Common use of Minimum Spend Clause in Contracts

Minimum Spend. 18.1 If you fail to reach the annualised Minimum Spend commitment in respect of a Service over the Minimum Term for such Service then we reserve the right to xxxx you in the month following expiry of the Minimum Term the difference between the actual amount you spent and the amount you committed to spend pursuant to the Minimum Spend over the Minimum Term. Following the expiry of the relevant Minimum Term, if in any 6-month period you fail to reach the total six-monthly Minimum Spend that you committed to spend over that six-month period, we reserve the right to xxxx you in the month following expiry of the relevant six-month period the difference between the actual amount you spent and the amount you committed to spend in that six-month period pursuant to the Minimum Spend. 18.2 If the Contract or any individual Services are terminated during the Minimum Term or any agreed term for the relevant Service(s) and you received free installation of any Services or Lines as part of the Tariff or otherwise, then we reserve the right to impose a termination charge equal to the installation cost divided by the number of the months in the relevant term, multiplied by the number of months remaining in the relevant term, less a discount sum, computed on the basis of a 5% discount for a full year or early payment, and a pro rata lesser sum for a shorter period of greater sum for a longer period.

Appears in 2 contracts

Samples: Conditions for Communications Services, Service Agreement

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Minimum Spend. 18.1 If you fail to reach the annualised Minimum Spend commitment in respect of a Service over the Minimum Term for such Service then we reserve the right to xxxx bill you in the month following expiry of the Minimum Term the difference between the actual amount you spent and the amount you committed to spend pursuant to the Minimum Spend over the Minimum Term. Following the expiry of the relevant Minimum Term, if in any 6-month period you fail to reach the total six-monthly Minimum Spend that you committed to spend over that six-month period, we reserve the right to xxxx bill you in the month following expiry of the relevant six-month period the difference between the actual amount you spent and the amount you committed to spend in that six-month period pursuant to the Minimum Spend. 18.2 If the Contract or any individual Services are terminated during the Minimum Term or any agreed term for the relevant Service(s) and you received free installation of any Services or Lines as part of the Tariff or otherwise, then we reserve the right to impose a termination charge equal to the installation cost divided by the number of the months in the relevant term, multiplied by the number of months remaining in the relevant term, less a discount sum, computed on the basis of a 5% discount for a full year or early payment, and a pro rata lesser sum for a shorter period of greater sum for a longer period.

Appears in 1 contract

Samples: Conditions for Communications Services

Minimum Spend. 18.1 19.1 If you fail to reach the annualised Minimum Spend commitment in respect of a Service over the Minimum Term for such Service then we reserve the right to xxxx you in the month following expiry of the Minimum Term the difference between the actual amount you spent and the amount you committed to spend pursuant to the Minimum Spend over the Minimum Term. Following the expiry of the relevant Minimum Term, if in any 6-month period you fail to reach the total six-monthly Minimum Spend that you committed to spend over that six-month period, we reserve the right to xxxx you in the month following expiry of the relevant six-month period the difference between the actual amount you spent and the amount you committed to spend in that six-month period pursuant to the Minimum Spend. 18.2 19.2 If the Contract or any individual Services are terminated during the Minimum Term or any agreed term for the relevant Service(s) and you received free installation of any Services or Lines as part of the Tariff or otherwise, then we reserve the right to impose a termination charge equal to the installation cost divided by the number of the months in the relevant term, multiplied by the number of months remaining in the relevant term, less a discount sum, computed on the basis of a 5% discount for a full year or early payment, and a pro rata lesser sum for a shorter period of greater sum for a longer period.

Appears in 1 contract

Samples: Service Agreement

Minimum Spend. 18.1 19.1 If you fail to reach the annualised Minimum Spend commitment in respect of a Service over the Minimum Term for such Service then we reserve the right to xxxx you in the month following expiry of the Minimum Term the difference between the actual amount you spent and the amount you committed to spend pursuant to the Minimum Spend over the Minimum Term. Following the expiry of the relevant Minimum TermTerm , if in any 6-month period you fail to reach the total six-monthly Minimum Spend that you committed to spend over that six-month period, we reserve the right to xxxx you in the month following expiry of the relevant six-six- month period the difference between the actual amount you spent and the amount you committed to spend in that six-month period pursuant to the Minimum Spend. 18.2 19.2 If the Contract or any individual Services are terminated during the Minimum Term or any agreed term for the relevant Service(s) and you received free installation of any Services or Lines as part of the Tariff or otherwise, then we reserve the right to impose a termination charge equal to the installation cost divided by the number of the months in the relevant term, multiplied by the number of months remaining in the relevant term, less a discount sum, computed on the basis of a 5% discount for a full year or early payment, and a pro rata lesser sum for a shorter period of greater sum for a longer period.

Appears in 1 contract

Samples: Service Agreement

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Minimum Spend. 18.1 19.1 If you fail to reach the annualised Minimum Spend commitment in respect of a Service over the Minimum Term for such Service then we reserve the right to xxxx you in the month following expiry of the Minimum Term the difference between the actual amount you spent and the amount you committed to spend pursuant to the Minimum Spend over the Minimum Term. Following the expiry of the relevant Minimum Term, if in any 6-month period you fail to reach the total six-monthly Minimum Spend that you committed to spend over that six-month period, we reserve the right to xxxx you in the month following expiry of the relevant six-month period the difference between the actual amount you spent and the amount you committed to spend in that six-month period pursuant to the Minimum Spend. 18.2 19.2 If the Contract or any individual Services are terminated during the Minimum Term or any agreed term for the relevant Service(s) and you received free installation of any Services or Lines as part of the Tariff or otherwise, then we reserve the right to impose a termination charge equal to the installation cost divided by the number of the months in the relevant term, multiplied by the number of months remaining in the relevant term, less this represents a discount sum, computed on reasonable pre-estimate of the basis of a 5% discount for a full year or early payment, and a pro rata lesser sum for a shorter period of greater sum for a longer periodloss incurred by us.

Appears in 1 contract

Samples: Service Agreement

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