Common use of TERMINATION OF A SERVICE AGREEMENT Clause in Contracts

TERMINATION OF A SERVICE AGREEMENT. If Customer desires to terminate all or a portion of the facilities installed pursuant to the Service Agreement, Company will agree to such termination if Company is satisfied that Customer no longer has need for street lighting service. If such termination request occurs before the expiration of the initial contract term, Company will agree to such termination and remove its facilities provided Customer pays an amount of money equal to 40% of the bills which otherwise would have been rendered for the unexpired months of the initial Contract Period.

Appears in 3 contracts

Samples: www.progress-energy.com, wwwint.progress-energy.com, sccustconnectdev32.duke-energy.com

AutoNDA by SimpleDocs

TERMINATION OF A SERVICE AGREEMENT. If Customer desires to terminate all or a portion of the facilities installed pursuant to the Service Agreement, Company will agree to such termination if Company is satisfied that Customer no longer has need for street lighting service. If such termination request occurs before the expiration of the initial contract term, Company will agree to such termination and remove its facilities provided Customer pays an amount of money equal to 40% of the bills which otherwise would have been rendered for the unexpired months of the initial Contract Period.

Appears in 2 contracts

Samples: Service Agreement, www.duke-energy.com

AutoNDA by SimpleDocs

TERMINATION OF A SERVICE AGREEMENT. If Customer desires to terminate all or a portion of the facilities installed pursuant to the Service Agreement, Company will agree to such termination if Company is satisfied that Customer no longer has need for street lighting service. If such termination request occurs before the expiration of the initial contract term, Company will agree to such termination and remove its facilities provided Customer pays an amount of money equal to 40% of the bills which otherwise would have been rendered for the unexpired months of the initial Contract Period.

Appears in 1 contract

Samples: Service Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!