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 “United States” or “U.S.” means the 50 states, the District of Columbia, and the U.S. Territories.
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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.
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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, whichever isas applicable. The charge is stated as a percentage of the unmet Volume Commitment.
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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, 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.

  • 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, 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.

  • 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 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 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.


More Definitions of Underutilization Charge

Underutilization Charge equal to the difference between nine hundred and seventy six thousand dollars ($976,000) and Customer's Total Service Charges during such monthly billing period. If, in any monthly billing period during the Extended Term, Customer's Total Service Charges do not meet or exceed one-twelfth (1/12) 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 the difference between one-twelfth (1/12) of the AVC and Customer's Total Service Charges during such monthly billing period.
Sample 1
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.
Sample 1
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
Sample 1

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

  • 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.

  • Capacity Charge means a charge for public facilities in existence at the time a charge is imposed or charges for new public facilities to be acquired or constructed in the future that are of proportional benefit to the person or property being charged, including supply or capacity contracts for rights or entitlements, real property interests, and entitlements and other rights of the local agency involving capital expense relating to its use of existing or new public facilities. A “capacity charge” does not include a commodity charge.

  • InterMTA Traffic means traffic to or from WSP’s network that, at the beginning of the call, originates in one MTA and terminates in another MTA.

  • transaction charge means any amount charged to a client by a registered firm in respect of a purchase or sale of a security and includes any federal, provincial or territorial sales taxes paid on that amount;

  • Fixed Costs means costs which do not vary with consumption or volume produced;

  • Utilization Fee shall have the meaning assigned to such term in Section 2.06(b).

  • Utilization means public usage of the subway, bus, railroad

  • Maintenance Margin means the minimum amount of money required in your Trading Account as specified on the Trading Platform in order to keep a Transaction open on the Trading Platform.

  • Monthly Charge shall have the meaning set forth in Article 5.

  • InterLATA Traffic describes Telecommunications between a point located in a Local Access and Transport Area ("LATA") and a point located outside such area.

  • Meet-Point Billing (MPB) refers to the billing associated with interconnection of facilities between two or more LECs for the routing of traffic to and from an IXC with which one of the LECs does not have a direct connection. In a multi-xxxx environment, each Party bills the appropriate tariffed rate for its portion of a jointly provided Switched Exchange Access Service.

  • Access Charge has the meaning set out in Clause 6.1;

  • CAISO Grid means the system of transmission lines and associated facilities of the Participating Transmission Owners that have been placed under the CAISO’s operational control.

  • parking charge means the charge paid by drivers to leave a vehicle in a parking place;

  • Installation Charges means those Charges set out in the Order in relation to installation of the Service and/or any Purchased Equipment, Customer Equipment and/or BT Equipment as applicable.

  • Utilization Fee Rate means the percentage set forth in Schedule 1 hereto beside the then applicable Level.

  • Facility Charge means one percent (1%) of the Maximum Term Loan Amount.

  • User Charges means a charge made to airlines by a service provider for the provision of airport, airport environmental, air navigation and aviation security facilities and services.

  • Turbidity means the cloudy condition of water due to the presence of extremely fine particulate materials in suspension that interfere with the passage of light.

  • Transit Traffic means traffic originating on CLEC’s network that is switched and transported by AT&T-TSP and delivered to a Third Party Terminating Carrier’s network or traffic from a Third Party Originating Carrier’s network. A call that is originated or terminated by a CLEC purchasing local switching pursuant to a commercial agreement with AT&T-TSP is not considered Transit Traffic for the purposes of this Attachment. Additionally Transit Traffic does not include traffic to/from IXCs.

  • Administration Charge means a charge established in accordance with Chapter 90.50A RCW and Chapter 173-98 WAC, to be used to pay Ecology’s cost to administer the State Revolving Fund by placing a percentage of the interest earned in an Administrative Charge Account.

  • Deactivation Avoidable Cost Credit means the credit paid to Generation Owners pursuant to Tariff, Part V, section 114. Deactivation Avoidable Cost Rate: