Common use of Early Termination Fees Clause in Contracts

Early Termination Fees. TMS may charge School a fee for terminating this Agreement without cause prior to the end of the Term (an “Early Termination Fee”). The Early Termination Fee shall equal the number of full years plus full twelfths remaining in the Initial Term, or Renewal Term, as applicable, (b) multiplied by the aggregate dollar amount of fees incurred by School under Section V.A of this Agreement during the three (c) months of the Initial Term or Renewal Term, as applicable, that School incurred the greatest dollar amount of such fees.

Appears in 10 contracts

Samples: Student Refund Management Services Agreement, Student Refund Management Services Agreement, Student Refund Management Services Agreement

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