Recurring Credits Clause Samples
The Recurring Credits clause establishes the terms under which a customer receives regular, periodic credits—such as service credits or account credits—over the duration of an agreement. Typically, this clause outlines the frequency, amount, and conditions for applying these credits, which might be tied to continued service usage, timely payments, or meeting certain performance benchmarks. Its core practical function is to provide ongoing financial incentives or compensation, ensuring customer satisfaction and encouraging continued engagement with the service or product.
Recurring Credits. If you have arranged to have direct deposits made to your account from the same person or company, you will receive an e-alert when the deposit has been made if you have signed up for online banking, or you may call us at (▇▇▇) ▇▇▇-▇▇▇▇ during our normal business hours to find out whether or not the deposit has been made.
Recurring Credits. The Customer will receive a monthly recurring credit against domestic and international charges in an amount equal to 25 percent of the standard tariffed rates in effect for the Customer's intrastate Outbound Voice Service and Inbound Voice Service usage, excluding usage within California. The Customer will receive a monthly recurring credit against domestic and international charges in an amount equal to the difference between the standard tariffed rates in effect for the Customer’s intrastate Outbound and Inbound Voice Service usage within California, and the following range of per-minute rates, based on origination and termination type $0.0290 to $0.0350.
Recurring Credits. The Customer will receive a monthly recurring credit against domestic, interstate charges in an amount equal to the difference between the standard tariffed rates in effect for the Customer’s intrastate Inbound voice Service usage within California, Connecticut, Georgia, Massachusetts, New York, Ohio, Pennsylvania and Texas and the following range of per-minute rates based on origination and termination type $0.0250 to $0.0684. Waivers: The Company will waive the Customer’s monthly recurring Access Coordination and Central Office Connection charged during the Term. The Company will waive the Customer’s monthly recurring Network Connection charged during the Term. Initial Term: 24 months Upon expiration of the Term, the Agreement will be automatically extended on a month-to-month basis unless either party terminates this Agreement upon at least sixty (60) days written notice prior to the end of the Initial Term (“Extended Term”). During the Extended Term, either party may terminate this Agreement upon at least sixty (60) days prior written notice. Annual Volume Commitment (“AVC”): $240,000 in Total Service Charges (“AVC”) during each contract year of the Term. Commencing on the 3rd 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.
Recurring Credits. The Customer will receive a monthly recurring credit against domestic, interstate charges in an amount equal to 20 percent of the standard tariffed rates in effect for the Customer's intrastate Outbound Voice Service and Inbound Voice Service usage, excluding usage within Maryland. The Customer will receive a monthly recurring credit against interstate Switched Data charges in an amount equal to 40 percent of the standard tariffed rates in effect for the Customer's intrastate Outbound Switched Data Service and Inbound Switched Data Service usage. Promotions: Customer is eligible to participate in the “On the Network V Lit Building Access Promotion” as set for in the Guide and is eligible for the following range of rates under this promotion; for bandwidths of DSO, DS1, DS3, OC3 and OC12 Customer shall pay a range of rates from $50 to $5,000. A three year term applies. Initial Term: 48 months. The Agreement will be automatically extended (“Extended Term”) on a month-to-month basis upon the expiration of the Initial Term, unless either party has delivered written notice of its intent to terminate the Agreement at least 60 days prior to the end of the Initial Term. Either party may terminate this Agreement during the Extended Term upon sixty (60) days prior written notice. Term shall mean the Initial Term and the Extended Term. Minimum Annual Volume Commitment (“AVC”): $240,000 in Total Service Charges (“AVC”) during each contract year of the Term. During each monthly billing period of the Extended Term, Customer’s Total Service Charges must equal or exceed 1/12th of the AVC.
Recurring Credits. The Customer will receive a credit against domestic, interstate Outbound Voice Service usage in an amount equal to the difference between (a) the applicable tariffed rates in effect for Customer’s intrastate and intrastate intraLATA Outbound Voice Service for the state of Illinois only during the Extension Term and (b) postalized rate of $0.0321 per minute for Customer’s intrastate and intrastate intraLATA Outbound Voice Service for the state of Illinois only during the Amended Term. The Customer will receive a monthly recurring credit against domestic, interstate charges in an amount equal to the sum of (a) a 55 percent discount off the standard tariffed rates in effect for the Customer’s Intrastate Outbound Voice Service usage (Options 2 and 3) for the current monthly period, plus (b) a 55 percent discount off the standard tariffed rates in effect for the Customer’s Intrastate Inbound Voice Service usage (Options 2 and 3) for the currently monthly period. The Customer will receive a monthly recurring credit against domestic, interstate charges in an amount equal to the difference between (a) standard tariffed rates for intrastate Inbound Voice Service usage and (b) postalized rates for intrastate Inbound Voice Service usage at the following range of rates, based on origination and termination: $0.05 to $0.1025, for the Customer’s Intrastate Inbound Voice Service for the states of Missouri only and excluding local access or local exchange telephone services. The Customer will receive a monthly recurring credit equal to $6,000 for monthly recurring feature charges against Customer’s domestic, interstate and International Voice Service usage. The Customer will receive a monthly recurring credit equal to $37,000 for monthly recurring feature charges against Customer’s domestic interstate and International Voice Service usage. The Customer will receive a monthly recurring credit equal to the lesser of: (a) a 4 percent discount off the Customer’s interstate annual usage, or (b) $57,500, against Customer’s interstate annual usage for services under this agreement.
Recurring Credits. The Customer’s AC/COC charges shall be waived.
Recurring Credits. The Customer will receive a monthly recurring credit applied against domestic, interstate charges in an amount equal to 50 percent of the standard tariffed rates in effect for the Customer’s Metro Private Line service usage.
Recurring Credits. Customer will be credited the difference between the rates for the above described circuits billed pursuant to Customer’s previous contract, and the new rates provided under this Agreement. Technology Change/Technology Migration: Customer shall have the option to upgrade either or both of the above circuits to Domestic Private Line point-to-point unprotected OC3c with Full Bandwidth during the first thirty (30) days following the Effective Date of this Agreement at a monthly rate of $7,669.00 with a non-recurring charge of $1,561.00. Provision of such is subject to network capacity and availability. After such period, such OC3 access circuit pricing is subject to change based upon network capacity, availability and external factors. Term: 36 months
Recurring Credits. The Customer will receive a monthly recurring credit against domestic, interstate charges in an amount equal to 18% of the standard tariffed rates in effect for the Customer’s intrastate Outbound and Inbound Voice Service usage. The Customer will receive a monthly recurring credit against domestic, interstate charges in an amount equal to 30% of the standard tariffed rates in effect for the Customer’s CLEC local Service usage.
Recurring Credits. The Customer will receive a monthly recurring credit against domestic, interstate and international charges in an amount equal to the difference between the standard tariffed rates in effect for the Customer’s intrastate Outbound and Inbound Voice Service usage within Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Missouri, North Carolina, Ohio, Pennsylvania, Tennessee, and Wisconsin and the following range of per-minute rates, based on origination and termination type $0.025 to $0.1290.