Performance Failure means any failure of the Fund Manager, administrator and/or the custodian (and/or other relevant service provider, as determined by the Calculation Agent) of a Fund to perform any of its material obligations under the Fund Rules or the liquidation, termination of appointment or resignation of the Fund Manager, administrator, custodian and/or a relevant service provider of such Fund;
Performance Failure shall have the meaning as set forth in Section 2.03(b)(i)(1).
Performance Failure in transaction processing means performance in the “overall” category that is below the Standard Performance level. “Performance Failure” in telephone service quality means performance in any two of the three measured categories that is below the Standard Performance level.
Examples of Performance Failure in a sentence
If at the time of Manager’s exercise of a renewal period with respect to a Hotel, such Hotel is within a Performance Cure Period, the exercise of such renewal period shall be conditional upon timely cure of the Performance Failure, and if such Performance Failure is not timely cured, then, notwithstanding the foregoing provisions, Lessee may elect to terminate this Agreement with respect to such Hotel pursuant to the terms of this Section 2.03(b) without payment of any termination fee.
More Definitions of Performance Failure
Performance Failure has the meaning given in Section 1 of Schedule Part 14 (Payment Mechanism);
Performance Failure has the meaning set forth in Section 18.3(A).
Performance Failure means performance during a particular quarter in a particular transaction processing category or telephone service quality categories that is below the Standard Performance level.
Performance Failure a KPI Failure or a PI Failure; “Performance Indicators” the Key Performance Indicators and the Subsidiary Performance Indicators;
Performance Failure means any disruption, degradation, or failure of Service, including without limitation any Interruption (but excluding Scheduled Interruptions), any installation failure or delay, or any mistake, delay, omission, error or other defect in the Service or in the provision thereof.
Performance Failure in the Call Center will be based on any two of the three measured categories.
Performance Failure subject to Section 4 (Temporary Repairs) of this Schedule Part 14 (Payment Mechanism), means a Service Event relating to a Performance Standard which has not been Rectified within the relevant Rectification Period (if any);