Term Volume Commitment Sample Clauses

A Term Volume Commitment clause establishes a contractual obligation for one party to purchase or use a specified minimum quantity of goods or services over a defined period. Typically, this clause outlines the exact volume required, the timeframe for fulfillment, and any consequences for failing to meet the commitment, such as penalties or price adjustments. Its core practical function is to provide predictability and security for the supplier by ensuring a baseline level of business, while also helping the buyer secure favorable terms in exchange for their commitment.
Term Volume Commitment. Commencing on the 4th Amendment Effective Date the Customer agrees to pay the Company no less than $2,700,000 in Total Service Charges during the Term, (“TVC”) in lieu of any AVC Commitments. Commencing on the 8th Amendment Effective Date, Customer’s TVC requirement (set forth above) is replaced with an AVC requirement (set forth below):
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Term Volume Commitment. The Customer's Total Service Charges for Access and Private IP service must equal or exceed $20,000 during the Term (TVC). Commencing on the 18th Amendment Effective Date, Customer’s TVC requirement (set forth above) is replaced with an AVC requirement (set forth below): AVC Commitment: Commencing on the 18th Amendment Effective Date and in lieu of the TVC commitment, Customer agrees to pay Company $540,000 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 18th Amendment Date.
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Term Volume Commitment. Commencing on the 12th Amendment Effective Date the Customer agrees to pay the Company no less than $2,000,000 in Total Service Charges during the Term, (“TVC”). Commencing on the 16th Amendment Effective Date, Customer’s AVC requirement (set forth above) is replaced with a TVC requirement (set forth below): TVC Commitment: Commencing on the 16th Amendment Effective Date and in lieu of the AVC commitment, Customer agrees to pay Company $3,300,000 in Total Service Charges during the Initial Term (“TVC”). “Contract Year” is redefined as each 12 month period of the Initial Term commencing on the 16th Amendment Effective Date.
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Term Volume Commitment. Customer agrees to pay Company no less than $3,300,000.00 in Total Service Charges during the Initial Term (the “TVC”). During each twelve-month period of the Renewal Term, if any, Customer agrees to pay Company no less than $1,100,000 in Total Service Charges ("Renewal Term AVC"). Commencing on the 3rd Amendment Effective Date, Customer’s TVC requirement (set forth above) is replaced with an AVC requirement (set forth below): AVC Commitment: Commencing on the 3rd Amendment Effective Date and in lieu of the TVC commitment, Customer agrees to pay Company $0 in Total Service Charges (“AVC”) during each Contract Year of the Term
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Term Volume Commitment. Commencing on the 12th Amendment Effective Date the Customer agrees to pay the Company no less than $2,000,000 in Total Service Charges during the Term, (“TVC”). Commencing on the 16th Amendment Effective Date, Customer’s TVC requirement (set forth above) is replaced with a TVC requirement (set forth below): TVC Commitment: Commencing on the 16th Amendment Effective Date and in lieu of the AVC commitment, Customer agrees to pay Company $3,300,000 in Total Service Charges during the Initial Term (“TVC”). “Contract Year” is redefined as each 12 month period of the Initial Term commencing on the 16th Amendment Effective Date. Commencing on the 19th Amendment Effective Date, Customer’s TVC requirement (set forth above) is replaced with a TVC requirement (set forth below): TVC Commitment: Commencing on the 19th Amendment Effective Date and in lieu of the AVC commitment, Customer agrees to pay Company $3,900,000 in Total Service Charges during the Initial Term (“TVC”). “Contract Year” is redefined as each 12 month period of the Initial Term commencing on the 19th Amendment Effective Date. TVC Commitment: Commencing on the 22nd Amendment Effective Date and in lieu of the AVC commitment, Customer agrees to pay Company $4,000,000 in Total Service Charges during the Initial Term (“TVC”). “Contract Year” is redefined as each 12 month period of the Initial Term commencing on the 19th Amendment Effective Date.
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Related to Term Volume Commitment

  • Time Commitment The Advisor shall, and shall cause its Affiliates and their respective employees, officers and agents to, devote to the Company such time as shall be reasonably necessary to conduct the business and affairs of the Company in an appropriate manner consistent with the terms of this Agreement. The Company acknowledges that the Advisor and its Affiliates and their respective employees, officers and agents may also engage in activities unrelated to the Company and may provide services to Persons other than the Company or any of its Affiliates.

  • Minimum Commitment If for a certain Service a minimum commitment has been determined in the Agreement, the Customer guarantees to respect the minimum commitment described in the Agreement during the entire period of the Agreement. If the Customer does not respect this minimum commitment, the Customer shall pay the compensation mentioned in the Agreement. If no compensation has been mentioned in the Agreement, the Customer has to pay the applicable Charges for the respective Service, or the average of the applicable Charges if different Charges are applied for the respective Service, per missing number of its minimum commitment. Services that are timely cancelled by the Customer or Services for which the Customer has paid a cancellation fee , do not, even not partly, release the Customer from its obligation to respect the minimum commitment . Services cancelled as due to Force Majeure and Services cancelled by Lineas for other reasons than Force Majeure, will be considered as a Services ordered and paid for by the Customer. Services cancelled by the Customer or by Lineas because of holidays do not, even not partly, release the Customer from its obligation to respect its minimum commitment.

  • Part-Time Commitment The Hospital shall not refuse to accept an offer from an employee to make a written commitment to be available for work on a regular predetermined basis solely for the purpose of utilizing casual employees so as to restrict the numbers of regular part-time employees.

  • Maximum Commitment The maximum aggregate amount payable by NYSERDA to the Contractor shall be the amount appearing at Item 5 of page one of this Agreement. NYSERDA shall not be liable for any costs or expenses in excess of such amount incurred by the Contractor in the performance and completion of the Work.

  • Contract Quantity The Contract Quantity during each Contract Year is the amount set forth in the applicable Contract Year in Section D of the Cover Sheet (“Delivery Term Contract Quantity Schedule”), which amount is inclusive of outages.