Usage Based definition
Examples of Usage Based in a sentence
Thus, in the Contractor’s Detailed Sales Report, for each item sold, there will be two-line items: one for the piece of Equipment, and one for the Life Cycle or Usage Based Service and Supplies.
In addition, the Contractor shall report an additional amount equal to the invoice amount and identified as “Life Cycle Service and Supplies,” or an actual amount and identified as “Usage Based Service and Supplies.” Thus, in the Contractor’s Detailed Sales Report, for each item leased or rented, there will be two-line items: one for the invoice amount to the customer for the Equipment, and one for the Life Cycle or Usage Based Service and Supplies.
MSP agrees to pay the applicable monthly usage Fees, as calculated based on the usage-based tier (“Usage Based Program Tier”) designated in the Order Form, which shall be the greater of the (i) Fees calculated per Device for all Customer Devices that the Software has been made available (regardless of usage) at any time during that month, or (ii) the applicable Usage Based Program Tier minimum.
MSP acknowledges that as part of committing to the usage based billing model, it commits to a certain Usage Based Program Tier which requires MSP commit to a certain minimum monthly payment regardless of actual usage.
The effect of such change shall be to amend the current subscription term of the applicable Order Form, thereby having the effect of extending the current term by twelve (12) months for the new Usage Based Program Tier.
Accordingly, if MSP makes the Software available to less than that minimum number of Devices in a calendar month, then MSP’s payment obligations for such month shall still require the payment of monthly usage Fees calculated based on the minimum number of Devices associated with the Usage Based Program Tier it has committed to.
A Business Experience Instance is specific to a given 3DS Offering and cannot be used for another Business Experience - Usage Based 3DS Offering.
Use of a 3DS Offering granted in Business Experience - Usage Based mode provides the right to use, at any moment, a determined maximum number of active Business Experience Instances for the access duration to the 3DS Offering, as specified in the Product Portfolio and/or in the Documentation.
Where MSP has usage based billing and decides to move from one Usage Based Program Tier to another, such change shall become effective on the first of the month following: (1) written notice when moving up to a higher Usage Based Program Tier, and (2) ninety (90) days written notice when moving down to a lower Usage Based Program Tier.
Enterprise Products are licensed under the following license types: Subscription per CPU Socket, Subscription per GPU, Subscription per Node, Subscription per CCU, Subscription per HCA, Usage Based Subscription, or Perpetual license.