Common use of AVC Commitment Clause in Contracts

AVC Commitment. Commencing on the 8th Amendment Effective Date and in lieu of the TVC commitment, Customer agrees to pay Company $1,000,000 in Total Service Charges (“AVC”) during each Contract Year of the Term. Contract Year is defined as a consecutive twelve month period of the Initial Term starting on the 8th Amendment Date.

AVC Commitment. Commencing on the 8th Amendment Effective Date and in lieu of the TVC commitment, Customer agrees to pay Company $1,000,000 in Total Service Charges (“AVC”) during each Contract Year of the Term. Contract Year is defined as a consecutive twelve month period of the Initial Term starting on the 8th Amendment Date. Commencing on the 11th Amendment Effective Date and for the remainder of the Term, Customer’s new AVC will be $1,100,000 in Total Service Charges.