Common use of Cancellation by Customer Clause in Contracts

Cancellation by Customer. Connecting Point must receive written notification from the Customer of any cancellation. Any such cancellation shall be subject to the cancellation fees set forth below. If the cancellation fee due to Connecting Point exceeds the amount previously paid by Customer to Connecting Point, Customer must pay the balance to Connecting Point within 30 days of receipt of written notice of cancellation. If the cancellation fee due to Connecting Point is less than the amount previously paid by Customer to Connecting Point, Connecting Point will refund the balance to Customer within 30 days of cancellation. Subsequent reassignment of canceled executive boardroom presentations does not relieve the canceling Customer of the obligation to pay the cancellation fee.