Early Termination Penalty definition

Early Termination Penalty shall have the meaning set forth in Section 2.5 of this Agreement.
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Early Termination Penalty means the agreed liquidated damages payable by Customer to Company as a result of terminating this General Terms during the Term but before the expiry of the Contract Period.
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Early Termination Penalty means the portion of the Assumed Value to be paid by Licensor to Licensee, and is calculated by multiplying the Assumed Value by the quotient of the number of months remaining in the Term after termination divided by 120.
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Examples of Early Termination Penalty in a sentence

  • Except as set forth for New Service (a/k/a “Move-In”) requests in which Customer requests service as soon as possible outside the parameters of the normal ERCOT switch process, Customer has the right to terminate this Agreement without any Early Termination Penalty within three federal (3) business days after receipt of this Terms of Service.

  • For Fixed Rate Plan Customers: disconnection could be deemed an early termination of Customer’s contractual obligations triggering an Early Termination Penalty.

  • If Customer is responsible for an Event of Default and fails to cure within ten (10) days of written notice (such additional cure period does not apply to default for non-payment), in addition to its other remedies, Gexa may (i) terminate this Agreement; and (ii) charge Customer the Customer Early Termination Penalty pursuant to Section 5 of this Agreement.

  • Unless otherwise agreed in the Master Merchant Onboarding Form, in the event you shall unilaterally terminate this Agreement prior to expiry of the Minimum Subscription Period, you agree that you shall be liable to pay us the Early Termination Penalty at the rate specified in the Master Merchant Onboarding Form.

  • Fee Waiver Early Termination Penalty: • Termination prior to 1/1/2019 = 100% of fees waived • Termination prior to 1/1/2020 = 50% of fees waived • Termination prior to 1/1/2021 = 25% of fees waived 2Packaged Savings Program The Packaged Savings Program is a $2.00 per-employee per-month (PEPM) credit to the Dental and Vision service fees based upon the medical administration and the Dental and Vision line of specialty coverage Customer has with United.

  • Early Termination Penalty will decrease by $10 per month until Contract Term is completed.

  • Early Termination Penalty: Unamortized TI’s and Tenant Broker Commissions to be defined.

  • Customer shall only pay the greater of the Early Termination Penalty and the 2021 Payment Assessment or 2022 Payment Adjustment, whichever may be applicable.

  • 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.

  • If Customer is switching to Stream from another REP, Customer has the right to terminate this Agreement without any Early Termination Penalty within three (3) federal business days after receipt of this Terms of Service.


More Definitions of Early Termination Penalty

Early Termination Penalty means the fees charges to the customer for terminating the Agreement early before its expiry time. The fees are detailed as attached to this Agreement;
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Early Termination Penalty means the portion of the Assumed Value to be paid by Licensor to Licensee, and is calculated by multiplying the Assumed Value by the quotient of the number of months remaining in the Term after termination divided by 120. “Information Security Program” means Licensor’s program or programs to: (a) ensure the security and confidentiality of Confidential Information to which Licensor has access; (b) protect against any anticipated threats or hazards to the security or integrity of the Confidential Information; and (c) protect against unauthorized access to or use of Confidential Information that could result in substantial harm or inconvenience to Licensee or any Customer. Such Information Security Program shall include maintenance of a comprehensive written Information Security Program and computer system security requirements sufficient to comply with the Privacy and Data Security Requirements and protect all Confidential Information. “Intellectual Property Rights” means (i) copyrights and other rights associated with works of authorship; (ii) trademark and trade name rights and similar rights; (iii) trade secret rights; (iv) patents, designs, algorithms, utility models, and other industrial property rights, and all improvements thereto; and (v) all registrations, applications, renewals, extensions, continuations, divisions, or reissues thereof now or hereafter in force. “Interagency Guidelines” means the Interagency Guidelines Establishing Standards For Safeguarding Customer Information published on February 1, 2001, as the same may be amended from time to time. “Privacy and Data Security Requirements” means the obligations imposed by: (a) Title V of the Xxxxx-Xxxxx-Xxxxxx Act, 15 U.S.C. §§ 6801 et seq.; (b) the applicable federal regulations implementing such act; (c) the Interagency Guidelines; and (d) all other applicable international, federal, state and local laws, rules, regulations, and orders relating to the privacy and security of Customer Information, including the federal Fair Credit Reporting Act, 15 U.S.C. §§ 1681 et seq.; the California Consumer Privacy Act, CAL. CIV. CODE § 1798.100, et seq.; the NY SHIELD Act, N.Y. GEN.
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Related to Early Termination Penalty

  • Early Termination means the Termination of Employment before Normal Retirement Age for reasons other than death, Disability, Termination for Cause or following a Change of Control.

  • Early Termination Date means the date determined in accordance with Section 6(a) or 6(b)(iv).

  • Early Termination Payment is defined in Section 4.3(b) of this Agreement.

  • Automatic Early Termination provision of Section 6(a) will not apply to Party A and will not apply to Party B.

  • Early Termination Rate means the lesser of (i) 6.5% per annum, compounded annually, and (ii) LIBOR plus 100 basis points.

  • Early Termination Charge means, with respect to any 2016-B Lease that is terminated prior to its Maturity Date, an amount equal to the lesser of (a) the present value (discounted at the implicit rate of such 2016-B Lease) of all remaining Monthly Payments and (b) the excess, if any, of the adjusted 2016-B Lease balance over the related 2016-B Vehicle’s fair market wholesale value in accordance with accepted practices in the automobile industry (or by written agreement between the Servicer, on behalf of the Titling Trust, and the Lessee).

  • Early Termination Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, these Conditions or the relevant Final Terms;

  • Early Termination Fee has the meaning set forth in Section 7.2.

  • Early Termination Event has the meaning specified in Section 9.2.

  • Early Termination Notice is defined in Section 4.2 of this Agreement.

  • Early Termination Conditions means the types of conditions listed in Schedule A.

  • Early Termination Effective Date is defined in Section 4.2 of this Agreement.

  • Early Termination Schedule is defined in Section 4.2 of this Agreement.

  • Company Termination Fee has the meaning set forth in Section 7.3(a).

  • Mandatory Termination Date means the "Termination Date" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.

  • Reverse Termination Fee has the meaning set forth in Section 7.02(b).

  • Premium Termination Date With respect to the Series A Certificates, the scheduled maturity date of the Series A Certificates, with respect to the Series B Certificates, the scheduled maturity date of the Series B Certificates and with respect to the Series C Certificates, the scheduled maturity date of the Series C Certificates.

  • Change in Control Benefit means the benefit described in Section 2.4.

  • Automatic Termination shall have the meaning set forth in Section 2.3.2.

  • Termination Benefit means the benefit set forth in Article 7.

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of:

  • Swap Termination Payment Upon the designation of an “Early Termination Date” as defined in the Swap Agreement, the payment to be made by the Swap Administrator to the Swap Provider from payments from the Trust Fund, or by the Swap Provider to the Swap Administrator for payment to the Trust Fund, as applicable, pursuant to the terms of the Swap Agreement.

  • Change in Control Termination means that while this Agreement is in effect:

  • Termination Upon a Change in Control means a termination of Officer’s employment with Corporation within 12 months following a “Change in Control” that constitutes a Termination Other Than For Cause described in Section 2.1(b).

  • Change in Control Benefits means the following benefits: