Tiered Volume Commitment definition

Tiered Volume Commitment means the total Eligible Charges Customer must pay during each Contract Year of the Volume Commitment Period, which amount may vary from Contract Year to Contract Year.

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Tiered Volume Commitment means a series of periodic commitments to purchase during a Volume Commitment Period.

Tiered Volume Commitment means the total Contributing Charges or Eligible Charges, whichever is applicable, which Customer must pay during each Contract Year of the Volume Commitment Period, which amount may vary from Contract Year to Contract Year.

Examples of Tiered Volume Commitment in a sentence

• Customer agrees to pay Verizon the amount of Eligible Charges in each Contract Year that is no less than the Tiered Volume Commitment identified in the Agreement, for the number of Contract Years/Volume Commitment Period identified in that Agreement.

• If the Agreement does not identify a Tiered Volume Commitment or number of Contract Years/Volume Commitment Period, then the applicable number is zero.

• If, in any Contract Year, Customer's Eligible Charges are less than the Tiered Volume Commitment, then Customer will pay: (a) all accrued but unpaid charges incurred by Customer; and (b) an underutilization charge (which Customer hereby agrees is reasonable) equal to 75% of the difference between Customer's Eligible Charges during such Contract Year and the Tiered Volume Commitment.

More Definitions of Tiered Volume Commitment

Tiered Volume Commitment means the total Contributing Charges or Eligible Charges, whichever is applicable, which Customer must pay during each Contract Year, for the number of Contract Years to which Customer has committed under the applicable Agreement, which amount will vary.

Tiered Volume Commitment means the total Contributing Charges or Eligible Charges, whichever is applicable, which Customer must pay during each Contract Year, for of the number of Contract Years to which Customer has committed under the applicable AgreementVolume Commitment Period, which amount willmay vary from Contract Year to Contract Year.

Tiered Volume Commitment means the tointg eaaclh CoEnltraictgib Year of the Volume Commitment Period, which amount may vary from Contract Year to Contract Year.