Minimum Payment Period definition
Examples of Minimum Payment Period in a sentence
PcoMed’s conversion right is PcoMed’s sole and exclusive remedy for Integra’s failure to satisfy the Minimum Payment for any Minimum Payment Period.
The initial term of this Agreement (the “Initial Term”) shall commence on the Effective Date and shall end on the date that payment is due for Minimum Payment Period 7, pursuant to Section 2.4 hereof and as set forth in Attachment B hereof, unless earlier terminated as provided herein.
The Minimum Payment applicable to each Minimum Payment Period shall be due annually on or before 45 days after the last day of each Minimum Payment Period.
In the event that Integra fails to satisfy the Minimum Payment for any Minimum Payment Period, PcoMed may, at its sole election, give notice, as set forth in Section 3.2, for conversion of Integra’s exclusive arrangement under Section 3.1 to a non-exclusive arrangement.
At the end of the Term (but subject to any existing Minimum Payment Period), Customer may continue Service under a month- to-month service arrangement at the prices, terms and conditions in effect on the last day of the Term; however, upon expiration of the Term or applicable MPP, whichever is later, AT&T may change such prices, terms or conditions on 30 days’ prior notice to Customer and either party may terminate such service arrangement upon thirty (30) days’ notice.