Achievement Credit. If at the end of any Contract Year, Customer’s Total Service Charges (excluding Company internationally billed services) equal one of the Revenue Achievement Targets specified below, Customer shall receive one of the corresponding Achievement Credit Amounts (“Achievement Credit”) as specified below. The Achievement Credit, plus applicable Taxes and Governmental Charges, will be applied against Customer's interstate and international Total Service Charges. Contract Year Target 1 Target 2 Target 3 Year 1 $31,659,676 $39,574,595 $47,489,514 Year 2 $31,766,890 $39,708,613 $47,650,335 Year 3 $28,378,555 $35,473,194 $42,567,833 Year 4 $27,073,795 $33,842,244 $40,610,693 Year 5 5 $27,315,787 $34,144,734 $40,973,680 Contract Year Total Service Charges Achievement Credit Amount Achievement Target 1 $1,600,000.00 Achievement Target 2 $1,800,000.00 Achievement Target 3 $2,000,000.00 Award of Achievement Credit: Customer will receive a credit equal to $2,000,000 (Achievement Target 3) to be applied against Customer’s Total Service Charges incurred for interstate and international services. Recurring Credits:
Achievement Credit. If at the end of any Contract Year, Customer's Total Service Charges (excluding Company internationally billed services) equal the level specified below, Customer shall receive the corresponding Achievement Credits. The Achievement Credit will be applied against Customer's designated Total Service Charges incurred for Interstate and International services. Contract Year - Total Service Charges Achievement Credit $1,500,000 $50,000 Waivers: Installation Waiver: Company will waive the one-time installation charges for the Services identified below, and related local loop access service, Provided by Company under the Agreement. Customer will receive this waiver benefit on any eligible service provided under the Agreement during the Term of service agreement of which it is a part. Usage charges, monthly recurring charges, expedite charges, change charges, surcharges, any charges imposed by third parties (including access, egress, jack, or wiring charges), taxes or tax-like surcharges, or Governmental Charges will not be waived. Company will waive Customer’s monthly recurring Access Coordination and Central Office Connection charges during the term. Payment Arrangements: Customer will pay all Company charges (except disputed amounts) within 30 days of receipt of invoice. Amounts not paid or disputed on or before 45 days from receipt of invoice date or such other due date set forth as provided above shall be considered past due, and subject to a late payment charge equal to the lesser of: (a) 1.5% per month, or (b) the amount indicated in a Service Attachment, or (c) the maximum amount allowed by applicable law, as applied against the past due amounts. Qualifying Conditions: Customer represents that it satisfies the following conditions as of the Effective Date: Customer is a business unit of an existing Company Customer that has a contract with a term greater than 88 months and usage charges greater than $5 Million Dollars per year. Customer is an existing Company customer; Initial Term: 96 months Minimum Annual Volume Commitment (“AVC”): Customer agrees to pay Company no less than the following in Total Service Charges each the (each, the “AVC”): Contract Year 6: $1,100,000 Contract Year 7: $ 750,000 Contract Year 8: $ 750,000 A “Contract Year” means each consecutive twelve-month period of the Term starting on the Effective Date.
Achievement Credit. If at the end of any Contract Year, Customer’s Total Service Charges (excluding Company internationally billed services) equal one of the levels specified below, Customer shall receive one of the following corresponding achievement credits (“Achievement Credit”). The Achievement Credit, plus applicable Taxes and Governmental Charges, will be applied against Customer's interstate and international Total Service Charges. Total Service Charges (% of Contract Year Total Service Charges above $6,000,000.00 $6,000,000 3% Billing Adjustment Credit - Cloud Managed Services Migration Credit: Subject to the terms of the Agreement and to provide Customer the benefit of the rates and discounts contained in this 3rd Amendment, as of the first day of the first full billing cycle following the 3rd Amendment Effective Date, Company will provide Customer with a billing adjustment credit equal to $500,000.00, plus applicable Taxes and Governmental Charges, for each of the first four (4) years of the Term. Each credit will be applied on the twelve (12) month anniversary of the Effective Date of the 3rd Amendment, culminating after a total of four credits have been applied. Customer must designate, in writing, within 30 calendar days from execution of this 3rd Amendment where credits are to be applied in full, or Company may elect to apply the credit to the oldest Customer balances. The credit may be divided among no more than ten (10) Customer account numbers, and will be applied against Customer’s Total Service Charges incurred for interstate and international services. Option: 70147506 Initial Term: 12 months Upon expiration of the Term, the Agreement will be automatically extended 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. Annual Volume Commitment (“AVC”): $300.00 in Total Service Charges (“AVC”) during each contract year of the Term.
Examples of Achievement Credit in a sentence
The Achievement Credit will be applied against Customer's designated Total Service Charges incurred for Interstate and International services and any other services mutually agreeable by the Company and Customer.
The Achievement Credit will be applied against Customer's designated Total Service Charges incurred for Interstate and International services and any other services mutually agreeable by Company and Customer.
The Achievement Credit will be applied against Customer's designated Total Service Charges incurred for Interstate and International services.
The Achievement Credit, plus applicable Taxes and Governmental Charges, will be applied against Customer's interstate and international Total Service Charges.
The Achievement Credit will be posted in the second full monthly billing cycle following the end of the relevant Contract Year.
