Common use of Early Termination Charges Clause in Contracts

Early Termination Charges. Except in the case of Non-appropriation of funds, FMV, $1 Buyout, and Straight Leases shall be subject to an early termination charge, and shall involve the return of the Device (in good working condition; ordinary wear and tear excepted) by the Purchasing Entity to the Contractor. With respect to the Device, the termination charge shall not exceed the balance of remaining Device Payments (including any current and past due amounts), and with respect to Service or maintenance obligations, the termination charge shall not exceed four (4) months of the Service and Supply base charge or twenty-five percent (25%) of the remaining Maintenance Agreement term, whichever is less.

Appears in 4 contracts

Samples: Naspo Valuepoint Master Agreement, Lexmark Software License Agreement, Master Lease Agreement

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Early Termination Charges. i) Except in the case of Non-appropriation of funds, FMV, $1 BuyoutCapital, and Straight Leases and Short-term Rentals shall be subject to an early termination charge, and shall involve the return of the Device Equipment (in good working condition; ordinary wear and tear excepted) by the Purchasing Entity to the ContractorAwarded Vendor. With respect to the DeviceEquipment, the termination charge shall not exceed the balance of remaining Device Equipment Payments (including any current and past due amounts), and with respect to Service or maintenance obligations, the termination charge shall not exceed four (4) months of the Service and Supply base charge or twenty-five percent (25%) of the remaining Maintenance Agreement term, whichever is less.

Appears in 2 contracts

Samples: bidcondocs.delaware.gov, bidcondocs.delaware.gov

Early Termination Charges. 8.1 Except in the case of Non-appropriation of funds, FMV, $1 Buyout, and Straight Leases and Short-term Rentals shall be subject to an early termination charge, and shall involve the return of the Device (in good working condition; ordinary wear and tear excepted) by the Purchasing Entity to the Contractor. With respect to the Device, the termination charge shall not exceed the balance of remaining Device Payments (including any current and past due amounts), and with respect to Service or maintenance obligations, the termination charge shall not exceed four (4) months of the Service and Supply base charge or twenty-five percent (25%) of the remaining Maintenance Agreement term, whichever is less.

Appears in 2 contracts

Samples: Master Lease Agreement, Naspo Valuepoint Master Agreement

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Early Termination Charges. 8.1 Except in the case of Non-appropriation of funds, FMV, $1 Buyout, and Straight Leases shall be subject to an early termination charge, and shall involve the return of the Device (in good working condition; ordinary wear and tear excepted) by the Purchasing Entity to the Contractor. With respect to the Device, the termination charge shall not exceed the balance of remaining Device Payments (including any current and past due amounts), and with respect to Service or maintenance obligations, the termination charge shall not exceed four (4) months of the Service and Supply base charge or twenty-five percent (25%) of the remaining Maintenance Agreement term, whichever is less.

Appears in 2 contracts

Samples: Master Agreement, Naspo Valuepoint Master Agreement

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