Common use of Early Termination Liability Clause in Contracts

Early Termination Liability. You may terminate this Lease at any time after you sign it on 15 days prior notice to us. We may terminate it as permitted in paragraph 19 if this lease is in default or if certain conditions exist as discussed in paragraph 18. If you do not purchase the Vehicle as provided in paragraph 13 and except as provided in paragraph 18, the amount you owe us upon early termination will be the sum of the following: (a) a disposition charge of $0.00; plus (b) any past due monthly payments and any other amounts caused by your failure to perform your Lease obligations, including the amount that may be due under paragraph 11; plus (c) where the Lease Balance Amount calculated under paragraph 12 is greater than the Vehicle’s Realized Value, the difference; plus (d) any official fees and taxes imposed in connection with Lease termination (for example, sales or use taxes due on a deficiency under “c” above).

Early Termination Liability. You may terminate this Lease at any time after you sign it on 15 days days’ prior notice to us. We may terminate it as permitted in paragraph 19 if this lease is in default or if certain conditions exist as discussed in paragraph 18. If you do not purchase the Vehicle as provided in paragraph 13 and except as provided in paragraph 18, the amount you owe us upon early termination will be the sum of the followingfollowing : (a) a disposition charge of $0.00; plus (b) any past due monthly payments and any other amounts caused by your failure to perform your Lease obligations, including the amount that may be due under paragraph 11; plus (c) where the Lease Balance Amount calculated under paragraph 12 is greater than the Vehicle’s Realized Value, the difference; plus (d) any official fees and taxes imposed in connection with Lease termination (for example, sales or use taxes due on a deficiency under “c” above). Please note that some or all of these charges may become due after termination of the LEASE.