Early Termination Charge definition

Early Termination Charge means, with respect to any 2014-A Lease that is terminated prior to its Maturity Date, an amount equal to the lesser of (a) the present value (discounted at the implicit rate of such 2014-A Lease) of all remaining Monthly Payments and (b) the excess, if any, of the adjusted 2014-A Lease balance over the related 2014-A Vehicle’s fair market wholesale value in accordance with accepted practices in the automobile industry (or by written agreement between the Servicer, on behalf of the Titling Trust, and the Lessee).

Early Termination Charge means the charge we may make if any of the circumstances in provision 12 (Ending the Agreement) occurs and we choose to terminate the Agreement on a date before the Earliest Termination Date, which we will calculate in accordance with Schedule A;

Early Termination Charge means the charge payable by the End-User for the termination of the contract before the end of the minimum contract period;

Examples of Early Termination Charge in a sentence

• If we advise you that we are cancelling your Service in accordance with Clause 15.5, you will not be liable to pay a disconnection fee or Early Termination Charge, but will be liable to pay all other Charges incurred up to the time we cancel your Service.

• If we cancel or terminate a Service because of your breach of this Agreement and your Application or Service Contract records that you have agreed to receive the Service from us for a Fixed Term and the cancellation or termination is before the expiry of the Fixed Term, you will be liable to pay an Early Termination Charge.

• However, if your Application or Service Contract records that you have agreed to receive the Service from us for a Fixed Term and you cancel the Service before the expiry of the Fixed Term, you will be liable to pay an Early Termination Charge.

• Without limiting any of our rights under the Agreement or at Law, if we cancel or suspend the Service for any of the reasons listed in Clause 15.4, you will be liable to pay a disconnection fee, any applicable Early Termination Charge and, if we agree to reconnect the Service, a reconnection fee in addition to your liability to pay all other Charges incurred up to the time of cancellation of the Service.

More Definitions of Early Termination Charge

Early Termination Charge means any early termination or downgrade charges for a Service set out or referred to in the Service Schedule or Service Order Form. Effective Date means the earlier of:

Early Termination Charge means the charge imposed for terminating the Agreement prior to expiration of the Term as provided in Paragraph 5 thereof.

Early Termination Charge means the Remaining Payments Charge, plus the Contract Residual Value set forth in the Closed-End Lease, minus the unearned portion of the Lease Charge set forth in the Closed-End Lease, minus the realized value of the Closed-End Vehicle as determined by the estimated or appraised wholesale value of the Closed-End Vehicle or by the amount the Servicer receives upon disposition of the Closed-End Vehicle at wholesale.

Early Termination Charge means in respect of any Lease, Loan or MTC, at the date of termination, the total of:

Early Termination Charge means, with respect to any 2003-A Lease that is terminated prior to its Maturity Date, an amount equal to the lesser of (i) the difference, if any, between (a) the sum of (1) the present value of all remaining Monthly Payments and (2) the Contract Residual of the related 2003-A Vehicle and (b) a wholesale value assigned to such 2003-A Vehicle by the Servicer in accordance with accepted practices in the automobile industry (or by written agreement between the Servicer, on behalf of the Titling Trust, and the Lessee) and (ii) the remaining Monthly Payments.

Early Termination Charge means the Early Termination Charge set out in the Service Schedule;

Early Termination Charge means, with respect to any 20[•]-[•] Lease that is terminated prior to its Maturity Date, an amount equal to the lesser of (a) the present value (discounted at the implicit rate of such 20[•]-[•] Lease) of all remaining Monthly Payments and (b) the excess, if any, of the adjusted 201[•]-[•] Lease balance over the related 20[•]-[•] Vehicle’s fair market wholesale value in accordance with accepted practices in the automobile industry (or by written agreement between the Servicer, on behalf of the Titling Company, and the Lessee).