Total Service Charges definition
Examples of Total Service Charges in a sentence
If Customer's Total Service Charges do not reach the AVC, in any contract year during the Initial Term; Customer shall pay an “Underutilization Charge” equal to 75% of the unmet AVC.
Annual Volume Commitment (“AVC”): $2,200,000 in Total Service Charges (“AVC”) during each contract year of the Term.
If Customer's Total Service Charges do not reach the AVC in any Contract Year because the Agreement is terminated early by the Customer without Cause; or by Company for Cause, Customer shall pay an “Early Termination Charge” equal to 50% of the unmet AVC plus a pro rata portion of any credits received by Customer.
AVC Underutilization and Early Termination Charges: If Customer's Total Service Charges do not reach the AVC in any Contract Year during the Initial Term, Customer shall pay: an "Underutilization Charge" equal to 50% of the unmet AVC.
Annual Volume Commitment (“AVC”): $800,000 in Total Service Charges (“AVC”) during each contract year of the Term (following the expiration of the Ramp Period).