Critical Service Level Default definition

Critical Service Level Default means a Service Level Default with respect to a Critical Service Level.
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Critical Service Level Default has the meaning given to it in Schedule 2, Exhibit C;
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Critical Service Level Default means, with regard to any Critical Service Level, First Data’s failure to perform at a level that meets the corresponding Critical Service Level during any particular Measurement Period.
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Examples of Critical Service Level Default in a sentence

  • For each Critical Service Level Default, First Data shall promptly notify RCSI of such failure.

  • The Service Level Credit for any Critical Service Level Default during a calendar month shall be calculated in accordance with the following formula: Service Level Credit = * Where: * = the applicable Weighting Factor; and * = the Amount at Risk for such month.

  • The Committee may, in its sole discretion, elect to pay cash or part cash and part Stock in lieu of delivering only Stock for Restricted Units.

  • Service Level Credits shall begin to accrue with respect to any Critical Service Level Default occurring after the date that IBM begins to process Solectron purchase requests through the P2P Platform.

  • Any damages recovered by Solectron with respect to a particular Critical Service Level Default shall be reduced by an amount equal to any Service Level Credits issued by IBM to Solectron for such Critical Service Level Default.

  • This section sets forth the method to be used to calculate the credits that shall be issued by IBM to Solectron (“Service Level Credit”) in the event of a Critical Service Level Default or an insufficient score on the Management Survey.

  • In the event of a Critical Service Level Default in any given month, Supplier shall issue CoreLogic a Service Level Credit in accordance with Section 5.2. Supplier’s required level of performance associated with each Critical Service Level is set forth in Schedule A-3.1.


More Definitions of Critical Service Level Default

Critical Service Level Default means a failure by Supplier to meet the specified Service Level target for a Critical Service Level.
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Critical Service Level Default shall have the meaning set forth in Section 5.1(b).
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Critical Service Level Default shall be deemed to occur whenever Supplier’s level of performance for a particular Critical Service Level fails to meet or exceed the level performance specified in Schedule A-3.1 for such Critical Service Level in a given month.
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Related to Critical Service Level Default

  • Service Level means the standard set forth below by which IBM measures the level of service it provides in this SLA.

  • Service Level Failure means a failure to perform the Software Support Services fully in compliance with the Support Service Level Requirements.

  • Contractor Default shall have the meaning set forth in Clause 23.1;

  • Service Levels means the service levels to be met by the Services as referenced in the Contract Letter and set out in the Specification Schedule.

  • Service Level Agreement or SLA means the processes, deliverables, key performance indicators and performance standards relating to the Services to be provided by the Service Provider;

  • Service Level Agreement (SLA means the Contractual Commitment that prevails between the Buyer and the Service Provider with regard to type of service to be provided, deliverables, desired performance level, reliability and responsiveness, monitoring process and service level reporting, response and issue resolution time-frame, repercussions / penalties / remedies for service provider not meeting its commitment. The SLA of a particular contract may carry the matrix regarding the delivery of the goods and/or services and the corresponding penalties or remedies and liquidated damages as applicable.

  • Service Level Credit is defined in Section 8.

  • Service Level Standards has the meaning ascribed thereto in Section 2.1 hereof.

  • Customer Default has the meaning set out in clause 8.3.

  • Service Level Agreements means an agreement between NZX and a Market Participant and/or an Advisor setting out the terms and conditions of use of NZX technology and services;

  • Critical Path means those Trade Contractor Work activities identified on the Construction Schedule which, if delayed, will cause a corresponding Delay in the Substantial Completion Date.

  • Critical Illness means an illness, sickness or disease or corrective measure as specified in Section 6 of this policy document.

  • Excused Downtime means the number of minutes in the Charging Period, rounded to the nearest minute that the link state of Customer’s Port is ‘down’ due to:

  • Payment Initiation Service Provider or “PISP” means an authorised third party provider which provides a service that allows that third party to pass payment instructions to us on your behalf in relation to your Account.

  • Critical Test Concentration or "(CTC)" means the specified effluent dilution at which the Permittee is to conduct a single-concentration Aquatic Toxicity Test.

  • Operationally critical support ’ means supplies or services designated by the Government as critical for airlift, sealift, intermodal transportation services, or logistical support that is essential to the mobilization, deployment, or sustainment of the Armed Forces in a contingency operation.

  • Network Termination Point (NTP) means the physical point at which a subscriber is provided with access to a public communications network; in the case of networks involving switching or routing, the NTP is identified by means of a specific network address, which may be linked to a subscriber number or name;

  • Critical control point means a point, step, or procedure in a food proc- ess at which control can be applied, and a food safety hazard can as a result be prevented, eliminated, or reduced to acceptable levels.

  • Minor Default means any Event of Default that is not a Major Default.

  • PJM Region Reliability Requirement means, for purposes of the Base Residual Auction, the Forecast Pool Requirement multiplied by the Preliminary PJM Region Peak Load Forecast, less the sum of all Preliminary Unforced Capacity Obligations of FRR Entities in the PJM Region; and, for purposes of the Incremental Auctions, the Forecast Pool Requirement multiplied by the updated PJM Region Peak Load Forecast, less the sum of all updated Unforced Capacity Obligations of FRR Entities in the PJM Region.

  • State Level Monitoring Cell means the body constituted by the State Government for the control and elimination of ragging in institutions within the jurisdiction of the State, established under a State Law or on the advice of the Central Government, as the case may be.

  • Project Milestone means the project milestone set forth in Schedule-J;

  • Account Information Service Provider means a payment service provider pursuing business activities as referred to in point (8) of Annex I;

  • Repeat compliance period means any subsequent compliance period after the initial compliance period.

  • major non-compliance outcome notification means a notification received by a council under section 19N(3) or (4) of the Food Act 1984, or advice given to council by an authorized officer under that Act, of a deficiency that does not pose an immediate serious threat to public health but may do so if no remedial action is taken

  • Service Type means the customer class, partial customer class and/or group of customer classes, as set forth in a Transaction Confirmation.