Total Volume Commitment definition

Total Volume Commitment or “TVC” means the total Eligible Charges which Customer must pay during the Volume Commitment Period to which Customer has committed under the Agreement.
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Total Volume Commitment means [*.*] gallons.
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Total Volume Commitment or “TVC” means the total Contributing Charges or Eligible Charges, whichever is applicable, which Customer must pay during the Volume Commitment Period to which Customer has committed under the applicable Agreement.
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Examples of Total Volume Commitment in a sentence

  • Commencing on the 2nd Amendment Effective Date, Customer’s AVC requirement (set forth above) is replaced with a TVC requirement (set forth below): Total Volume Commitment: Commencing on the expiration of the Ramp Period and through the remainder of the Initial Term of the Agreement, Customer’s Total Service Charges must equal or exceed $5,000,000 (“TVC”).

  • Total Volume Commitment (“TVC”): The Customer agrees to pay the Company no less than $7,000,000 in Total Service Charges during the Term.

  • Minimum Total Volume Commitment: Customer agrees to pay Company no less than $4,200,000 in Total Service Charges during the Term (“TVC”).

  • Total Volume Commitment (“TVC”): $2,800,000 in Total Service Charges (“AVC”) during the Initial Term.

  • Total Volume Commitment (“TVC”): Customer agrees that Customer Group will pay Supplier a minimum revenue amount of Charges under the Agreement during the Initial Term of $2,400,000 during the Initial Term.

  • If during the Volume Commitment Period, Customer's Eligible Charges do not meet the Total Volume Commitment , then Customer shall m ,pay: (a) all accrued but unpaid charges incurred under this Agreement; and (b) an "Underutilization Charge" in an amount equal to 50% of the difference between the Total Volume Commitment and Customer's Eligible Charges during Volume Commitment Period .

  • Total Volume Commitment (“TVC”): Customer agrees to pay Company no less than $950,000 in Total Service Charges during the Initial Term.

  • Total Volume Commitment (“TVC”): Commencing on the Second Amendment Effective Date and through the remainder of the Agreement, Customer’s Total Service Charges must equal or exceed $1,200,000.

  • Minimum Total Volume Commitment (“TVC”): The Customer agrees to pay Company no less than $6,200,000 in Total Service Charges during the Term.

  • If applicable, Customer agrees to pay Verizon the amount of Eligible Charges during Volume Commitment Period that is no less than the Total Volume Commitment or TVC identified in its Agreement.


More Definitions of Total Volume Commitment

Total Volume Commitment or “TVC” means the total Contributing Charges or Eligible Charges, whichever is applicable, which Customer must pay under the applicable Agreement.
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Total Volume Commitment. Commencing on the 36th Amendment Effective Date, Customer agrees to pay Company no less than $45,000,000.00 in Total Service Charges during the Term, which is the term volume commitment (“TVC").
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Related to Total Volume 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.

  • Committed Volume means, with respect to a Committed Shipper, the minimum daily volume of Crude Petroleum set out in Schedule A to the Committed Shipper’s TSA.

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

  • Daily Contract Quantity or “DCQ” means the quantity of Gas as set out in Clause 4.1 herein.

  • Contract Quantity means the quantity of Gas to be delivered and taken as agreed to by the parties in a transaction.

  • Maximum Daily Quantity means the daily volume of Gas or Liquids, expressed in 103m3, identified in a Shipper's Interruptible Transportation Service Agreement that Transporter agrees to receive from Shipper under Toll Schedule Interruptible Full Path Service, Toll Schedule Interruptible Receipt Service or Toll Schedule Interruptible Delivery Service, as applicable.

  • Real-Time Commitment means NYISO’s multi-period security constrained unit commitment and dispatch model, as defined in the NYISO Tariffs.

  • Daily Quantity means the quantity of waste discharged during an operating day.

  • Type B quantity means a quantity of radioactive material greater than a Type A quantity.

  • Type A quantity means a quantity of radioactive material, the aggregate radioactivity of which does not exceed A1 for special form radioactive material or A2 for normal form radio- active material, where A1 and A2 are given in Appendix O or may be determined by procedures described in Appendix O.

  • Gross Standard Volume as herein used means volume corrected to a temperature of sixty degrees (60°) Fahrenheit, in accordance with the latest API/ASTM measurement standards, and at equilibrium vapor pressure.

  • Maximum Commitment Amount means Five Million Dollars ($5,000,000.00).

  • 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.

  • Base Capacity Demand Resource Price Decrement means, for the 2018/2019 and 2019/2020 Delivery Years, a difference between the clearing price for Base Capacity Demand Resources and Base Capacity Energy Efficiency Resources and the clearing price for Base Capacity Resources and Capacity Performance Resources, representing the cost to procure additional Base Capacity Resources or Capacity Performance Resources out of merit order when the Base Capacity Demand Resource Constraint is binding.

  • Monthly Volume means the product of the Committed Volume multiplied by the number of days in the relevant month.

  • Monthly Uptime Percentage means total number of minutes in a calendar month minus the number of minutes of Downtime suffered in a calendar month, divided by the total number of minutes in a calendar month.

  • Maximum Commitment means initially the amount specified in item 4 on Schedule A, as such amount may be reduced from time to time in accordance with Section 2.04(a).

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • MDQ means the total maximum MMBtu which Company shall be obligated to receive or deliver on a firm basis on any given day on behalf of customer.

  • Minimum Order Quantity means the minimum number of batches of a Product to be produced during the same cycle of manufacturing as set forth in a Product Agreement on Schedule B;

  • Minimum Level (ML means the concentration at which the entire analytical system must give a recognizable signal and an acceptable calibration point. The ML is the concentration in a sample that is equivalent to the concentration of the lowest calibration standard analyzed by a specific analytical procedure, assuming that all the method-specified sample weights, volumes and processing steps have been followed.

  • Uptime Percentage means Uptime expressed as a percentage, calculated in accordance with the following formula:

  • Base Capacity Resource Price Decrement means, for the 2018/2019 and 2019/2020 Delivery Years, a difference between the clearing price for Base Capacity Resources and the clearing price for Capacity Performance Resources, representing the cost to procure additional Capacity Performance Resources out of merit order when the Base Capacity Resource Constraint is binding.

  • Service Volume means a measure of Services for which a Performance Target is set.

  • Commitment Utilization Percentage means on any day the percentage equivalent to a fraction (a) the numerator of which is the aggregate outstanding principal amount of Revolving Credit Loans, including the aggregate outstanding principal amount of Letters of Credit, Swingline Loans and Competitive Loans, and (b) the denominator of which is the Total Commitment (or, on any day after termination of the Commitments, the Total Commitment in effect immediately preceding such termination).

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.14(C)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.