Cancellation Damages Sample Clauses

Cancellation Damages. College agrees and understands that, in the event of a cancellation or lack of full performance by College, the Catering Company’s actual damages would be difficult to determine. Therefore, College agrees that should it cancel College’s Event for any reason other than due to a force majeure event, including changing College meeting/function site to another hotel, College will pay as liquidated damages and not as a penalty, a percentage of the Total Anticipated Revenue for College’s Event, plus any applicable state and/or local taxes as required by law, calculated as follows: Date of ’s Receipt of Cancellation Notice Percentage of Total Minimum Anticipated Revenue Amount of Cancellation Damages Owed Cancellation between date of signing and 90 days prior to arrival: 10 % of cost = $0.00 Cancellation between 89 days and 30 days: 15 % of cost = $0.00 Cancellation between 29 and 20 % of cost = $0.00

Cancellation Damages. If, after Contractor has commenced the work under this Contract and after the expiration of any cancellation period required by the law of the State in which the Property is located, Customer cancels this Contract or refuses to let Contractor proceed with the work for any reason other than Contractor’s material breach of this Contract, Contractor, in addition to exercising any other rights or remedies that are available to Contractor under this Contract or at law or in equity, shall be entitled to recover from Customer payment for all equipment, other materials and labor provided by Contractor and/or that Contractor has obligated itself to pay for in connection with the work under this Contract, reasonable costs of demobilization, and reasonable amounts to compensate Contractor for Contractor’s overhead expense incurred and for lost profit of Contractor resulting from such cancellation.

Cancellation Damages. If this Agreement is terminated by the Occupant, or due to Occupant’s loss of eligibility under this Agreement, prior to the end of the term, the Occupant must pay as liquidated damages $1000 or the remainder of the rent due, whichever is less.

Cancellation Damages. You guarantee that your Event will provide the Total Minimum Anticipated Revenue. You agree and understand that, in the event of a cancellation or lack of full performance by you, our actual damages would be difficult to determine. Therefore, you agree that should you cancel your Event for any reason other than due to a valid Impossibility occurrence, including changing your meeting/function site to another hotel, you will pay as liquidated damages and not as a penalty, a percentage of the Total Anticipated Revenue for your Event, plus any applicable state and/or local taxes as required by law, calculated as follows: Date of Hotel’s Receipt of Cancellation Notice Percentage of Total Minimum Anticipated Revenue Owed Amount of Cancellation Damages Owed Cancellation between date of signing and December 31, 2014: 25 % = $2,250 Cancellation between January 1, 2015 and February 28, 2015: 50 % = $4,500 Cancellation between March 1, 2015 and date of arrival 100 % = $9,000 Payment of cancellation damages is due within 30 days following your written notice of cancellation to us>. We may consider your notice of cancellation to be invalid and thus may not release accommodations held until payment of the applicable cancellation damages is received; therefore delay in payment may result in higher cancellation damages owed.

Cancellation Damages. You guarantee that your Event will provide the Total Anticipated Revenue. You agree and understand that, in the event of a cancellation or lack of full performance by you, our actual damages would be difficult to determine. Therefore, you agree that should you cancel your Event for any reason other than due to a valid Impossibility occurrence, including changing your meeting/function site to another hotel, you will pay as liquidated damages and not as a penalty, a percentage of the Total Anticipated Revenue for your Event, plus any applicable state and/or local taxes as required by law, calculated as follows: Date of Hotel’s Receipt of Cancellation Notice Percentage of Total Anticipated Revenue Amount of Cancellation Damages Cancellation between date of signing and <date>: <amount> % = $<amount> Cancellation between <date> and <date>: <amount> % = $<amount> Cancellation between <date> and <date>: <amount> % = $<amount> Cancellation between <date> and date of arrival: <amount> % = $<amount> Total Anticipated Revenue for this Event is $«tot_total_dollars». [must be same amount as in the Summary table at beginning of contract] Payment of cancellation damages is due (choose one:) <at the same time that you deliver your written notice of cancellation to the Hotel OR within 30 days following your written notice of cancellation to us>. We may consider your notice of cancellation to be invalid and thus may not release accommodations held until payment of the applicable cancellation damages is received; therefore delay in payment may result in higher cancellation damages owed. [Optional:] Should you wish to confirm the accurate calculation of the applicable cancellation damages payment, you may contact us and request that we prepare a statement detailing the applicable cancellation damages payment, plus any applicable state and local taxes. We will subtract any advance payments and deposits previously paid by you to us. [Optional:] All estimated Total Anticipated Revenue performance damages will be due and payable to the Hotel no later than seven (7) days prior to your arrival date, regardless of your Master Account credit status.

Cancellation Damages. If Sub-Lessee does not receive FDIC, State of Nevada and County of Washoe approvals for operation, Sub-Lessee may cancel this Agreement in writing to Sub-Lessor with the following damages due and payable immediately to Sub-Lessor: A) Forfeiture of $7,500.00 Deposit (Paid at Agreement Signing). B) Forfeiture of First Month Rent (Paid at agreement Signing). C) Payment of an additional 2 months rent for consequential damages to Sub-Lessor due to cancellation by Sub-Lessee. D) Restoration of Premises to original condition if construction is underway or complete; subject to Sub-Lessor’s approval. Restoration must be completed immediately upon notification of cancellation with as little business interruption as possible.