Extended Term Volume Commitment Clause Samples

Extended Term Volume Commitment. During each month of the Extended Term, Customer agrees to pay Company an amount no less than 1/36th of the TVC (“ETVC”).

Extended Term Volume Commitment. During each month-to-month billing period following the expiration of the Global Agreement Period, Customer’s total Contributing Charges must equal or exceed 1/12th of the AVC (“Extended Term Volume Commitment”). If in any month-to-month billing period following the expiration of the Global Agreement Period, Customer’s Contributing Charges are less than the Extended Term Volume Commitment, Customer shall pay: (1) all accrued but unpaid charges incurred by Customer; and (2) an underutilization charge” equal to 50% of the difference between Customer’s Contributing Charges during such month-to-month billing period and the Extended Term Volume Commitment. Initial Term: 36 months Customer may request a written notice at least 45 calendar days prior to the expiration of the Term, to extend the Agreement for up to 6 months (“Transition Period”). During this period Rates and Charges, terms and conditions of the Agreement shall continue to apply except no Minimum Purchase Requirement shall apply. After the end of the Term (if no Transition Period is elected) or the Transition Period, the Agreement will remain in place on a month-to-month basis unless either party terminates the Agreement upon at least sixty (60) days written notice prior to the end of the Initial Term (“Extended Term”). During the Extended Term, either party may terminate the Agreement upon at least sixty (60) days prior written notice. Term Volume Commitment (“TVC”): : Customer agrees to pay the Company no less than $3,600,000 in Total Service Charges during the Term, (“TVC”) in lieu of any AVC Commitments.

Extended Term Volume Commitment. During each Contract Year of the Extended Term Customer agrees to pay Company no less than $866,667 (the “Extended Term Volume Commitment” or “ETVC”) in Total Service Charges.