Monthly Commitment definition

Monthly Commitment has the meaning set forth in Section 3.6.
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Monthly Commitment means the number of monthly Transactions committed in the applicable Order Document.
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Monthly Commitment means the Fees for a Subscription (excluding Fees for Professional Services and Platinum Support or other services set forth in an Order Form) divided by the number of months during the applicable Subscription Term.
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Examples of Monthly Commitment in a sentence

  • Customer must maintain a Minimum Monthly Commitment Level (“MMCL”) of Service.

  • The Borrowing Base and Monthly Commitment Reduction shall be determined in accordance with the standards set forth in Section 2.02(d) and is subject to periodic redetermination pursuant to Sections 2.02(b) and 2.02(c).

  • Transactions processed in excess of the Monthly Commitment will be charged Excess Limit Fees.

  • Such Borrowing Base and the Monthly Commitment Reduction shall remain in effect until the next redetermination made pursuant to this Section 2.02.

  • In connection with, and as of, each determination of the Borrowing Base, the Banks shall also redetermine the Monthly Commitment Reduction.

  • If, at the end of the Month, Shipper has not satisfied the Monthly Commitment, Shipper shall pay the Item 220- 230 Commodity Rates.

  • It is expressly understood that the Banks have no obligation to designate the Borrowing Base or the Monthly Commitment Reduction at any particular amounts, except in the exercise of their discretion, whether in relation to the Revolving Commitment or otherwise.

  • An illustrative example of the quarter-to-date calculation of the Minimum Monthly Commitment and applicable Throughput Charges for such quarter is attached hereto as Exhibit C.

  • A Monthly Commitment fee will not be charged for (i) the month in which Services begin, or (ii) the last month of Services.

  • The Monthly Commitment Level shall be defined as either(a) the average of the three (3) highest monthly Services Fee charged to Customer in the preceding six (6) months; or (b) if Customer has not purchased at least six (6) months of Services, the highest monthly Services Fee charged to Customer in the preceding three (3) months B.


More Definitions of Monthly Commitment

Monthly Commitment. The following Monthly Commitment(s) shall apply to the identified Channel(s) and functionality beginning on the Service Start Date subject to the Additional Terms below: LiveOps Channels and functionality Monthly Commitment Fee Per Unit[1] Unit LiveOps Voice (w/ Saleforce CTI) Per Concurrent/Named User; Per Month LiveOps Chat & Email Per Concurrent/Named User; Per Month LiveOps Social (Facebook, Twitter) Per Concurrent/Named User; Per Month Multichannel Bundle Per Concurrent/Named User; Per Month Technical Services (See the Service Description attached as Schedule #1 for additional details): STANDARD IMPLEMENTATION SERVICES FEE [1] UNIT LiveOps Voice Implementation Per-Instance; One-Time LiveOps Chat & Email Implementation Per-Instance; One-Time LiveOps Social (Facebook/Twitter) Implementation Per-Instance; One-Time ADDITIONAL IMPLEMENTATION SERVICES FEE UNIT [Add as ordered by Customer] A LA CARTE TECHNICAL SERVICES FEE UNIT Technical Services Per Hour Speech Recognition IVR Per Minute Voice Talent Per Hour; One Hour Minimum Recording Studio Per Hour; One Hour Minimum PLATFORM FAILOVER SURCHARGE SERVICES FEE UNIT Platform Inbound Time Per Minute Platform Outbound Time Per Minute ADDITIONAL TERMS:
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Monthly Commitment means Customer’s commitment to achieve at least the number of Concurrent Users per month for the specified Channel(s) and features billed on a Concurrent User basis as identified at the beginning of this Order Form. LiveOps Cloud Platform, LLC
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Monthly Commitment means the Fees for a Cloud Feature Subscription and Platform Metrics set forth in an Order Form, divided by the number of months during the applicable Subscription Term.
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Related to Monthly Commitment

  • Available Commitment means a Lender’s Commitment minus:

  • Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Aggregate Revolving Commitment means the sum of the Revolving Commitments of all the Revolving Lenders.

