Common use of Early Termination Fee Clause in Contracts

Early Termination Fee. You understand and agree that in order for XOOM to offer and fulfill its fixed rate obligation to you, it has to purchase electricity in advance of usage in amounts needed to cover the full term of this Agreement. If you cancel this Agreement early, you will be responsible for paying the early termination fee (“Early Termination Fee”) set forth in the Contract Summary, which is intended not as a penalty, but simply to offset the cost of selling the unused portion of your electricity to others and estimated lost revenue that XOOM may incur from such a sale, if any, and related expenses. It will take time for your local utility company to cancel your XOOM account. During that time you agree to pay for the electricity you consume that is supplied by XOOM.

Early Termination Fee. You understand and agree that in order for XOOM to offer and fulfill its fixed rate obligation to you, it has to purchase electricity electric power in advance of usage in amounts needed to cover the full term of this Agreement. If you cancel terminate this Agreement early, you will be responsible for paying the an early termination fee (“Early Termination Fee”) set forth in the Contract Summary, of $199 which is intended not as a penalty, but simply to offset the cost of selling the unused portion of your electricity to others and estimated lost revenue that XOOM may incur from such a sale, if any, and related expenses. It will take time for your local utility company Local Utility to cancel your XOOM account. During that time you agree to pay for the electricity you consume that is supplied by XOOM.

Early Termination Fee. You understand and agree that in order for XOOM to offer and fulfill its fixed rate obligation to you, it has to purchase electricity electric power in advance of usage in amounts needed to cover the full term of this Agreement. If you cancel terminate this Agreement early, you will be responsible for paying the an early termination fee (“Early Termination Fee”) set forth in the Contract Summary, of $110 which is intended not as a penalty, but simply to offset the cost of selling the unused portion of your electricity to others and estimated lost revenue that XOOM may incur from such a sale, if any, and related expenses. It will take time for your local utility company Local Utility to cancel your XOOM account. During that time you agree to pay for the electricity you consume that is supplied by XOOM.