Common use of CANCELLATION BY LICENSEE PRIOR TO FEE PERIOD Clause in Contracts

CANCELLATION BY LICENSEE PRIOR TO FEE PERIOD. A) Licensee may cancel a space reservation by submitting a cancellation request through the housing application portal at least thirty (30) days prior to the beginning of the licensed term. If the cancellation request is received at least 30 days prior to the beginning of License Term, Licensee may cancel a reservation for any reason and receive a full refund of fees paid in advance (minus any non‐refundable fees). B) Licensee who makes a request to cancel a reservation less than 30 days prior to the beginning of License Period will be subject to the following: 1. If the University is able to find a suitable replacement for the Licensee so that the overall occupancy of the facilities is not adversely impacted, the Licensee will receive a full refund of fees paid in advance (minus any non‐refundable fees). 2. If the University is not able to find a suitable replacement for the Licensee, to the extent that honoring the request to cancel the reservation would adversely affect the overall occupancy of the facilities, the Licensee may be determined to owe the amount due under the full fee period of the License Agreement. 3. The University may grant or deny the request to cancel. The determination will be based on the following standards with appropriate verification: 4. If the request to waive the notice requirement is approved, Licensee has no financial obligation other than non‐refundable service fees. If the request to waive the notice requirement is not approved, but the request to cancel is granted, the Licensee will be charged a prorated amount for room and board fees assessed for each day of notice that is less than the required thirty (30) days.

Appears in 2 contracts

Samples: Student Housing License Agreement, Student Housing License Agreement

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CANCELLATION BY LICENSEE PRIOR TO FEE PERIOD. A) Licensee may cancel a space reservation by submitting a cancellation request through the housing application portal at least thirty (30) days prior to the beginning of the licensed term. If the cancellation request is received at least 30 days prior to the beginning of License Term, Licensee may cancel a reservation for any reason and receive a full refund of fees paid in advance (minus any non‐refundable fees).any B) A Licensee who makes a request to cancel a reservation less than 30 days prior to the beginning of License Period will be subject to the following: 1. If the University is able to find a suitable replacement for the Licensee so that the overall occupancy of the facilities is not adversely impacted, the Licensee will receive a full refund of fees paid in advance (minus any non‐refundable non-refundable fees). 2. If the University is not able to find a suitable replacement for the Licensee, to the extent that honoring the request to cancel the reservation would adversely affect the overall occupancy of the facilities, the Licensee may be determined to owe the amount due under the full fee period of the License Agreement. 3. The University may grant or deny the request to cancel. The determination will be based on the following standards with appropriate verification: 4. If the request to waive the notice requirement is approved, Licensee has no financial obligation other than non‐refundable non-refundable service fees. If the request to waive the notice requirement is not approved, but the request to cancel is granted, the Licensee will be charged a prorated amount for room and board fees assessed for each day of notice that is less than the required thirty (30) days.

Appears in 1 contract

Samples: Student Housing License Agreement

CANCELLATION BY LICENSEE PRIOR TO FEE PERIOD. A) Licensee may cancel a space reservation by submitting a cancellation request through the housing application portal at least thirty (30) days prior to the beginning of the licensed term. If the cancellation request is received at least 30 days prior to the beginning of License Term, Licensee may cancel a reservation for any reason and receive a full refund of fees paid in advance (minus any non‐refundable fees). B) A Licensee who makes a request to cancel a reservation less than 30 days prior to the beginning of License Period will be subject to the following: 1. If the University is able to find a suitable replacement for the Licensee so that the overall occupancy of the facilities is not adversely impacted, the Licensee will receive a full refund of fees paid in advance (minus any non‐refundable fees). 2. If the University is not able to find a suitable replacement for the Licensee, to the extent that honoring the request to cancel the reservation would adversely affect the overall occupancy of the facilities, the Licensee may be determined to owe the amount due under the full fee period of the License Agreement. 3. The University may grant or deny the request to cancel. The determination will be based on the following standards with appropriate verification: 4. If the request to waive the notice requirement is approved, Licensee has no financial obligation other than non‐refundable service fees. If the request to waive the notice requirement is not approved, but the request to cancel is granted, the Licensee will be charged a prorated amount for room and board fees assessed for each day of notice that is less than the required thirty (30) days.

Appears in 1 contract

Samples: Student Housing License Agreement

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CANCELLATION BY LICENSEE PRIOR TO FEE PERIOD. DRAFT A) Licensee may cancel a space reservation by submitting a cancellation request through the housing application portal at least thirty (30) days prior to the beginning of the licensed term. If the cancellation request is received at least 30 days prior to the beginning of License Term, Licensee may cancel a reservation for any reason and receive a full refund of fees paid in advance (minus any non‐refundable non‐ refundable fees). B) A Licensee who makes a request to cancel a reservation less than 30 days prior to the beginning of License Period will be subject to the following: 1. ) If the University is able to find a suitable replacement for the Licensee so that the overall occupancy of the facilities is not adversely impacted, the Licensee will receive a full refund of fees paid in advance (minus any non‐refundable fees). 2. ) If the University is not able to find a suitable replacement for the Licensee, to the extent that honoring the request to cancel the reservation would adversely affect impact the overall occupancy of the facilities, the Licensee may be determined to owe the amount due under the full fee period of the License Agreement. 3. The ) University may grant or deny the request to cancel. The determination will be based on the following standards with appropriate verification: 4. ) If the request to waive the notice requirement is approved, Licensee has no financial obligation other than non‐refundable service fees. If the request to waive the notice requirement is not approved, but the request to cancel is granted, the Licensee will be charged a prorated amount for room and board fees assessed for each day of notice that is less than the required thirty (30) days.

Appears in 1 contract

Samples: Student Housing License Agreement

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