Line Term definition

Line Term means the period of time that the Customer commits to maintain the selected price plan on a certain Data Only Line. Following the end of the Line Term for each Data Only Line, the Line Term shall continue on a month to month basis at the then-current pricing in effect for such Data Only Line, until terminated by either Rogers or the Customer. During any such month to month renewal of the Line Term, Rogers reserves the right to remove any discount set out in the Agreement for the applicable Data Only Line.

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Line Term means the period of time that the Customer commits to maintain the selected core price plan on a certain Corporately Paid Line.

Line Term means the period commencing on the Closing Date and ending on the applicable Maturity Date.

Examples of Line Term in a sentence

• When the Line Term expires, Wireless Service continues on a month-to-month basis.

• In other words, EIRF = amount of Economic Inducement x # months left in the Line Term ÷ total # months in the Line Term + applicable taxes.

• If you wish to upgrade a Device prior to the end of the Line Term (but not during the one-month period following the activation of the Device), a one-time charge for the applicable Line applies for each month remaining in the Line Term, the Line Term will end and a new Line Term will start.

• An Economic Inducement Recovery Fee (“EIRF”) applies if Rogers provided an Economic Inducement when the Line Term was agreed to, and if the Line is terminated prior to the end of the Line Term.

• The EIRF is equal to the amount of the Economic Inducement multiplied by the number of months remaining in the Line Term at the time of termination divided by the total number of months of the Line Term (plus applicable taxes).

• The Financing Agreement provides for some of the agreements between the Borrowers and the Lender with respect to the “Loans” (as defined in the Financing Agreement), including (i) a revolving credit facility in the maximum principal amount of $25,000,000 and (ii) an Acquisition Line under which an advance evidenced by an Acquisition Line Term Note is outstanding and no further advances are to be made.

• If you choose to downgrade a Line to a core price plan with a lower tier of hardware subsidy eligibility during the Line Term, then you will be charged a one-time hardware downgrade fee.

• The parties acknowledge and agree that the Economic Inducement Recovery Fees are payable by the Customer when a Line is terminated prior to the end of the agreed upon Line Term as a genuine pre-estimate of liquidated damages and not as a penalty.

• For example: $500.00 (DSRF) divided by 24 (number of months in the Line Term) = $20.83.

• This one-time charge is the amount of the DSRF remaining for the applicable Line Term, which will be calculated as follows: the DSRF divided by the number of months in the applicable Line Term, multiplied by the number of months remaining within the applicable Line Term.

More Definitions of Line Term

Line Term. — means the time period that the Customer agrees to maintain a Line as consideration for a benefit provided by Rogers including, but not limited to, the period of time that the Customer commits to maintain the selected price plan on a certain a Line and a Credit Recovery Period. Following the end of the Line Term for each Line, the Line Term shall continue on a month-to-month basis at the then-current pricing in effect for such Line, until terminated by either Rogers or the Customer. During any such month to month renewal of the Line Term, Rogers reserves the right to adjust the pricing for the applicable Line.

Line Term means the period of time that the Customer commits to maintain the selected core price plan on a certain Corporately Paid Line. The Line Term is determined by the Device subsidy selected by the Customer. Following the end of the Line Term for each Corporately Paid Line, the Line Term shall continue on a month to month basis at the then-current pricing in effect for such Corporately Paid Line, until terminated by either Rogers or the Customer. During any such month to month renewal of the Line Term, Rogers reserves the right to adjust the pricing for the applicable Corporately Paid Line.