Annual Volume Commitment Measurement Sample Clauses

Annual Volume Commitment Measurement. On an annual basis beginning at the end of the first year of the Service Term, BA shall compare CTC's actual annual attainment of Qualified Business Lines as determined in accordance with Section 1(d) hereof to the defined target volumes in Table 1 below. Such comparison shall be referred to herein as the "Annual Volume Commitment Measurement". As further set forth in Section 1(f) hereof, the Annual Volume Commitment Measurement shall confirm the appropriate level of the Volume and Term Discount for the year just completed and determine the applicable Volume and Term Discount for the following year. VOLUME & TERM MATRIX V & T Tier EOY 1 EOY 2 EOY 3 EOY 4 EOY 5 Tier 1A ?90k to 100K QBLs ?203K to 225K QBLs ?225K QBLs ?225K QBLs ?225K QBLs Tier 1B ?95k to 100K QBLs ?214K to 225K QBLs N/A N/A N/A Tier 2 60K to Tier 1 150K to Tier 1 150K to Tier 1 150K to Tier 1 150K to Tier 1 Tier 3 N/A 100K to Tier 2 100K to Tier 2 100K to Tier 2 100K to Tier 2 Tier 4 ?60K <100K <100K <100K <100K Terminate Terminate Terminate Terminate Terminate Contract Contract Contract Contract Contract Table 1 The Tier 1 target volumes for each of the first two (2) years of the Service Term shall be set at two (2) separate ranges, Tier 1A and Tier 1B. During this period of the Service Term when the Annual Volume Commitment Determination falls within Tier 1, the actual Tier 1 range (i.e., Tier 1A or Tier 1B) used for the Annual Volume Commitment Measurement will be based on CTC's attainment of the Annual Volume Commitment set forth in Section 1(b) hereof. Specifically, if CTC's Qualified Business Line volume, as counted on the last day of the last month of the year in question, is greater than or equal to the Annual Volume Commitment set forth in Section 1(b) hereof for the same year, then Tier 1A will be used for the Annual Volume Commitment Measurement. If CTC's Qualified Business Line volume, as counted on the last day of the last month of the year in question, is less than the Annual Volume Commitment set forth in Section 1(b) hereof for the same year, then Tier 1B will be used for the Annual Volume Commitment Measurement.
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Annual Volume Commitment Measurement of the First Amendment is hereby amended to include a reference to the sixth and seventh years of the Service Term in the Volume and Term Matrix (Table 1) set forth therein, so that the matrix reads in its entirety as follows: Tier 1A Tier 1B ≥90k to 100K QBLs ≥95k to 100K QBLs ≥203K to 225K QBLs ≥214K to 225K QBLs ≥225K QBLs N/A ≥225K QBLs N/A ≥225K QBLs N/A Tier 2 60K to Tier 1 150K to Tier 1 150K to Tier 1 150K to Tier 1 150K to Tier 1 Tier 3 N/A 100K to Tier 2 100K to Tier 2 100K to Tier 2 100K to Tier 2
Annual Volume Commitment Measurement. On an annual basis beginning at the end of the first year of the Service Term, BA shall compare Reseller's actual annual attainment of Qualified Business Lines as determined in accordance with Section 1(d) hereof to the defined target volumes in Table 1 below. Such comparison shall be referred to herein as the "Annual Volume Commitment Measurement". As further set forth in Section 1(f) hereof, the Annual Volume Commitment Measurement shall confirm the appropriate level of the Volume and Term Discount for the year just completed and determine the applicable Volume and Term Discount for the following year. VOLUME & TERM MATRIX (A) greater than or greater than or greater than or greater than or greater than or equal to 45k to 50K equal to 90K to 100K equal 180K to 200K equal 200K QBLs equal 200K QBLs QBLs QBLs QBLs (B) greater than or greater than or greater than or equal to 47.5k to 50K equal to 95K to 100K equal to 190K to 200K N/A N/A QBLs QBLs QBLs ------------------------------------------------------------------------------------------------------------------------ Tier 2 30K to Tier 1 60K to Tier 1 150K to Tier 1 150K to Tier 1 150K to Tier 1 ------------------------------------------------------------------------------------------------------------------------ Tier 3 N/A N/A 100K to Tier 2 100K to Tier 2 100K to Tier 2 ------------------------------------------------------------------------------------------------------------------------ Tier 4 less than 30K less than 60K less than 100K less than 100K less than 100K Terminate Terminate Terminate Terminate Terminate Contract Contract Contract Contract Contract ------------------------------------------------------------------------------------------------------------------------ TABLE 1 The Tier 1 target volumes for each of the first three (3) years of the Service Term shall be set at two (2) separate ranges, Tier 1(A) and Tier 1(B). During this period of the Service Term when the Annual Volume Commitment Determination falls within Tier 1, the actual "Tier 1 range (i.e., Tier 1(A) or Tier 1(B)) used for the Annual Volume Commitment Measurement will be based on Reseller's attainment of the Annual Volume Commitment set forth in Section 1(b) hereof. Specifically, if Reseller's Qualified Business Line volume, as counted on the last day of the last month of the year in question, is greater than or equal to the Annual Volume Commitment set forth in Section 1(b) hereof for the same year, then Tier 1 (A) will ...

Related to Annual Volume Commitment Measurement

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution. (b) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall also be subject to adjustment pursuant to Section 6.9.

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