Early Termination Shortfall

Example Definitions of "Early Termination Shortfall"
Early Termination Shortfall. The "Early Termination Shortfall" shall be the greater of (i) the difference between the MCA and the aggregate amount counted toward fulfillment of the MCA (assuming that the Unpaid Invoices Balance and the Unbilled Services Balance have been paid) and (ii) * of (x) the ACA which would have been due in each of the calendar years remaining between the effective date of termination and December 31, 2020 (with the year in which termination occurs being included as a full year), less (y) a credit... (not to exceed the ACA for such year) for any amounts paid or payable (provided that in fact such amounts are paid in due course) with respect to Services provided by TCS in the year in which termination occurs. (By way of example, if there are 6 calendar years remaining thru December 31, 2020, the amount of the ACA to be provided in (x) above would be * , as the ACA in 2020, the final year of the Term, shall be *.) View More Arrow
All Definitions