Common use of Early Termination Charges Clause in Contracts

Early Termination Charges. B-48 If this Agreement is terminated prior to its End Date pursuant to Clauses B-41, A-43(a) or A- 43(c), the Customer shall pay to the Company an Early Termination Charge equivalent to 50% x Average Daily Bill Amount x Unexpired Term (“Termination Sum”) with respect to this Agreement. B-49 In the event Electricity is supplied to several premises belonging to the Business Customer, the Company agrees that although the supply of Electricity to the Business Customer’s premises shall constitute one single agreement, the Company agrees that the termination of electricity supply to one or more of the Business Customer’s premises pursuant to Clause B-41 shall not constitute a termination of this Agreement, subject always to the requirement for payment of the Termination Sum in respect of the premises where the supply of the electricity has ceased. Third Party Rights

Appears in 8 contracts

Samples: www.sembcorppower.com, www.sembcorppower.com, www.sembcorppower.com

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Early Termination Charges. B-48 B-47 If this Agreement is terminated prior to its End Date pursuant to Clauses B-41B-40, A-43(a) or A- 43(c), the Customer shall pay to the Company an Early Termination Charge equivalent to 50% x Average Daily Bill Amount x Unexpired Term (“Termination Sum”) with respect to this Agreement. B-49 B-48 In the event Electricity is supplied to several premises belonging to the Business Customer, the Company agrees that although the supply of Electricity to the Business Customer’s premises shall constitute one single agreement, the Company agrees that the termination of electricity supply to one or more of the Business Customer’s premises pursuant to Clause B-41 B-40 shall not constitute a termination of this Agreement, subject always to the requirement for payment of the Termination Sum in respect of the premises where the supply of the electricity has ceased. Third Party Rights

Appears in 2 contracts

Samples: www.sembcorppower.com, www.sembcorppower.com

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Early Termination Charges. B-48 If this Agreement is terminated prior to its End Date pursuant to Clauses Clause B-41, A-43(aB-43(a) or A- B- 43(c), the Business Customer shall pay to the Company an Early Termination Charge early termination charge equivalent to 50% x Average Daily Bill Amount x Unexpired Term (“Termination Sum”) with respect to this Agreement. B-49 In the event Electricity is supplied to several premises belonging to the Business Customer, the Company agrees Parties agree that although the supply of Electricity to the Business Customer’s premises shall constitute one single agreement, the Company agrees that the termination of electricity Electricity supply to one or more of the Business Customer’s premises pursuant to Clause B-41 shall not constitute a termination of this Agreement, subject always to the requirement for payment of the Termination Sum in respect of the premises where the supply of the electricity Electricity has ceased. Third Party Rights.

Appears in 1 contract

Samples: www.sembcorppower.com

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