Early Termination Penalty Clause Samples
An Early Termination Penalty clause establishes a financial consequence for a party that ends a contract before its agreed-upon expiration date. Typically, this penalty may be a fixed fee, a percentage of the remaining contract value, or reimbursement of certain costs incurred by the non-terminating party. The core function of this clause is to deter premature termination and compensate the affected party for losses or inconveniences resulting from the early end of the agreement.
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Early Termination Penalty. Initial: If Customer terminates Service Agreement prior to the end of the Commitment Term stated herein (“Early Termination”), Customer shall be charged penalty and agrees to pay Two-Hundred Forty Dollars ($240) (“Early Termination Penalty”). Early Termination Penalty will decrease by $10 per month until Contract Term is completed. This Service Agreement is binding for the bundles/services listed on this form. If Customer changes to another Bundle, a new Service Agreement will be required. Continuation: Upon expiration of the Commitment Term of this Service Agreement, provided Customer maintains continuous service with ETC, Customer shall remain enrolled in this Service Agreement on a monthly basis at ETC’s current monthly rate(s) for such services.
Early Termination Penalty. The Participant many cancel services at any time, as noted in 4.3 however, any payments made to Licensor for services not yet rendered will be relinquished and converted to the Early Termination Penalty fee and held by Licensor. No refunds for pre-paid, unused services will be made. If Participant chooses to resume subscription services during the original period for which prepayment was made, the Licensor may, at its sole discretion, provide credit for remaining months within the subscription period provided there is time remaining within the period.
Early Termination Penalty. Unless otherwise agreed or unless there has been an event of default by the Dealer, this Agreement may only be terminated early at the discretion of the Dealer. Where the Client wishes to terminate a Transaction early or requests the Dealer to repurchase the Repurchased Securities prior to the Repurchase Date, then:
(i) The Client shall give the Dealer a minimum of one business days’ notice of the intention to terminate the Transaction;
(ii) The Client acknowledges and agrees that the Early Termination Date shall be the date agreed by the Dealer and the Client that early termination shall be effective;
(iii) If the Dealer elects to repurchase Underlying Securities prior to the Repurchase Date, the price offered by the Dealer will generally be the original Purchase Price for the Underlying Securities plus the Dealer’s Interest Rate for securities pro-rated to the early repurchase date plus the sum of (i) the Dealer’s Early Termination Penalty and (ii) an administrative fee (plus General Consumption Tax thereon) fixed from time to time by the Dealer. The Client acknowledges that the Early Termination Penalty is a reasonable pre-estimate of the Dealer’s loss in respect of loss of bargain and costs and expenses arising out of premature termination of the Transaction
(iv) On the Repurchase Date or the Early Termination Date, the Client agrees to the transfer by the Trustee by way of entries in the CSD, the Repurchased Securities to the Dealer’s CSD Account and the Dealer shall transfer the Repurchase Price (less any amount then payable and unpaid by the Client to the Dealer) to the Client, in accordance with such payment instructions as the Client may instruct.
Early Termination Penalty. Termination prior to December 31,2023: 100% of the Renewal Credit Termination prior to December 31,2024: 75% of the Renewal Credit Termination prior to December 31,2025: 50% of the Renewal Credit
Early Termination Penalty. In the event that this Agreement and the Operational Agreements are early terminated by CustomerPalo Alto in accordance with Section 5.2, CustomerPalo Alto shall pay to ENA the ENA Termination Expenses.
Early Termination Penalty. 100% of Contract during 1st year, 75% during 2nd year & 50% during subsequent years.
Early Termination Penalty. Sellers have no Contract which would require any consent or approval of a counterparty in connection with the execution, delivery and performance of this Agreement and the other documents and instruments contemplated hereby, including as a result of the consummation of the transactions contemplated by this Agreement and pursuant to which Sellers may be obligated to pay early termination payments in excess of $25,000.
Early Termination Penalty. (a) In the event that the Customer wishes to return the Equipment (and cease rental of the Equipment prior to the end of the Initial Term) then the Customer may request that the Owner agree to termination prior to the end of the Initial Term.
(b) Any request made by the Customer under clause 11.3(a) may be:
(1) accepted;
(2) accepted subject to conditions; or
(3) rejected, by the Owner in its absolute discretion. If the Owner chooses to accept the Customer’s request subject to conditions, it is expressly agreed that one such condition may be that the Owner may require the Customer to pay on the date of termination an amount calculated as the total Rental Fees which would have otherwise been paid had the agreement continued for the remainder of the Initial Term.
Early Termination Penalty. Should the Agreement be terminated prior to the end of the Subscription Term, a penalty charge equal to the lower of 18 months Server Management Fees or the remaining monthly Server Management Fees due to the end of the Subscription term shall be applied. Invoices will be raised monthly in arrears for all Management Fees and Usage Fees incurred during the previous month.
Early Termination Penalty a. Should Client disconnect or otherwise terminate contracted services with NCC prior to the end of the applicable Initial Term or its Renewal Term, customer acknowledges and agrees to pay an early termination fee for the remainder of the contract term.
b. The Early Termination Penalty will be calculated by taking the Clients average monthly invoice amount (to be provided by NCC’s data reports) and multiplying that amount by the remaining number of months in the term, starting with the 1st of the month in which Client stops utilizing NCC’s contracted services and ending with the contract term expiration date. This amount will be used to determine the Early Termination Fee.
c. The Early Termination Fee shall not be less than Two Hundred and Fifty Dollars ($250.00).
d. The termination fee amount DOES NOT include payment for any outstanding invoices for services already rendered, and that amount, as well as the amount for the next month’s invoice (should termination date fall during the middle of a billing cycle) is due separately and Client agrees to pay for those services already rendered.