Minimum Monthly Commitment definition

Minimum Monthly Commitment means a fixed amount agreed to by the Parties that is based upon the expected number of transactions to occur each month during the Term times the Average Bill Amount, as set forth in Schedule A).
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Minimum Monthly Commitment has the meaning given to it in the relevant Service Order Form.
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Minimum Monthly Commitment means Customer’s commitment to purchase the monthly minimum quantity of Services and to pay the Monthly Recurring Fees each Billing Period, as set forth in the Order Form.
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Examples of Minimum Monthly Commitment in a sentence

  • Customer must maintain a Minimum Monthly Commitment Level (“MMCL”) of Service.

  • An illustrative example of the quarter-to-date calculation of the Minimum Monthly Commitment and applicable Throughput Charges for such quarter is attached hereto as Exhibit C.

  • For each Month within a Calendar Quarter, the Throughput Charge applied to volumes tendered for such Month shall be based on a quarter-to-date calculation of the Minimum Monthly Commitment (as defined below), and the revenue billed for such Month shall be adjusted to reflect such quarter-to-date calculation.

  • Customer must select a Minimum Monthly Commitment Level (“MMCL”) of Local Usage minutes for RAS Private Dial service.

  • ABT will commit resources up to 1/12 of such 2500 hours (i.e. 208 hours) (the "Minimum Monthly Commitment") each month upon ABT/UK's request in its sole discretion.

  • DS-1 RATE AND DISCOUNT SCHEDULE (based on [*] Total Minimum Monthly Commitment) V & H MILES DS-1 RATE (VGE) ----------- --------------- [*] [*] [*] [*] [*] [*] There is a minimum amount of [*] required per each DS-3 DS-1 DISCOUNT ------------- [*] No further discounts.

  • In the event that Customer fails to satisfy the Minimum Monthly Commitment in a given month, Customer shall be billed in the amount of the Minimum Monthly Commitment rather than for its actual usage of the Services.

  • If ABT/UK does not request a resource commitment in a given month, or requests less than the Minimum Monthly Commitment in a given month, ABT/UK may carry forward each month's Minimum Monthly Commitment into the next 2 months.

  • You will be charged for Network Access, which, for each calendar month, shall be the greater of either (a) Access charges due in accordance with Section 5 "Rates and Charges" or (b) Monthly Customer Commitment as set forth in Section 2 "Minimum Monthly Commitment".

  • Replacement Service shall have a similar Minimum Monthly Commitment as Original Service.


More Definitions of Minimum Monthly Commitment

Minimum Monthly Commitment has the meaning given to it in the relevant Service Order Form. Genesystel Business Standard Services Agreement 13 of 14 \I F 1 W 0 R K S
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Related to Minimum Monthly Commitment

  • Volume Commitment means the agreed upon Customer commitment to purchase, and may be described as an Annual Volume Commitment, Total Volume Commitment, Tiered Volume Commitment, or Subminimum Volume Commitment.

  • Maximum Available Commitment means, subject to the proviso contained in the third sentence of Section 2.02(a), at any time of determination, (a) the Maximum Commitment at such time less (b) the aggregate amount of each Interest Advance outstanding at such time; provided that following a Provider Advance or a Final Advance, the Maximum Available Commitment shall be zero.

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • Minimum Commitment means any minimum commitment of time and usage for use of the Services by You during the Term of this Agreement.

  • Available Commitment means a Lender’s Commitment minus: