MARC. Minimum Annual Revenue Commitment (“MARC”) means an annual revenue commitment of XXXX-Xxxxxxxx Charges set forth in a Pricing Schedule that Customer agrees to satisfy during each 12 consecutive month period of the Pricing Schedule Term. At the end of each such 12 month period, if Customer has failed to satisfy the MARC for the preceding 12 month period, Customer will be invoiced a shortfall charge in an amount equal to the difference between the MARC and the total of the applicable MARC-Eligible Charges incurred during the 12 month period, and payment will be due in accordance with Section 4.4 (Payments).
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Samples: Master Agreement
MARC. Minimum Annual Revenue Commitment (“MARC”) means an annual revenue commitment of XXXX-Xxxxxxxx Charges set forth in a Pricing Schedule that Customer agrees to satisfy during each 12 consecutive 12-consecutive-month period of the Pricing Schedule Term. At the end of each such 12 month period, if If Customer has failed fails to satisfy the MARC for the preceding 12 any such 12-month period, Customer will be invoiced pay a shortfall charge in an amount equal to the difference between the MARC and the total of the applicable MARC-Eligible Charges incurred during the 12 such 12-month period, and payment will be due in accordance with Section 4.4 (Payments)AT&T may withhold contractual credits until Customer pays the shortfall charge.
Appears in 1 contract
Samples: Master Agreement
MARC. Minimum Annual Revenue Commitment (“MARC”) means an annual revenue commitment of XXXX-Xxxxxxxx Charges set forth in a Pricing Schedule that Customer agrees to satisfy during each 12 consecutive 12consecutive-month period of the Pricing Schedule Term. At the end of each such 12 month period, if If Customer has failed fails to satisfy the MARC for the preceding 12 any such 12-month period, Customer will be invoiced pay a shortfall charge in an amount equal to the difference between the MARC and the total of the applicable MARC-Eligible Charges incurred during the 12 such 12-month period, and payment will be due in accordance with Section 4.4 (Payments)AT&T may withhold contractual credits until Customer pays the shortfall charge.
Appears in 1 contract
Samples: Master Agreement
MARC. Minimum Annual Revenue Commitment (“MARC”) means an annual revenue commitment of XXXXMARC-Xxxxxxxx Eligible Charges set forth in a Pricing Schedule that Customer agrees to satisfy during each 12 consecutive month period of the Pricing Schedule Term. At the end of each such 12 month period, if Customer has failed to satisfy the MARC for the preceding 12 month period, Customer will be invoiced a shortfall charge in an amount equal to the difference between the MARC and the total of the applicable MARC-Eligible Charges incurred during the 12 month period, and payment will be due in accordance with Section 4.4 (Payments).
Appears in 1 contract
Samples: Master Agreement