Service Credit Deductions definition

Service Credit Deductions means deductions from the Contract Price in accordance with Schedule 5 (Pricing and Payment Mechanism) and Schedule 6 (Performance Management, Contract Delivery Indicators and Management Reporting);
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Examples of Service Credit Deductions in a sentence

  • Service Credit Deductions that arise solely as a result of the occurrence of a Relief Event shall, during the period in which the Relief Event is subsisting, be disregarded for the purposes of the Authority's right to terminate this Contract for Contractor Default.

  • Service Credit Deductions for CDI 1B shall not apply on the Offender Days when Outreach volumes exceed those set out in Appendix 1 to Schedule 5 (Payment and Pricing Mechanism).

  • Nothing in clause 43.3 (Consequences) shall affect any entitlement to make Service Credit Deductions under clause 28 (Payment Provisions) and Schedule 5 (Pricing and Payment Mechanism).

  • Where the Contractor, in relation to CDI Measures 1A, 1B, and 1C (as set out in Appendix B (Contract Delivery Indicators)), fails to meet the associated performance target in any Payment Period then the relevant Service Credit Deductions set out Annex 1 to Appendix B (Contract Delivery Indicators) shall apply and the relevant sums shall be deducted by the Contractor from the Contract Price payable in respect of the Payment Period in which the Contractor has failed to meet the relevant performance targets.

  • Where the Authority accepts the Contractor's assessment of performance as stated in the relevant Performance Report, or following its own assessment in accordance with paragraph 8.4 (Performance Reporting), the provisions of paragraphs 7 (Calculation of Service Credit Deductions) and 12 (Improvement Notices and Improvement Plan) shall apply (as relevant) on the basis of such assessment.

  • Any deductions from the Contract Price as a result of the application of Service Credit Deductions, as described in this paragraph 6 (Authority's Right to Make Deductions), shall be without prejudice to the Authority's other rights or remedies under this Contract.

  • The Authority shall calculate Service Credit Deductions in accordance with this paragraph 7 (Calculation of Service Credit Deductions).

  • If and to the extent that any Outstanding Issues are not resolved in accordance with paragraph 14 (Consultation), the Authority shall notify the Contractor of its final assessment of such performance, and the provisions of paragraphs 7 (Calculation of Service Credit Deductions) and 12 (Improvement Notices and Improvement Plan) shall apply (as relevant) on the basis of such assessment.

  • The Authority shall be entitled to make Service Credit Deductions in accordance with paragraph 7 (Calculation of Service Credit Deductions) where: the Contract Delivery Indicators show performance below the associated target levels (as relevant); and/or there are instances of Reduced Performance.

  • An insurer required to make an electronic filing pursuant to this Part may apply to the superintendent for an exemption from the requirement that the filing be electronic by submitting a written request to the superintendent for approval at least 30 days before the insurer is due to submit to the superintendent the particular filing that is the subject of the request.

Related to Service Credit Deductions

  • Service credit year means an accumulation of months of

  • Service credit month means a full service credit month or an

  • Service Credit means a credit calculated as described in Section 2 and Section 5(a) of this Service Level Agreement.

  • Service Credits means the service credits payable to the Purchaser by the Service Provider in the event that the Service Levels are not met and identified as service credits in the Pricing Schedule.

  • Service Level Credit is defined in Section 8.

  • Credit hour means 50 minutes of classroom instruction in

  • New jobs credit from withholding means the credit as provided in Iowa Code section 260E.5.

  • Unused Revolving Line Facility Fee is defined in Section 2.4(d). [Signature page follows.]

  • Maximum Swingline Amount means $5,000,000.

  • Input Tax Credit means the credit of input tax;

  • Original Applicable Credit Support Percentage With respect to each Class of Subordinate Certificates, the corresponding percentage set forth opposite its Class designation: Class B-1 - 3.10%; Class B-2 - 2.05%; Class B-3 - 1.25%; Class B-4 - 0.80%; Class B-5 - 0.55%; and Class B-6 - 0.35%.

  • Notice of Revolving Credit Advance has the meaning ascribed to it in Section 1.1(a).

  • Committed Revolving Line means a credit extension of up to Two Million Dollars ($2,000,000).

  • Unused Revolving Credit Commitment means, with respect to any Lender at any date of determination, (a) such Lender’s Revolving Credit Commitment at such time minus (b) the sum of (i) the aggregate principal amount of all Revolving Credit Advances, Swing Line Advances and Letter of Credit Advances made by such Lender (in its capacity as a Lender) and outstanding at such time plus (ii) such Lender’s Pro Rata Share of (A) the aggregate Available Amount of all Letters of Credit outstanding at such time, (B) the aggregate principal amount of all Letter of Credit Advances made by the Issuing Banks pursuant to Section 2.03(c) and outstanding at such time and (C) the aggregate principal amount of all Swing Line Advances made by the Swing Line Bank pursuant to Section 2.01(c) and outstanding at such time.

  • Maximum Revolving Credit Amount means $85,000,000.00.

  • Total Revolving Extensions of Credit at any time, the aggregate amount of the Revolving Extensions of Credit of the Revolving Lenders outstanding at such time.

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

  • Unused Revolving Credit Commitments means, at any time, the difference between the Revolving Credit Commitments then in effect and the aggregate outstanding principal amount of Revolving Loans and L/C Obligations.

  • Facility Production Limit means the production limit placed on the main product(s) or raw materials used by the Facility that represents the design capacity of the Facility and assists in the definition of the operations approved by the Director.

  • Incremental Revolving Facility Lender means a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Loan.

  • Specified Existing Revolving Credit Commitment shall have the meaning provided in Section 2.14(g)(ii).

  • Administrative Agent’s Account means, for each Currency, an account in respect of such Currency designated by the Administrative Agent in a notice to the Borrower and the Lenders.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Revolving Administrative Agent means the administrative agent under the Revolving Credit Agreement.

  • Revolving Credit Termination Date means the earlier to occur of (i) the Current Termination Date then in effect and (ii) the date of termination in whole of the Commitments pursuant to Section 2.05(a) or 6.01.

  • Additional Revolving Credit Commitments means any revolving credit commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(ii).