Revenue Commitment. Provided Level 3 is delivering Services in ------------------ accordance with the requirements of this Agreement, Customer shall, on a monthly basis during the Term order and pay for the following volumes of Services (the "Revenue Commitment"): Contract Year* Cumulative Monthly Recurring Charges Per Quarter -------------- ------------------------------------------------ 1 $ 200,000 2 $ 300,000 3 $ 400,000 4 $ 600,000 5 $1,000,000 * Each "Contract Year" shall be measured as each full year after execution of this Agreement (so that Contract Year 1 ends one year from execution hereof). The Revenue Commitment is a "take-or-pay" commitment; on a quarterly basis Customer will be billed for the greater of (a) its actual usage of Services, or (b) the billing amount that would have been charged if the Revenue Commitment had been satisfied.
Appears in 3 contracts
Sources: Strategic Marketing and Sales Agreement (Data Return Corp), Strategic Marketing and Sales Agreement (Data Return Corp), Strategic Marketing and Sales Agreement (Data Return Corp)