Examples of Minimum Commitment Period in a sentence
After the Minimum Commitment Period, Shares may be redeemed in the minimum amount of $2,200 and in $2,000 intervals above $2,200 and in such other amounts and at such other times, with the consent of, and upon such terms of payment as may be approved by, the Board of Directors, in its sole discretion.
No Shares may be redeemed within the Minimum Commitment Period associated with each Shareholder’s purchase of Shares for any purpose.
A Shareholder may request that the Company redeem all or any portion of its Shares following the termination of such Common Shareholder’s Minimum Commitment Period, provided, however, that no redemption of Shares will be made if such redemption jeopardizes the financial stability of the Company, puts any investment opportunity or obligation at risk, or otherwise imposes a burden on the Company, as determined by the Board of Directors, in its sole discretion.
In the event of early termination of the Agreement attributable to a fault on the part of the Beneficiary, the Beneficiary shall be liable, by operation of law, for payment to the Company of the Services for the entire current month, as well as, where applicable, compensation lump sum corresponding to the total price of the Services for the Minimum Commitment Period remaining to run, without prejudice to any other damages that the Company may be entitled to claim.
The Minimum Commitment Period (MCP) of this arrangement shall be │ 2 years, with the option for the Customer to renew the Services for 3 additional │ Renewal Terms of one year each (each a Renewal Term).