Common use of REQUIREMENTS AGREEMENT Clause in Contracts

REQUIREMENTS AGREEMENT. In consideration of the rates set forth in the Rate Schedule, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, during the Service Term Customer agrees to purchase one hundred percent (100%) of its telecommunications services requirements for SWITCHED ACCESS Service (1+ and Toll Free) (which services are described in this Agreement) from WorldCom under the terms and conditions set forth in this Agreement ("CUSTOMER'S REQUIREMENTS OBLIGATION"). Upon request from WorldCom, Customer agrees to provide WorldCom reasonable documentation evidencing Customer's compliance with this Section 14 and if requested by WorldCom, agrees to allow WorldCom or its representatives to audit Customer's books and records as may be necessary solely to ensure Customer's compliance with Customer's Requirements Obligation. In the event Customer is in breach of this Agreement, in addition to WorldCom's other rights and remedies described in this Agreement, notwithstanding anything to the contrary contained in the Agreement, WorldCom shall have the right to immediately increase Customer's SWITCHED ACCESS Service rates set forth in the Rate Schedule to --**--. Any increase as described herein will not affect Customer's Minimum Revenue Commitment set forth in Section 2 above.

Appears in 2 contracts

Samples: Security Agreement (Amerivision Communications Inc), NTC Agreement (Amerivision Communications Inc)

AutoNDA by SimpleDocs

REQUIREMENTS AGREEMENT. In consideration of the rates set forth in the Rate Schedule, a reduction in Customer's commitments under the Prior Agreement, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, during the Service Term Customer agrees to purchase one hundred percent (100%) of its telecommunications services requirements for from SWITCHED ACCESS Service (1+ and Toll Free) (which services are described in this Agreement) from WorldCom under the terms and conditions set forth in this Agreement ("CUSTOMER'S REQUIREMENTS OBLIGATIONCustomer's Requirements Obligation"). Upon request from WorldCom, Customer agrees to provide WorldCom reasonable documentation evidencing Customer's compliance with this Section 14 5 and if requested by WorldCom, agrees to allow WorldCom or its representatives to audit Customer's books and records as may be necessary solely to ensure Customer's compliance with Customer's Requirements Obligation. In the event Customer is in breach of this Agreement, in addition to WorldCom's other rights and remedies described in this Agreement, notwithstanding anything to the contrary contained in the Agreement, WorldCom shall have the right to immediately increase Customer's SWITCHED ACCESS Service rates set forth in the Rate Schedule to --**--[*]. Any increase as described herein will not affect Customer's Minimum Revenue Commitment Commitments set forth in Section 2 Sections 3 and 4 above.

Appears in 1 contract

Samples: Incomnet Inc

AutoNDA by SimpleDocs

REQUIREMENTS AGREEMENT. In consideration of the rates set forth in the Rate Schedule, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, during the Service Term Customer agrees to purchase one hundred percent (100%) --**-- of its telecommunications services requirements for SWITCHED ACCESS Service (1+ and Toll Free) (which services are described in this Agreement) from WorldCom under the terms and conditions set forth in this Agreement ("CUSTOMER'S REQUIREMENTS OBLIGATION"). Upon request from WorldCom, Customer agrees to provide WorldCom reasonable documentation evidencing Customer's compliance with this Section 14 and if requested by WorldCom, agrees to allow WorldCom or its representatives to audit Customer's books and records as may be necessary solely to ensure Customer's compliance with Customer's Requirements Obligation. In the event Customer is in breach of this Agreement, in addition to WorldCom's other rights and remedies described in this Agreement, notwithstanding anything to the contrary contained in the Agreement, WorldCom shall have the right to immediately increase Customer's SWITCHED ACCESS Service rates set forth in the Rate Schedule to --**--. Any increase as described herein will not affect Customer's Minimum Revenue Commitment set forth in Section 2 above.

Appears in 1 contract

Samples: NTC Agreement (Amerivision Communications Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.