Common use of Termination by XOOM Clause in Contracts

Termination by XOOM. XOOM may cancel this Agreement for any reason by giving thirty (30) days written notice of its intention to terminate, regardless of whether or not the reason for termination is remedied after notice. XOOM may also cancel this Agreement by giving fifteen (15) days written notice for nonpayment. Termination may take two (2) or more billing cycles by your LDC. While the cancellation is taking place, you are still responsible for paying for the gas you consume, and your obligations under this Agreement will continue until your account is paid in full. Termination by you:You may cancel this Agreement by calling XOOM at 0-000-000-0000 or by sending an email to xxxxxxxxxxxx@xxxxxxxxxx.xxx. If you cancel this Agreement after the Cancellation Period described above but before the end of your term, the effective end date will be on your next applicable meter read date, and you will be charged a cost recovery fee (“Cost Recovery Fee”) of $110. You understand and agree that in order for XOOM to offer and fulfill its fixed rate obligation to you, it has to purchase natural gas in advance of usage in amounts needed to cover the full term of the Agreement. If you cancel this Agreement early, you will be responsible for the Cost Recovery Fee which is intended not as a penalty, but simply to offset the cost of selling the unused portion of your natural gas to others and estimated lost revenue that XOOM may incur from such a sale, if any, and related expenses.

Appears in 12 contracts

Samples: xoomenergy.com, xoomenergy.com, xoomenergy.com

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Termination by XOOM. XOOM may cancel this Agreement for any reason by giving thirty (30) days written notice of its intention to terminate, regardless of whether or not the reason for termination is remedied after notice. XOOM may also cancel this Agreement by giving fifteen (15) days written notice for nonpayment. Termination may take two (2) or more billing cycles by your LDC. While the cancellation is taking place, you are still responsible for paying for the gas you consume, and your obligations under this Agreement will continue until your account is paid in full. Termination by you:You may cancel this Agreement by calling XOOM at 0-000-000-0000 or by sending an email to xxxxxxxxxxxx@xxxxxxxxxx.xxx. If you cancel this Agreement after the Cancellation Period described above but before the end of your term, the effective end date will be on your next applicable meter read date, and you will be charged a cost recovery fee (“Cost Recovery Fee”) of $110200. You understand and agree that in order for XOOM to offer and fulfill its fixed rate obligation to you, it has to purchase natural gas in advance of usage in amounts needed to cover the full term of the Agreement. If you cancel this Agreement early, you will be responsible for the Cost Recovery Fee which is intended not as a penalty, but simply to offset the cost of selling the unused portion of your natural gas to others and estimated lost revenue that XOOM may incur from such a sale, if any, and related expenses.

Appears in 9 contracts

Samples: xoomenergy.com, xoomenergy.com, xoomenergy.com

Termination by XOOM. XOOM may cancel this Agreement for any reason by giving thirty (30) days written notice of its intention to terminate, regardless of whether or not the reason for termination is remedied after notice. XOOM may also cancel this Agreement by giving fifteen (15) days written notice for nonpayment. Termination may take two (2) or more billing cycles by your LDC. While the cancellation is taking place, you are still responsible for paying for the gas you consume, and your obligations under this Agreement will continue until your account is paid in full. Termination by you:You may cancel this Agreement by calling XOOM at 0-000-000-0000 or by sending an email to xxxxxxxxxxxx@xxxxxxxxxx.xxx. If you cancel this Agreement after the Cancellation Period described above but before the end of your term, the effective end date will be on your next applicable meter read date, and you will be charged a cost recovery fee (“Cost Recovery Fee”) of $110300. You understand and agree that in order for XOOM to offer and fulfill its fixed rate obligation to you, it has to purchase natural gas in advance of usage in amounts needed to cover the full term of the Agreement. If you cancel this Agreement early, you will be responsible for the Cost Recovery Fee which is intended not as a penalty, but simply to offset the cost of selling the unused portion of your natural gas to others and estimated lost revenue that XOOM may incur from such a sale, if any, and related expenses.

