T ermination Charge Clause Samples

T ermination Charge. In the event of Termination or Withdrawal by You for convenience or by Lenovo for Your material breach, You shall pay an adjustment fee as defined hereafter (“Termination Charge”). The Termination Charges will apply as follows: - in case of Termination or Withdrawal within an initial minimum Term of less than one (1) year, the associated Termination Charges will be equal to the Service Charge for the entire initial minimum Term; - in case of Termination or Withdrawal within an initial minimum Term of at least one (1) year but less than two (2) years, the associated Termination Charges will be calculated on the basis of seventeen percent (17%) of the average annual Service Charge; - in case of Termination or Withdrawal within an initial minimum Term of at least two (2) years but less than three (3) years, the associated Termination Charges will be calculated on the basis of twenty-five percent (25%) of the average annual service Charge; - in case of Termination or Withdrawal within an initial minimum Term of at least three (3) years but less than four (4) years, the associated Termination Charges will be calculated on the basis of thirty-three percent (33%) of the average annual Service Charge; - in case of Termination or Withdrawal within an initial minimum Term of at least four (4) years but less than five (5) years, the associated Termination Charges will be calculated on the basis of forty-two percent (42%) of the average annual Service Charge. Lenovo DCG Services - Maintenance General Terms and Conditions - EMEA Such Termination Charges shall be in addition to any and all damages that such Termination or Withdrawal for convenience or caused by Your material breach may cause to Lenovo and that Lenovo is entitled to claim in accordance with the provisions of this Agreement.