Common use of Performance Credit Clause in Contracts

Performance Credit. Where Percentage Response Time is greater than 99.9%: No Performance Credit will be due to City.

Appears in 2 contracts

Sources: Software Agreement, Munimobile Application Service Agreement

Performance Credit. (i) Where Percentage Response Time is greater than 99.999.9999%: No Performance Credit will be due to City. (ii) Where Percentage Response Time is equal to or less than 99.9999%: City shall be due a Performance Credit in the amount of 20% of the Services Fees (as calculated on a monthly basis for the reporting month) for each full 1% reduction in Percentage Response Time.

Appears in 1 contract

Sources: Reseller Agreement