Common use of Ramp Period Clause in Contracts

Ramp Period. The Ramp Period shall begin on the Effective Date and continue for a period of 2 months following the Effective Date. Commencing with the Effective Date and at all times during the Ramp Period thereafter, Customer will receive the rates, discounts, charges and credits set forth herein and will not be subject to the AVC. Minimum Annual Volume Commitment (“AVC”): Customer’s Total Service Charges must equal or exceed the following amounts based on Contract Year: Contract Year 1 - $170,000.00 Contract Year 2 - $180,000.00 Commencing on the 2nd Amendment Effective Date and for the remainder of the Term, Customer’s new AVC will be $250,000.00 in Total Service Charges, or a pro rata portion thereof for any partial Contract Year. Commencing on the 7th Amendment Effective Date and for the remainder of the Term, Customer’s new AVC will be $330,000.00 in Total Service Charges, or a pro rata portion thereof for any partial Contract Year.

Appears in 2 contracts

Samples: enterprise.verizon.com, enterprise.verizon.com

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Ramp Period. The Ramp Period shall begin on the Effective Date and continue for a period of 2 3 months following the Effective Date. Commencing with the Effective Date and at all times during the Ramp Period thereafterPeriod, Customer will receive the rates, discounts, charges and credits set forth herein and will not be subject to the AVC. Minimum Annual Volume Commitment (“AVC”): Customer’s Customer agrees to pay Company no less than $250,000.00 in Total Service Charges must equal or exceed (“AVC”) during each contract year of the Term (following amounts based on Contract Year: Contract Year 1 - $170,000.00 Contract Year 2 - $180,000.00 the expiration of the Ramp Period). Commencing on the 2nd 4th Amendment Effective Date and for the remainder of the Term, Customer’s new AVC will be $250,000.00 650,000 in Total Service Charges, or a pro rata portion thereof for any partial Contract Yearcontract year. Commencing on the 7th 6th Amendment Effective Date and for the remainder of the Term, Customer’s new AVC will be $330,000.00 380,000 in Total Service Charges, or a pro rata portion thereof for any partial Contract Yearcontract year.

Appears in 1 contract

Samples: enterprise.verizon.com

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Ramp Period. The Ramp Period shall begin on the Effective Date and continue for a period of 2 3 months following the Effective Date. Commencing with the Effective Date and at all times during the Ramp Period thereafterPeriod, Customer will receive the rates, discounts, charges and credits set forth herein and will not be subject to the AVC. Minimum Annual Volume Commitment (“AVC”): Customer’s Customer agrees to pay Company no less than $250,000.00 in Total Service Charges must equal or exceed (“AVC”) during each contract year of the Term (following amounts based on Contract Year: Contract Year 1 - $170,000.00 Contract Year 2 - $180,000.00 the expiration of the Ramp Period). Commencing on the 2nd 4th Amendment Effective Date and for the remainder of the Term, Customer’s new AVC will be $250,000.00 650,000 in Total Service Charges, or a pro rata portion thereof for any partial Contract Yearcontract year. Commencing on the 7th 6th Amendment Effective Date and for the remainder of the Term, Customer’s new AVC will be $330,000.00 380,000 in Total Service Charges, or a pro rata portion thereof for any partial Contract Yearcontract year. Commencing on the 8th Amendment Effective Date and for the remainder of the Term, Customer’s new AVC will be $550,000 in Total Service Charges, or a pro rata portion thereof for any partial contract year.

Appears in 1 contract

Samples: enterprise.verizon.com

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