Minimum Revenue Commitment definition

Minimum Revenue Commitment has the meaning set forth in Section 2.2(a).

Minimum Revenue Commitment means the minimum amount the Customer is required to pay BT, as set out in any applicable Order.

Minimum Revenue Commitment means the monthly amount that Customer commits to be charged by Rogers, regardless of the number of Lines activated for the IoT Connectivity Services.

Examples of Minimum Revenue Commitment in a sentence

• Notwithstanding the previous sentence, any deficiency owed by HFRM due to its failure to satisfy any Minimum Revenue Commitment, if any, set forth on Exhibit C, as to any Applicable Asset for a Contract Quarter shall be offset by any revenue owed to HEP Operating in excess of any Minimum Revenue Commitment for such Contract Quarter set forth on Exhibit C from any other Applicable Asset at the same location.

• The Deficiency Notice shall (i) specify in reasonable detail the nature of any deficiency and (ii) specify the approximate dollar amount that HEP Operating believes would have been paid by HFRM to HEP Operating if HFRM had complied with its Minimum Revenue Commitment obligations pursuant to this Agreement (the “Deficiency Payment”).

• The fact that HFRM has exceeded or fallen short of the Minimum Revenue Commitment with respect to any Contract Quarter shall not be considered in determining whether HFRM meets, exceeds or falls short of the Minimum Revenue Commitment with respect to any other Contract Quarter, and the amount of any such excess or shortfall shall not be counted towards or against the Minimum Revenue Commitment with respect to any other Contract Quarter.

• Unless objected to by HEP Operating within 60 days of receipt by HEP Operating of such proposal, such new Minimum Revenue Commitment under this Agreement shall become effective as of the date proposed by HFRM.

• The principal objective of HEP Operating is for HFRM to meet or exceed its obligations with respect to the Minimum Revenue Commitment.

More Definitions of Minimum Revenue Commitment

Minimum Revenue Commitment means the minimum amount of revenue that you agree to achieve from the Minimum Period Start Date, as set out in Paragraph 8.12.

Minimum Revenue Commitment means the minimum number of Users (as set out in your Order) that will use

Minimum Revenue Commitment means the minimum amount you are required to pay BT per month throughout the duration of the Contract, as set out in any applicable Order.

Minimum Revenue Commitment means the minimum number of Users (as set out in your Order) that will usethe Voice Calling with Microsoft Teams Service within a calendar month.

Minimum Revenue Commitment or “MRC” is defined in Section 3.6(a). 116. [*] 117. [*] Confidential Schedule D — Definitions

Minimum Revenue Commitment means the level of spend (excluding VAT) the Reseller commits to achieve for the Service by the end of the Minimum Period of Service. Minimum Revenue Commitment is set out in the Order.

Minimum Revenue Commitment has the meaning set forth in Section 2(a). "Navajo Refinery" means the refining facilities owned by the Xxxxx Group in Artesia and Lovington, New Mexico. "PPI" has the meaning set forth in Section 2(a). "Partnership Agreement" means the First Amended and Restated Agreement of Limited Partnership of Xxxxx Energy Partners, L.P., as it may be amended from time to time. "Partnership Group" means the Partnership, the Operating Partnership and any Subsidiary of any such Person, treated as a single consolidated entity. "Partnership Group Member" means any member of the Partnership Group. "Person" means an individual or a corporation, limited liability company, partnership, joint venture, trust, unincorporated organization, association, government agency or political subdivision thereof or other entity. "Prime Rate" means the prime rate per annum announced by ______________, or if _______________ no longer announces a prime rate for any reason, the prime rate per annum announced by the largest U.S. bank measured by deposits from time to time as its base rate on corporate loans, automatically fluctuating upward or downward with each announcement of such prime rate. "Refined Products" means gasolines, diesel fuel, jet fuel, kerosene, heating oil, distillates, transmix, liquefied petroleum gas, natural gas liquids and blend stocks. 3 <PAGE> "Refined Product Pipelines" means the pipelines described on Exhibit A attached hereto. "Refined Product Terminals" means the terminals described on Exhibit B attached hereto. "Refineries" means, collectively, the Navajo Refinery and the Xxxxx Cross Refinery. "Refund" has the meaning set forth in Section 9(c). "Subsidiary" means with respect to any Person, (a) a corporation of which more than 50% of the voting power of shares entitled (without regard to the occurrence of any contingency) to vote in the election of directors or other governing body of such corporation is owned, directly or indirectly, at the date of determination, by such Person, by one or more Subsidiaries of such Person or a combination thereof, (b) a partnership (whether general or limited) in which such Person or a Subsidiary of such Person is, at the date of determination, a general or limited partner of such partnership, but only if more than 50% of the partnership interests of such partnership (considering all of the partnership interests of the partnership as a single class) is owned, directly or indirectly, at the date of determination, by such Person, by ...