Commitment Discount Level definition

Commitment Discount Level means the annualized Container Volume as determined hereunder from time to time, and corresponding Commitment Discounts applied to loaded throughput and empty handling charges.
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Examples of Commitment Discount Level in a sentence

  • The Shortfall Amount shall equal the Base Rate in effect for the applicable Determination Period reduced by the applicable Commitment Discount Level for the applicable Determination Period multiplied by the difference between 90% of the loaded containers delivered to or loaded at the Terminal Region during such Determination Period less the number of Carrier’s loaded containers moved through the Terminals during such Determination Period.

  • Following expiration of Carrier’s initial Commitment Discount Level, the throughput and empty handling charges payable by the Carrier for each half-year period shall be calculated by reducing the Base Rate then in effect under this Agreement by the discount for Carrier’s Commitment Discount Level then in effect.

  • Following expiration of Carriers’ initial Commitment Discount Level, the throughput and empty handling charges payable by Carriers for each half-year period shall be calculated by reducing the Base Rate then in effect under this Agreement by the discount for Carriers’ Commitment Discount Level then in effect.