Excess Volume definition
Examples of Excess Volume in a sentence
Volume Fees for Excess Volume will be reviewed and invoiced quarterly in arrears.
In case the Parties have not agreed upon Volume Fees in the applicable Quote, Customer shall promptly execute a Quote covering the Excess Volume.
Excess Volume will be reviewed annually at the end of each Contract Year, and following such review, the amount of Excess Volume will be automatically added to the Contractual Use, and the Subscription Fee will be increased by an amount equal to the associated Volume Fees, for all future Contract Years unless Customer notifies HiveMQ in writing, prior to the end of the relevant Contract Year, that Customer expects its usage volume will decrease under the Contractual Use level going forward.
The Shortfall Credit shall be posted as a credit to TRMC's account, and shall be applied in subsequent Monthly invoices against amounts owed by TRMC for Incremental Volume Throughput Fees and Excess Volume Throughput Fees during any of the succeeding three (3) Months.
Seller shall have the right, but not the obligation to supply all or any portion of such volumes requested by Buyer, provided that (i) within (2) business days after such request is made Seller confirms in writing the amount (if any) of Excess Volume it agrees to deliver and (ii) Seller can make such deliveries within Buyer’s requested delivery schedule.