Minimum Annual Volume Commitment definition

Minimum Annual Volume Commitment means, with respect to a Product, the annual volume of such Product required to be purchased by LiveWire from HD as specified in Exhibit A.

Minimum Annual Volume Commitment or “MAV Commitment” has the meaning set forth in Section 2.4 below.

Minimum Annual Volume Commitment. During the Term, Customer agrees to pay Company, at minimum, the amount of Total Service Charges set forth below for each twelve (12) month period of the Term less the amount of any Service Level credits to which Customer, including any Service Recipient, is entitled under the Agreement, where each such twelve (12) month period begins on the anniversary of the first day of the Initial Term (each a “Contract Year”), each such amount to be referred to as the “Annual Volume Commitment” or “AVC” for that Contract Year. In determining whether Customer has paid to Company the AVC for a Contract Year, the Total Service Charges for a Contract Year invoiced to Customer by Company will be compared to the AVC for that Contract Year. The Minimum Annual Volume Commitment (“AVC”) for each Contract Year* of the Term are as follows: Ramp-Up Period*: N/A Contract Year 1: $12,700,000 Contract Year 2: $14,700,000 Contract Year 3: $14,700,000 Contract Year 4: $14,700,000 Contract Year 5: $14,700,000 Optional Renewal Term: $14,700,000. During any month of the month-to-month Extended Term, if any, Customer will be subject to a monthly commitment equal to 1/12 the AVC in effect at the end of the last complete Contract Year. Contract Year 1 will commence at the end of the six (6) month Ramp-Up Period, during which Ramp-Up Period no minimum commitments shall apply. Contributory Services: Without limitation, the following Service Charges will contribute to Customer’s AVC: Monthly Recurring Charges for Managed Services; Monthly Recurring Charges for Voice over IP, Managed IP-PBX and UCCaaS Services; Monthly Recurring Charges for Managed Security Services and IP-VPN Remote Access (SSL); Monthly Recurring Charges for Open Video Services; Monthly Recurring Charges and per-minute or per-call Charges, as applicable, for Long Distance Voice, Local Voice, Conferencing, Contact Center and Data Access Transport Services, excluding MPL SONET (Leased) service.

Examples of Minimum Annual Volume Commitment in a sentence

• Minimum Annual Volume Commitment (“AVC”): $120,000.00 During each monthly billing period of the Extended Term, Customer’s Total Service Charges must equal or exceed one-twelfth (1/12) of the AVC.

• Minimum Annual Volume Commitment (“AVC”): $180,000.00 Total Service Charges is defined as all charges, after application of all discounts and credits for the services excluding Taxes, Governmental Charges, equipment, Document Delivery Fax, non-recurring charges, goods and services acquired by the Company as the Customer’s agent, international pass-through access and charges for international access provided by the Company and other charges expressly excluded by this Agreement.

• Minimum Annual Volume Commitment (“AVC”): $1,200,000 in Customer’s Total Service Charges Commencing on the 11th Amendment Effective Date and for the remainder of the Term, Customer’s new AVC will be $1,800,000 in Total Service Charges, or a pro rata portion thereof for any partial contract year.

• Minimum Annual Volume Commitment (“AVC”): $400,000.00 in Total Service Charges (“AVC”) during each contract year of the Term.

• Minimum Annual Volume Commitment (“AVC”): Customer agrees to pay Verizon no less than $ 240,000.00 in Total Service Charges (defined below) during each Contract Year (the “AVC”).

More Definitions of Minimum Annual Volume Commitment

Minimum Annual Volume Commitment. (“AVC”): The Customer’s use of Company service must equal or exceed $1,800,000 during each annual period of the term of service, or a pro rata portion thereof for any partial annual period (AVC). Commencing on the 3rd Amendment Effective Date, the Customer’s use of Company service must equal or exceed $3,000,000 or a pro rata portion thereof for any partial Contract Year. Commencing on the 7th Amendment Effective Date, the Customer’s use of Company service must equal or exceed $1,200,000 or a pro rata portion thereof for any partial Contract Year. Commencing on the 24th Amendment Effective Date, the Customer’s use of Company service must equal or exceed a monthly minimum of $150,000.

Minimum Annual Volume Commitment. (“AVC”): $1,300,000.00 During each annual period of the Extended Term, Customer’s Total Service Charges must equal or exceed the AVC.

Minimum Annual Volume Commitment. The Customer’s Company service usage must equal or exceed the following amounts during each annual period of the Term as follows: Year 1: $ 600,000.00 Year 2: $ 900,000.00 Year 3: $1,200,000.00 Commencing on the 6th Amendment Effective Date and for the remainder of the Term, Customer’s new AVC will be as follows in Total Service Charges, or a pro rata portion thereof for any partial Contract Year. Year 1: $ 600,000.00 Year 2: $ 900,000.00 Year 3: $1,500,000.00 Year 4: $1,500,000.00 Commencing on the 10th Amendment Effective Date and for the remainder of the Term, Customer’s new AVC will be as follows in Total Service Charges, or a pro rata portion thereof for any partial Contract Year. Year 4: $1,000,000.00 Year 5: $1,000,000.00 Year 6: $1,000,000.00

Minimum Annual Volume Commitment. The Customer’s Company service usage must equal or exceed $1,200,000.00 during each annual period of the Term (“MRV”).

Minimum Annual Volume Commitment. The Customer shall pay the Company no less than $350,000 in Company service usage charges during each annual period of the Term (MVR). At any time after the end of the second annual period of the Term, if the Customer’s Company service usage charges equal or exceed $1,000,000 (TVR), the Customer may terminate the agreement without liability. During the Extended Term, the Customer shall pay the Company no less than 1/12 of the MVR during each monthly period of the Extended Term.

Minimum Annual Volume Commitment. (“AVC”): The Customer's total service usage must equal or exceed $84,000 during each annual period of the term (AVC).

Minimum Annual Volume Commitment means the annual minimum volume of Product to be ordered by Customer per calendar year as specified in the Product Addendum.