Minimum Commitment Fees definition

Minimum Commitment Fees. The minimum Fees set forth in a Service Order, defining the scope of Customer’s purchase commitment for the Subscription Term. Minimum Commitment Fees may be set forth for a monthly, annual, biannual or other basis. Fees incurred during the period of time per which the Minimum Commitment Fees are assessed in excess of the Minimum Commitment Fees will not roll-over to reduce minimums in any other period. If Minimum Commitment Fees are set forth on a basis other than monthly, the Minimum Commitment Fees will be: (a) recalculated on a monthly basis for the purpose of assessing Service Availability Credit pursuant to a Service Level Agreement; and, (b) unless otherwise stated in the Agreement, true-up calculations to determine whether the Minimum Commitment Fees have been met will be conducted on a quarterly basis.

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Minimum Commitment Fees means the Fees associated with minimum commitments, as specified in the Order Form.

Minimum Commitment Fees. The minimum Fees set forth in a Service Order, defining the scope of Customer’s purchase commitment for the Subscription Term. Minimum Commitment Fees may be set forth for a monthly, annual, biannual or other basis. Fees incurred during the period of time per which the Minimum Commitment Fees are assessed in excess of the Minimum Commitment Fees will not roll-over to reduce minimums in any other period. Unless otherwise stated in the Agreement, if Minimum Commitment Fees are set forth on a basis other than monthly, the Minimum Commitment Fees true-up calculations to determine whether the Minimum Commitment Fees have been met will be conducted on a quarterly basis.

Examples of Minimum Commitment Fees in a sentence

Except as otherwise provided in an applicable Service Order, Customer is obligated to meet the Minimum Commitment Fees.
Rates as specified in Service Orders are subject to Customer’s fulfillment of the Initial Subscription Term and the Minimum Commitment Fees (if any Minimum Commitment Fees are specified) under the applicable Service Order.
If Customer does not fulfill the Initial Subscription Term (and/or any Minimum Commitment Fees, if applicable), Customer Rates will accrue at 100% of list subscription price for month-to- month Subscription Terms.
If Customer does not fulfill the Initial Subscription Term (and/or any Minimum Commitment Fees, if applicable), Customer Rates will accrue at 100% of list subscription price for month-to-month Subscription Terms.
Monthly Minimum Commitment Fees will be invoiced monthly in advance throughout the term of the contract.
Minimum Commitment Fees (whether minutes or dollars) that are not utilized by Customer during the month for which they were committed may not be carried forward into the next month’s usage.