Early Termination Charge definition

Early Termination Charge means, with respect to any 2016-A 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-A Lease) of all remaining Monthly Payments and (b) the excess, if any, of the adjusted 2016-A Lease balance over the related 2016-A 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 Charge means the charge we may make if any of the circumstances in provision 12 (Ending the Agreement) occurs and we choose to terminate the Agreement on a date before the Earliest Termination Date, which we will calculate in accordance with Schedule A;

Early Termination Charge means the charge payable by the End-User for the termination of the contract before the end of the minimum contract period;

Examples of Early Termination Charge in a sentence

• The Early Termination Charge is not a penalty, but rather a charge to compensate us for your failure to satisfy the Service commitment on which your promotional rate is based.

• If You have a Lease Agreement, We will pay the difference up to the Sum Insured between the Insured Value and the Lease Early Termination Charge to the Lease Company, as well as the original up-front payment that You had made in the form of rentals paid in advance.

• You may terminate any term commitment agreement within ten (10) days of entering into such agreement without paying the Early Termination Charge.

• Customer will not be charged the full Early Termination Charge set forth in part (b) of the preceding clause for moves or changes.

• B-48 If this Agreement is terminated prior to its End Date pursuant to Clauses B-41, A-43(a) or A- 43(c), the Customer shall pay to the Company an Early Termination Charge equivalent to 50% x Average Daily Bill Amount x Unexpired Term (“Termination Sum”) with respect to this Agreement.

More Definitions of Early Termination Charge

Early Termination Charge means the charge imposed for terminating the Agreement prior to expiration of the Term as provided in Paragraph 5 thereof.

Early Termination Charge means the Remaining Payments Charge, plus the Contract Residual Value set forth in the Closed-End Lease, minus the unearned portion of the Lease Charge set forth in the Closed-End Lease, minus the realized value of the Closed-End Vehicle as determined by the estimated or appraised wholesale value of the Closed-End Vehicle or by the amount the Servicer receives upon disposition of the Closed-End Vehicle at wholesale.

Early Termination Charge means in respect of any Lease, Loan or MTC, at the date of termination, the total of:

Early Termination Charge means, with respect to any 2004-A Lease that is terminated prior to its Maturity Date, an amount equal to the lesser of (i) the difference, if any, between (a) the sum of (1) the present value of all remaining Monthly Payments and (2) the Contract Residual of the related 2004-A Vehicle and (b) a wholesale value assigned to such 2004-A Vehicle by the Servicer 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) and (ii) the remaining Monthly Payments.

Early Termination Charge means the Early Termination Charge set out in the Service Schedule;

Early Termination Charge means, with respect to any 20[•]-[•] 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 20[•]-[•] Lease) of all remaining Monthly Payments and (b) the excess, if any, of the adjusted 201[•]-[•] Lease balance over the related 20[•]-[•] 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 Company, and the Lessee).

Early Termination Charge means, with respect to any 2010-B Lease that is terminated prior to its Maturity Date, an amount equal to the lesser of (i) the difference, if any, between (a) the sum of (1) the present value (discounted at the implicit rate of such 2010-B Lease) of all remaining Monthly Payments, and (2) the Contract Residual of the related 2010-B Vehicle and (b) a wholesale value assigned to such 2010-B Vehicle by the Servicer 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), and (ii) the remaining Monthly Payments.