Annual Minimum Commitment definition

Annual Minimum Commitment means the minimum quantity of Product to be ordered by Customer in each Contract Year as set forth in Exhibit A, attached hereto. ​
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Annual Minimum Commitment has the meaning ascribed thereto in subsection 3.2(b).
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Annual Minimum Commitment or “AMC”). During the Term of the Agreement, Reseller shall pay to Diversinet an Annual Minimum Commitment, payable as follows:
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Examples of Annual Minimum Commitment in a sentence

  • The calendar of the Championship will at a minimum comply with the Annual Minimum Commitment.

  • The Parties agree that the Annual Minimum Commitment represents the minimum quantity to be purchased by Customer on an annual basis.

  • Customer agrees to purchase enough kits to run the number of tests listed under the Annual Minimum Commitment column (“Purchase Commitment”), each year for the duration of the Agreement.

  • If, during any Annual Period of the term commitment, the customer’s total usage of contracted services falls below the Annual Minimum Commitment, the customer may be billed the actual amount for the service used plus the difference between that amount and the Annual Minimum Commitment (referred to as a shortfall).

  • The calendar of the Cup will at a minimum comply with the Annual Minimum Commitment.

  • Each customer must select either a minimum usage commitment per month (Minimum Monthly Commitment) or an annual usage commitment per 12- month period (Annual Minimum Commitment).

  • For customers who sign a one, two, or three-year Annual Minimum Commitment term, the Annual Period will begin on the first day of the second billing cycle following the customer’s enrollment for service.

  • Effective October 1, 2004, Customer will receive a credit of $17,000 for each $100,000 of Contributory Charges paid in excess of the contractual Annual Minimum Commitment during Contract Years 9 and 10.

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  • In consideration of the licenses, ongoing support, and services to be provided hereunder, AllOne will pay to Diversinet the Annual Minimum Commitment, the BCNEPA Annual Minimum Commitment and the parties shall share Revenues as set forth in Exhibit C.


More Definitions of Annual Minimum Commitment

Annual Minimum Commitment or “AMC” means amounts payable by AllOne to Diversinet pursuant to the terms of this Agreement and in Exhibit C attached hereto.
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Related to Annual Minimum Commitment

  • Minimum Commitment means any minimum commitment of time and usage for use of the Services by You during the Term of this Agreement.

  • Maximum Commitment means initially the amount specified in item 4 on Schedule A, as such amount may be reduced from time to time in accordance with Section 2.04(a).

  • Maximum Commitment Amount means Five Million Dollars ($5,000,000.00).

  • Maximum Available Commitment means, subject to the proviso contained in the third sentence of Section 2.02(a), at any time of determination, (a) the Maximum Commitment at such time less (b) the aggregate amount of each Interest Advance outstanding at such time; provided that following a Provider Advance or a Final Advance, the Maximum Available Commitment shall be zero.

  • Total Initial Term Loan Commitment means the sum of the Initial Term Loan Commitments of all Lenders.

  • L/C Commitment Amount has the meaning given to that term in Section 2.3.(a).

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • Total Commitment Amount means, at any particular time, the aggregate of the Individual Commitments of all of the Lenders at such time.

  • Adjusted Total Term Loan Commitment means at any time the Total Term Loan Commitment less the Term Loan Commitments of all Defaulting Lenders.

  • Unused Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the Aggregate Revolving Facility Exposure at such time.

  • Available Commitment means a Lender’s Commitment minus:

  • Total Revolving Commitment means the sum of the Revolving Commitments of the Lenders as the same may be decreased or increased pursuant to the terms of this Agreement. As of the Closing Date, the amount of the Total Revolving Commitment is $250,000,000.

  • Commitment Amount means the aggregate amount of up to Ten Million Dollars ($10,000,000) which the Investor has agreed to provide to the Company in order to purchase the Company's Common Stock pursuant to the terms and conditions of this Agreement.

  • Volume Commitment means the agreed upon Customer commitment to purchase, and may be described as an Annual Volume Commitment, Total Volume Commitment, Tiered Volume Commitment, or Subminimum Volume Commitment.

  • Initial Term Commitment means, as to each Term Lender, its obligation to make an Initial Term Loan to the Borrowers pursuant to Section 2.01(a) in an aggregate amount not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 (as in effect on the Closing Date) under the caption “Initial Term Commitment,” as such amount may be adjusted from time to time in accordance with this Agreement. The initial aggregate amount of the Initial Term Commitments is $350,000,000.

  • Total Commitment means, at any time, the sum of the Commitments of each of the Lenders at such time.

  • L/C Commitment $50,000,000.

  • Incremental Term Commitment has the meaning specified in Section 2.14(a).

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Revolving Commitment Amount means, as to any Lender, the Revolving Commitment amount (if any) set forth opposite such Lender’s name on Schedule 1.1 hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Revolving Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement).

  • Total Term Loan Commitment means, at any time, the sum of the Term Loan Commitments of each of the Lenders at such time.

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.14(C)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • LC Commitment Amount means $600,000,000 as the same may be reduced permanently from time to time pursuant to Section 2.08.

  • Unused Revolving Commitment means, for any Lender at any time, the excess of (i) such Lender’s Revolving Commitment at such time over (ii) such Lender’s Revolving Facility Exposure at such time.

  • Tranche B Term Commitment as to any Tranche B Term Lender, the obligation of such Tranche B Term Lender to make an Initial Tranche B Term Loan to the Borrower in the principal amount set forth under the heading “Tranche B Term Commitment” opposite such Tranche B Term Lender’s name on Schedule 2.1 to this Agreement. The aggregate principal amount of the Tranche B Term Commitments as of the Closing Date is $1,025,000,000.

  • Commitment Utilization Percentage means on any day the percentage equivalent to a fraction (a) the numerator of which is the aggregate outstanding principal amount of Revolving Credit Loans, including the aggregate outstanding principal amount of Letters of Credit, Swingline Loans and Competitive Loans, and (b) the denominator of which is the Total Commitment (or, on any day after termination of the Commitments, the Total Commitment in effect immediately preceding such termination).