Common use of Early Termination Payment Clause in Contracts

Early Termination Payment. 19.1 If the Agreement is terminated under Clause 17.2(a), the Contractor shall make an early termination payment to the Company of ten percent (10%) of the Service Fee (“Early Termination Payment”), adjusted for any compensation provided for under Clause 18.1 within thirty (30) days of the date of termination. 19.2 If the Contractor does not pay the Early Termination Payment on time, the Contractor shall pay interest of five percent (5%) per annum on the Early Termination Payment, calculated pro rata on a daily basis. Such interest shall accrue from the day after the final date by which payment of the Early Termination Payment is due until the day on which payment of the Early Termination Payment is actually completed.

Early Termination Payment. 19.1 If the Agreement is terminated under Clause 17.2(a), the Contractor shall make an early termination payment to the Company of ten percent (10%) of the Service Fee (“Early Termination Payment”), adjusted for any compensation provided for under Clause 18.1 within thirty (30) days of the date of termination. 19.2 If the Contractor does not pay the Early Termination Payment on time, the Contractor shall pay interest of five three percent (53%) per annum on the Early Termination Payment, calculated pro rata on a daily basis. Such interest shall accrue from the day after the final date by which payment of the Early Termination Payment is due until the day on which payment of the Early Termination Payment is actually completed.

Early Termination Payment. 19.1 23.1 If the Agreement is terminated under Clause 17.2(a21.2(a), the Contractor shall make an early termination payment to the Company of ten percent (10%) of the Service Maximum Fee (“Early Termination Payment”), adjusted for any compensation provided for under Clause 18.1 within thirty (30) days of the date of termination. 19.2 23.2 If the Contractor does not pay the Early Termination Payment on time, the Contractor shall pay interest of five percent (5%) per annum on the Early Termination Payment, calculated pro rata on a daily basis. Such interest shall accrue from the day after the final date by which payment of the Early Termination Payment is due until the day on which payment of the Early Termination Payment is actually completed.