Common use of Total Volume Commitment Clause in Contracts

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. (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 the Agreement. IfIf the Agreement does not identify a TVC, during the or number of Contract Years/Volume Commitment Period, then the applicable number is zero. If Customer's Eligible Charges are less than the TVC, then Customer shall will pay: (1a) all accrued but unpaid charges incurred by Customer; and (2b) an underutilization charge (which Customer hereby agrees is reasonable) equal to 75% of the difference between Customer's Eligible Charges and the TVC.