Common use of Underutilization and Early Termination Charges Clause in Contracts

Underutilization and Early Termination Charges. If Customer’s Total Service Charges do not reach the AVC in any Contract Year during the Term, Customer shall pay an “Underutilization Charge” equal to 75% of the unmet AVC. If: (a) Customer terminates the Agreement before the end of the Term for reasons other than Cause; or (b) Company terminates the Agreement for Cause then Customer will pay, within thirty (30) days after such termination: (i) an amount equal to 50% of the unsatisfied AVC remaining during the year of termination, and for each subsequent Contract Year remaining in the Term, plus (ii) a pro rata portion of any and all credits received by Customer.

Appears in 2 contracts

Samples: www.verizon.com, enterprise.verizon.com

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Underutilization and Early Termination Charges. If Customer’s 's Total Service Charges do not reach the AVC in any Contract Year contract year during the Initial Term, Customer shall pay an “Underutilization Charge” equal to 7525% of the unmet AVC. If: (a) Customer terminates the Agreement before the end of the Term for reasons other than Cause; or (b) Company terminates the Agreement for Cause Cause, then Customer will pay, within thirty (30) days after such termination: (i) an amount equal to 5025% of the unsatisfied AVC remaining during the year of termination, and for each subsequent Contract Year contract year remaining in the Term, plus (ii) a pro rata portion of any and all credits received by Customer. Promotion: The Customer is eligible for the following promotion as set forth in the Guide: General Installation Waiver Promotion – v5.0.

Appears in 2 contracts

Samples: enterprise.verizon.com, enterprise.verizon.com

Underutilization and Early Termination Charges. If Customer’s Total Service Charges do not reach the AVC in any Contract Year in any Contract Year during the Term, ; Customer shall pay an “Underutilization Charge” equal to 7525% of the unmet AVC. If: (a) Customer terminates the this Agreement before the end of the Term for reasons other than Cause; or (b) Company terminates the this Agreement for Cause then Customer will pay, within thirty (30) days after such termination: (i) an amount equal to 5025% of the unsatisfied AVC remaining during the year of termination, and for each subsequent Contract Year remaining in the Term, plus (ii) a pro rata portion of any and all credits received by Customer.

Appears in 1 contract

Samples: enterprise.verizon.com

Underutilization and Early Termination Charges. If Customer’s 's Total Service Charges do not reach the AVC AVC, in any Contract Year contract year during the Initial Term, ; Customer shall pay an “Underutilization Charge” equal to 7550% of the unmet AVC. If: (a) Customer terminates the Agreement before the end of the Term for reasons other than CauseCause (as defined in the Agreement); or (b) Company terminates the Agreement for Cause then Customer will pay, within thirty (30) days after such termination: (i) an amount equal to 50% of the unsatisfied AVC remaining during the year of termination, and for each subsequent Contract Year contract year remaining in the Term, plus (ii) a pro rata portion of any and all credits received by Customer.. Credits:

Appears in 1 contract

Samples: enterprise.verizon.com

Underutilization and Early Termination Charges. If Customer’s Total Service Charges do not reach the AVC in any Contract Year contract year during the Initial Term, ; Customer shall pay an “Underutilization Charge” equal to 7550% of the unmet AVC. If: (a) Customer terminates the Agreement before the end of the Initial Term for reasons other than Cause; or (b) Company terminates the Agreement for Cause Cause, then Customer will pay, within thirty forty five (3045) days after such termination: (i) an amount equal to 50% of the unsatisfied AVC remaining during the year of termination, and for each subsequent Contract Year contract year remaining in the Initial Term, plus (ii) a pro rata portion of any and all credits received by Customer, excluding billing adjustment and SLA credits.

Appears in 1 contract

Samples: enterprise.verizon.com

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 75% of the unmet AVC. If: (a) Customer terminates the this Agreement before the end of the Term for reasons other than Cause; or (b) Company terminates the this Agreement for Cause Cause, then Customer will pay, within thirty (30) days after such termination: (i) an amount equal to 5075% of the unsatisfied AVC remaining during the year of termination, and for each subsequent Contract Year remaining in the Term, plus (ii) a pro rata portion of any and all credits received by Customer. Payment Arrangements: The Customer must pay for Company service within 30 days of the date of the Company’s invoice.

