Early Termination Charge definition

Early Termination Charge means, with respect to any 2016-B Lease that is terminated prior to its Maturity Date, an amount equal to the lesser of (a) the present value (discounted at the implicit rate of such 2016-B Lease) of all remaining Monthly Payments and (b) the excess, if any, of the adjusted 2016-B Lease balance over the related 2016-B Vehicle’s fair market wholesale value in accordance with accepted practices in the automobile industry (or by written agreement between the Servicer, on behalf of the Titling Trust, and the Lessee).

Early Termination Charge means the charge we may make if any of the circumstances in provision 12 (Ending the Agreement) occurs and we choose to terminate the Agreement on a date before the Earliest Termination Date, which we will calculate in accordance with Schedule A;

Early Termination Charge means the charge payable by the End-User for the termination of the contract before the end of the minimum contract period;

Examples of Early Termination Charge in a sentence

• An express termination right means a termination right under the Agreement that would permit Customer to terminate a service without incurring any Underutilization Charge or Early Termination Charge when such charge would otherwise be due.

• Instead, for moves or changes to Optimized Services during the Service Commitment, the Early Termination Charge described in the section “Early Termination Charge for Service Termination” will be reduced by the MRC for the replacement Optimized Service multiplied by the number of months in the new Service Commitment.

• Customer will not be charged the full Early Termination Charge set forth in section entitled “Early Termination Charge for Service Termination” for moves or changes.

• Early Termination Charges for Services included within Contributing Charges: For Services included within Contributing Charges, the Early Termination Charge applies only if all the Services included within Contributing Charges are terminated.

• That Early Termination Charge shall be equal to 50% of the remaining aggregate of the AVC (s) (and a pro rata portion for any partial Contract Year), plus any amounts due under the applicable Service Attachment or Service Order for termination of a Service before the end of the Service Commitment.

More Definitions of Early Termination Charge

Early Termination Charge means any early termination or downgrade charges for a Service set out or referred to in the Service Schedule or Service Order Form. Effective Date means the earlier of:

Early Termination Charge means the charge described in paragraph 1.8 of Annex 1;

Early Termination Charge means a charge that may be payable by the Subscriber for terminating a contract before the end of the Commitment Period;

Early Termination Charge means the charge imposed for terminating the Agreement prior to expiration of the Term as provided in Paragraph 5 thereof.

Early Termination Charge means the Remaining Payments Charge, plus the Contract Residual Value set forth in the Closed-End Lease, minus the unearned portion of the Lease Charge set forth in the Closed-End Lease, minus the realized value of the Closed-End Vehicle as determined by the estimated or appraised wholesale value of the Closed-End Vehicle or by the amount the Servicer receives upon disposition of the Closed-End Vehicle at wholesale.

Early Termination Charge means the Early Termination Charge set out in the Service Schedule;

Early Termination Charge means in respect of any Lease, Loan or MTC, at the date of termination, the total of: