Minimum Annual Volume Commitment. 1. For the year 2001, CUSTOMER will buy (and will cause its Affiliates to buy) all domestic voice telecommunications services used to provide long distance mobility service exclusively from AT&T, except that CUSTOMER and its Affiliates may complete Committed OCC Purchases. Committed OCC Purchases are purchases of domestic voice services used to provide long distance mobility service from carriers other than AT&T to the extent such purchases are reasonably necessary to enable CUSTOMER to meet binding revenue or volume commitments to such carriers that were in existence as of October 31, 2000. For each year of the Term, the Minimum Annual Volume Commitment for domestic transport services (MAVC) will be equal to the number of minutes of such use for the year 2001, determined as of December 31, 2001, subject to adjustment each year as described in Section 3.A.2 and in Section 6.B (Benchmarking).
2. If the total minutes of domestic AT&T Former Affiliate Wholesale Service used by CUSTOMER in any year of the Term is less than the MAVC applicable for that year, CUSTOMER will be considered in Shortfall and the difference between the applicable MAVC and the total minutes of domestic AT&T Former Affiliate Wholesale Service used by CUSTOMER in that year will be referred to as the "Shortfall Amount". If CUSTOMER is in Shortfall, the Shortfall Amount will be added to the MAVC for the following year of the Term. If CUSTOMER is in Shortfall for the fifth year of the Term (or for any additional year of the term after the fifth year), CUSTOMER will pay a Shortfall Charge equal to the Shortfall Amount for such year of the Term times $0.01. In the event of a Change of Control of CUSTOMER, the MAVC will be changed to 90% of the total minutes of domestic AT&T Former Affiliate Wholesale Service used by CUSTOMER in the twelve full billing months immediately preceding the Change of Control and CUSTOMER's right to rollover the Shortfall Amount from one year to the next will terminate (except the MAVC will not be so changed and such rollover right shall not terminate if AT&T elects to terminate the entire Agreement as a result of such Change of Control). In the event such rollover right is terminated, if CUSTOMER is in Shortfall at the end of any year of the Term, CUSTOMER will pay a Shortfall Charge equal to the Shortfall Amount for such year of the Term times $0.01.
3. If CUSTOMER elects to terminate this Agreement as a result of a Change of Control of AT&T, there will be no Short...
Minimum Annual Volume Commitment. Customer agrees to pay Verizon no less than [**] Dollars ($[**]) (the “AVC”) in Total Service Charges (defined below) during each twelve-month period after the Effective Date (“Contract Year”). “Total Service Charges” means all charges, after application of all discounts and credits, for the Services, excluding Taxes, Governmental Charges, equipment, Verizon ILEC, Verizon Wireless, Document Delivery Fax, non-recurring charges, goods and services acquired by Verizon as Customer’s agent, international pass-through access (Type 3/PTT) and charges for international access provided by Verizon (Type 1), and other charges expressly excluded by this Agreement.
Minimum Annual Volume Commitment. During the Term of this Agreement, Customer agrees to purchase from Corden the Minimum Annual Volume Commitment as defined in the Product Addendum per each such calendar year. In the event that Customer fails to place Purchase Orders to satisfy the Product quantities relating to the Minimum Annual Volume Commitment in each calendar year, Customer shall compensate Corden with the Product Price for the Product corresponding the to the missing quantities from the Minimum Annual Volume Commitment.
Minimum Annual Volume Commitment. The Customer agrees to pay the Company no less than $1,200,000 in Total Service Charges in each twelve-month period during the Initial Term.
