Compensation for Local Traffic Clause Samples

The 'Compensation for Local Traffic' clause establishes the terms under which one party compensates another for handling or transporting traffic that originates and terminates within a specific local area. Typically, this clause outlines the calculation method for payments, the types of local traffic covered, and any applicable rates or thresholds. Its core function is to ensure fair and transparent remuneration for services related to local traffic, thereby preventing disputes and clarifying financial responsibilities between the parties involved.
Compensation for Local Traffic. 4.1 All Local Traffic shall be exchanged between the Parties on a Bill and Keep basis. Under a Bill and Keep compensation arrangement, each Party retains the revenues it receives from End User customer, and neither Party pays the other Party for transport and termination of the traffic which is subject to the Bill and Keep arrangement. The specific compensation terms and conditions set forth in this Section 4.1 are limited to the exchange of Local Traffic between the Parties. 4.2 Neither Party shall provide the other VNXX traffic.
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Compensation for Local Traffic. 4.1 All Local Traffic shall be exchanged between the Parties on a Bill and Keep basis. Under a Bill and Keep compensation arrangement, each Party retains the revenues it receives from End User customer, and neither Party pays the other Party for transport and termination of the traffic which is subject to the Bill and Keep arrangement. The specific compensation terms and conditions set forth in this Section 4.1 are limited to the exchange of Local Traffic between the Parties. 4.2 Neither Party shall provide the other VNXX traffic. CLEC certifies that due to the mass availability and portability of IP-based CPE, some of the traffic it sends to ILEC for termination may be Nomadic Traffic. Nomadic Traffic is traffic originating from an Internet Protocol (“IP”) device other than at the End User’s service location. The Parties understand and agree that some small amount of Nomadic Traffic is likely to be exchanged and wish to ensure that ILEC is properly compensated for such traffic. As a result, the Parties will initially assume that 2% of traffic exchanged is Nomadic Traffic and ILEC will bill its applicable interstate switched access rates for 2% of the local traffic sent by CLEC for termination. CLEC agrees that it will update the percentage notice according to the notice provisions of this Agreement and ILEC may request that CLEC review and update such percentage on a not more often than a quarterly basis.
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Compensation for Local Traffic. Compensation for Facilities
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Compensation for Local Traffic. 20.1.1. From the initiation of this Agreement, the parties will have the right to charge for traffic each terminates under this Agreement. If the rates are not at bill and keep as provided for in 20.1.2, the rates to be charged for the exchange of Local Traffic are set forth in Schedule 2 of this Agreement and shall be applied consistent with the provisions of Section 19 of this Agreement. 20.1.2. If the Local Traffic exchanged between the Parties reaches a level where the traffic split is within the range of 55/45 in either direction for three or more consecutive months, the Parties agree to compensate each other for the exchange of Local Traffic through a Bill and Keep arrangement rather than the rates set forth on Schedule 2. ▇▇▇▇ and Keep will not change the Parties obligations with regard to the exchange of billing information.
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Compensation for Local Traffic. 6.1.1 Local Traffic is defined as any telephone call that is originated by an end user of one Party and terminated to an end user of the other Party within a given LATA on that other Party's network, except for those calls that are originated or terminated through switched access arrangements as established by the ruling regulatory body. Additionally, Local Traffic includes any cross boundary North Carolina intrastate, interLATA or interstate, interLATA call between specific wire centers established as a local call by the ruling regulatory body. As further clarification, Local Traffic does not include calls that do not transmit information of the user's choosing. In any event, neither Party will pay reciprocal compensation to the other if the "traffic" to which such reciprocal compensation would otherwise apply was artificially generated or manufactured with the knowledge or consent of either Party, in whole or in part, for the primary purpose of creating an obligation on the part of the originating carrier to pay reciprocal compensation for such traffic. 6.1.2 The Parties shall provide for the mutual and reciprocal recovery of the costs for the elemental functions performed in transporting and terminating local traffic on each other's network. Such functions include Common (Shared)
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Compensation for Local Traffic. The Parties agree that the mutual provisions and relative obligations of the Parties pursuant to this Agreement represent good and valuable consideration, the sufficiency of which between the Parties is acknowledged, and that the relative obligations and consideration are sufficiently in balance between the Parties such that neither Party has any obligation to provide any net monetary compensation to the other Party for the other Party’s origination or termination of Local Traffic. The specific compensation terms and conditions set forth in this Agreement are related to, dependent on, and limited to the exchange of Local Traffic between the Parties.
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Compensation for Local Traffic 
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Related to Compensation for Local Traffic

