Common use of Underutilization and Early Termination Clause in Contracts

Underutilization and Early Termination. If Customer's Total Service Charges do not reach the AVC in any Contract Year during the Initial Term; Customer shall pay an "Underutilization Charge" equal to 50% of the unmet AVC. If Customer's Total Service Charges do not reach the AVC in any Contract Year because the Agreement is terminated early by the Customer without Cause or by Company with Cause, Customer shall pay an “Early Termination Charge” equal to 50% of the unmet AVC plus a pro rata portion of any credits received by Customer. Waiver(s):

Appears in 1 contract

Samples: enterprise.verizon.com

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Underutilization and Early Termination. If Customer's ’s Total Service Charges do not reach the AVC in any Contract Year during the Initial Term; , Customer shall pay an "Underutilization Charge" equal to 5025% of the unmet AVC. If Customer's ’s Total Service Charges do not reach the AVC in any Contract Year because the Agreement is terminated early by the Customer without Cause or by the Company with Cause, Customer shall pay an “Early Termination Charge” equal to 5025% of the unmet AVC plus a pro rata portion of any credits received by Customer. Waiver(s):Waivers:

Appears in 1 contract

Samples: enterprise.verizon.com

Underutilization and Early Termination. If Customer's ’s Total Service Charges do not reach the AVC in any Contract Year during the Initial Term; Customer shall pay an "Underutilization Charge" equal to 50% of the unmet AVC. If Customer's ’s Total Service Charges do not reach the AVC in any Contract Year because the Agreement is terminated early by the Customer without with Cause or by Company with for Cause, Customer shall pay an a “Early Termination Charge” Termination: charge equal to 50% of the unmet AVC plus a pro rata portion of any credits received by the Customer. Waiver(s):Waivers:

Appears in 1 contract

Samples: enterprise.verizon.com

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Underutilization and Early Termination. If Customer's Total Service Charges do not reach the AVC in any Contract Year during the Initial Term; , Customer shall pay an "Underutilization Charge" equal to 50% of the unmet AVC. If Customer's Total Service Charges do not reach the AVC in any Contract Year because the Agreement is terminated early by the Customer without Cause or by Company with Cause, Customer shall pay an “Early Termination Charge” equal to 50% of the unmet AVC plus a pro rata portion of any credits received by Customer. Waiver(s):

Appears in 1 contract

Samples: enterprise.verizon.com

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