Minimum Usage definition
Examples of Minimum Usage in a sentence
See schedule below: Years of Minimum Usage Service Per Year* 6 thru 10 15 days 11 years & after 18 days *Computation of minimum usage will occur as of December 31st of each year.
The Minimum Usage Fee for each calendar month shall be due and payable on the first day of the next calendar month.
Minimum Usage: There is a minimum usage of Earned Hours required each year.
Minimum Usage: There is a minimum usage of Earned Days required each year.
For purposes of computing unused commitment fees, commencing on the Closing Date, or if the Borrower increases the Maximum Facility Amount in accordance with Section 2.15, commencing on the date of such increase solely as it relates to the Incremental Commitments, if the average daily Advances Outstanding for the relevant period of determination is less than the Minimum Usage Amount, then the average daily Advances Outstanding for such period shall be deemed to be the Minimum Usage Amount.