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.

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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

In such case, such reduced percentage and Minimum Commitment shall apply until Catalent has no Supply Failures for a [***]-month period in which case the percentage and Minimum Commitment, respectively, shall revert to the amounts set forth in Section 4.1. Notwithstanding the foregoing, if Catalent has [***] or more Supply Failures within a [***]-month period, the parties will meet and agree on and implement a delivery improvement action plan within [***] business days.
Any cancellation of Purchase Orders in accordance with this Section 4.4 shall not constitute a breach of this Agreement by Catalent nor shall it absolve Client of its obligation in respect of the Minimum Commitment.
Notwithstanding the foregoing, in the event of a Supply Failure as defined below, the Minimum Commitment shall be adjusted pursuant to Section 5.6 below.
Any amounts paid by Client pursuant to this Section 4.5(B) shall be counted toward the Minimum Commitment for the applicable Contract Year.
Neither changes to nor postponement of any Batch of Product, nor the payment of the fees described in this Section 4.5, will reduce or in any way affect the Minimum Commitment obligations set forth in Section 4.1.

More Definitions of Minimum Commitment

Minimum Commitment means $10,000,000.

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

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 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 the minimum monthly usage commitment stated on ATTACHMENT A. The calculation to determine whether Customer has met the MINIMUM COMMITMENT shall be based on Customer's invoiced NET USAGE.