Minimum Revenue Commitment definition

Minimum Revenue Commitment has the meaning set forth in Section 2.2(a).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Minimum Revenue Commitment means the minimum amount the Customer is required to pay BT, as set out in any applicable Order.

Minimum Revenue Commitment means the minimum number of Users (as set out in your Order) that will use

Examples of Minimum Revenue Commitment in a sentence

Notwithstanding the previous sentence, any deficiency owed by HFRM due to its failure to satisfy any Minimum Revenue Commitment, if any, set forth on Exhibit C, as to any Applicable Asset for a Contract Quarter shall be offset by any revenue owed to HEP Operating in excess of any Minimum Revenue Commitment for such Contract Quarter set forth on Exhibit C from any other Applicable Asset at the same location.
The Deficiency Notice shall (i) specify in reasonable detail the nature of any deficiency and (ii) specify the approximate dollar amount that HEP Operating believes would have been paid by HFRM to HEP Operating if HFRM had complied with its Minimum Revenue Commitment obligations pursuant to this Agreement (the “Deficiency Payment”).
The principal objective of HEP Operating is for HFRM to meet or exceed its obligations with respect to the Minimum Revenue Commitment.
The fact that HFRM has exceeded or fallen short of the Minimum Revenue Commitment with respect to any Contract Quarter shall not be considered in determining whether HFRM meets, exceeds or falls short of the Minimum Revenue Commitment with respect to any other Contract Quarter, and the amount of any such excess or shortfall shall not be counted towards or against the Minimum Revenue Commitment with respect to any other Contract Quarter.
The Deficiency Charge will be due at the same time payment is due for Service provided to Customer, or immediately in an amount equal to Customer's Minimum Revenue Commitment for the unexpired portion of the Service Term, if WorldCom terminates this Agreement based on Customer's default.

More Definitions of Minimum Revenue Commitment

Minimum Revenue Commitment means the monthly amount that Customer commits to be charged by Rogers, regardless of the number of Lines activated for the IoT Connectivity Services.

Minimum Revenue Commitment means the minimum amount of revenue that you agree to achieve from the Minimum Period Start Date, as set out in Paragraph 8.11.

Minimum Revenue Commitment shall have the meaning given in Schedule G.

Minimum Revenue Commitment means the value of services that Health Net agrees to acquire from Supplier pursuant to this Section 2 (Minimum Revenue Commitment). (i) During the period of July 1, 2015, to December 31, 2015, Health Net shall acquire from Supplier services pursuant to the Agreements with an aggregate charge of at least *** Dollars ($***). (ii) During the years 2016 through 2020, Health Net agrees to acquire services pursuant to the Agreements with an aggregate minimum charge in each calendar year as follows: Minimum Revenue Commitment (Staff Augmentation, AO and BPO Agreements Combined) $*** $*** $*** $*** $***

Minimum Revenue Commitment means a revenue commitment set forth in an Attachment that CUSTOMER agrees to satisfy during a specified Commitment Period. If the Commitment Period is twelve months, the Minimum Revenue Commitment may be referred to as a Minimum Annual Revenue Commitment, or MARC.

Minimum Revenue Commitment or “MRC” has the meaning given in Schedule C (Charges).

Minimum Revenue Commitment means the minimum amount you are required to pay BT per month throughout the duration of the Contract, as set out in any applicable Order.