Minimum MRC definition

Minimum MRC or “Minimum Technology MRC” means the minimum monthly recurring charges (“MRC”) amount that Customer is required to pay for the Cloud Servic es excluding NRC and Network Connectivity charges (if applicable), for the duration of the Subscription Term.
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Minimum MRC means the minimum MRC you are required to pay each month for the Platform; for clarity, Minimum MRC does not include NRC, professional services fees, or Network Connectivity MRC.
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Minimum MRC means the minimum monthly amount that Customer is required to pay for the Cloud Services, excluding telecom-related charges (if applicable), for the duration of the Subscription Term as reflected in a Schedule.
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Examples of Minimum MRC in a sentence

  • OC-12 SmartRing Minimum MRC: Customer agrees to pay a minimum monthly recurring charge of $10,200 for OC-12 SmartRing Service.

  • OC-12 SmartRing Monthly Underutilization Charges: If in any monthly period, Customer’s Total Service Charges for OC-12 SmartRing Service do not meet or exceed the OC-12 SmartRing Minimum MRC, then Customer musts pay: (i) all accrued but unpaid charges incurred under the Service Attachment; and (ii) an “Underutilization Charge” in an amount equal to 100% of the difference between Customer’s Total Service Charges for OC-12 SmartRing Service and the monthly recurring charge during such monthly period.

  • An employee who is elected as an officer of the National Education Association or the Michigan Education Association will be granted a leave without pay, fringe benefits, or seniority accrual for a period not to exceed two years, providing the employee has been in the employ of the District for a minimum of three continuous years.

  • WFM Enterprise products where it is agreed in a Schedule that they are invoiced on MRC basis, if the Customer’s usage of the Cloud Services in any month of the Subscription Term exceeds thirty (30%) percent of the Minimum MRC, the fees for such month shall be calculated and invoiced using the following equation: actual usage + actual usage*10%.

  • The Customer understands and acknowledges that the Minimum MRC agreed is a minimum only and that the Customer shall be obligated to make payment for the actual usage of the Cloud Services reflected in the Supplier’s invoices regardless of whether the Customer has issued a purchase order.

  • The Customer shall be invoiced based upon actual usage of the Cloud Services by the Customer, unless utilized quantities of Cloud Services would result in a dollar value less than the Minimum MRC, in which case the Customer shall be invoiced the Minimum MRC for such month.

  • If Agent fails to meet the Minimum MRC requirements, then White Label Operator Name, in addition to its other rights under the Agreement, will have the right to terminate the Agreement for convenience; During the term of the Agreement, maintain worker’s compensation insurance as may be required by law, and comprehensive general liability and automobile insurance, each in an amount not less than $1,000,000 per occurrence.

Related to Minimum MRC

  • Minimum DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.

  • Minimum Term means the minimum initial period of service for each Service as shown on the Service Agreement and Order Schedule, such period to start on the date on which the relevant Service is first made available to you for use. For the avoidance of doubt, unless otherwise agreed the minimum term will be 12 months from your contract commencement date or other such date as may be notified to you in accordance with paragraph 19.2.

  • Contract Minimum Investment Requirement means, with respect to the Project, investment by the Company and any Sponsor Affiliates of at least $2,500,000 in Economic Development Property subject (non-exempt) to ad valorem taxation (in the absence of this Fee Agreement).

  • Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

  • Minimum Equity Amount shall have the meaning provided in the recitals to this Agreement.