Volume definition
Examples of Volume in a sentence
If the Agreement does not identify a Tiered Volume Commitment or number of Contract Years/Volume Commitment Period, then the applicable number is zero.
Upon expiration of a Volume Commitment Period, the relevant Agreement is automatically extended on a month-to-month basis until either Party terminates it upon 60 days written notice.
If, in any Contract Year, Customer's Eligible Charges are less than the Tiered Volume Commitment, then Customer will pay: (a) all accrued but unpaid charges incurred by Customer; and (b) an underutilization charge (which Customer hereby agrees is reasonable) equal to 75% of the difference between Customer's Eligible Charges during such Contract Year and the Tiered Volume Commitment.
Pursuant to the clause entitled “Consequences of Termination” and unless otherwise specified in the Agreement or a Contract, if the Agreement terminated contains a Volume Commitment(s) the Early Termination Charge will be equal to 75% of the remaining aggregate of the Volume Commitments (and a pro rata portion for any partial Contract Year), plus any amounts due under the sub-clause entitled “Services Termination”.
Customer agrees to pay Verizon the amount of Eligible Charges in each Contract Year that is no less than the Tiered Volume Commitment identified in the Agreement, for the number of Contract Years/Volume Commitment Period identified in that Agreement.