Early Termination Payments Clause Samples

Early Termination Payments. If a Lessee turns back any Vehicle leased by such Lessee hereunder to a Manufacturer under its Manufacturer Program, upon the receipt of the Repurchase Price of such Vehicle from such Manufacturer or upon the date by which the Repurchase Price would have been paid if not for a Manufacturer Event of Default, the Lessor will charge such Lessee an amount equal to (i) the excess, if any, of (x) the Termination Value of such Vehicle (as of the Turnback Date) over (y) the sum of the Repurchase Price received with respect to such Vehicle or that would have been received but for a Manufacturer Event of Default, as applicable, and any Special Default Payments made by such Lessee in respect of such Vehicle pursuant to Section 13.3, plus (ii) any unpaid Monthly Base Rent for the Minimum Term plus any early turn back charges payable or deductible from the Repurchase Price for Vehicles returned before the Minimum Term in accordance with Section 3.1(b) hereof (any such amount is referred to as an "Early Termination Payment"). On each Payment Date, each Lessee shall pay to the Lessor all Early Termination Payments that have accrued during the Related Month. The provisions of this Section 13.4 will survive the expiration or earlier termination of the Term.

Early Termination Payments. Market Leader will make the following payments and credits (as specified below) totaling $1,450,000 to Imprev as follows as consideration for Imprev’s entering into this Termination Agreement and in full satisfaction of all payment obligations under the Agreements: (a) $1,000,000.00 USD (One Million dollars) in immediately payable funds paid to Imprev on or before December 31, 2011; and (b) $350,000 USD (Three Hundred Fifty Thousand dollars) on June 30, 2012. (c) The deposit of $100,000 paid by Market Leader to Imprev as set forth in Section 6.1 of the Statement of Work dated February 17, 2011 shall be credited to Imprev upon execution of this Termination Agreement and Market Leader will have no further right to such deposit.

Early Termination Payments. 18 13.1. Usage.................................................... 18 13.2. Return................................................... 18 13.3.

Early Termination Payments. If the Lessee turns back any Program Vehicle to a Manufacturer under its Manufacturer Program before the Minimum Term, on the Payment Date immediately following the receipt of the Repurchase Price of such Vehicle from such Manufacturer or on the Payment Date immediately following the date by which the Repurchase Price would have been paid if not for a Manufacturer Event of Default, the Lessee will pay the Lessor an amount equal to the excess, if any, of (x) the Termination Value of such Vehicle (as of the Turnback Date) over (y) the sum of the Repurchase Price received with respect to such Vehicle or that would have been received but for a Manufacturer Event of Default, as applicable, and any Special Default Payments made by the Lessee in respect of such Vehicle pursuant to Section 13.3 (any such amount is referred to as an “Early Termination Payment”). On each Payment Date, the Lessee shall pay to the Lessor all Early Termination Payments that have accrued during the Related Month. The provisions of this Section 13.4 will survive the expiration or earlier termination of the Term.

Early Termination Payments. If your Service is suspended or cancelled under this clause, you will need to pay any applicable early termination fees in respect of your Service set out in the Application Form and/or Critical Information Summary. If your Service is terminated within the minimum commitment period from the Start Date nominated by you in the Application Form, then you will be liable to pay us an administrative fee as specified in the Application Form and/or Critical Information Summary.

Early Termination Payments. (a) So long as this Agreement is pledged to the Owner Trustee, as Lessor under the Equipment Operating Lease and as Foundation Lessor under the Foundation Operating Lease, pursuant to the Investment Pledge Agreement, FFS shall, upon not less than two Business Days’ prior notice from Old Dominion, pay to Old Dominion, or, if this Agreement is pledged to the Owner Trustee, then to the Owner Trustee for the account and on behalf of Old Dominion, on the Investment Payment Date (as set forth in such notice) that corresponds to a date specified in clauses (i) through (viii) of this Section 3.2(a), the “Investment Agreement Early Termination Amount” specified on Schedule B hereto with respect to such Investment Payment Date: (i) on the applicable Termination Date on which the Equipment Operating Lease and the Foundation Operating Lease shall be terminated in the event the Equipment Operating Lease and the Foundation Operating Lease shall be terminated pursuant to the provisions of Section 10.2 of each thereof; or (ii) on the applicable Termination Date on which the Equipment Operating Lease and the Foundation Operating Lease shall be terminated in the event the Equipment Operating Lease and the Foundation Operating Lease shall be terminated pursuant to the provisions of Section 13 of each thereof; or (iii) on the applicable Termination Date on which the Equipment Operating Lease and the Foundation Operating Lease shall be terminated in the event the Equipment Operating Lease and the Foundation Operating Lease shall be terminated pursuant to the provisions of Section 14 of each thereof; or (iv) on the date of any termination of the Equipment Operating Lease and the Foundation Operating Lease pursuant to the provisions of Section 17 of each thereof or the date upon which Termination Value or an amount computed by reference to Termination Value is payable under Section 17 of the Equipment Operating Lease and the Foundation Operating Lease (unless such date is not an Investment Payment Date, in which case the Investment Agreement Early Termination Amount shall be determined as of the Investment Payment Date immediately preceding such Investment Payment Date); or (v) on the applicable Termination Date on which the Equipment Operating Lease and the Foundation Operating Lease shall be terminated in the event the Equipment Operating Lease and the Foundation Operating Lease shall be terminated pursuant to the provisions of Section 18 of each thereof; or (vi) on the Loan R...

Early Termination Payments. If Owner elects to terminate this Agreement pursuant to Section 2.5(b) above not as a result of any cause of Manager, or if the Agreement terminates pursuant to Section 2.5(c) above: (a) during the period December 1, 1999 through May 31, 2000, Owner shall pay Manager the sum of $60,000 upon the termination of this Agreement; or (b) during the period June 1, 2000 to November 30, 2000, Owner shall pay Manager the sum of $30,000 upon the termination of this Agreement. The foregoing payments shall not be construed as penalty provisions but reasonable sums which the parties agree compensate Manager for establishing the requisite management systems required pursuant to this Agreement.

Early Termination Payments. In the event of early termination of this Agreement, Merck shall pay for all work performed and expenses reasonably incurred in relation to the Study and in accordance with this Agreement up to the date of termination, upon the presentation of an invoice setting out the sums incurred. 3.5

Early Termination Payments the State may be liable to make these payments to the private consortium if it terminates the project agreement prematurely for: