CANCELLATION BY GROUP Sample Clauses

CANCELLATION BY GROUP. The following table contains an estimate (which the parties acknowledge and agree is reasonable) of the revenue to be generated from this Event. The table itself is not intended to warrant that the Event will generate these amounts of revenue. Neither is the table intended to prevent the Hotel from generating more than these amounts of revenue from the Event. Summary of Revenue Anticipated by Hotel from the Event Meeting Room Rental $750.00 Food and Beverage Minimum $0.00 Sleeping Room Revenue $20,230.00 Total Anticipated Event Revenue** $20,980.00 **This figure does not include gratuities, taxes or fees for services by any authorized outside vendors. Group acknowledges that if it cancels or otherwise substantially abandons the Event (a “Cancellation”), the Hotel will be harmed. Group further acknowledges that the later Group notifies Hotel of a Cancellation, the more harm Hotel will likely incur, because Hotel will have less time to mitigate its damages by marketing the sleeping room nights and function rooms to other customers and individual guests. Group also acknowledges that the actual amount of Hotel’s damages from any Cancellation would be difficult to calculate. Therefore, the parties agree that if a Cancellation should occur for any reason (including Group’s relocation of the Event to another hotel or resort), then Group shall pay Hotel, as liquidated damages and not as a penalty, the applicable amount identified below, plus any applicable taxes (a “Cancellation Fee”). Date of Written Cancellation Notice Amount of Cancellation Fee 0-90 days prior to arrival 80% + applicable taxes and service charges 91-180 days prior to arrival 70% + applicable taxes and service charges 181-365 days prior to arrival 60% + applicable taxes and service charges Group must provide Hotel any notice of a Cancellation in writing. If Group does not provide written notice of any Cancellation, then Hotel may assess any higher Cancellation Fee owed under the above schedule at the time it receives written confirmation of the Cancellation or the highest amount identified above if it receives no written confirmation. The parties agree that the amounts in the above schedule are based on reasonable estimates of Hotel’s harm from Cancellation. Any Cancellation Fee will be added to the Master Account. Any Cancellation Fee shall be due and payable immediately upon Cancellation.

CANCELLATION BY GROUP. You may cancel this Contract only by written notice to Us. Such cancellation shall be effective on the last date for which premiums have been paid, or a future date specified by You. You will be responsible for payment of premiums until any future date specified. We will not notify individuals in Your group of Your cancellation. Cancellation shall not affect any claim for Covered services provided before the effective date of cancellation.

CANCELLATION BY GROUP. Upon determining to cancel the tour, the Group must notify Varsi- ty of that determination in a writing sent by certified mail to Varsity. The cancellation shall take effect on the day the written cancellation is received.