Common use of Cost Recovery Fee Clause in Contracts

Cost Recovery Fee. You understand and agree that in order for XOOM to offer and fulfill its fixed rate obligation to you, it has to purchase natural gas in advance of usage in amounts needed to cover the full term of this Agreement. If you cancel this Agreement early, you will be responsible for paying a cost recovery fee (“Cost Recovery Fee”) of $110 which is intended not as a penalty, but simply to offset the cost of selling the unused

Appears in 3 contracts

Sources: Surelock 12 Agreement, Surelock 12 Agreement, Surelock 12 Agreement

Cost Recovery Fee. You understand and agree that in order for XOOM to offer and fulfill its fixed rate obligation to you, it has to purchase natural gas in advance of usage in amounts needed to cover the full term of this Agreement. If you cancel this Agreement early, you will be responsible for paying a cost recovery fee (“Cost Recovery Fee”) of $110 150 which is intended not as a penalty, but simply to offset the cost of selling the unused

Appears in 2 contracts

Sources: Bizlock 12 Agreement, Bizlock 12 Agreement

Cost Recovery Fee. You understand and agree that in order for XOOM to offer and fulfill its fixed rate obligation to you, it has to purchase natural gas in advance of usage in amounts needed to cover the full term of this Agreement. If you cancel this Agreement early, you will be responsible for paying a cost recovery fee (“Cost Recovery Fee”) of $110 which is intended not as a penalty, but simply to offset the cost of selling the unusedunused portion of your natural gas to others and estimated lost revenue that XOOM may incur from such a sale, if any, and

Appears in 1 contract

Sources: Surelock 12 Agreement