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.
View Source
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.
View Source
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.
View Source

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.
View Source
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
View Source
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.
View Source

Related to Underutilization Charge

  • Service Charge means the amount charged for making a service available on line and is in addition to the actual fee for a service itself. For example, one who renews a license on line will pay the license renewal fee and a service charge.

  • Transition charge means a nonbypassable rate or charge to be imposed on a customer to pay the customer's share of transition costs.

  • Connection Charge is the sum payable by the Communications Provider in accordance with the Openreach Price List for provisioning of the Service;

  • User charge means a charge imposed on airlines for the provision of airport, air navigation, or aviation security facilities or services including related services and facilities.

  • Termination Charge means a charge levied when an unamortized balance remains and the Jurisdiction requests termination of Street Lighting Service. The charge is determined by costs of equipment, installation, removal, disposal, Capital Recovery Period, and Utility Financing Cost minus payments made to date for the specific fixtures.