Common use of Downgrade Fee Clause in Contracts

Downgrade Fee. If you choose to downgrade a Line to a core price plan with a lower tier of hardware subsidy eligibility during the Line Term, then you will be charged a one-time hardware downgrade fee. The downgrade fee is based on the difference between the DSRF at time of activation and the DSRF in the lower tier hardware category at the time the Device was activated. This downgrade fee will ultimately reduce the Termination Fees owed to Rogers. For example, if the DSRF received by you at time of activation was $450 and the DSRF at time of activation in the lower tier hardware category would have been $300 then the difference between these two categories would be $150. If you were 18 months into your 24-month Line Term, then the downgrade fee would be calculated as follows: $150 / 24 = $6.25 per month x 6 months remaining for a total of $37.50. This $37.50 would reduce the total Termination Fees by the same amount.

Appears in 2 contracts

Samples: assets.ctfassets.net, assets.ctfassets.net

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Downgrade Fee. If you choose to downgrade a Line to a core price plan with a lower tier of hardware subsidy eligibility during the Line Term, then you will be charged a one-time hardware downgrade fee. The downgrade fee is based on the difference between the DSRF at time of activation and the DSRF in the lower tier hardware category at the time the Device was activated. This downgrade fee will ultimately reduce the Termination Fees EIRF owed to Rogers. For example, if the DSRF received by you at time of activation was $450 and the DSRF at time of activation in the lower tier hardware category would have been $300 then the difference between these two categories would be $150. If you were 18 months into your 24-24 month Line Term, then the downgrade fee would be calculated as follows: $150 / 24 = $6.25 per month x 6 months Months remaining for a total of $37.50. This $37.50 would reduce the total Termination Fees EIRF by the same amount.

Appears in 2 contracts

Samples: assets.ctfassets.net, assets.ctfassets.net

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Downgrade Fee. If you choose the Customer chooses to downgrade a Line to a core price plan with a lower tier of hardware subsidy eligibility during the Line Term, then you the Customer will be charged a one-time hardware downgrade fee. The downgrade fee is based on the difference between the DSRF at time of activation and the DSRF in the lower tier hardware category at the time the Device was activated. This downgrade fee will ultimately reduce the Termination Fees EIRF owed to Rogers. For example, if the DSRF received by you the Customer at time of activation was $450 and the DSRF at time of activation in the lower tier hardware category would have been $300 then the difference between these two categories would be $150. If you were the Customer was 18 months into your 24-their 24 month Line Term, then the downgrade fee would be calculated as follows: $150 / 24 = $6.25 per month x 6 months Months remaining for a total of $37.50. This $37.50 would reduce the total Termination Fees EIRF by the same amount.

Appears in 1 contract

Samples: Master Enterprise Customer Agreement

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