Common use of Termination before end of Minimum Term Clause in Contracts

Termination before end of Minimum Term. If you want to terminate the Contract in respect of a Service prior to the end of the Minimum Term for the relevant Service (other than because we have materially altered the conditions of the Contract under paragraph 19.3) you must give us at least (90) days notice in writing and we will levy a cancellation charge calculated in accordance with the following:- (a) Each Service for which a monthly rental charge is payable – number of months remaining of Minimum Term for that Service multiplied by the monthly rental; and (b) Call Spend – number of months remaining on Minimum Term multiplied by the monthly Minimum Spend or multiplied by the average monthly call spend calculated on the previous 6 months Call spend, whichever is the greater, in each case less a discount sum, computed on the basis of a 5% discount for a full year of early payment, and a pro rata lesser sum for a shorter period or greater sum for a larger period.