More Definitions of Achievement Credit
Achievement Credit. If at the end of any Contract Year, the total Customer's Contributing Charges paid to Company equal one of the levels specified in the table below ("Credit Levels"), Customer shall be entitled to receive one of the corresponding achievement credits set out below ("Achievement Credit"). Achievement Credits shall be applied against Customer's interstate and international Contributing Charges for Network Services during the following Contract Year. Credit Level Total Annual Contributing Charges paid during the Contract Year Contract Year Level 1 $3,360,000 1.50% Level 2 $3,860,000 2.00% Level 3 $4,360,000 2.50% Level 4 $4,860,000 3.00% Level 5 $5,360,000 3.50% Level 6 $5,860,000 4.00% * Applicable taxes and surcharges shall be added to the above amounts. Payment Arrangements: Customer shall pay Company invoices (except disputed amounts) within 30 days of the invoice date. Option 69486805 Jun. ‘14
Achievement Credit. If at the end of any Contract Year, Customer’s Total Service Charges (excluding Company internationally billed services) equal one of the levels specified below, Customer shall receive one of the following corresponding achievement credits (“Achievement Credit”). The Achievement Credit will be applied against Customer's interstate and international Total Service Charges. Contract Year - Total Service Charges Achievement Credit Amount $1,000,,000 + $50,000 Migration Credit: Customer shall receive a one-time credit equal to $75,000, to reimburse Customer for costs and expenses incurred by Customer to migrate its Secure Gateway Service and such credit will be applied in monthly billing period 3 of the Term following the Effective Date. Credit will be applied against Customer’s Total Service Charges incurred for interstate and international services. Qualifying Condition: Customer must install at least 3 Universal Ports of 10M or greater bandwidth each within 4 months following the Effective Date. Should Customer not satisfy this condition, Company reserves the right to debit Customer’s account for the above credit. Waivers:
Achievement Credit. If at the end of any Contract Year, Customer’s Total Service Charges (excluding Company internationally billed services) equal the level specified below, Customer shall receive the following corresponding achievement credit (“Achievement Credit”). The Achievement Credit, plus applicable Taxes and Governmental Charges, will be applied against Customer's interstate and international Total Service Charges. Contract Year - Total Service Charges Achievement Credit Amount $1,670,000+ $83,333.33 Award of Achievement Credit: Customer will receive an achievement credit equal to $83,333.33 to be applied against Customer’s Total Service Charges incurred for interstate and international services. Payment Arrangements: Customer will pay all Company charges (except disputed amounts) within 30 days of invoice date. Promotion: The Customer is eligible for the following promotions as set forth in the Guide: General Installation Waiver Promotion – v6.0
Achievement Credit. If at the end of any Contract Year, Customer’s Total Service Charges (excluding Company internationally billed services) equal one of the levels specified below, Customer shall receive one of the following corresponding achievement credits (“Achievement Credit”). The Achievement Credit, plus applicable Taxes and Governmental Charges, will be applied against Customer's interstate and international Total Service Charges. Contract Year - Total Service Charges Achievement Credit Amount Year One $6,190,000.00 and above $43,000.00 Year Two $6,190,000.00 and above $43,000.00 Year Three $6,190,000.00 and above $43,000.00 Award of Achievement Credits: Customer will receive an Achievement Credit equal to $35,833.33, plus applicable taxes and surcharges and will be applied against Customer's designated Total Service Charges incurred for Interstate and International services and any other services mutually agreeable by the Company and Customer. Waivers: Paper Invoice Fee Waiver Installation Waiver Affiliate: “Affiliate” means, with respect to Customer, any existing or future business entity: (a) in which Customer directly or beneficially owns at least 50% of that entity’s equity or similar ownership interest; or (b) which owns at least 50% of Customer’s equity or similar ownership interest. OPTION NO: 66745903 Initial Term: 36 months Upon expiration of the Term, the Agreement will be automatically extended 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”). The terms of the Agreement will continue to apply during any service-specific commitments that extend beyond the Term. Annual Volume Commitment (“AVC”): $36,000 in Total Service Charges (“AVC”) during each contract year of the Term.
Achievement Credit. If at the end of any Contract Year during the Initial Term, Total Service Charges (including Company internationally billed services, ILEC, Company Professional Services and Cybertrust Services but not including Company Wireless) equals one of the levels specified below, Customer shall receive one of the following corresponding achievement credits (“Achievement Credit”). Contract Year – Total Service Charges Achievement Credit Amount $2,850,000.00 - $3,549,999.99 $100,000.00 $3,550,000.00 - $4,049,999.99 $250,000.00 $4,050,000.00+ $300,000.00 Waivers:
Achievement Credit. If at the end of any Contract Year, Customer’s Contributing Charges equals or exceeds level specified below, Customer shall receive the following corresponding achievement credits as specified below (“Achievement Credit”). The Achievement Credit, plus applicable Taxes and Governmental Charges, will be applied against Customer's interstate and international Contributing Charges. Contract Year Contract Year – Contributing Charges Achievement Credit (% of Contract Year Contributing Charges Contract Year 1 Equals or Exceeds $1,000,000 5% Contract Year 2 Equals or Exceeds $1,250,000 5% Contract Year 3 (and Contract Year 4, if applicable) Equals or Exceeds $1,500,000 5% Qualifying Conditions: Customer satisfies the following conditions as of the Amendment Effective Date: Customer is or will be divested from another corporation that had a service agreement with Company that had a value in excess $15,000,000; Prior to divestiture, Customer was eligible to receive services from Company as part of a service agreement for an existing Company customer that had a value in excess $15,000,000. Waivers:
Achievement Credit. If, at the end of any Contract Year, Customer has installed additional International Private IP or Domestic IP locations over and above those installed in previous Contract Years, Customer shall receive an Achievement Credit equal to $3,250 for each such location added up to a maximum of 20 locations in the aggregate. Recurring Credits: