Common use of Early Termination Charge Clause in Contracts

Early Termination Charge. Less than or equal to 12 months 100% of the amounts that would have been payable for the remainder of the Initial Term More than 12 Months If terminated within the first 12 months of the Initial Term, 100% of the amounts that would have been payable for the period from the date of termination to the end of the first 12 months and 50% of the amounts that would have been payable for the remainder of the Initial Term after the end of the first 12 months; or If terminated after the first of the first 12 months of the Initial Term, 50% of the amounts that would have been payable for the remainder of the Initial Term.