Early Termination Premium

Early Termination Premium. Upon notice of early termination, or the date of a Deemed Termination by Customer, prior to the end of any term, whether or not Customer continues to offer the Bill(s) to SYSTRAN during the thirty (30) day notice period applicable to Customer, Customer shall be obligated to pay to SYSTRAN, and Customer's Deposit may be charged, an early termination premium ("Early Termination Premium") in the amount of two percent (2%) of the Maximum Approved... Credit Line if terminated prior to July 31, 2005 and one percent (1%) of the Maximum Approved Credit Line if terminated thereafter. View More