Common use of Early Termination Liability Clause in Contracts

Early Termination Liability. In the event Services are terminated by Customer prior to completion of the Service Term, Customer shall pay KsFiberNet an early termination fee equal to one hundred percent (100%) of the Monthly Recurring Charge (MRC) due for months one through twelve (1- 12), and fifty percent (50%) of the MRC due for months thirteen through thirty-six (13- 36) and twenty-five percent (25%) of the MRC due through the end of the affected Service's Service Term and any unpaid installation fees or Non-Recurring Charge (NRC), plus any costs and expenses incurred by KsFiberNet to terminate the Service. Early Termination Liability applies unless Customer signs a new Service Order within thirty (30) days of the Termination with a higher MRC for similar Services and a new initial term of at least thirty-six (36) months.