Appears in 1 contract

Samples: enterprise.verizon.com

Underutilization and Early Termination Charges. If Customer’s Total Service Charges do not reach the AVC in IN any Contract Year during the Initial Term, Customer shall pay an “Underutilization Charge” equal to 7550% of the unmet AVC. If: (a) Customer terminates the Agreement before the end of the Term for reasons other than Cause; Cause or (b) Company terminates the Agreement for Cause Cause, then Customer will pay, within thirty (30) days after of such termination: (i) an amount equal to 5075% of the unsatisfied AVC remaining during the year of termination, and for each subsequent Contract Year remaining in the Term, plus (ii) a pro rata portion of any and all credits received by Customer.. Credit:

Appears in 1 contract

Samples: enterprise.verizon.com

Underutilization and Early Termination Charges. If Customer’s 's Total Service Charges do not reach the AVC AVC, in any Contract Year during the Initial Term, Customer shall pay an “Underutilization Charge” equal to 75% of the unmet AVC. If: (a) Customer terminates the Agreement before the end of the Term for reasons other than Cause; or (b) Company terminates the Agreement for Cause Cause, then Customer will pay, within thirty (30) days after of such termination: (i) an amount equal to 5075% of the unsatisfied unmet AVC remaining during the year of termination, and for each subsequent Contract Year contract year remaining in the Term, plus (ii) a pro rata portion of any and all credits received by Customer.. Credits:

Appears in 1 contract

Samples: enterprise.verizon.com

Underutilization and Early Termination Charges. If Customer’s Total Service Charges do not reach the AVC in any Contract Year during the Initial Term, then Customer shall will pay an “Underutilization Charge” in equal to 7550% of the unmet AVC. If: (a) Customer terminates the Agreement before the end of the Term for reasons other than Cause; or (b) Company terminates the this Agreement for Cause Cause, then Customer will pay, as Company’s sole and exclusive remedy for early termination by Customer, within thirty (30) 30 days after such termination: (i) an amount equal to the 50% of the unsatisfied AVC remaining during the year of termination, and for each subsequent Contract Year remaining in the Term, plus (ii) a pro rata portion of any and all credits received by Customer.. Credit:

Appears in 1 contract

Samples: enterprise.verizon.com

Underutilization and Early Termination Charges. If Customer’s Total Service Charges do not reach the AVC in any Contract Year contract year during the Initial Term, ; Customer shall pay an “Underutilization Charge” equal to 75% of the unmet AVC. If: (a) Customer terminates the Agreement before the end of the Term for reasons other than Cause; or (b) Company terminates the Agreement for Cause Cause, then Customer will pay, within thirty (30) days after such termination: (i) an amount equal to 5075% of the unsatisfied AVC remaining during the year of termination, and for each subsequent Contract Year contract year remaining in the Term, plus (ii) a pro rata portion of any and all credits received by Customer.. Credits:

Appears in 1 contract

Samples: enterprise.verizon.com

Underutilization and Early Termination Charges. If Customer’s Total Service Charges do not reach the AVC in any Contract Year contract year during the Initial Term, ; Customer shall pay an “Underutilization Charge” equal to 75% of the unmet AVC. If: (a) Customer terminates the Agreement before the end of the Term for reasons other than Cause; or (b) Company terminates the Agreement for Cause Cause, then Customer will pay, within thirty (30) days after such termination: (i) an amount equal to 5075% of the unsatisfied AVC remaining during the year of termination, and for each subsequent Contract Year contract year remaining in the Term, plus (ii) a pro rata portion of any and all credits received by Customer.

Appears in 1 contract

Samples: enterprise.verizon.com

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Underutilization and Early Termination Charges. If Customer’s 's Total Service Charges do not reach the AVC in any Contract Year during the Term, ; Customer shall pay an "Underutilization Charge" equal to 7525% of the unmet AVC. If: (a) Customer terminates the Agreement before the end of the Term for reasons other than Cause; or (b) Company terminates the Agreement for Cause Cause, then Customer will pay, within thirty (30) days after such termination: (i) an amount equal to 5025% of the unsatisfied AVC remaining during the year of termination, and for each subsequent Contract Year remaining in the Termterm, plus (ii) a pro rata portion of any and all credits received by Customer.

