In the event this Agreement is, for any reason other than a Wells Fargo Default or because of Wells Fargo’s election to terminate the Agreement before the Stated Termination Date when no Client Event of Default exists, terminated prior to the Stated Termination Date, Client shall pay to Wells Fargo a termination fee of (i) $450,000 if such termination occurs during the first year of the Agreement; or (ii) $250,000 if such termination occurs during the second or third year of the Agreement.
early termination fees