Common use of Termination Charge Clause in Contracts

Termination Charge. If a Launch Service is terminated in accordance with the provisions of Paragraphs 21.1, 21.5 or 21.6, Contractor may retain as a Termination Charge an amount equal to one hundred percent (100%) of the initial payment and fifty percent (50%) of all other amounts paid or due but unpaid under Article 5 entitled “Payment” as of the effective termination date for the terminated Launch Service(s). If such effective termination date falls between the payment due dates, the Termination Charge attributable to such partial period shall be prorated through the effective termination date. Customer will pay to Contractor any unpaid portion of the Termination Charge within thirty (30) days of Contractor’s invoice. Contractor shall refund to Customer any amount paid, without interest, under this Contract for the terminated Launch Service(s) in excess of the Termination Charge within thirty (30) days of the effective termination date for such Launch Service(s).

Termination Charge. If a Launch Service is terminated in accordance with the provisions of Paragraphs 21.1, 21.5 or 21.6, Contractor may retain as a Termination Charge an amount equal to one hundred percent (100%) of the initial payment and fifty percent (50%) **** of all other amounts paid or due but unpaid under Article 5 entitled “Payment” as of the effective termination date for the terminated Launch Service(s). If such effective termination date falls between the payment due dates, the Termination Charge attributable to such partial period shall be prorated through the effective termination date. Customer will pay to Contractor any unpaid portion of the Termination Charge within thirty (30) days of Contractor’s invoice. Contractor shall refund to Customer any amount paid, without interest, under this Contract for the terminated Launch Service(s) in excess of the Termination Charge within thirty (30) days of the effective termination date for such Launch Service(s).

Termination Charge. If a Launch Service is terminated in accordance with the provisions of Paragraphs 21.1, 21.5 21.1 or 21.621.3 or 21.4, Contractor may retain as a Termination Charge an amount equal to one hundred percent (100%) of the initial payment and fifty percent (50%) of all other amounts paid or due but unpaid under Article 5 entitled “Payment” as of the effective termination date for the terminated Launch Service(sfollowing amount(s),. If such the effective termination date falls between the payment due datesTermination Dates, the Termination Charge attributable to such partial period shall be prorated through the effective termination date. Customer MSV will pay to Contractor any unpaid portion of the Termination Charge within thirty (30) days of receiving Contractor’s invoice. Contractor shall refund to Customer MSV any amount paid, without interest, under this Contract for the terminated Launch Service(s) in excess of the Termination Charge within thirty (30) days of the effective termination date for such Launch Service(s).

Termination Charge. If a the Launch Service is terminated in accordance with the provisions of Paragraphs 21.1, 21.5 21.1 or 21.621.3, Contractor may retain as a Termination Charge an amount equal to one hundred percent (100%) of the initial payment and fifty percent (50%) of all other following amount(s), plus any amounts paid or that may be due but unpaid under Article 5 entitled “Payment” as of the effective termination date for the terminated Launch Service(s)7. If such the effective termination date falls between the payment due datesTermination Dates, the Termination Charge attributable to such partial period shall be prorated through the effective termination date. Customer will pay to Contractor any unpaid portion of the Termination Charge within thirty (30) days of Contractor’s invoice. Contractor shall refund to Customer any amount paid, without interest, under this Contract for the terminated Launch Service(s) Service in excess of the Termination Charge within thirty (30) days of the effective termination date for such Launch Service(s)Service.