Common use of Cancellation Provisions Clause in Contracts

Cancellation Provisions. You may rescind your natural gas supply agreement with VE within three (3) days of receiving this disclosure statement. After the initial three (3) day period, either you or we may terminate the contract at any time by providing the non-­‐terminating party thirty (30) days written notice of such termination. You will remain responsible for all natural gas consumed by you prior to the actual cessation. In addition to the Cancellation Fee of $100 for each Residential account and/or $150 per Commercial, if Customer cancels prior to the expiration of the Fixed Price term, Customer will be responsible for early termination fee equal to the loses sustained by XXXX (including losses sustained as a result of VESI hedging the customer’s load for the balance of the fixed price term). Reasons for cancellation include:

Appears in 5 contracts

Samples: Energy Supply Terms and Conditions, Energy Supply Terms and Conditions, Energy Supply Terms And

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