Commitment Value definition
Commitment Value is a Customer commitment to a minimum value of expenditure with SAP over the Contract Term, as specified in the ‘Commitment Value’ Section of the Order Form.
Commitment Value is a prepayment value and Customer commitment to a minimum value of expenditure, as detailed in Section 2.2.
Commitment Value means the value of the Commitment for the purposes of determining Spending Authority.
Examples of Commitment Value in a sentence
The Commitment Value cannot be carried over after the Contract Term has expired.
If a classroom event is cancelled, the value of that cancelled classroom event within the Individual Order for that classroom event will not be counted in the calculation of the Commitment Value.
Specifically, Customer will not be entitled to any Discount after expiration of the Contract Term and any Individual Orders placed after the Contract Term will not be counted towards calculation of the Commitment Value.
In the event the Customer cancels, any cancellation fees charged to the Customer will not be counted in the calculation of the Commitment Value.
The Commitment Value is specified in the ‘Commitment Value’ section of the Order Form.
Training services ordered or delivered prior to the start of the Contract Term or after expiration of the Contract Term, regardless of whether the same or similar training services are included in the scope of the SAP Training and Adoption PlusPackage arrangement, shall not be counted in the calculation of the Commitment Value.
The Commitment Value cannot be transferred to another SAP Training and Adoption PlusPackage arrangement.
The Bonus is not counted towards calculation of the required Commitment Value.
Training services ordered or delivered prior to the start of the Contract Term or after expiration of the Contract Term, regardless of whether the same or similar training services are included in the scope of the SAP Learning PlusPackage arrangement, shall not be counted in the calculation of the Commitment Value.
The Commitment Value cannot be transferred to another SAP Learning PlusPackage arrangement.
More Definitions of Commitment Value
Commitment Value means the product of the Commitment Shares multiplied by the closing price of the Company’s common stock on the Closing Date. Any additional shares of Common Stock issuable pursuant to Section 1.d are referred to herein as “True-up Shares.” The Holder shall not submit more than one True-Up Notice. The True-up Shares, if required to be issued pursuant to this Note, shall be issued as provided in this Note, provided, however, that in no event shall the Holder be entitled to receive shares of common stock in excess of the amount that would result in beneficial ownership by the Holder and its affiliates of 9.99% of the outstanding shares of Common Stock at that time. For purposes of the proviso to the immediately preceding sentence, beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Regulations 13D-G thereunder. Accordingly, the True-up Shares, if required to be issued pursuant to this Note, shall be issued in accordance with the beneficial ownership limitations contained herein, and in successive tranches (each an “Additional Tranche”) if the issuance of one tranche would result in the Holder’s beneficial ownership of more than 9.99% of the outstanding shares of Common Stock at that time. The Company shall issue each respective Additional Tranche of the True-up Shares, if required under this Note, within two (2) Trading Days of the request by Holder, subject to the beneficial ownership limitations contained herein. If the Company fails to issue the True-up Shares or any Additional Tranche within the timeframe specified in this Note, then the amount of Additional Shares in which Holder is entitled shall automatically be multiplied by two. The Company shall at all times reserve shares of its Common Stock for Holder in an amount equal to 300% multiplied by (X) the quotient of the Commitment Value divided by the lowest traded price of the Common Stock during the five Trading Days immediately preceding the respective date of calculation, multiplied by 1.5, less (Y) the Original Shares.
Commitment Value means the product of the Commitment Shares multiplied by the closing price of the Company’s common stock on the Closing Date. Any additional shares of Common Stock issuable pursuant to Section 1.d are referred to herein as “True-up Shares.” The True-up Shares, if required to be issued pursuant to this Note, shall be issued as provided in this Note, provided, however, that in no event shall the Holder be entitled to receive shares of common stock in excess of the amount that would result in beneficial ownership by the Holder and its affiliates of 4.99% of the outstanding shares of Common Stock at that time. For purposes of the proviso to the immediately preceding sentence, beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Regulations 13D-G thereunder. The Company shall at all times reserve shares of its Common Stock for Holder in an amount equal to 300% multiplied by (X) the quotient of the Commitment Value divided by the lowest traded price of the Common Stock during the five Trading Days immediately preceding the respective date of calculation, multiplied by 1.5, less (Y) the Original Shares.
Commitment Value shall be determined on the basis of the unit prices set forth in Exhibit A, on a DDP basis, calculated before taking into consideration any discounts set forth in Exhibit A. For the purpose of the section "Affiliate" shall include any Brazilian company of which more than fifty percent (50%) of the shares are held by any shareholders or group of shareholders of TeleNorte.
Commitment Value is a Customer commitment to a minimum value of expenditure with SAP over the Contract Term, as specified in the ‘Commitment Value’ Section of the Order Form. 1.6. “Confidential Information” means: a) with respect to Customer: i. the Customer Data, ii. Customer marketing and business requirements, iii. Customer implementation plans, and/or iv. Customer financial information, and b) with respect to SAP: i. the Learning Hub and SAP Learning System Access products as well as the SAP training services, and ii. information regarding SAP research and development, product offerings, pricing and availability. c) Confidential Information of either SAP or Customer also includes information which the disclosing party protects against unrestricted disclosure to others that: i. the disclosing party or its representatives designates as confidential at the time of disclosure, or ii. should reasonably be understood to be confidential given the nature of the information and the circumstances surrounding its disclosure. 1.7. “Contract Term” means the fixed term period in which the SAP Learning PlusPackage is valid, as specified in the ‘Contract Term’ Section of the Order Form. 1. DEFINIÇÕES 1.1. “Filial” de uma parte designa qualquer entidade jurídica na qual uma parte, direta ou indiretamente, detenha mais de cinquenta por cento (50%) das ações ou direitos de voto de tal entidade. Qualquer entidade jurídica será considerada como uma Filial durante todo o período em que tal interesse se mantenha. 1.2. “Contrato” designa ▇▇▇▇▇ Termos e Condições SAP Learning PlusPackage e o Formulário de Encomenda assinado e aceite pelas Partes. 1.3. “Desconto” a percentagem de desconto indicada na Secção ‘Desconto’ do Formulário de Encomenda. 1.4. “Parceiro de Negócios” designa uma entidade jurídica que precisa de utilizar um serviço de formação, no âmbito das operações empresariais internas do Cliente e respetivas Filiais. Pode ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇ de serviços e/ou fornecedores do Cliente. 1.5. “Valor de Compromisso” constitui um compromisso, por parte do Cliente, relativo a um valor mínimo de despesa com a SAP durante o período de Vigência do Contrato, tal como indicado na Secção ‘Valor de Compromisso’ do Formulário de Encomenda. 1.6. “Informação Confidencial” designa: a) no que se refere ao Cliente: i. os Dados do Cliente, ii. os requisitos de marketing e empresariais do Cliente, iii. os planos de implementação do Cliente, e/ou iv. as informações financeiras do Cl...