Appears in 1 contract

Samples: enterprise.verizon.com

Underutilization and Early Termination Charges. If Customer’s 's Total Service Charges do not reach the AVC in any Contract Year during the Term, Customer shall pay an "Underutilization Charge' equal to 75% of the unmet AVC. If: (a) Customer terminates the this Agreement before the end of the Term for reasons other than Cause; or (b) Company terminates the this Agreement for Cause Cause, then Customer will pay, within thirty (30) days after such termination: (i) an amount equal to 50100% of the unsatisfied AVC remaining during the year of termination, and for each subsequent Contract Year remaining in the Term, Term plus (ii) a pro rata portion of any and all credits received by Customer, less any termination charges paid by Customer pursuant to the Agreement.

Appears in 1 contract

Samples: enterprise.verizon.com

Underutilization and Early Termination Charges. If Customer’s 's Total Service Charges do not reach the AVC in any Contract Year during the Initial Term, Customer shall pay pay: an "Underutilization Charge" equal to 75% of the unmet AVC. If: (a) Customer terminates the Agreement before the end of the Term for reasons other than Cause; or (b) Company terminates the Agreement for Cause Cause, then Customer will pay, within thirty (30) days after such termination: (i) an amount equal to 5075% of the unsatisfied AVC remaining during the year of termination, and for each subsequent Contract Year contract year remaining in the Term, plus (ii) a pro rata portion of any and all credits received by Customer.. Waivers:

Appears in 1 contract

Samples: enterprise.verizon.com

Underutilization and Early Termination Charges. If Customer’s 's Total Service Charges do not reach the AVC in any Contract Year contract year during the Initial Term, ; Customer shall pay an “Underutilization Charge” equal to 75% of the unmet AVC. If: (a) Customer terminates the Agreement before the end of the Term for reasons other than Cause; or (b) Company terminates the Agreement for Cause then Customer will pay, within thirty (30) days after such termination: (i) an amount equal to 5075% of the unsatisfied AVC remaining during the year of termination, and for each subsequent Contract Year contract year remaining in the Term, plus (ii) a pro rata portion of any and all credits received by Customer.

Appears in 1 contract

Samples: enterprise.verizon.com

Underutilization and Early Termination Charges. If Customer’s Total Service Charges do not reach the AVC in any Contract Year contract year during the Initial Term, Customer shall pay an “Underutilization Charge” equal to 7550% of the unmet AVC. If: (a) Customer terminates the Agreement before the end of the Term for reasons other than Cause; or (b) Company terminates the Agreement for Cause Cause, then Customer will pay, within thirty (30) days after such termination: (i) an amount equal to 50% of the unsatisfied AVC remaining during the year of termination, and for each subsequent Contract Year contract year remaining in the Term, plus (ii) a pro rata portion of any and all credits received by Customer.

Appears in 1 contract

Samples: enterprise.verizon.com

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 75% of the unmet AVC. If: (a) Customer terminates the Agreement before the end of the Term for reasons other than Cause; or (b) Company terminates the Agreement for Cause Cause, then Customer will pay, within thirty (30) days after such termination: (i) an amount equal to 5075% of the unsatisfied AVC remaining during the year of termination, and for each any subsequent Contract Year remaining in the Term, plus (ii) a pro rata portion of any and all credits received by Customer.. Waivers:

Appears in 1 contract

Samples: enterprise.verizon.com

Underutilization and Early Termination Charges. If Customer’s Total Service Charges do not reach the AVC in any Contract Year contract year during the Initial Term, ; Customer shall pay an “Underutilization Charge” equal to 75% of the unmet AVC. If: (a) Customer terminates the Agreement before the end of the Term for reasons other than Cause; or (b) Company terminates the Agreement for Cause Cause, then Customer will pay, within thirty (30) days after such termination: (i) an amount equal to 5075% of the unsatisfied AVC remaining during the year of termination, and for each subsequent Contract Year contract year remaining in the Term, plus (ii) a pro rata portion of any and all credits received by Customer.. Waiver:

Appears in 1 contract

Samples: enterprise.verizon.com

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