Orbital Performance Incentives Clause Samples
The "Orbital Performance Incentives" clause establishes a system of rewards or penalties based on the achievement of specified performance criteria for a spacecraft or satellite while in orbit. Typically, this clause outlines measurable benchmarks—such as successful deployment, operational lifespan, or data transmission rates—that must be met to trigger incentive payments or avoid penalties. By directly linking compensation to in-orbit performance, the clause motivates contractors to meet or exceed mission objectives and helps ensure that the delivered system functions as intended, thereby aligning the interests of both parties and mitigating the risk of underperformance.
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Orbital Performance Incentives. The Orbital Performance Incentives payments due from Purchaser pursuant to Article 13 with respect to the SATMEX 8 Satellite shall be due and payable as specified for such payments in Article 13.
Orbital Performance Incentives. 12.1.1 IOT Threshold Requirements [***REDACTED***]
12.1.2 Continuing Threshold Requirements
12.1.3 Daily Rate of Orbital Performance Incentives
12.1.4 Extended Life Orbital Performance Incentives [***REDACTED***]
12.1.5 Liquidated Damages Earnback Incentives [***REDACTED***]
12.1.6 Temporary Outages [***REDACTED***]
12.1.7 Total Loss of a Satellite [***REDACTED***]
12.1.8 Losses Attributable to MSV [***REDACTED***]
12.1.9 Access to In-Orbit Data and Measurements
Orbital Performance Incentives. Purchaser shall pay, in full, invoices for Orbital Performance Incentives (or, if applicable, the undisputed portion thereof) within [***] after receipt of the required invoice.
Orbital Performance Incentives. After Acceptance of the Satellite, Contractor shall have the right to earn Orbital Performance Incentives in accordance with Article 13 hereof.
Orbital Performance Incentives. In the event that Purchaser elects to exercise the Ground Storage option(s) provided for in this Article 34, after direction from Purchaser to place a Satellite in Ground Storage, Purchaser shall pay interest to Contractor at a rate of [****************************] per annum on the amount of Orbital Performance Incentives specified in Article 14.1.1 hereof from ninety (90) days after the Delivery date otherwise specified by Purchaser for the applicable Satellite through the period of Ground Storage. Following the completion of IOT of a previously stored Satellite, the provisions of Article 14 hereof shall apply to Contractor's right to be paid and earn Orbital Performance Incentives.
Orbital Performance Incentives. For each Satellite, Orbital Performance Incentives earned by Contractor and due from Purchaser pursuant to Article 14, hereof, shall be due thirty (30) days after submission of an invoice by Contractor but no earlier than specified in Article 14.
Orbital Performance Incentives. In the event that Purchaser elects to exercise the Ground Storage option provided in this Article 31, after direction from Purchaser to place the Satellite in Ground Storage, Purchaser shall pay interest to Contractor at a rate of LIBOR + 2% (30 day rate) per annum on the amount of Orbital Performance Incentives specified in Section 13.2 hereof for the period of Ground Storage. Following the Delivery on- orbit of a previously stored Satellite, the provisions of Article 13 hereof shall apply to Contractor's right to be paid and earn Orbital Performance Incentives.
Orbital Performance Incentives. 79 34.8 Stored Satellite Refurbishment.............................. 79 34.9
Orbital Performance Incentives. 28 13.1. General.......................................................... 28 13.2. Advance Payment; Unqualified Acceptance.......................... 29 13.3. Advance Payment; Qualified Acceptance............................ 29 13.4. Daily Rate of Orbital Performance Incentives..................... 30 13.5. On-Board Redundancy.............................................. 31 13.6. Orbital Storage.................................................. 31 13.7. Temporary Outages................................................ 31 13.8. Purchaser's Change to Inclined Orbit Operation................... 32 13.9. Satellite Failure After IOT...................................... 32 13.10. Payments......................................................... 33 13.11. Negligent Operation of the Satellite............................. 33 13.12. Access to In-Orbit Data and Measurements......................... 34
Orbital Performance Incentives. 60 31.8. Storage Period................................................... 61 31.9. Stored Satellite Refurbishment................................... 61 31.10. Terms and Conditions............................................. 61 ARTICLE 32. STOP-WORK ORDER.................................................. 62 32.1. Stop-Work Order.................................................. 62