Common use of Minimum Contract Term Clause in Contracts

Minimum Contract Term. If Customer terminates the Agreement, ceases renting the Hardware or accessing the Services during the Minimum Contract Term, then Customer must pay EROAD an early termination fee for the Hardware and the associated Services. The early termination fee is an amount equal to the total amount of Fees that would have been payable by Customer for the Hardware and the associated Services specified in the Agreement for the remainder of the Minimum Contract Term had the Agreement not been terminated or had Customer not ceased renting the Hardware or accessing the Services (the Early Termination Fee).

Minimum Contract Term. If Customer terminates the Agreement, ceases renting the Hardware or accessing the Services during the Minimum Contract Term, then Customer must pay EROAD an early termination fee for the Hardware and the associated Services. The early termination fee is an amount equal to the total amount of Fees that would have been payable by Customer for the Hardware and the associated Services specified in the Agreement for the remainder theremainder of the Minimum Contract Term had the Agreement not been terminated or had Customer not ceased renting the Hardware or accessing the Services (the Early Termination Fee).

Minimum Contract Term. If Customer terminates the Agreement, ceases renting the Hardware or accessing the Services during the Minimum Contract Term, then Customer must pay EROAD an early termination fee for the each unit of Hardware and the associated ServicesServices specified in the Agreement unless the Agreement says otherwise. The early termination fee is an amount equal to the total amount of Fees that would have been payable by Customer for the each unit of Hardware and the associated Services specified in the Agreement for the remainder of the Minimum Contract Term had the Agreement not been terminated or had Customer not ceased renting the Hardware or accessing the Services (the Early Termination Fee).