Consumption basis definition

Consumption basis or “consumption-based” means any offering that is metered with charges that accrue on a predetermined periodic basis (e.g., per second, minute, hour, week, month, or another per-unit basis) and is billed based on actual usage during an elapsed period with predetermined pricing or discounts.
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Consumption basis means any solution that is metered and billed on a predetermined periodic basis (e.g. per second, hour, week, or month) and is billed based on actual usage during an elapsed period with predetermined pricing or rates.
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Consumption basis or “consumption-based” means any offering that
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Examples of Consumption basis in a sentence

  • For each Application Workload used on a Consumption basis, the Consumption Fee shall be calculated by multiplying together the following: the Token Price, the applicable Token Rate, and the Consumption Time for such Application Workload.

  • Clause 8.8 shall apply if the Services are to be provided on a Consumption basis.

  • Clause 7.9 shall apply if the Services are to be provided on a Consumption basis.

  • Clause 7.8 shall apply if the Services are to be provided on a Consumption basis.

  • As an illustrative example, for each Application Workload used on a Consumption basis, the Consumption Fee will be calculated by multiplying together the following: the Token Price, the applicable Token Rate, and the Consumption Time for such Application Workload.

  • Clause 9.7 shall apply if the Services are to be provided on a Consumption basis.

  • Clause 0 shall apply if the Services are to be provided on a Consumption basis.

  • Services are provided on a Metered Consumption basis as more particularly explained in the MK/IO Resource Documents.

  • Services are provided on a Metered Consumption basis as more particularly explained in the ▇▇.▇▇ Resource Documents.

  • This Master Flexible Consumption Agreement (this “Master Agreement” or “MFCA”) is made effective as of April 25, 2022 (the This MFCA governs Customer's access to and use of a configuration of Products on a Flexible Consumption basis at an agreed Customer location, as described in one or more separately executed Flex Consumption Schedules (the “Schedule(s)”).