Examples of Underutilization Charges in a sentence
Underutilization Charges: If at the end of any year of the term of service, a customer fails to satisfy its annual volume commitment, the customer must pay the difference between the customer's actual Qualifying Volume in that year and the annual volume commitment.
Any waiver of Underutilization Charges resulting from application of this section will require an amendment.
Commencing on the 15th Amendment Effective Date, the Customer’s Underutilization Charges are as follows: If the Customer’s Total Service Charges do not meet the AVC in any given Contract Year, Company will calculate the qualified revenues from the VBS Agreement between Vanco and Company (“the Vanco Agreement”), at such time the Vanco Agreement is fully executed, and then add the Total Service Charges under the Agreement.
During the Ramp Down Period, the terms and conditions of the Agreement will apply except that the TVC will not apply; provided, however that any charges paid by Customer during the Exit Phase shall be applied in satisfaction against any Underutilization Charges.
Classifications, Practices and Regulations: Underutilization Charges: If, in any Contract Year during the Initial Term, Customer’s Total Service Charges do not meet or exceed the AVC, then Customer shall pay: (a) all accrued but unpaid charges incurred under this Agreement; and (b) an “Underutilization Charge” in an amount equal to 25% of the difference between the AVC and the Customer’s Total Service Charges during that Contact Year.
Should Customer fail to meet the Subminimum in any given month, Company reserves the right to charge Customer Underutilization Charges in accordance with below, which Customer agrees to pay.
Pursuant to the Business Downturn clause of the Agreement, Company will waive the Underutilization Charges which have accrued but are as of yet unpaid under the Agreement as of the 1St Amendment Effective Date.
OC-12 SmartRing Monthly Underutilization Charges: If in any monthly period, Customer’s Total Service Charges for OC-12 SmartRing Service do not meet or exceed the OC-12 SmartRing Minimum MRC, then Customer musts pay: (i) all accrued but unpaid charges incurred under the Service Attachment; and (ii) an “Underutilization Charge” in an amount equal to 100% of the difference between Customer’s Total Service Charges for OC-12 SmartRing Service and the monthly recurring charge during such monthly period.
We observe a similar pattern where field days are more likely to induce BPL households to purchase a single package of seeds.
Following the establishment by MCI of a revised AVC as set forth herein, the revised AVC shall replace the AVC throughout this Agreement and Customer shall remain liable for charges pursuant to this Agreement, including without limitation, Underutilization Charges and Early Termination Charges, based on the revised AVC.