Percentage Deduction definition

Percentage Deduction. = the sum of all percentage points accumulated for failing to meet one or more Service Levels for a Service Period. If no further Charges fall due after Service Credits accrue, the Supplier shall issue a credit note to the Contracting Body for a sum equal to any such Service Credits then outstanding which shall be repayable by the Supplier to the Contracting Body as a debt. FRAMEWORK SCHEDULE 4: order form & call-off terms Order Form Call-Off Terms FRAMEWORK SCHEDULE 5: ordering procedure Award Procedure If the Authority or any Other Contracting Body decides to source the Services through this Framework Agreement then it will award its Services Requirements in accordance with the procedure in this Framework Schedule 5 (Ordering Procedure) and the requirements of the Regulations and the Guidance. If a Contracting Body can determine that: its Services Requirements can be met by the Framework Supplier's catalogue of the Services as set out in Framework Schedule 1 (Services); the Framework Supplier provides the most economically advantageous solution in respect of the Contracting Body's Services Requirements; and all of the terms of the proposed contract are laid down in this Framework Agreement and the Call-Off Terms do not require amendment or any supplementary terms and conditions; then the Contracting Body may place an Order in accordance with the Direct Ordering Procedure set out in paragraph 2 below. If all of the terms of the proposed contract are not laid down in this Framework Agreement and a Contracting Body: requires the Supplier to develop proposals or a solution in respect of such Contracting Body's Services Requirements; and/or needs to amend or refine the Call-Off Terms to reflect its Services Requirements to the extent permitted by and in accordance with the Regulations and Guidance; then the Contracting Body shall place an Order in accordance with the procedures set out in paragraph 3 below.
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Percentage Deduction means the percentage of Defined Receipts set forth in the Contingent Bonus Formula as the First Deduction which TWC shall deduct and retain for its own account.
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Percentage Deduction means the percentage of Defined Receipts set forth in the Exhibit CB- CNG as the First Deduction which DC shall deduct and retain for its own account.
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Examples of Percentage Deduction in a sentence

  • The size of the Percentage Deduction required is reassessed at least annually.

  • Taking account of their assessment of market conditions at the time and having regard to the aim to achieve a fair and equitable distribution of the assets attributable to Policyholders between those Policyholders, the Directors then come to a view on the appropriate size of the Percentage Deduction.

  • The parameters used in the application of smoothing (see Section 3), and the assumptions used in the calculations as part of the assessment of the appropriate size of the Percentage Deduction (see 2.15), are documented in papers which are considered and approved by the Directors.

  • The Percentage Deduction has applied since 1 September 2004 and the rates applied since then are shown in appendix 1.

  • Where, even with a zero Percentage Deduction, the existing Provision is considered more than sufficient to meet the future costs of guarantees the Directors should determine a single or set of transfers from the Provision to the aggregate asset shares with a view to removing the excess amount.

  • Other than in the application of smoothing described in Section 3, the only assumptions or parameters used in the determination of the amount payable to Policyholders are those used to determine the appropriate size of the Percentage Deduction.

  • Such deduction shall be determined in accordance with the following table: API Gravity Percentage Deduction less than 45º Noneequal to or greater than 45º but less than 55º 0.5%equal to or greater than 55º but less than 65º 1.0%equal to or greater than 65º but less than 75º 1.5% equal to or greater than 75º 2.0% F.

  • In making this assessment calculations are carried out using assumptions which are intended to give a reasonable best estimate of the Percentage Deduction needed to meet the future cost of guarantees having regard to the availability of any Provision already built up.

  • Executive understands and agrees that Executive's obligations under this Agreement to maintain the confidentiality of the Company's confidential information are in addition to any obligations of Executive under applicable statutory or common law.

  • As there is a significant degree of uncertainty regarding future investment returns and the volatility of those returns, a number of assumptions are made in thecalculations carried out as part of the assessment of the appropriate size of the Percentage Deduction.


