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Commitment, Total Volume Commitment, Tiered Volume Commitment, or Subminimum Volume Commitment.", "size": 246, "id": "volume-commitment", "examples": ["Customer agrees to pay Verizon the amount of Eligible Charges in each Contract Year that is no less than the Tiered <strong>Volume Commitment</strong> identified in the Agreement, for the number of Contract Years/<strong>Volume Commitment</strong> Period identified in that Agreement.", "The terms of the Agreement (excluding the <strong>Volume Commitment</strong>) will continue to apply during any service-specific commitments that extend beyond the <strong>Volume Commitment</strong> Period.", "If the Agreement does not identify a Tiered <strong>Volume Commitment</strong> or number of Contract Years/<strong>Volume Commitment</strong> Period, then the applicable number is zero.", "Upon expiration of a <strong>Volume Commitment</strong> Period, the relevant Agreement is automatically extended on a month-to-month basis until either Party terminates it upon 60 days written notice.", "If, in any Contract Year, Customer&#x27;s Eligible Charges are less than the Tiered <strong>Volume Commitment</strong>, 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&#x27;s Eligible Charges during such Contract Year and the Tiered <strong>Volume Commitment</strong>.", "In addition, either Verizon Signatory or Customer Signatory may terminate the Agreement immediately by written notice where, after expiry of all Service Commitments and/or <strong>Volume Commitment</strong> Periods, no Services have been provided under the Agreement for a continuous period exceeding three months, or (to the extent permitted by applicable law) if the other Party to the Agreement has experienced any of the Insolvency Events."], "related": [["committed-volume", "Committed Volume", "Committed Volume"], 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