Minimum Usage means 90% of Anticipated Usage.
Minimum Usage means, for each Transaction, Actual Usage of 90% of the applicable Anticipated Usage, unless otherwise specified in the applicable Transaction Agreement.
Minimum Usage shall have the meaning specified therefor in Section 2.4(d).
Examples of Minimum Usage in a sentence
The Minimum Usage Fee for each calendar month shall be due and payable on the first day of the next calendar month.
See schedule below: Years of Minimum Usage Service Per Year* 6 thru 10 15 days 11 years & after 18 days *Computation of minimum usage will occur as of December 31st of each year.
Minimum Usage: There is a minimum usage of Earned Hours required each year.
A Minimum Usage Charge is the difference between your monthly usage guarantee, as agreed upon in your Service Contract, and your monthly usage plus applicable monthly recurring charges.
Minimum Usage: There is a minimum usage of Earned Days required each year.
More Definitions of Minimum Usage
Minimum Usage means the percentage of allowable usage below the Anticipated Energy Usage, if applicable, as defined in the Transaction Confirmation.
Minimum Usage means an amount equal to seventy percent (70%) of the Maximum Facility Amount. “Moody’s” means Xxxxx’x Investors Services, Inc., or any successor thereto. “Multiemployer Plan” means a “multiemployer plan” as defined in Section 4001(a)(3) of ERISA to which Holdings, a Loan Party or any ERISA Affiliate contributed or had any obligation to contribute on behalf of its employees at any time during the current year. “Multiple Employer Plan” means an employee benefit plan (as defined in Section 3(3) of ERISA) which has two or more contributing sponsors (including Holdings, each Loan Party or any ERISA Affiliate) at least two of whom are not under common control, as such a plan is described in Section 4064 of ERISA. “NAIC” has the meaning assigned to that term in Section 3.01(g)means National Association of Insurance Commissioners. “Net Income” means for any period, the net income (or loss) of the Loan Parties, determined on a consolidated basis, after deduction of all expenses, taxes, and other proper charges, determined in accordance with GAAP. “Non‐Call Period” has the meaning assigned to that term in Section 2.04(d). “Non‐Consenting Lender” means any Lender that does not approve any consent, waiver, amendment, modification or termination that (a) requires the approval of all Lenders or all affected Lenders in accordance with the terms of Section 11.01 and (b) has been approved by the Majority Lenders. “Non‐Dollar Amount” has the meaning assigned to that term in the definition of “Dollar Equivalent.” “Non‐U.S. Lender” has the meaning assigned to that term in Section 2.13(e). “Non‐Usage Fee” shall mean, for any day, from and including the Closing Date to, but excluding, the Facility Termination Date and other than any day on which a Market Trigger Event has occurred and is continuing (with written notice of such Market Trigger Event provided Year after Closing
Minimum Usage means an amount equal to seventy percent (70%) of the Maximum Facility Amount. “Xxxxx’x” means Xxxxx’x Investors Services, Inc., or any successor thereto.
Minimum Usage means the minimum number of gallons of propane gas that a consumer must purchase during the term of the contract in order to avoid the payment of an underutilization fee.
Minimum Usage has the meaning set forth in Section 2.7(c)(iii).
Minimum Usage. For all of the LMB Customers that Buyers purchases pursuant to this Agreement, that do not xxxx a minimum of $20.00 in telecommunication charges, shall pay an additional $2.50 per month (the "Monthly Minimum Payment").
Minimum Usage mean the minimum number of hours that the Hirer must pay for at the Rate in a particular period as specified in the Order(regardless of whether or not the Hirer actually uses the Equipment for those hours);