Early Termination Charge definition

Early Termination Charge means, with respect to any 2014-A 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 2014-A Lease) of all remaining Monthly Payments and (b) the excess, if any, of the adjusted 2014-A Lease balance over the related 2014-A 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).

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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

• On termination of a Service, the Customer and its End Users shall stop using the Services and Equipment and after such termination the Customer shall immediately pay all outstanding Charges and any applicable Early Termination Charge.

• If contemporaneous with Customer’s termination notice, Customer signs a Service Order for Service(s) equal to or greater than the MRC of the Service(s) being terminated, Fatbeam will waive the Early Termination Charge.

• If, within 30 days of the termination, Company and Client agree to a new or upgraded circuit with total recurring and non-recurring circuit charges that, during the period covered by the Early Termination Charge, do not equal or exceed the Early Termination Charges, the Early Termination Charges shall be reduced by the amount of those charges for the new or upgraded circuit during the period covered by the Early Termination Charge.

• If termination occurs before the end of the Contract Minimum Period then condition 12.7 of our Residential Terms and Conditions will apply and you will be liable to pay an Early Termination Charge.

• Customer acknowledges that damages for Customer’s Early Termination would be difficult to determine, therefore the Early Termination Charge constitutes liquidated damages and is not a penalty.

More Definitions of Early Termination Charge

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 described in paragraph 1.8 of Annex 1;

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 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 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, other than any charges for excess mileage, excess wear and use charges already taken into account in the realized value of the vehicle, 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, at the lessor’s option, 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. As an alternative, at the lessee’s option and at the lessee’s expense, the Closed-End Vehicle’s realized value may be determined by an appraisal of the Closed-End Vehicle’s wholesale value by a qualified independent appraiser selected by the lessee and acceptable to the Servicer. If such option is selected by the lessee, the appraiser’s determination of the realized value of the Closed-End Vehicle is final and binding on both parties.

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