Common use of Early Exit Fee Clause in Contracts

Early Exit Fee. You understand and agree that in order for XOOM to offer and fulfill its fixed rate obligation to you, it has to purchase natural gas in advance of usage in amounts needed to cover the full term of this Contract. If you cancel this Contract early, you will be responsible for paying an early exit fee (“Early Exit Fee”), set forth in the Product Sheet, which is intended not as a penalty, but simply to offset the cost of selling the unused portion of your Energy to others and estimated lost revenue that XOOM may incur from such a sale, if any, and related expenses. If we charge you the Early Exit Fee, it will appear on your bill. If you do not pay it to us by the date indicated, we will charge you the Late Payment Charge.