Underutilization Charge definition

Underutilization Charge means an amount owed by Customer if Customer’s Eligible Charges do not reach the Volume Commitment in any Contract Year and/or by the end of the Volume Commitment Period, as applicable.

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Underutilization Charge means an amount owed by Customer if Customer’s Contributing Charges or Eligible Charges, whichever is applicable, do not reach the Volume Commitment in any Contract Year and/or by the end of the Volume Commitment Period, as applicable.

Underutilization Charge in an amount equal to 25% of the difference between the AVC and the Customer’s Total Service Charges during that Contact Year. If in any monthly billing period during the Extended Term, Customer’s Total Service Charges do not meet or exceed 1/12th of the AVC then Customer shall pay: (a) all accrued but unpaid usage and other charges incurred under this Agreement, and (b) an “Underutilization Charge” equal to 25% of the difference between 1/12th of the AVC and Customer’s Total Service Charges during such monthly billing period.

Examples of Underutilization Charge in a sentence

If, in any Contract Year during the Term, Customer's Total Service Charges do not meet or exceed the AVC, then Customer shall pay: (a) all accrued but unpaid charges incurred under this Agreement; and (b) an "Underutilization Charge" in an amount equal to 25% of the difference between the AVC and Customer's Total Service Charges during that Contract Year.
If, in any Contract Year during the Term, Customer's Total Service Charges do not meet or exceed the AVC, then Customer shall pay: (a) all accrued but unpaid charges incurred under this Agreement; and (b) an "Underutilization Charge" in an amount equal to 50% of the difference between the AVC and Customer's Total Service Charges during that Contract Year.
If, in any Contract Year during the Term, Customer's Total Service Charges do not meet or exceed the AVC, then Customer shall pay: (a) all accrued but unpaid charges incurred under this Agreement; and (b) an "Underutilization Charge" in an amount equal to 100% of the difference between the AVC and Customer's Total Service Charges during that Contract Year.
If, at the end of any Contract Year or Volume Commitment Period (as applicable), the Eligible Charges Customer has paid are less than the Volume Commitment, then Customer shall pay an Underutilization Charge equal to 75% of the shortfall (or other percentage detailed elsewhere in the Agreement).
If, in any Contract Year during the Term, the Customer's Total Service Charges do not meet or exceed the AVC, then the Customer shall pay: (a) all accrued but unpaid charges incurred under this Agreement; and (b) an "Underutilization Charge" in an amount equal to 25% of the difference between the AVC and the Customer's Total Service Charges during that Contract Year.
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.
If the Customer's Total Service Charges do not reach the AVC in any Contract Year during the Initial Term, the Customer shall pay an "Underutilization Charge" in an amount equal to 25% of the unmet AVC.
Classifications, Practices and Regulations: Underutilization and Termination with Liability: 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.
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.
If, in any Contract Year during the Term, Customer's Total Service Charges do not meet or exceed the AVC, then Customer shall pay: (a) all accrued but unpaid charges incurred under this Agreement; and (b) an "Underutilization Charge" in an amount equal to 75% of the difference between the AVC and Customer's Total Service Charges during that Contract Year.

More Definitions of Underutilization Charge

Underutilization Charge means an amount owed by Customer if Customer’s Eligible Charges do not reach the Volume Commitment in any Contract Year or by the end of the Volume Commitment Period, whichever is applicable. The charge is stated as a percentage of the unmet Volume Commitment.

Underutilization Charge equal to the difference between one million dollars ($1,000,000) and Customer's Total Service Charges during such monthly billing period. If, in any monthly billing period during the third Contract Year, Customer's Total Service Charges do not meet or exceed

Underutilization Charge in an amount equal to 50% of the difference between the AVC and Customer’s Total Service Charges during that Contract Year (for Contract Year one) or 40% of the difference (for any Contract Year other than Contract Year one). For avoidance of doubt, if the Initial term is renewed after the 6th Amendment Effective Date, the 50% Underutilization Charge will apply to the first Contract Year of the renewed Initial Term.