Annual Commitment definition
Examples of Annual Commitment in a sentence
Such additional Named Users shall become part of the Minimum Annual Commitment for subsequent years, on the anniversary date of each contract year or upon renewals under the Agreement.
The Parties desire to have only one closing on the sale and purchase of the Shares per year during the Subscription Period; however, the Parties may mutually agree to hold more than one closing per year provided that the aggregate amount of Shares to be sold in any one calendar year shall not exceed the lesser of the BUSA Annual Contribution Amount and the Annual Commitment Amount for such year.
Any reduction pursuant to this Section shall not affect the Minimum Annual Commitment.
Adjustments to year-two commitments will be necessary if there are changed circumstances such as changes in Administrator/NPM priorities, revisions required by USEPA’s Annual Commitment process, a substantial reduction or increase in USEPA funding, and similar issues experienced at the state levels.
Adjustments to year-two commitments will be necessary if there are changed circumstances, that can include, for example, changes in Administrator/NPM priorities, revisions required by EPA’s Annual Commitment process, or a substantial reduction or increase in EPA funding.