  • Compensation for Additional Services Additional Services shall be compensated as set forth on Exhibit A for the stipulated payment amounts set forth therein. Other Additional Services not set forth on Exhibit A that are required or requested by the Owner shall be compensated as agreed, using the methodology set forth on Exhibit A, prior to the Design Professional undertaking such Additional Services; provided, however, that if such compensation cannot be agreed, the Additional Services shall be performed at the hourly rates set forth and listed in Exhibit B, plus reimbursable expenses pursuant to Article 4.1.3 below, with a limitation as to maximum amount specified.

  • Compensation for Overtime Assigned overtime is designated as those hours over the regular hours of work which are requested of the employee by management. Assigned overtime worked shall be paid at the rate of time and one-half (1 1/2).

  • Compensation for Services Provided As compensation for providing portfolio supervisory services in its capacity as Portfolio Supervisor, evaluation services in its capacity as Evaluator, and for providing bookkeeping and other administrative services to the Trust of a character described in Section 26(a)(2)(C) of the Investment Company Act of 1940, and to the extent that such services are in addition to, and do not duplicate, the services to be provided hereunder by the Trustee, First Trust Advisors L.P. shall receive, in arrears, against a statement or statements therefor submitted to the Trustee monthly or annually an aggregate annual fee in the per Unit amount set forth in Part II of the Trust Agreement for the Trust, calculated based on the largest number of Units outstanding during the calendar year, except during the initial offering period as determined in Section 4.01 of this Indenture, in which case the fee is calculated based on the largest number of Units outstanding during the period for which the compensation is paid (such annual fee to be pro rated for any calendar year in which First Trust Advisors L.P. provides services described herein during less than the whole of such year). Such fee may exceed the actual cost of providing such services for the Trust, but at no time will the total amount received for such services rendered to unit investment trusts of which the Depositor is the sponsor in any calendar year exceed the aggregate cost to First Trust Advisors L.P. of supplying such services in such year. Such compensation may, from time to time, be adjusted provided that the total adjustment upward does not, at the time of such adjustment, exceed the percentage of the total increase after the date hereof in consumer prices for services as measured by the United States Department of Labor Consumer Price Index entitled "All Services Less Rent of Shelter" or similar index, if such index should no longer be published. The consent or concurrence of any Unit holder hereunder shall not be required for any such adjustment or increase. Such compensation shall be paid by the Trustee, upon receipt of an invoice therefor from First Trust Advisors L.P., which shall constitute the representation by First Trust Advisors L.P. that the bookkeeping and administrative services for which compensation is claimed are properly compensable hereunder and that the aggregate cost incurred by First Trust Advisors L.P. of providing portfolio supervisory, evaluation and bookkeeping and administrative services hereunder was not less than the compensation claimed, upon which representation the Trustee may conclusively rely. Such compensation shall be charged against the Income and/or Capital Accounts in accordance with Section 3.05. If the cash balance in the Income and Capital Accounts shall be insufficient to provide for amounts payable pursuant to this Section 4.03, the Trustee shall have the power to sell (i) Securities from the current list of Securities designated to be sold pursuant to Section 5.02 hereof, or (ii) if no such Securities have been so designated, such Securities as the Trustee may see fit to sell in its own discretion, and to apply the proceeds of any such sale in payment of the amounts payable pursuant to this Section 4.03. Any moneys payable to First Trust Advisors L.P. pursuant to this Section 4.03 shall be secured by a lien on the Trust prior to the interest of Unit holders, but no such lien shall be prior to any lien in favor of the Trustee under the provisions of Section 6.04 herein.

  • Compensation for Basic Services 6.1.1 Compensation for Basic Services as described in Section 3.1 and 3.2 shall be as set forth in Article 11.