MARC. Minimum Annual Revenue Commitment (“MARC”) means an annual revenue commitment set forth in a Pricing Schedule that Customer agrees to satisfy during each 12-consecutive-month period of the Pricing Schedule Term. If Customer fails to satisfy the MARC for any such 12-month period, Customer will 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 such 12-month period, and AT&T may withhold contractual credits until Customer pays the shortfall charge.
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Samples: Master Agreement, Master Agreement
MARC. Minimum Annual Revenue Commitment (“MARC”) means an annual revenue commitment set forth in a Pricing Schedule that Customer agrees to satisfy during each 12-consecutive12consecutive-month period of the Pricing Schedule Term. If Customer fails to satisfy the MARC for any such 12-month period, Customer will 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 such 12-month period, and AT&T may withhold contractual credits until Customer pays the shortfall charge.
Appears in 1 contract
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. If At the end of each such 12 month period, if Customer fails has failed to satisfy the MARC for any such 12-the preceding 12 month period, Customer will pay 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 such 12-the 12 month period, and AT&T may withhold contractual credits until Customer pays the shortfall chargepayment will be due in accordance with Section 4.4 (Payments).
Appears in 1 contract
Samples: Master Agreement