Cancellation or Curtailment Clause Samples

The Cancellation or Curtailment clause defines the terms under which a party may cancel or shorten the duration of an agreement or service. Typically, this clause outlines the conditions that justify cancellation or curtailment, such as unforeseen events, and may specify notice requirements, refund policies, or penalties. Its core function is to provide a clear process for ending or reducing commitments, thereby managing expectations and minimizing disputes if plans change unexpectedly.
Cancellation or Curtailment. Relevant Medical certificates or death certificates in the case of death.
View SourceView Similar (9)
Cancellation or Curtailment. Where the Trip has to be cancelled prior to departure or cut short following departure the Company will pay the cost of irrecoverable deposits and advanced payments for transport and accommodation costs which have been paid or will be payable, or become payable under contract, or cannot be recovered elsewhere.
View SourceView Similar (4)
Cancellation or Curtailment. Where the Trip has to be cancelled prior to departure or cut short following departure the Company will pay the cost of irrecoverable deposits and advanced payments for transport and accommodation costs which, have been paid or will be payable, or become payable under contract, or cannot be recovered elsewhere. Rearrangement When pre-booked travel arrangements in connection with a Trip have to be altered following departure, the Company will pay for the irrecoverable additional costs of travel and accommodation that are reasonably and necessarily incurred to enable the Insured Person to continue the Trip or return to the United Kingdom or Permanent Country of Residence. Travel Delay If the departure of the scheduled ship, aircraft, vehicle or train on which an Insured Person is booked to travel in order to get to their planned destination at the start, during or on completion of a Trip is delayed as a result of a Natural Catastrophe, the Company will pay £50 per hour in excess of 4 hours delay up to a maximum of £500 to the Insured or an Insured Person for additional reasonable expenses incurred for travel, accommodation, food and drink costs, that are not recoverable elsewhere or under any other section (or sub-section) of this policy. Extension applicable to section B4.2 Any costs in respect of the rental of a motor vehicle and/or chartering of a non- scheduled ship and/or aircraft will be covered up to the Sum Insured stated on the Schedule, provided the Insured or the Insured Person bears 50% of any amount in excess of the first £500 for each Insured Person. Definitions applicable to section B4.2 Natural Catastrophe Volcanic eruption, flood, tsunami, earthquake, landslide, hurricane, tornado and wildfire. Exclusions applicable to section B4.2 The Company will not pay any claim as the result of:
View SourceView Similar (3)
Cancellation or Curtailment. SECTION 4A - CANCELLATION The Company will reimburse the non-refundable unused portion of travel or accommodation costs paid by the Insured Person following necessary cancellation of the Insured Journey prior to departure due to:
View Source

Related to Cancellation or Curtailment

  • Curtailment Any payment of principal on a Mortgage Loan, made by or on behalf of the related Mortgagor, other than a Scheduled Payment, a prepaid Scheduled Payment or a Payoff, which is applied to reduce the outstanding Stated Principal Balance of the Mortgage Loan.

  • Consequential Loss Notwithstanding anything contained in this Agreement, neither Party shall be liable to the other Party for any indirect, special, consequential, punitive, and/or exemplary damages or losses arising from any act or omission by that Party relating to this Agreement and each Party (the “Indemnifying Party”) shall defend, indemnify and hold the other Party (the “Indemnified Party”) harmless in respect of any and all such indirect, special, consequential, punitive, and/or exemplary damages or losses suffered or incurred by the Indemnifying Party (provided that nothing in this Clause 15 shall relieve any Party from any express obligation under this Agreement to make any payment to another).

  • Currency and Related Risks The Fund bears the risks of holding or transacting in any currency, including any ▇▇▇▇ to market exposure associated with a foreign exchange transaction undertaken with the Custodian. The Custodian shall not be liable for any loss or damage arising from the applicability of any law or regulation now or hereafter in effect, or from the occurrence of any event, which may delay or affect the transferability, convertibility or availability of any currency in the country (a) in which such Principal or Agency Accounts are maintained or (b) in which such currency is issued, and in no event shall the Custodian be obligated to make payment of a deposit denominated in a currency during the period during which its transferability, convertibility or availability has been affected by any such law, regulation or event. Without limiting the generality of the foregoing, neither the Custodian nor any Subcustodian shall be required to repay any deposit made at a foreign branch of either the Custodian or Subcustodian if such branch cannot repay the deposit due to a cause for which the Custodian would not be responsible in accordance with the terms of Section 9 of this Agreement unless the Custodian or such Subcustodian expressly agrees in writing to repay the deposit under such circumstances. All currency transactions in any account opened pursuant to this Agreement are subject to exchange control regulations of the United States and of the country where such currency is the lawful currency or where the account is maintained. Any taxes, costs, charges or fees imposed on the convertibility of a currency held by the Fund shall be for the account of the Fund.

  • Redeployment Employees may be redeployed to a new job at the same or lower salary in the same or new location. 26.8.1 Where the new job is at a lower salary, an equalisation allowance will be paid to preserve the salary of the employee at the rate paid in the old job at the time of redeployment. The employer can preserve the salary in the following ways: a) A lump sum to make up for the loss of basic pay for the next two years (this is not abated by any subsequent salary increases); or b) An ongoing allowance for two years equivalent to the difference between the present salary and the new salary (this is abated by any subsequent salary increases). 26.8.2 Where the new job is within the same local area and extra travelling costs are involved, actual additional travelling expenses by public transport shall be reimbursed for up to 12 months. 26.8.3 The redeployment may involve employees undertaking some on-the-job training.

  • Balance of Payments Difficulties Where either Party is in a serious balance of payments difficulties or under threat thereof, the Party concerned may in accordance with the conditions laid down within the framework of WTO/GATT 1994 and with Articles VIII and XIV of the Articles of Agreement of International Monetary Fund, adopt restrictive measures, which shall be of limited duration and may not go beyond what is necessary to remedy the balance of payments situation. The Party concerned shall inform the other Party forthwith of their introduction and present to the other Party, as soon as possible, a time schedule of their removal.