Common use of CANCELLATION BY THE COMPANY Clause in Contracts

CANCELLATION BY THE COMPANY. The company may cancel the agreement by written notice in the following circumstances: (1) For any reason described in condition 4 (2) In the event of an accident affecting the safety or navigability of the boat (3) for breach of any of the rules set out under Condition 9 (4) for non-payment of any sum due under the booking. The Company is entitled to recover from You any loss which it suffers as a result of cancellation under any of the provisions of Condition 4 or for breach of Condition 9 and it may retain all or part of any payments which you have made as security for such claims. Subject to this if the Company is able to re-let the Boat for the Hire Date it will give credit as per clause 5 as a result of such re-letting and shall prepare and submit to You an account of its claim and of any payment which may be due to You or to the Company within seven days of the Hire Date.

Appears in 3 contracts

Samples: Hire Agreement, Hire Agreement, Hire Agreement

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CANCELLATION BY THE COMPANY. The company may cancel the agreement by written notice in the following circumstances: (1) For any reason described in condition 4 (2) In the event of an accident affecting the safety or navigability of the boat boat (3) for breach of any of the rules set out under Condition 9 (4) for non-payment of any sum due under the booking. The Company is entitled to recover from You any loss which it suffers as a result of cancellation under any of the provisions of Condition 4 or for breach of Condition 9 and it may retain all or part of any payments which you have made as security for such claims. Subject to this if the Company is able to re-re- let the Boat for the Hire Date it will give credit as per clause 5 as a result of such re-letting and shall prepare and submit to You an account of its claim and of any payment which may be due to You or to the Company within seven days of the Hire Date.

Appears in 1 contract

Samples: Hire Agreement

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CANCELLATION BY THE COMPANY. The company may cancel the agreement by written notice in the following circumstances: (1) For any reason described in condition 4 (2) In the event of an accident affecting the safety or navigability of the boat boat (3) for breach of any of the rules set out under Condition 9 (4) for non-payment of any sum due under the booking. The Company is entitled to recover from You any loss which it suffers as a result of cancellation under any of the provisions of Condition 4 or for breach of Condition 9 and it may retain all or part of any payments which you have made as security for such claims. Subject to this if the Company is able to re-let the Boat for the Hire Date it will give credit as per clause 5 as a result of such re-letting and shall prepare and submit to You an account of its claim and of any payment which may be due to You or to the Company within seven days of the Hire Date.

Appears in 1 contract

Samples: Hire Agreement

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