Refunds Upon Termination Clause Samples

Refunds Upon Termination. Upon termination, the Provider will issue a prorated refund to the Customer for prepaid but unused fees for a period measured from (i) in the case of termination for breach, the date of the breach notice or (ii) (when explicitly provided for herein) in the case of termination for convenience, the date of termination.

Refunds Upon Termination. In the event of termination of the Agreement by Licensee or ▇▇▇▇▇▇▇ Mac at any time when Licensee is not in default hereunder, ▇▇▇▇▇▇▇ Mac will refund to Licensee a portion of License Fees paid by Licensee to ▇▇▇▇▇▇▇ Mac in advance; the amount refunded will be calculated by converting the annual payment rate to a monthly payment rate, rounding to the next whole month and refunding the remaining prepaid fees. For example, for a License Fee paid in advance at the rate of $60,000 for one year and terminated in the middle of the second month, ▇▇▇▇▇▇▇ Mac will convert the annual rate to a monthly rate of $5,500 per month (the monthly rate specified on the Cover Page and the Distribution Declaration) for three months and refund the remaining $43,500.

Refunds Upon Termination. If iHeartMedia terminates this Agreement pursuant to Section 5.2 or Customer terminates this Agreement pursuant to Section 5.3, then, in either case, iHeartMedia shall refund Customer any prepaid fees covering the remainder of the term of the Agreement after the effective date of termination. Upon any termination for cause by iHeartMedia, Customer shall immediately pay iHeartMedia an amount equal to any fees for the remainder of the term of the Agreement after the effective date of termination. In no event shall any termination relieve Customer of the obligation to pay any fees payable to iHeartMedia for the period prior to the effective date of termination.

Refunds Upon Termination. Upon termination of this Agreement, any refund of the Entrance Fee shall be determined under Article 7 below.

Refunds Upon Termination. A Seller who terminates his or her business relationship with the Company has the right to return for repurchase on commercially reasonable terms currently marketable inventory, including product, Company-produced promotional materials, sales aids and kits in possession of the Seller purchased by the Seller for resale within 12 months of the date of termination. For purposes hereof, “reasonable commercial terms” shall mean the repurchase of currently marketable inventory within 12 months from the Seller’s date of purchase at not less than 90% of the Seller’s original net cost less appropriate set-offs and legal claims, if any. In addition, for purposes of this section, products shall not be considered “currently marketable” if returned for repurchase after the product’s or sales aids’ commercially reasonable usable or shelf life period has passed; nor shall products or sales aids be considered “currently marketable” if the Company clearly discloses to the Seller prior to purchase that the products or sales aids are seasonal, discontinued, or special promotions and are not subject to the repurchase obligation. The cost of the Company’s training certification is not refundable after a Seller has been certified.

Refunds Upon Termination. In the event of termination of the Agreement by Distributor or ▇▇▇▇▇▇▇ Mac, ▇▇▇▇▇▇▇ Mac will refund to Distributor a portion of License Fees paid in advance; the amount refunded will be calculated by converting the annual payment rate to a monthly payment rate, rounding to the next whole month and refunding the remaining prepaid fees. For example, for a License Fee paid in advance at the rate of $60,000 for one year and terminated in the middle of the second month, ▇▇▇▇▇▇▇ Mac will convert the annual rate to a monthly rate of $5,500 per month (the monthly rate specified on the Cover Page and the Distribution Declaration) for three months and refund the remaining $43,500. No refunds will be made for License Fees paid monthly.

Refunds Upon Termination. Upon termination of this Agreement for any reason, you are not entitled to refund of any installation, activation, and set‐up fees paid at the initiation of your Service or at any other point in Service; however, Buckeye will refund the prorated unused portion of any monthly service fees and charges. If the pro-rated unused portion is less than $5.00 Buckeye will make the refund on your request.