Eligible Spend definition
Examples of Eligible Spend in a sentence
In connection with determining MSC Eligible Spend for the purposes of Sections 7.1(d) and (h), TELUS will convert any MSC Eligible Spend received from TIHUS in United States dollars from United States currency to Canadian currency in order to create a consolidated MSC Eligible Spend amount expressed in Canadian dollars.
If you are given a refund for a purchase, this will be deducted from the Eligible Spend used to calculate the value of your monthly cashback award.
For such calculation TELUS will use the Bloomberg United States to Canadian currency exchange rate posted at the close of business on the last day of the Initial Contract Period or Contract Year for which the MSC Eligible Spend relates, as applicable.
Notwithstanding the foregoing, where Services are terminated pursuant to a Termination for Default or a Termination for Force Majeure, and as a result of such termination, the Fees constituting MSC Eligible Spend were below the MSC Floor, TELUS will adjust the MSC Floor, on a dollar-for-dollar basis, based on the amount by which such termination caused the MSC Eligible Spend to fall below the MSC Floor.
In the event of a Termination for Business or Technological Change during a particular Contract Year, as a result of which the MSC Eligible Spend for such Contract Year is below the MSC Floor, TELUS shall replace such lost MSC Eligible Spend with other MSC Eligible Spend by the end of the then-current Contract Year having a value equal to the difference between the estimated MSC Eligible Spend for such Contract Year, but for the termination, and the MSC Floor.