Common use of Facility Availability Adjustment Clause in Contracts

Facility Availability Adjustment. The Facility Availability Adjustment will be applied in calculating the Monthly Payment in accordance with Section 1 (Monthly Payment) of this Appendix F. Paragraph (b) of this Section 6 of this Appendix F contains the formula to calculate Facility Availability. For each Billing Period the Facility Availability Adjustment is: Greater than or equal to ninety-eight percent (98%) One hundred percent (100%) Less than ninety-eight percent (98%) but greater than seventy percent (70%) One hundred percent (100%) - [(ninety- eight percent (98%) – FA)] x two (2)