Common use of Calculation of Service Credits Clause in Contracts

Calculation of Service Credits. 6.1 The value of one Service Credit is calculated as follows: Total 10 year Projected Revenues x 20% ÷ (number of weeks from the Service Commencement Date to Original Expiry Date x 6) 6.2 In the Operational Phase, no more than 6 Service Credits can be charged in any one Operational Week. 6.3 Service Credits will be calculated 13 times a year, every 4 weeks, (excluding New Year's Day) ("Measurement Period"). 6.4 Service Credits will be dealt with on the basis set out in Schedule 16 (Review Process).

Appears in 2 contracts

Sources: Services Agreement, Services Agreement

Calculation of Service Credits. 6.1 The value of one Service Credit is calculated as follows: Total 10 year [Projected Revenues Revenues] x 20% ÷ (number of weeks from the Service Commencement Date to Original Expiry Date x 6) 6.2 In the Operational Phase, no more than 6 Service Credits can be charged in any one Operational Week. 6.3 Service Credits will be calculated 13 times a year, every 4 weeks, (excluding New Year's Day) ("Measurement Period"). 6.4 Service Credits will be dealt with on the basis set out in Schedule 16 17 (Review Process).

Appears in 1 contract

Sources: Services Agreement