Minimum Commitment definition

Minimum Commitment means any minimum commitment of time and usage for use of the Services by You during the Term of this Agreement.

Minimum Commitment has the meaning specified therefor in Section 2.3(a) of this Agreement.

Minimum Commitment has the meaning set forth in Section 4.1.

Examples of Minimum Commitment in a sentence

• The Company shall, in accordance with Section 2.2(a), deliver to Investor during the Commitment Period, Put Notices with an aggregate Investment Amount at least equal to the Minimum Commitment Amount.

• If the Company for any reason fails to issue and deliver such Put Shares during the Commitment Period, on the first Trading Day after the expiration of the Commitment Period, the Company shall wire to Investor a sum in immediately available funds equal to the product of (i) the Minimum Commitment Amount minus the aggregate Investment Amounts of the Put Notices delivered to Investor hereunder, and (ii) the Discount.

• Citizens is entitled to increase or decrease the number of Authorized Users on an as-requested basis; provided, however, that Citizens agrees to maintain the Minimum Commitment unless the Parties otherwise agree to adjust the Minimum Commitment through an amendment to Exhibit A.

• Without prejudice to section 2.2(e), in the event You have agreed to a Minimum Commitment and You do not meet it in any given month, quarter or year (as applicable) You shall pay the shortfall equal to the difference between the Minimum Commitment less any actual usage made by You during that particular period.

• Unless otherwise provided for in Exhibit A and subject to the Minimum Commitment, if Citizens elects to change the number of Authorized Users, Vendor shall reduce or increase the number of Authorized Users and adjust the Services Fees accordingly no later than five (5) business days from Citizens’ written request via a formal amendment.

More Definitions of Minimum Commitment

Minimum Commitment means $10,000,000.

Minimum Commitment means the agreed minimum spend of the Customer during the Initial Term and/or any Renewal Term, in respect of the Services as set out in the relevant Schedules and Order/s.

Minimum Commitment shall have the meaning ascribed to such term in Section 13.1(b) hereof.

Minimum Commitment means the minimum Licence Period or Services period signed up to in an Order (if not stated in an Order, then 12 months (in relation to Managed Payroll Services, 12 payroll payments);

Minimum Commitment means sixty percent (60%) of the Initial Commitment.

Minimum Commitment shall have the meaning set forth in Section 2.1.

Minimum Commitment means One Hundred Twenty Million Dollars ($120,000,000), which is the minimum amount of On-Net Telecommunications Services in United States dollars to be purchased by WinStar pursuant to the terms hereof prior to the expiration of the fifth anniversary of the Effective Date. Such amount is included in the Contract Price.