More Definitions of Percentage Deduction

Percentage Deduction. = the sum of all percentage points accumulated for failing to meet one or more Service Levels for a Service period.
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Related to Percentage Deduction

  • Percentage Allocation is defined in Section 4.3(b)(ii)(y).

  • Sharing Percentage means, with respect to any Partner and any Portfolio Investment, a fraction, expressed as a percentage: the numerator of which is the aggregate amount of Capital Contributions made by such Partner and used to fund the cost of such Portfolio Investment; and the denominator of which is the aggregate amount of Capital Contributions made by all Partners and used to fund the cost of such Portfolio Investment.

  • Allocation Year Means (i) the period commencing on the Closing Date and ending on December 31, 2006, (ii) any subsequent period commencing on January 1 and ending on the following December 31, or (iii) any portion of the period described in clause (ii) for which the Company is required to allocate Profits, Losses and other items of Company income, gain, loss or deduction pursuant to Article V.

  • Pro Rata Allocation The allocation of the principal portion of Realized Losses to the Senior Certificates (other than the Class R and Class P Certificates), on the one hand, and the Class B Certificates, on the other hand, pro rata according to their respective aggregate Class Principal Balances, in reduction thereof in the manner provided in the succeeding paragraphs of this definition (except if the loss is recognized with respect to a Class P Mortgage Loan, in which case the applicable Class P Fraction of such loss shall first be allocated to the Class P Certificates, and the remainder of such loss shall be allocated as set forth above), and the allocation of the interest portion of Realized Losses to all Classes of Certificates (other than the Class R and Class P Certificates) pro rata according to the amount of interest accrued but unpaid on each such Class, in reduction thereof, and then to the Senior Certificates (other than the Class R, Class P and Class X Certificates), on the one hand, and the Class B Certificates, on the other hand, pro rata according to their respective aggregate Class Principal Balances, in reduction thereof in the manner provided in the succeeding paragraphs of this definition. The principal portion of a Realized Loss on any Mortgage Loan allocated to the Class A Certificates pursuant to this definition of "Pro Rata Allocation" shall be allocated in reduction of the respective Class Principal Balances of the Subgroup 1, Subgroup 2 and Subgroup 3 Certificates as follows:

  • True-Up Amount means the difference between the ABO calculated by using the member’s actual creditable service and the actual final average compensation as of the member’s effective date in the FRS Investment Plan and the ABO initially transferred.

  • Annual Percentage Rate or “APR” of a Receivable means the annual rate of finance charges stated in such Receivable.

  • Contribution Percentage Amounts means the sum of the Employee Contributions, Matching Contributions, and Qualified Matching Contributions (to the extent not taken into account for purposes of the ADP test) made under the Plan on behalf of the participant for the Plan Year. Such Contribution Percentage Amounts shall not include Matching Contributions that are forfeited either to correct Excess Aggregate Contributions or because the contributions to which they relate are Excess Deferrals, Excess Contributions, or Excess Aggregate Contributions. If so elected in the adoption agreement the Employer may include Qualified Nonelective Contributions in the Contribution Percentage Amounts. The Employer also may elect to use Elective Deferrals in the Contribution Percentage Amounts so long as the ADP test is met before the Elective Deferrals are used in the ACP test and continues to be met following the exclusion of those Elective Deferrals that are used to meet the ACP test.

  • PO Percentage As to any Discount Mortgage Loan, a fraction (expressed as a percentage) the numerator of which is the excess of the Required Coupon over the Adjusted Net Mortgage Rate of such Discount Mortgage Loan and the denominator of which is such Required Coupon. As to any Non-Discount Mortgage Loan, 0%.

  • Total Percentage Interest means, with respect to any Partner, the quotient obtained by dividing the number of Units (vested or unvested) then owned by such Partner by the number of Units then owned by all Partners.

  • Net Amount means the Distribution Amount less the sum of all quarterly payments received by the COP Swap Counterparties under the COP Swap Collateral Agreement in respect of amounts owed under the COP Swap Agreements since January 1, 2014.

