Revenue Commitment definition

Revenue Commitment. A commitment made by Customer obligating it to order and pay for a minimum volume of Services during an agreed term. Service: A service offered by Level 3 pursuant to a Customer Order. Space: The location(s) within Level 3 gateways into which Customer is permitted to colocate telecommunications or internet equipment pursuant to a colocation Customer Order accepted by Level 3.
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Revenue Commitment. Revenue Commitment shall mean, in each Revenue Period, the amount of the Revenue Target that will be achieved either through the payment of Qualifying Revenue by Alliance Partners or the payment of the Shortfall by SBEC in accordance with this Standby Purchase Agreement (or both). Revenue Date: The last day of each respective Revenue Period as set forth in Section 1(a) of this Standby Purchase Agreement.
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Revenue Commitment means the annual amount set forth on Appendix A or Appendix B, as applicable, for each Contract Year.
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Examples of Revenue Commitment in a sentence

  • Where a Minimum Revenue Commitment is set out in the Agreement, such Minimum Revenue Commitment will commence to be billed by Rogers after ninety (90) days from the date the pricing set out above is available to be loaded on the Customer’s Data Only Lines.

  • The applicable Service Term and Revenue Commitment (if any) shall be set forth in the Sales Order.

  • In the event Customer fails to satisfy a Revenue Commitment, Customer will be billed a shortfall charge pursuant to the terms of the applicable PSA.

  • From and after the Commencement Date, on each Payment Due Date, Shipper shall pay Carrier for Services in accordance with this Agreement and the Tariff, including: (i) the Fixed Toll and associated Monthly Revenue Commitment, (ii) the Variable Toll, plus (iii) all other charges and adjustments as set forth in Appendix B and the Tariff.

  • Shipper’s Monthly Revenue Commitment for any Month shall be the product obtained by multiplying the applicable Fixed Toll times the Monthly Volume, subject to any MRC Adjustment described in Part E below.

  • Every Month during the Term of the Contract Shipper shall pay to Carrier on the Payment Due Date, in a manner and in an amount consistent with ARTICLE 6 of the Agreement, the Fixed Tolls and associated Monthly Revenue Commitment, the Variable Tolls and all other charges and adjustments set forth in this Appendix B and in the Tariff.

  • MARC: Minimum Annual Revenue Commitment (“MARC”) is an annual revenue commitment set forth in a Pricing Schedule that Customer agrees to satisfy during each 12-month period of the Pricing Schedule Term.

  • Annual Revenue Commitment (“ARC”): The ARC for the MAS is as follows: ARC Year Year 1 Year 2 Year 3 Year 4 Year 5 ARC Value £8,300,000 £8,300,000 £8,300,000 £8,300,000 £8,300,000 “Contract Year” means a period of 12 months beginning on the Commencement Date and on each anniversary thereof.

  • Discount Levels shall be based on the Annual Revenue Commitment and are provided in Appendix II.

  • Classifications, Practices and Regulations: Early Termination Charges: If Customer terminates the MAS for convenience or Company terminates the MAS for non-payment, Customer shall pay any stranded costs and 75% of Annual Revenue Commitment underperformance charges that become payable in accordance with the Annual Revenue Commitment.


More Definitions of Revenue Commitment

Revenue Commitment is defined in Section 7.1 of the Stock Purchase Agreement.
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Related to Revenue Commitment

  • Volume Commitment means the agreed upon Customer commitment to purchase, and may be described as an Annual Volume Commitment, Total Volume Commitment, Tiered Volume Commitment, or Subminimum Volume Commitment.

  • Total Utilization of Revolving Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of repaying any Refunded Swing Line Loans or reimbursing Issuing Bank for any amount drawn under any Letter of Credit, but not yet so applied), (ii) the aggregate principal amount of all outstanding Swing Line Loans and (iii) the Letter of Credit Usage.

  • Total Revolving Commitment means the sum of the Revolving Commitments of the Lenders as the same may be decreased or increased pursuant to the terms of this Agreement. As of the Closing Date, the amount of the Total Revolving Commitment is $250,000,000.

  • U.S. Commitment means, with respect to each U.S. Revolving Lender, the commitment, if any, of such U.S. Revolving Lender to make U.S. Revolving Loans and to acquire participations in U.S. Letters of Credit, Swingline Loans and U.S. Protective Advances hereunder, expressed as an amount representing the maximum possible aggregate amount of such U.S. Revolving Lender’s U.S. Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section 2.09 and (b) assignments by or to such U.S. Revolving Lender pursuant to Section 9.04. The initial amount of each U.S. Revolving Lender’s U.S. Commitment is set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which such U.S. Revolving Lender shall have assumed its U.S. Commitment, as applicable. The aggregate initial amount of the U.S. Commitments is $800,000,000.

  • Aggregate Revolving Commitment means the aggregate amount of the Revolving Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Revolving Commitment is $200,000,000.

  • Revolving Commitment Amount means, as to any Lender, the Revolving Commitment amount (if any) set forth opposite such Lender’s name on Schedule 1.1 hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Revolving Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement).

  • Available Commitment means a Lender’s Commitment minus:

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Revolving Commitment means, as to each Lender, its obligation to (a) make Revolving Loans to the Borrower pursuant to Section 2.01, (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • L/C Commitment Amount has the meaning given to that term in Section 2.3.(a).

  • Maximum Available Commitment means, subject to the proviso contained in the third sentence of Section 2.02(a), at any time of determination, (a) the Maximum Commitment at such time less (b) the aggregate amount of each Interest Advance outstanding at such time; provided that following a Provider Advance or a Final Advance, the Maximum Available Commitment shall be zero.

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • Unused Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the Aggregate Revolving Facility Exposure at such time.

  • Total Utilization of Revolving Loan Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of reimbursing the applicable Issuing Lender for any amount drawn under any Letter of Credit but not yet so applied) plus (ii) the Letter of Credit Usage.

  • Total Revolving Commitments at any time, the aggregate amount of the Revolving Commitments then in effect.

  • Aggregate Revolving Committed Amount has the meaning provided in Section 2.01(a).

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • Revolving Commitment Increase has the meaning set forth in Section 2.14(a).

  • L/C Commitment $50,000,000.

  • Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.

  • Minimum Commitment means any minimum commitment of time and usage for use of the Services by You during the Term of this Agreement.

  • U.S. Revolving Commitment means the commitment of a Lender to make or otherwise fund any U.S. Revolving Loan and to acquire participations in U.S. Letters of Credit and Swing Line Loans hereunder and “U.S. Revolving Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s U.S. Revolving Commitment, if any, is set forth on Schedule 1.01(c) or in the applicable Assignment Agreement or Joinder Agreement, as applicable, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the U.S. Revolving Commitments as of the Restatement Date is $265,000,000.

  • Revolving Commitment Percentage means, for each Lender, the percentage identified as its Revolving Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6(c).

  • Aggregate Revolving Commitments means, collectively, all Revolving Commitments of all Lenders at any time outstanding.

  • Available Commitments shall refer to the aggregate of the Lenders’ Available Commitments hereunder.