Common use of Number of Transactions Clause in Contracts

Number of Transactions. Based on the average number of transactions processed in the system during the most recent 12 months at the time the budget is prepared. The numerator of which is for a Client Company and the denominator of which is for all Client Companies (or specific Client Companies receiving the service allocated per this factor, if not all Companies are receiving the service.) This ratio will be determined annually and/or at such time as may be required due to a significant change in circumstances.

Appears in 3 contracts

Sources: Service Agreement, Service Agreement, Interim WBS Regulated Affiliated Interest Agreement