Common use of Termination with Liability Clause in Contracts

Termination with Liability. If (i) Customer terminates the agreement, in whole or in part, during the Term for reasons other than (i) for Cause, (ii) to take Company Services under another arrangement between Customer and Company having equal or greater term and volume requirements; or (2) Company terminates this Agreement, in whole or in part, for Cause, Customer will pay: (a) all accrued but unpaid charges incurred through the date of such termination; (b) an amount, applied against Customer’s invoiced Contributing Charges for Services and which Customer hereby agrees is reasonable, equal to fifty percent (50%) of the Annual Minimum (and a pro rata portion thereof for any partial Contract Year or partial termination) that would have been applicable for the remaining unexpired portion of the Term on the date of such termination; and (c) any and all credits for Services received by Customer hereunder (unless otherwise specified), in full, without setoff or deduction. Recurring Credits:

Appears in 4 contracts

Samples: enterprise.verizon.com, enterprise.verizon.com, enterprise.verizon.com

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