LOSS OF PRODUCTIVITY Clause Samples

The Loss of Productivity clause defines how situations where work efficiency or output is reduced are addressed in a contract. Typically, this clause outlines the circumstances under which claims for decreased productivity can be made, such as delays caused by unforeseen site conditions or changes in project scope, and may specify the documentation or evidence required to substantiate such claims. Its core function is to allocate risk and provide a clear process for compensating parties when productivity losses occur, thereby minimizing disputes and ensuring fair treatment when project disruptions impact performance.
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LOSS OF PRODUCTIVITY. [OCT 2017]
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LOSS OF PRODUCTIVITY. This clause does not create a right to recover loss of productivity. However, where Seller can establish entitlement to loss of productivity under another clause, Seller’s recovery is subject to the additional requirements contained herein.
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LOSS OF PRODUCTIVITY insurance for the Lessee following damage caused to the Object of the Lease and/or the contents thereof on account of the risks aforesaid in Section 11.1.1, throughout an indemnity period of at least 12 months. The said insurance shall contain a waiver of the right of substitution vis-à-vis the Lessor and/or the management company and/or the agents thereof and/or vis-à-vis the other lessees and/or tenants and/or owners in the commercial center building (whose insurances contain a parallel clause regarding waiver of the right of substitution vis-à-vis the Lessee) provided that the aforesaid regarding the waiver of the right of substitution shall not apply in favor of a person who caused the damage intentionally. Notwithstanding the aforesaid it is hereby agreed that the Lessee shall be entitled to refrain from taking out the loss of productivity insurance mentioned in this section, in whole or in part; however, the contents of Section 11.5 below with regard to the waiver of the right to make a claim, shall apply as if the said insurance has been taken out in full.
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LOSS OF PRODUCTIVITY 
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Related to LOSS OF PRODUCTIVITY

  • PRODUCTIVITY The Union shall place no limitations upon the amount of work which an Employee shall perform during the working day and there shall be no restrictions imposed against the use of any type of machinery, tools or labour saving devices.

  • Downtime Each of Zero Hash and ZHLS uses commercially reasonable efforts to provide the Services in a reliable and secure manner. From time to time, interruptions, errors, delays, or other deficiencies in providing the Services may occur due to a variety of factors, some of which are outside of Zero Hash’s and/or ZHLS’ control, and some which may require or result in scheduled maintenance or unscheduled downtime of the Services (collectively, “Downtime”). You understand and acknowledge that part or all of the Services may be unavailable during any such period of Downtime, and you acknowledge that Zero Hash and ZHLS are not liable or responsible to you for any inconvenience or losses to you as a result of Downtime. Following Downtime, you further understand and acknowledge that the prevailing market prices of cryptocurrency may differ significantly from the prices prior to such Downtime.

  • Maintenance of Profitability Seller shall not permit, for any Test Period, Net Income for such Test Period, before income taxes for such Test Period and distributions made during such Test Period, to be less than $1.00.

  • Attrition Attrition means that as people leave their jobs because they retire, resign, transfer, die or are promoted then they may not be replaced. In addition or alternatively, there may be a partial or complete freeze on recruiting new employees or on promotions.

  • Marketing of Production Except for contracts listed and in effect on the date hereof on Schedule 7.19, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report (with respect to all of which contracts the Borrower represents that it or its Subsidiaries are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity), no material agreements exist which are not cancelable on 60 days notice or less without penalty or detriment for the sale of production from the Borrower’s or its Subsidiaries’ Hydrocarbons (including, without limitation, calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (a) pertain to the sale of production at a fixed price and (b) have a maturity or expiry date of longer than six (6) months from the date hereof.