Common use of Customer Termination Clause in Contracts

Customer Termination. (a) Customer may terminate a particular Equipment Term in the event of a material breach by ▇▇▇▇▇’▇ of this Agreement with respect to that Equipment; provided such breach continues for a period of thirty (30) days after ▇▇▇▇▇’▇ receipt of written Notice from Customer specifying the nature of such breach. If such breach is corrected within such Notice period, then such Equipment Term shall continue in full force and effect. (b) If Customer terminates an Equipment Term within the first thirty (30) months of the applicable Equipment Term, other than for material breach by ▇▇▇▇▇’▇, Customer agrees to pay ▇▇▇▇▇'▇, as liquidated damages and not as a penalty, the remaining balance of Fees to be paid by Customer during the remaining portion of the applicable Equipment Term. If Customer terminates an Equipment Term after the first thirty (30) months of the applicable Equipment Term, but before expiration of the applicable Equipment Term, other than for material breach by ▇▇▇▇▇’▇, Customer agrees to pay Brink's, as liquidated damages and not as a penalty, ten percent (10%) of the remaining Fees to be paid by Customer during the remaining portion of the applicable Equipment Term. Customer shall also pay all Equipment removal and return costs and any prior Fees due to Brink’s. Notwithstanding the foregoing, if a Service Location is permanently closed, upon at least thirty (30) days prior written notice and with ▇▇▇▇▇’▇ written consent, Customer may relocate Equipment to a different Customer location. Customer shall pay for the removal, transportation and re-installation of the Equipment. (c) Any termination by Customer in accordance with this Section 8.1 shall have no effect on and shall not terminate any other Equipment Term hereunder nor any other existing agreement between Brink’s and Customer.

Appears in 4 contracts

Sources: Brink’s Complete Service Agreement, Service Agreement, Brink’s Complete Service Agreement

Customer Termination. (a) Customer may terminate a particular Equipment Term in the event of a material breach by ▇▇▇▇▇’▇ of this Agreement with respect to that Equipment; provided such breach continues for a period of thirty (30) days after ▇▇▇▇▇’▇ receipt of written Notice from Customer specifying the nature of such breach. If such breach is corrected within such Notice period, then such Equipment Term shall continue in full force and effect. (b) If Customer terminates an Equipment Term within the first thirty (30) months of the applicable Equipment Term, other than for material breach by ▇▇▇▇▇’▇, Customer agrees to pay ▇▇▇▇▇'▇, as liquidated damages and not as a penalty, the remaining balance of Fees to be paid by Customer during the remaining portion of the applicable Equipment Term. If Customer terminates an Equipment Term after the first thirty (30) months of the applicable Equipment Term, but before expiration of the applicable Equipment Term, other than for material breach by ▇▇▇▇▇’▇, Customer agrees to pay Brink's, as liquidated damages and not as a penalty, ten percent (10%) of the remaining Fees to be paid by Customer during the remaining portion of the applicable Equipment Term. Customer shall also pay all Equipment removal and return costs and any prior Fees due to Brink’s. Notwithstanding the foregoing, if a Service Location is permanently closed, upon at least thirty (30) days prior written notice and with ▇▇▇▇▇’▇ written consent, Customer may relocate Equipment to a different Customer location. Customer shall pay for the removal, transportation and re-installation of the Equipment. (c) Any termination by Customer in accordance with this Section 8.1 9.1 shall have no effect on and shall not terminate any other Equipment Term hereunder nor any other existing agreement between Brink’s ▇▇▇▇▇’▇ and Customer.

Appears in 1 contract

Sources: Complete Service Agreement

Customer Termination. (a) Customer may terminate a particular Equipment Term in the event of a material breach by ▇▇▇▇▇’▇ of this Agreement with respect to that Equipment; provided such breach continues for a period of thirty (30) days after ▇▇▇▇▇’▇ receipt of written Notice from Customer specifying the nature of such breach. If such breach is corrected within such Notice period, then such Equipment Term shall continue in full force and effect. (b) If Customer terminates an Equipment Term within the first thirty (30) months of the applicable Equipment Term, other than for material breach by ▇▇▇▇▇’▇, Customer agrees to pay ▇▇▇▇▇'▇, as liquidated damages and not as a penalty, the remaining balance of Fees to be paid by Customer during the remaining portion of the applicable Equipment Term. If Customer terminates an Equipment Term after the first thirty (30) months of the applicable Equipment Term, but before expiration of the applicable Equipment Term, other than for material breach by ▇▇▇▇▇’▇, Customer agrees to pay Brink's, as liquidated damages and not as a penalty, ten percent (10%) of the remaining Fees to be paid by Customer during the remaining portion of the applicable Equipment Term. Customer shall also pay all Equipment removal and return costs and any prior Fees due to Brink’s. Notwithstanding the foregoing, if a Service Location is permanently closed, upon at least thirty (30) days prior written notice and with ▇▇▇▇▇’▇ written consent, Customer may relocate Equipment to a different Customer location. Customer shall pay for the removal, transportation and re-installation of the Equipment. (c) Any termination by Customer in accordance with this Section 8.1 shall have no effect on and shall not terminate any other Equipment Term hereunder nor any other existing agreement between Brink’s ▇▇▇▇▇’▇ and Customer.

Appears in 1 contract

Sources: Brink’s Complete Service Agreement

Customer Termination. (a) Customer may terminate a particular Equipment Term in the event of a material breach by ▇▇▇▇▇’▇ of this Agreement with respect to that Equipment; provided such breach continues for a period of thirty (30) days after ▇▇▇▇▇’▇ receipt of written Notice from Customer specifying the nature of such breach. If such breach is corrected within such Notice period, then such Equipment Term shall continue in full force and effect. (b) If Customer terminates an Equipment Term within the first thirty (30) months of the applicable Equipment Term, other than for material breach by ▇▇▇▇▇’▇, Customer agrees to pay ▇▇▇▇▇'▇, as liquidated damages and not as a penalty, the remaining balance of Fees to be paid by Customer during the remaining portion of the applicable Equipment Term. If Customer terminates an Equipment Term after the first thirty (30) months of the applicable Equipment Term, but before expiration of the applicable Equipment Term, other than for material breach by ▇▇▇▇▇’▇, Customer agrees to pay Brink's, as liquidated damages and not as a penalty, ten percent (10%) of the remaining Fees to be paid by Customer during the remaining portion of the applicable Equipment Term. Customer shall also pay all Equipment removal and return costs and any prior Fees due to Brink’s. Notwithstanding the foregoing, if a Service Location is permanently closed, upon at least thirty (30) days prior written notice and with ▇▇▇▇▇’▇ written consent, Customer may relocate Equipment to a different Customer location. Customer shall pay for the removal, transportation and re-installation of the Equipment. (c) Any termination by Customer in accordance with this Section 8.1 9.1 shall have no effect on and shall not terminate any other Equipment Term hereunder nor any other existing agreement between Brink’s and Customer.

Appears in 1 contract

Sources: Complete Service Agreement