Reduced Performance definition

Reduced Performance has the meaning set out in Clause 27(b)(iv).”
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Reduced Performance has the meaning given to it in paragraph 5.1 (Reduced Performance);
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Reduced Performance in Clause 1 of the Charter shall be amended to read in its entirety: ““Reduced Performance” has the meaning set out in Clause 27(b).”
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Examples of Reduced Performance in a sentence

  • If the event of Reduced Performance the Authority may issue a notice (an "Improvement Notice") bringing this to the attention of the Contractor.

  • The Contractor acknowledges and agrees that the deductions are not an estimate of the loss or damage that may be suffered by the Authority as a result of the Reduced Performance and nor are they onerous or a penalty.

  • Each Performance Report shall state the Contractor's performance against all of the relevant Contract Delivery Indicators and identify any occurrences of Reduced Performance with the Contractor's assessment of the reasons for such occurrences.

  • An Improvement Notice shall state: any area of Reduced Performance; and any other supporting information which the Authority considers to be relevant.

  • The Authority shall be entitled to make Service Credit Deductions in accordance with paragraph 7 (Calculation of Service Credit Deductions) where: the Contract Delivery Indicators show performance below the associated target levels (as relevant); and/or there are instances of Reduced Performance.

  • If the Authority considers (acting reasonably) that there are any instances of performance that fall below the Required Standard ("Reduced Performance"): the Authority may issue an Improvement Notice in accordance with paragraph 12 (Improvement Notices and Improvement Plan); and/or the Authority shall be entitled to a reduction in the Contract Price representing the reduced value of the Services received by the Authority in accordance with paragraph 6 (Authority's Right to Make Deductions).

  • For each Performance Standard set forth in Exhibit B that Nova Factor failed to meet in the previous calendar quarter, the relevant discount amount for a failure to meet such standard shall be deducted from the Base Discount for the current calendar quarter, up to a maximum deduction of * percentage * (*%) ("Reduced Performance Standard").

  • For purposes of this Section 5.15, Reduced Performance means a change in any of the following performance attributes: (1) a reduction in calculated fuel economy using the EPA formula of more than 3 MPG; (2) a decrease of greater than 5% in peak horsepower; or (3) a decrease of greater than 5% in peak torque.

  • Complaints concerning the interpretation or application of Article 21 ("Performance Appraisal Feedback and Advanced Warning of Reduced Performance Pay Standing") and any warning of reduced pay standing may be processed through the grievance/arbitration procedure in accordance with Article 16.

  • Notwithstanding the provisions of Clause 27(g)(ii) above, if the Vessel is incapable of discharging its cargo at such higher rate, such performance shall not be considered Reduced Performance and Charterer shall not be entitled to pay hire at a rate equal to the Reduced Rate or claim a reduction in hire.


More Definitions of Reduced Performance

Reduced Performance means any instances of performance that fall below the Required Standard
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Reduced Performance means an incident where the Supplier has:
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Reduced Performance means where the Contractor’s performance of the contractual obligations has fallen below the expected standard, triggering a performance remedy as detailed in Schedule 7 “Regulations” means the Public Contract Regulations 2015 (SI 2015/102).
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Related to Reduced Performance

  • Final Performance means the Final Valuation Price divided by the Initial Price(Settlement) each in respect of the Worst Performing Underlying Asset as calculated in respect of the Final Valuation Date. "Final Valuation Date" means 10 December 2027, subject to adjustment.

  • Total Performance means that the entire Work, except those items arising from the provisions of any warranty, have been performed in accordance with the Contract;

  • human performance means human capabilities and limitations which have an impact on the safety and efficiency of aeronautical operations;

  • Underlying Performance means a decimal number calculated by applying the following formula: