Common use of Classifications, Practices and Regulations Clause in Contracts

Classifications, Practices and Regulations. Underutilization: If the Customer fails to satisfy the MVR, the Customer will be billed and required to pay an underutilization charge equal to 25 percent of the difference between the Customer’s actual applicable usage during that annual period and the MVR, or a pro rata portion thereof for any partial annual period.

Appears in 2 contracts

Sources: Service Agreement, Service Agreement