Estimated Remaining Value definition

Estimated Remaining Value means the number of calendar months remaining between the Effective Date of Termination and the last day of the contracted-for Term, multiplied by the average of the three (3) highest monthly fees (but in any event no less than the monthly minimums) payable by Customer during the twelve (12) month period prior to the event giving rise to termination rights under this Agreement.
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Estimated Remaining Value means the number of calendar months remaining between the Effective Date of Termination and the last day of the contracted-for Term, multiplied by the average of the three (3) highest monthly Fees (but in any event no less than the Monthly Base Fee) payable by Customer during the twelve (12) month period prior to the event giving rise to termination rights under this Agreement. In the event the Effective Date of Termination occurs prior to expiration of the First Contract Year, the estimated monthly fees set forth in the Fee Schedule shall be substituted for the average monthly fees described in the preceding sentence.
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Estimated Remaining Value means the number of calendar months remaining between the Effective Date of Termination and the last day of the contracted-for Term, multiplied by the average of the three (3) highest monthly Fees (but in any event no less than the Monthly Base Fee) payable by Reseller during the twelve (12) month period prior to the event giving rise to termination rights under this Agreement. In the event the Effective Date of Termination occurs prior to expiration of the First Contract Year, the Monthly Fees used in calculating the Estimated Remaining Value shall be the greater of (i) the estimated monthly fees set forth in the Fee Schedule, if any, and (ii) the average monthly fees described in the preceding sentence for the period during which this Agreement has been in effect.
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Examples of Estimated Remaining Value in a sentence

  • The Termination Fee shall be an amount equal to eighty-five percent (85%) of the Estimated Remaining Value of the terminated Services.

  • The Termination Fee shall be an amount equal to sixty percent (60%) of the Estimated Remaining Value of the terminated Services.

  • Client may terminate this Agreement for any reason or no reason, at its convenience, by providing OneNeck a minimum six (6) months prior written notice; provided that if notice of termination is provided by Client during the first twenty-three (23) months of the Agreement, starting from the Effective Date, Client pays OneNeck an early termination fee (“Termination Fee”) in an amount equal to fifty percent (50%) of the Estimated Remaining Value.

  • Customer may terminate this Agreement during the Term upon at least one (1) years' written notice to M&I, provided that Customer pays M&I an early termination fee ("Termination for Convenience Fee") in an amount equal to REDACTED of the Estimated Remaining Value.

  • The Termination Fee shall be an amount equal to forty percent (40%) of the Estimated Remaining Value, but in no event shall it exceed $82,500, plus the unamortized portion of the $302,948 credit provided to Customer by Metavante under the first pricing assumption stated in Exhibit C3 to this Agreement.

  • The Termination Fee shall be an amount equal to sixty percent (60%) of the Estimated Remaining Value.

  • The Termination Fee shall be an amount equal to percentage of the Estimated Remaining Value of the terminated Services or this Agreement, as applicable.

  • If M&I terminates this Agreement following an Event of Default on the part of Customer, or if Customer terminates this Agreement in accordance with Section 11.1 above without complying with the notification requirements set forth in Section 11.1, then Customer shall pay M&I a termination fee ("Termination for Cause Fee") in an amount equal to REDACTED of the Estimated Remaining Value, payable as set forth in Section 11.1 above.


More Definitions of Estimated Remaining Value

Estimated Remaining Value means the number of calendar months remaining between the Effective Date of Termination and the last day of the contracted-for Term, multiplied by the average of the three (3) highest monthly fees (but in any event no less than the Monthly Base Fee or other monthly minimums specified in the Services and Charges Schedule(s)) payable by Customer during the twelve (12) month period prior to the event giving rise to termination rights under this Agreement. In the event the Effective Date of Termination occurs prior to expiration of the First Contract Year, the monthly fees used in calculating the Estimated Remaining Value shall be the greater of (i) the estimated monthly fees set forth in the Services and Charges Schedule(s) and (ii) the average monthly fees described in the preceding sentence.
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