Total Volume Commitment Clause Samples
Total Volume Commitment. As defined in Section 9.2 of this Agreement.
Total Volume Commitment. (TVC). If applicable, Customer agrees to pay Verizon the amount of Eligible Charges during Volume Commitment Period that is no less than the Total Volume Commitment or TVC identified in its Agreement. If, during the Volume Commitment Period, Customer's Eligible Charges are less than the TVC, then Customer shall pay: (1) all accrued but unpaid charges incurred by Customer; and (2) an underutilization charge (which Customer hereby agrees is reasonable) equal to 75% of the difference between Customer's Eligible Charges and the TVC.
Total Volume Commitment. Customer agrees to pay Company no less than $3,600,000 in Total Service Charges during the Initial Term. A “Contract Year” means each consecutive twelve-month period of the Term starting on the Effective Date.