Annual Volume Commitment (AVC). Customer agrees to pay Verizon the amount of Eligible Charges in each Contract Year that is no less than the AVC identified in the Agreement, for the number of Contract Years/Volume Commitment Period identified in that Agreement. If the Agreement does not identify an AVC or number of Contract Years/Volume Commitment Period, then the applicable number is zero. If, in any Contract Year/Volume Commitment Period, Customer's Eligible Charges are less than the AVC, 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's Eligible Charges during such Contract Year and the AVC.
Appears in 6 contracts
Samples: Service Agreement, Service Agreement, Service Agreement
