On-Time Delivery Rate definition
On-Time Delivery Rate shall be the percentage of deliveries delivered on-time as calculated each month according to the following formula: OTD = (TD – R)/TD
On-Time Delivery Rate means [ * ]
On-Time Delivery Rate means an amount, expressed as a percentage, calculated by dividing the number of deliveries made by McLane within the Accepted Delivery Window(s) by the total number of deliveries made by McLane. “Accepted Delivery Window” means the period of time commencing two hours before the applicable Appointment Time and ending two hours after the applicable Appointment Time, and “Appointment Time” means the time of day that McLane is scheduled to deliver product to the Store, as scheduled in advance by ▇▇▇▇▇▇. ▇▇▇▇▇▇ shall maintain a total On-Time Delivery Rate of at least [***]. The parties shall conduct joint reviews every four weeks to analyze ▇▇▇▇▇▇’▇ Service Level performance. If McLane fails to meet one or more of the foregoing Service Levels set forth in subsections (a), (b) and (c) above in any period, The Pantry may notify McLane in writing setting forth the details of any such failure. If McLane fails to bring the required Service Level back into _____________________ [***] Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been filed separately with the Commission. compliance during the immediately succeeding eight-week period, The Pantry may require all deliveries to be made in delivery windows of [***], as of ▇▇▇▇▇▇’▇ next reroute date. In no event shall McLane be penalized or otherwise accountable for any non-performance due to force majeure, manufacturer outs or other production failures, Store mis-orders, or The Pantry new-item forecasting errors.
More Definitions of On-Time Delivery Rate
On-Time Delivery Rate means, for a given [ * ], the [ * ]. This rate is expressed as a percentage.