Consumption basis definition

Consumption basis or “consumption-based” means any offering that is metered with charges that accrue on a predetermined periodic basis (e.g., per second, minute, hour, week, month, or another per-unit basis) and is billed based on actual usage during an elapsed period with predetermined pricing or discounts.
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Consumption basis means any solution that is metered and billed on a predetermined periodic basis (e.g. per second, hour, week, or month) and is billed based on actual usage during an elapsed period with predetermined pricing or rates.
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Consumption basis or “consumption-based” means any offering that
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Examples of Consumption basis in a sentence

  • For each Application Workload used on a Consumption basis, the Consumption Fee shall be calculated by multiplying together the following: the Token Price, the applicable Token Rate, and the Consumption Time for such Application Workload.

  • Clause 8.8 shall apply if the Services are to be provided on a Consumption basis.

  • Clause 7.9 shall apply if the Services are to be provided on a Consumption basis.

  • Clause 7.8 shall apply if the Services are to be provided on a Consumption basis.

  • As an illustrative example, for each Application Workload used on a Consumption basis, the Consumption Fee will be calculated by multiplying together the following: the Token Price, the applicable Token Rate, and the Consumption Time for such Application Workload.

  • Clause 9.7 shall apply if the Services are to be provided on a Consumption basis.

  • Clause 0 shall apply if the Services are to be provided on a Consumption basis.

  • Services are provided on a Metered Consumption basis as more particularly explained in the MK/IO Resource Documents.

  • Services are provided on a Metered Consumption basis as more particularly explained in the ▇▇.▇▇ Resource Documents.

  • This Master Flexible Consumption Agreement (this “Master Agreement” or “MFCA”) is made effective as of April 25, 2022 (the This MFCA governs Customer's access to and use of a configuration of Products on a Flexible Consumption basis at an agreed Customer location, as described in one or more separately executed Flex Consumption Schedules (the “Schedule(s)”).

Related to Consumption basis

  • Consumption of a chemical means its conversion into another chemical via a chemical reaction.

  • Consumption Data means customer specific electric usage data, or weather adjusted data, including but not limited to kW, kWh, voltage, var, power factor, and other information that is recorded by the electric meter for the Company and stored in its systems. Consumption Data also includes payment and service history, account number, and amount billed.

  • Delivery Point(s) means: (i) for natural gas transported by interstate pipelines, the city gate stations of your Utility, and (ii) for electricity, one or more points at which Company, as your agent, has arranged for the delivery of electricity to a third party (such as your Utility) for your account or at your premises.

  • Open type traction battery means a type of battery requiring filling with liquid and generating hydrogen gas that is released to the atmosphere.

  • estimated consumption means the consumption that a customer, whose consumption is not measured during a specific period, is deemed to have consumed and that is estimated by taking into account factors that are considered relevant by the Municipality and which may include the consumption of municipal services by the totality of the users of a service within the area where the service is rendered by the Municipality, at the appropriate level of service, for a specific time;