Volume Reduction Date definition

Volume Reduction Date means the date on which either (i) the number of Dedicated FTEs used by PROVIDER to perform the Services for CUSTOMER and its Affiliates under all of the MOAs, or (ii) the annualized Customer-Controllable Revenues relating to Dedicated FTEs performing Services for CUSTOMER and its Affiliates under all of the MOAs are less than fifty percent (50%) of the Baseline FTEs or Baseline Customer-Controllable Revenues, respectively. GE Property & Casualty Insurance Company GE Casualty Insurance Company GE Indemnity Insurance Company GE Auto & Home Assurance Company Bayside Casualty Insurance Company This Project Specific Agreement (“PSA”) is entered into on , 200 by [NAME] (hereafter “CUSTOMER”) and [GE Capital International Services] (hereafter “PROVIDER”).
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Examples of Volume Reduction Date in a sentence

  • PROVIDER shall notify CUSTOMER of the potential occurrence of the Volume Reduction Date.

  • If, within ten (10) days of its receipt of such notice, CUSTOMER notifies PROVIDER of its intent to increase the volume of Services consumed by CUSTOMER such that the level of Dedicated FTEs or Customer-Controllable Revenues, as applicable, increases above the fifty percent (50%) threshold, and does so increase such volume within sixty (60) days of receipt of such notice, then the Volume Reduction Date shall not be deemed to have occurred.

  • If, within 10 days of its receipt of such notice, Genworth notifies GECIS of its intent to increase the volume of services consumed by Genworth above the 50% threshold, and does so increase such volume within 60 days, then the Volume Reduction Date shall not be deemed to have occurred.

  • GECIS shall notify Genworth of the potential occurrence of the Volume Reduction Date.