Common use of Underutilization and Early Termination Charges Clause in Contracts

Underutilization and Early Termination Charges. If Customer's Total Service Charges do not reach the AVC in any Contract Year during the Initial Term; Customer shall pay an "Underutilization Charge" equal to 25% of the unmet AVC. If Customer’s Total Service Charges do not reach the AVC in any Contract Year because the Agreement is terminated early by Customer without Cause or by Company with Cause, Customer shall pay an “Early Termination Charge” equal to 25% of the unmet AVC plus a pro rata portion of any credits received by Customer. Credits: One Time Credits: Customer will receive a credit equal to $4,375 which will be applied against Customer's designated Service Charges incurred for Interstate and International Services.

Appears in 1 contract

Samples: enterprise.verizon.com

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Underutilization and Early Termination Charges. If Customer's ’s Total Service Charges do not reach the AVC in any Contract Year during the Initial Term; , Customer shall pay an "Underutilization Charge" equal to 25% of the unmet AVC. If Customer’s Total Service Charges do not reach the AVC in any Contract Year because the Agreement is terminated early by Customer without Cause or by Company with Cause, Customer shall pay an “Early Termination Charge” equal to 25% of the unmet AVC plus a pro rata portion of any credits received by Customer. Credits: One Time Credits: Customer will receive a credit two credits equal to $4,375 which will 12,000 to be applied against Customer's ’s designated Service Charges incurred for Interstate and International Services and any other services mutually agreeable by Company and Customer. Customer will receive three credits, one equal to $100,000, one equal to $20,000 and one equal to $30,000 to be applied against Customer’s designated Service Charges incurred for Interstate and International Services. Customer will receive a credit of $3,500 which will be applies against Customer’s interstate and international Total Service Charges.

Appears in 1 contract

Samples: enterprise.verizon.com

Underutilization and Early Termination Charges. If Customer's Total Service Charges do not reach the AVC in any Contract Year during the Initial Term; Customer shall pay an "Underutilization Charge" equal to 2550% of the unmet AVC. If Customer’s 's Total Service Charges do not reach the AVC in any Contract Year because the Agreement is terminated early by the Customer without Cause or by Company with Cause, Customer shall pay an “Early Termination Charge” equal to 2550% of the unmet AVC plus a pro rata portion of any credits received by Customer. Credits: One Credit(s): One-Time CreditsCredit: Customer will receive a $28,000 credit equal to $4,375 which will be applied against the Customer's designated Service Charges incurred for Interstate ’s intrastate and International Services.international services or any other services mutually agreeable by Customer and Company. Waivers:

Appears in 1 contract

Samples: enterprise.verizon.com

Underutilization and Early Termination Charges. If Customer's Total Service Charges do not reach the AVC AVC, in any Contract Year contract year during the Initial Term; , Customer shall pay an "Underutilization Charge" equal to 2550% of the unmet AVC. If Customer’s Total Service Charges do not reach the AVC in any Contract Year contract year because the Agreement is terminated early by Customer without Cause or by the Company with Cause, Customer shall pay an “Early Termination Charge” equal to 2550% of the unmet AVC plus a pro rata portion of any credits received by Customer. CreditsCredit: One One-Time CreditsCredit: Provided that Customer will executes and delivers the Agreement to the Company no later than an agreed upon date, Customer shall receive a credit equal to $4,375 2,000, which will be applied against Customer's designated Service Charges incurred for Interstate and International ServicesTotal Service Charges.

Appears in 1 contract

Samples: enterprise.verizon.com

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Underutilization and Early Termination Charges. If Customer's Total Service Charges do not reach the AVC in any Contract Year contract year during the Initial Term; Customer shall pay an "Underutilization Charge" equal to 25% of the unmet AVC. If Customer’s Total Service Charges do not reach the AVC in any Contract Year contract year because the Agreement is terminated early by Customer without Cause or by the Company with Cause, Customer shall pay an “Early Termination Charge” equal to 25% of the unmet AVC plus a pro rata portion of any credits received by Customer. Credits: One Time Credits: Customer will receive a credit two credits each equal to $4,375 which will 48,000 to be applied against Customer's designated Service Charges incurred for Interstate and International Services.

Appears in 1 contract

Samples: enterprise.verizon.com

Underutilization and Early Termination Charges. If Customer's Total Service Charges do not reach the AVC AVC, in any Contract Year contract year during the Initial Term; , Customer shall pay an "Underutilization Charge" equal to 2550% of the unmet AVC. If Customer’s Total Service Charges do not reach the AVC in any Contract Year contract year because the Agreement is terminated early by Customer without Cause or by the Company with Cause, Customer shall pay an “Early Termination Charge” equal to 2550% of the unmet AVC plus a pro rata portion of any credits received by Customer. CreditsCredit: One One-Time CreditsCredit: Provided that Customer will executes and delivers the Agreement to the Company no later than an agreed upon date, Customer shall receive a credit equal to $4,375 24,000, which will be applied against Customer's designated Service Charges incurred for Interstate and International ServicesTotal Service Charges.

Appears in 1 contract

Samples: enterprise.verizon.com

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