Common use of Exit Charge Clause in Contracts

Exit Charge. If in accordance with clause 6.1 we arrange a smart meter upgrade for you after having agreed with you that we will waive the applicable smart meter upgrade charge, and then at any time before the end of the minimum term the agreement is terminated by you under clause 10.1 or 10.2, automatically under clause 10.3(b) or 10.3(d) or by us under clause 10.4, we may impose an exit charge the amount of which is to be determined as follows:  X − Y  * Z     where:‌ X is the number of days in the minimum term; Y is the number of days from and including the day on which the minimum term starts to and including the day on which the agreement is terminated; and Z is the amount of the waived smart meter upgrade charge.‌

Exit Charge. If in accordance with clause 6.1 we arrange a smart meter upgrade for you after having agreed with you that we will waive the applicable smart meter upgrade charge, and then at any time before the end of the minimum term the agreement is terminated by you under clause 10.1 or 10.2, automatically under clause 10.3(b) or 10.3(d) or by us under clause 10.4, we may impose an exit charge the amount of which is to be determined as follows:  { X − – Y  ⎞* Z     where:‌ | | ⎝ ⎠ where: X is the number of days in the minimum term; Y is the number of days from and including the day on which the minimum term starts to and including the day on which the agreement is terminated; and Z is the amount of the waived smart meter upgrade charge.‌charge.