  • Non-PO Percentage As to any Discount Mortgage Loan, a fraction (expressed as a percentage) the numerator of which is the Adjusted Net Mortgage Rate of such Discount Mortgage Loan and the denominator of which is the Required Coupon. As to any Non-Discount Mortgage Loan, 100%.

  • Percentage Ratio means with respect to a Trust, the percentage relationship among the Securities based on the number of contracts of each Option per Unit, the principal amount of each Bond per Unit and the number of shares of each Equity Security per Unit compared to all Securities attributable to each Unit existing immediately prior to the related additional deposit of Securities. The Percentage Ratio shall be adjusted to the extent necessary, and may be rounded, to reflect the occurrence of a stock dividend, a stock split or a similar event which affects the capital structure of the issuer of a security."

  • Total Distribution Amount With respect to any Distribution Date, the sum of (i) the aggregate of the Interest Remittance Amounts for such date; (ii) the aggregate of the Principal Remittance Amounts for such date; and (iii) all Prepayment Premiums collected during the related Prepayment Period.

  • percentage ratios has the meaning ascribed to it under the Listing Rules;

  • Proportionate Percentage means the percentage that expresses the ratio of (x) the number of issued and outstanding shares of capital stock of the Company (on an as converted basis) then owned of record by such stockholder over (y) the aggregate number of outstanding shares of capital stock of the Company (on an as converted basis).

  • Allocable Percentage means, on any date of determination thereof, a fraction the denominator of which shall be equal to the number of Borrowers who are parties to this Agreement on such date and the numerator of which shall be 1; provided, however, that such percentages shall be modified in the event that contribution from a Borrower is not possible by reason of insolvency, bankruptcy or otherwise by reducing such Borrower’s Allocable Percentage equitably and by adjusting the Allocable Percentage of the other Borrowers proportionately so that the Allocable Percentages of all Borrowers at all times equals 100%.

  • Shift Percentage As to any Distribution Date occurring during the five years beginning on the first Distribution Date, 0%. For any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date as follows: for any Distribution Date in the first year thereafter, 30%; for any Distribution Date in the second year thereafter, 40%; for any Distribution Date in the third year thereafter, 60%; for any Distribution Date in the fourth year thereafter, 80%; and for any Distribution Date thereafter, 100%.

  • Excess Cash Flow Percentage 50%; provided that the Excess Cash Flow Percentage shall be reduced to (a) 25% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 3.75 to 1.00 and (b) to 0% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 2.25 to 1.00.

  • Pro Rata Portion means the ratio of (x) the Subscription Amount of Securities purchased on the Closing Date by a Purchaser participating under this Section 4.12 and (y) the sum of the aggregate Subscription Amounts of Securities purchased on the Closing Date by all Purchasers participating under this Section 4.12.

  • Cash Flow Distribution Amount As to any calendar month, the aggregate amount of principal distributable in respect of the Mortgage Securities in such calendar month.

  • PRE-2017 NET OPERATING LOSS CARRYFORWARD means any net operating loss incurred in a taxable year beginning before January 1, 2017, to the extent such loss was permitted, by a resolution or ordinance of the Municipality that was adopted by the Municipality before January 1, 2016, to be carried forward and utilized to offset income or net profit generated in such Municipality in future taxable years.(B) For the purpose of calculating municipal taxable income, any pre-2017 net operating loss carryforward may be carried forward to any taxable year, including taxable years beginning in 2017 or thereafter, for the number of taxable years provided in the resolution or ordinance or until fully utilized, whichever is earlier.

  • Constant Percentage 2 means 100%;

  • Tax Distribution Amount means, with respect to a Member’s Units, whichever of the following applies with respect to the applicable Tax Distribution, in each case in amount not less than zero:

  • Gross-Up Amount has the meaning set forth in definition of “Make Whole Amount.”