Examples of Termination Charge in a sentence
Additional Fees or Charges For Electricity ServicesOne-Time Registration Fee:Not ApplicableLate Payment Charge:1% per month on outstanding amountEarly Termination Charge (see footnote 6):$200.00 (no GST)Security Deposit (see footnote 7):Security Deposit (“SD”) shall be collected and retained on behalf of Retailer by SP Services Limited (“SP”).
If incurred, the Termination Charge will be due and payable by Customer within thirty (30) days after the termination date of the Service at issue.
Customer acknowledges that the calculation of the Termination Charge is a genuine estimate of Provider’s actual damages and is not a penalty.
If Customer experiences a Chronic Outage with respect to a Service, Customer shall have the right to elect either of the following remedies, which must be claimed as described in this SLA: (i) substitute a different Service or a different path for the Service that experienced the Chronic Outage without incurring any Termination Charge or installation fees; or (ii) terminate the affected Service for the path that experienced the Chronic Outage without incurring any Termination Charge.
Any early termination of a Service pursuant to this Section 6.1 shall be referred to as “Termination for Customer Convenience.” In the event of Termination for Customer Convenience, Customer shall pay to Provider the Termination Charge described in Section 6.3 below.