  • Aggregate Revolving Committed Amount means the aggregate amount of Revolving Commitments in effect from time to time, being initially ONE HUNDRED FIFTY MILLION DOLLARS ($150,000,000).

  • Available Commitments shall refer to the aggregate of the Lenders’ Available Commitments hereunder.

  • Unused Revolving Commitment means, for any Lender at any time, the excess of (i) such Lender’s Revolving Commitment at such time over (ii) such Lender’s Revolving Facility Exposure at such time.

  • Maximum Available Commitment means, subject to the proviso contained in the third sentence of Section 2.02(a), at any time of determination, (a) the Maximum Commitment at such time less (b) the aggregate amount of each Interest Advance outstanding at such time; provided that following a Provider Advance or a Final Advance, the Maximum Available Commitment shall be zero.

  • Revolving Commitment Percentage means, for each Lender, the percentage identified as its Revolving Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6(c).

  • Aggregate Revolving Commitments means the Revolving Commitments of all the Lenders. The initial amount of the Aggregate Revolving Commitments in effect on the Closing Date is $350,000,000.

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • Revolving Commitment Amount means $125,000,000, as reduced from time to time pursuant to Section 6.1.

  • Revolving Commitment means, as to each Lender, its obligation to (a) make Revolving Loans to the Borrower pursuant to Section 2.01, (b) purchase participations in L/C Obligations and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • L/C Commitment Amount has the meaning given to that term in Section 2.3.(a).

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Available Revolving Commitment as to any Revolving Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding; provided, that in calculating any Lender’s Revolving Extensions of Credit for the purpose of determining such Lender’s Available Revolving Commitment pursuant to Section 2.8(a), the aggregate principal amount of Swingline Loans then outstanding shall be deemed to be zero.

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • Total Commitment Amount means, at any particular time, the aggregate of the Individual Commitments of all of the Lenders at such time.

  • Unused Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the Aggregate Revolving Facility Exposure at such time.

  • Total Revolving Commitment means, at any time, the sum of the Revolving Commitments at such time.

  • Total Unutilized Revolving Loan Commitment means, at any time, an amount equal to the remainder of (x) the Total Revolving Loan Commitment in effect at such time less (y) the sum of (i) the aggregate principal amount of all Revolving Loans and Swingline Loans outstanding at such time plus (ii) the aggregate amount of all Letter of Credit Outstandings at such time.

  • Multicurrency Commitment means, with respect to each Multicurrency Lender, the commitment of such Multicurrency Lender to make Loans denominated in Dollars and in Agreed Foreign Currencies hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Revolving Multicurrency Credit Exposure hereunder, as such commitment may be (a) reduced or increased from time to time pursuant to Section 2.06 or reduced from time to time pursuant to Section 2.08 or as otherwise provided in this Agreement and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The aggregate amount of each Lender’s Multicurrency Commitment as of the Omnibus Amendment Effective Date is set forth on Schedule 1.01(b), or in the Assignment and Assumption pursuant to which such Lender shall have assumed its BUSINESS.29745768.5 Multicurrency Commitment, as applicable. The aggregate amount of the Lenders’ Multicurrency Commitments as of the Omnibus Amendment Effective Date is $245,000,000.

  • Aggregate Revolving Credit Commitment means the aggregate of the Revolving Credit Commitments of all the Revolving Lenders, as reduced or increased from time to time pursuant to the terms hereof. The Aggregate Revolving Credit Commitment as of the Tranche B-1 Funding Date is $150,000,000.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Revolving Loan Commitment Percentage means, as to any Lender, (a) on the Closing Date, the percentage set forth opposite such Lender’s name on the Commitment Annex under the column “Revolving Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Closing Date, such percentage for such Lender shall be deemed to be zero), and (b) on any date following the Closing Date, the percentage equal to the Revolving Loan Commitment Amount of such Lender on such date divided by the Revolving Loan Commitment on such date.