Common use of Term Volume Commitment Clause in Contracts

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.