IDT Customers definition
Examples of IDT Customers in a sentence
For example, if there are [ ]* IDT Customers on PSI's Network, the applicable base charge of [ ]* shall apply to the entire Customer base.
IDT shall assign, transfer and convey to TI USA ISP the IDT Customer accounts, registrations, agreements, lists and other information and the right to service such IDT Customers, in accordance with the terms and conditions set forth in Section 7 hereto.
GMC shall receive 15% of gross profits, which shall be defined as gross revenues, minus direct costs incurred, collected by IDT from GMC's Customers and shall be calculated from monies that IDT actually receives from GMC's Customers who were not previously IDT Customers.
IDT shall idemnify and hold harmless PSI and PSI's directors, officers, employees, agents and advisors from and against any and all claims of other persons or entities arising out of material, data, information or other content transmitted by IDT Customers or other acts or omissions IDT and/or its Customers.
If on the date which is six (6) months from the Effective Date, the annualized revenue from the IDT Customers for the sixth month after the Effective Date shall be less than the annualized revenue for the same IDT Customers determined in the ISP Due Diligence Investigation, IDT shall deliver to TI a percentage of the TI Shares purchased by IDT in the TI IPO equal to such percentage decline in annualized revenues.
Additional Users obtained by IDT shall be entitled to use the Network through IDT in the same manner and to the same extent as other IDT Customers.
The Network shall be properly maintained, serviced and upgraded by PSI as it, in its sole discretion, shall determine is necessary in order to ensure connectivity to IDT Customers.
In the event that PSI chooses not to purchase the IDT Customers and IDT chooses not to remit to PSI the amount stated above in subparagraph (a), PSI shall continue to service the Customers [ ]* specified in paragraph 4.1 hereof for a period of sixty (60) days following such failure by IDT to provide the minimum monthly revenue payment, in order to assure a smooth transition for said customers.
On the execution of this Agreement, and on the first day of each month thereafter throughout the term of this Agreement, IDT agrees to pay PSI for each of IDT's Customers who is then or was at any time during the immediately preceding month authorized to use PSI's Network a base charge pursuant to the following schedule: [ ]* The applicable base charges above are to be applied to all IDT Customers irrespective of the rate that previously was applied to each group of Customers.