Examples of Early Termination Payment in a sentence
It is expressly agreed that a Party will not be required to enter into any replacement transaction in order to determine an Early Termination Payment.
If such amount constitutes a net Loss to the Non-Defaulting Party, the Defaulting Party will, within five business days of receipt of such notice, pay the Early Termination Payment to the Non-Defaulting Party, with interest at the Interest Rate from the Early Termination Date until paid.
Within thirty days of the Early Termination Date, the Non-Defaulting Party will notify the Defaulting Party of the amount of the Early Termination Payment.
On the due date of any Early Termination Payment, each Party will pay to the other Party all additional amounts payable by it pursuant to this Agreement.
The Early Termination Payment shall be calculated from the date of the letter received by MSP whereunder the Customer seeks termination uptil the end of the Initial Term (“Early Termination Notice”).