Ramp Down Period. Provided that Customer is in compliance with its obligations under the Agreement, at Customer's written request at least sixty (60) days prior to the end of the Term, following the expiration of the Term, Customer may continue to receive Services at the rates and discounts provided herein for up to six (6) months . During the Ramp Down Period, the terms and conditions of the Agreement will apply except that (i) the AVC will not apply, and (ii) Company may reduce the reporting, service level agreements and account team support to the standard levels available in the Guide or Tariffs.
Ramp Down Period shall have the meaning set forth in Clause 13.2.1.
Ramp Down Period means, for each Option, the period prior to the commencement of the DR Period for that Option as set out in Schedule 1.
Examples of Ramp Down Period in a sentence
If any day in a month falls during a DR Period, Ramp-Down Period, Paused Period or Ramp- Up Period, Meridian shall, as soon as practicable, but no later than 10 Business Days, after the end of that month, notify NZAS in writing of the Actual Reductions achieved during the DR Period, Ramp-Down Period, Paused Period and Ramp-Up Period and the total amount that is payable by Meridian under clause 13 in respect of the previous month.
More Definitions of Ramp Down Period
Ramp Down Period. Provided that Customer is in compliance with its obligations under the Agreement, at Customer's written request at least sixty (60) days prior to the end of the Term, following the expiration of the Term, Customer may continue to receive Services at the rates and discounts provided herein for up to 3 months. During the Ramp Down Period, the Customer’s Total Service Charges must equal or exceed: 1/12th of the AVC during the 1st month, 1/16th of the AVC during the 2nd month and 1/24th of the AVC during the 3rd month of the Ramp Down Period. At the conclusion of the Ramp Down Period, the Customer may continue to receive Services at the Company’s standard Tariff or Guide rates, unless the Customer and the Company execute an Agreement setting forth new rates and discounts for such Services. Rates and Charges:
Ramp Down Period. Provided that Customer is not in material breach of the Agreement and the Customer has met the AVC upon written request from Customer at least sixty (60) days prior the end of the Initial Term or Extended Term or Month to Month Term, the Company will continue to furnish the Services for six (6) additional months after the expiration of the Term (“Ramp Down Period”). There is no volume commitment during the Ramp Down Period. During the Ramp Down Period, the Company may reduce the reporting, service level agreements and account team support commensurate with the reduction in Customer’s usage of Service. Company will provide reasonable assistance if Customer migrates Services to replacement service providers. Rates and Charges:
Ramp Down Period. Provided that Customer is in compliance with its obligations under the Agreement, at Customer's written request at least sixty (60) days prior to the end of the Term, following the expiration of the Term, Customer may continue to receive Services at the rates and discounts provided herein for up to 3 months, or if Customer’s Total Service Charges during the last month of the Term are equal to or greater than $100,000 6 months, (the Ramp Down Period). During the Ramp Down Period, the terms and conditions of the Agreement will apply except that (i) the TVC will not apply, and (ii) Company may reduce the reporting, service level agreements and account team support to the standard levels available in the Guide or Tariffs.
Ramp Down Period. Provided that Customer is in compliance with its obligations under the Agreement, and further provided that the Customer’s Total Service Charges during each of the last 6 months of the Term equals or exceeds $40,000 at Customer's written request at least sixty (60) days prior to the end of the Term, following the expiration of the Term, Customer may continue to receive Services at the rates and discounts provided herein for up to 6 months. During the Ramp Down Period, the terms and conditions of this Agreement will apply except that (i) the AVC will not apply, and (ii) Company may reduce the reporting, service level agreements and account team support to the standard levels available in the Guide or Tariffs. Minimum Volume Commitment (“TVC”): $3,000,000.00 in Total Service Charges Total Service Charges” means all charges, after application of all discounts and credits, incurred by Customer for Services provided under this Agreement, specifically excluding: (a) Taxes (defined above); (b) charges for equipment (unless otherwise expressly stated herein); (c) charges for Company ILEC services (d) Company Wireless charges, (e) charges incurred for goods or services where Company acts as agent for Customer in its acquisition of goods or services; (f) non-recurring charges; (g) Governmental Charges; (h) international pass-through access charges (i.e., Type 3/PTT) and charges for international access provided by Company (i.e., Type 1); and (i) other charges expressly excluded by this Agreement. During each Contract Year of the Extended Term, the Customer’s Total Service Charges must equal or exceed an amount equal one-third of the TVC at the end of the Initial Term (the “Annual Volume Commitment” or AVC).
Ramp Down Period means the period of time commencing on April 27, 2023 and expiring at the end of the day on April 26, 2024.
Ramp Down Period. Provided that Customer is not in breach of the Agreement and Customer has met the TVC, upon written request from Customer at least thirty (30) days prior to the end of the Term, Company will continue to furnish the Services for six (6) additional months after the expiration of the Term (“Ramp Down Period”) at the rates in place immediately prior to the expiration of the Term. There is no volume commitment during the Ramp Down Period. During the Ramp Down Period, Company may reduce the reporting and account team support commensurate with the reduction in usage. In addition, the Service Level Agreements shall remain in full force and effect and Customer will still receive service level credits during the Ramp Down Period. Term Volume Commitment (“TVC”): $4,500,000.00 Customer agrees to pay Company no less than Four Million Five Hundred Thousand Dollars ($4,500,000.00) in Total Service Charges (defined below) during the Initial Term of the Agreement, defined as the 36-month period following the Ramp Period, and no less than an amount equal to sixty percent (60%) of the prior Contract Year Total Service Charges during each Extended Term of the Agreement. A “Contract Year” means each consecutive twelve-month period of the Term starting on the expiration of the Ramp Period. Initial Term TVC: During each monthly billing period of the Initial Term, (the period commencing on the 9th Amendment Effective Date) the Customer’s Usage Charges must equal or exceed $6,000,000. (“Initial Term TVC”). Commencing on the 13th Amendment Effective Date, Customer’s AVC requirement (set forth above) is replaced with a TVC requirement (set forth below): TVC Commitment. Commencing on the 13th Amendment Effective Date and in lieu of the AVC commitment, Customer agrees to pay Company $7,000,000 in Total Service Charges during the Initial Term (“TVC”)
Ramp Down Period. Provided that Customer is not in breach of the Agreement and Customer has met the AVC, upon written request from Customer at least thirty (30) days prior to the end of the Term, Company will continue to furnish the Services for three (3) additional months after the expiration of the Term (“Ramp Down Period”) during which the Customer shall not be obligated to meet the AVC. Customer is not eligible for the Ramp Down Period if it elects the Extended Term.