Common use of Cancellation prior to Customer Execute Date Clause in Contracts

Cancellation prior to Customer Execute Date. If an Order for an Ethernet VPN Circuit is cancelled before the Customer Execute Date, the Supplier reserves the right to make a Cancellation Charge to cover all reasonable costs incurred by the Supplier as a result of such cancellation or modification, in accordance with the following formula, as a percentage of the Installation Charge plus eighty per cent (80%) of the Rental which would have been due and payable in the first year of the Contract had it not been cancelled: Number of Working Days between Order acceptance date and the earlier of: (a) Order cancellation date; or

Cancellation prior to Customer Execute Date. If an Order for an Ethernet VPN Circuit is cancelled before the Customer Execute Date, the Supplier reserves the right to make a Cancellation Charge to cover all reasonable costs incurred by the Supplier as a result of such cancellation or modification, in accordance with the following formula, as a percentage of the Installation Charge plus eighty per cent (80%) of the Rental which would have been due and payable in the first year of the Contract had it not been cancelled: Number of Working Days between Order acceptance date and the earlier of: (a) Order cancellation date; or: