Full Unavailability Deductions

3.25.  The Full Unavailability Deduction for each Contract Month (n) shall be calculated using the following formula:

FUDn =

FDrD  x   ((DUBUx0.7) + (DU))x UDF x RUR

+

FdlD  x   ((DUBUx0.7) + (DU)) x UDF x RUR

FUDn

 

Full Unavailability Deduction for Contract Month (n)

 FDrD

 

Full Daily Rented Deduction charge

 FDlD

 

Full Daily Leaseholder Deduction Charge

Dna

 

The number of Days in the Contract Year (n)

DUBU

 

The number of days that the Dwelling is Unavailable but Used in Contract Month (n)

DU

 

The number of days that the Dwelling is Unavailable in Contract Month (n)

UDF

 

The Unavailability Deduction Factor applied in respect of the relevant Availability Standard which led to the Unavailability.  

RUR

 

Repeated Unavailability Ratchet

 

Summation of Dwellings