Common use of Local Traffic Compensation Clause in Contracts

Local Traffic Compensation. 4.1 The rates, terms, conditions contained herein apply only to the termination of Local Traffic on the Parties’ networks. All applicable rate elements can be found in Appendix PRICING. 4.2 Based on the assumption that the Local Traffic exchanged by the Parties will be roughly balanced (i.e., neither Party is terminating more than sixty percent (60%) of the Parties’ total terminated minutes for Local Traffic), the Parties shall initially terminate each other’s Local Traffic on a Bill and Keep basis. 4.3 Either Party may request that a traffic study be performed no more frequently than once a quarter. Should such traffic study indicate, in the aggregate, that the traffic is no longer in balance, either Party may notify the other of their intent to bill for Local Traffic termination. At such time, the Parties shall mutually agree upon and amend Appendix PRICING to incorporate rates for transport and termination of Local Traffic which shall be utilized for the duration of the Term of this Agreement unless otherwise agreed by the Parties. A minimum of ninety (90) days written notice is required prior to the first billing of mutual compensation.