Annual Volume Commitment definition

Annual Volume Commitment or “AVC” means the total Eligible Charges which Customer must pay during each Contract Year of the Volume Commitment Period.

Annual Volume Commitment. (“AVC”): $4,000,000.00 in Total Service Charges (“AVC”) during each contract year of the Term.

Annual Volume Commitment. (“AVC”): $600 in Total Service Charges (“AVC”) during each contract year of the Term.

Examples of Annual Volume Commitment in a sentence

• Before finalizing a partnership with its manufacturing and/or commercial partner(s), Icosavax will ensure that its agreement(s) with these manufacturing and/or commercial partner(s) have appropriate provisions to support the furtherance of Global Access for the Charitable Purpose, including assurances that the Covid Vaccine will be provided at the Price Commitment and Annual Volume Commitment outlined above consistent with this Agreement.

• Icosavax and/or its manufacturing and/or commercial partner(s) will provide the Annual Volume Commitment for a [***] period commencing on the date of first supplying the Covid Vaccine to a Public Sector Purchaser and ending on the [***] anniversary thereof (the “Annual Volume Commitment Term”).

• If global demand for the Covid Vaccine by Public Sector Purchasers exceeds Icosavax’s and/or its manufacturing and/or commercial partner(s)’ Annual Volume Commitment, the Parties shall discuss in good faith the solution to meet such global demand, including without limitation additional funding to increase Icosavax’s and/or its manufacturing and/or commercial partner(s)’ annual capacity.

More Definitions of Annual Volume Commitment

Annual Volume Commitment has the meaning given in Section 3(b)(iii).

Annual Volume Commitment. (“AVC”): Customer shall not be required to commit to any overall revenue requirement during the Term. During the second Extended Term, Customer will receive the rates commensurate with the rate tier for $6,500,000.00 to $11,999.999.99 in Annual Service Charges.

Annual Volume Commitment means the annual Component volume commitments as indicated in the applicable Order Document.

Annual Volume Commitment means the product of (i) the Volume Commitment and (ii) the number of days in the applicable Contract Year.

Annual Volume Commitment means the product of the Daily Volume Commitment and the number of days in the applicable Contract Year.

Annual Volume Commitment means the volume of Crude Petroleum a Committed Shipper has agreed to ship on the System in a particular Contract Year during the Term, as specified in the Committed Shipper’s TSA.

Annual Volume Commitment or “AVC” means the total Contributing Charges or Eligible Charges, whichever is applicable, which Customer must pay during each Contract Year, for the number of Contract Years of the Volume Commitment Period.