRLINE must have maintained to be entitled to continue to lease the terminal facilities associated with those Adjacent Aircraft Parking Position(s) as Preferential Use Premises after utilization review under Article 4 of this Agreement. The applicable Minimum Utilization Rate is stated as a number of seats over a twelve (12)-month period on combined Signatory Airline and its Affiliated Airline aircraft using each Adjacent Aircraft Parking Position grouped by, for example, maximum type, size, or seating capacity of aircraft permitted as described for each Airport in the attached Exhibit “D”.
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Minimum Utilization Rate means the minimum number of Flight Hours per Aircraft Customer expects to be flown (on average) in a calendar year. The Minimum Utilization Rate is stated in 100-hour increments and determines the Flight Hour Hourly Charge applicable for such year. The Minimum Utilization Rate at the commencement of this Agreement is specified in Article I and is subject to adjustment at the beginning of each calendar year pursuant to Article V, paragraph 7.
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