Attrition Fees. University shall pay Supplier if University does not utilize 80% of the total room nights committed in the room block. University will be invoiced following the official end date, as liquidated damages and not as penalty, for the difference between 80% of the total room nights and University’ actual usage of rooms, multiplied by the single group room rate.
Appears in 7 contracts
Samples: University of Delaware, Standard Terms Incorporated Into, Standard Terms Incorporated Into