Appears in 6 contracts

Samples: xoomenergy.com, xoomenergy.com, acn.xoomenergy.com

Termination by XOOM. XOOM may cancel this Agreement for any reason by giving thirty (30) days written notice of its intention to terminate, regardless of whether or not the reason for termination is remedied after notice. XOOM may also cancel this Agreement by giving fifteen (15) days written notice for nonpayment. Termination may take two (2) or more billing cycles by your LDC. While the cancellation is taking place, you are still responsible for paying for the gas you consume, and your obligations under this Agreement will continue until your account is paid in full. Termination by you:You may cancel this Agreement by calling XOOM at 0-000-000-0000 or by sending an email to xxxxxxxxxxxx@xxxxxxxxxx.xxx. If you cancel this Agreement after the Cancellation Period described above but before the end of your term, the effective end date will be on your next applicable meter read date, and you will be charged a cost recovery fee (“Cost Recovery Fee”) of $110220. You understand and agree that in order for XOOM to offer and fulfill its fixed rate obligation to you, it has to purchase natural gas in advance of usage in amounts needed to cover the full term of the Agreement. If you cancel this Agreement early, you will be responsible for the Cost Recovery Fee which is intended not as a penalty, but simply to offset the cost of selling the unused portion of your natural gas to others and estimated lost revenue that XOOM may incur from such a sale, if any, and related expenses.

Appears in 2 contracts

Samples: xoomenergy.com, xoomenergy.com

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Termination by XOOM. XOOM may cancel this Agreement for any reason by giving thirty (30) days written notice of its intention to terminate, regardless of whether or not the reason for termination is remedied after notice. XOOM may also cancel this Agreement by giving fifteen (15) days written notice for nonpayment. Termination may take two (2) or more billing cycles by your LDC. While the cancellation is taking place, you are still responsible for paying for the gas you consume, and your obligations under this Agreement will continue until your account is paid in full. Termination by you:You may cancel this Agreement by calling XOOM at 0-000-000-0000 or by sending an email to xxxxxxxxxxxx@xxxxxxxxxx.xxx. If you cancel this Agreement after the Cancellation Period described above but before the end of your term, the effective end date will be on your next applicable meter read date, and you will be charged a cost recovery fee (“Cost Recovery Fee”) of $11055. You understand and agree that in order for XOOM to offer and fulfill its fixed rate obligation to you, it has to purchase natural gas in advance of usage in amounts needed to cover the full term of the Agreement. If you cancel this Agreement early, you will be responsible for the Cost Recovery Fee which is intended not as a penalty, but simply to offset the cost of selling the unused portion of your natural gas to others and estimated lost revenue that XOOM may incur from such a sale, if any, and related expenses.

Appears in 1 contract

Samples: xoomenergy.com

Termination by XOOM. XOOM may cancel this Agreement for any reason by giving thirty (30) days written notice of its intention to terminate, regardless of whether or not the reason for termination is remedied after notice. XOOM may also cancel this Agreement by giving fifteen (15) days written notice for nonpayment. Termination may take two (2) or more billing cycles by your LDC. While the cancellation is taking place, you are still responsible for paying for the gas you consume, and your obligations under this Agreement will continue until your account is paid in full. Termination by you:You may cancel this Agreement by calling XOOM at 0-000-000-0000 or by sending an email to xxxxxxxxxxxx@xxxxxxxxxx.xxx. If you cancel this Agreement after the Cancellation Period described above but before the end of your term, the effective end date will be on your next applicable meter read date, and you will be charged a cost recovery fee (“Cost Recovery Fee”) of $110600. You understand and agree that in order for XOOM to offer and fulfill its fixed rate obligation to you, it has to purchase natural gas in advance of usage in amounts needed to cover the full term of the Agreement. If you cancel this Agreement early, you will be responsible for the Cost Recovery Fee which is intended not as a penalty, but simply to offset the cost of selling the unused portion of your natural gas to others and estimated lost revenue that XOOM may incur from such a sale, if any, and related expenses.

Appears in 1 contract

Samples: xoomenergy.com

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