Common use of CANCELLATION BY VENDOR Clause in Contracts

CANCELLATION BY VENDOR. All cancellations must be in writing (no exceptions) and shall become effective when received by NCSI. Both Vendor and NCSI acknowledge that NCSI will sustain substantial losses if the Vendor cancels any event(s) covered by this contract. Even though NCSI will exercise its best efforts to mitigate the damages associated with the Vendor’s cancellation, the parties agree that NCSI will nevertheless incur substantial losses that cannot be precisely determined and in such event Vendor agrees to pay to NCSI the following as liquidated damages, and not as a penalty: At the Vendor’s option, NCSI will issue a full refund or credit when the Vendor’s written cancellation notice is received by NCSI at least 15 days prior to the start date for all virtual, on-site and/or in-agency events scheduled to occur between January 1, 2021 and December 31, 2021. Credit card refunds shall be subject to a 3% administrative processing fee. Where the written notice of cancellation is received 14 days or less prior to the event start date the Vendor shall not be entitled to any refund or credit and shall immediately pay NCSI liquidated damages equal to 100% of the event contracted fee amount. Cancellations will void / negate related discounts, including multi-event or series discounts and Vendor will be invoiced for the difference. Liquidated damages retained and/or collected by NCSI, including credit card payments, shall be considered fully earned by NCSI and non-refundable. Credits left on account shall be remain valid until December 31, 2022 after which shall be considered fully earned by NCSI and non-refundable.

CANCELLATION BY VENDOR. All cancellations and refund requests must be in writing (no exceptions) and shall become effective when received by NCSI. Both the Vendor and NCSI acknowledge that NCSI will sustain substantial losses if the Vendor cancels any event(s) covered by this contract. Even though NCSI will exercise its best efforts to mitigate the damages associated with the Vendor’s cancellation, the parties agree that NCSI will nevertheless incur substantial losses that cannot be precisely determined determined. Accordingly, Xxxxxx agrees to waive all related future claims and in such event Vendor agrees to pay to NCSI the following fee as liquidated damages, and not as a penalty: At • Vendor may cancel without fee provided written notice is received by NCSI by November 4, 2020. • Vendor agrees to pay a non-refundable fee of 50% of the Vendor’s option, NCSI will issue a full refund or credit total contracted amount when the Vendor’s written cancellation notice is received by NCSI at least 15 days prior between November 5, 2020 and November 19, 2020. • Vendor agrees to the start date for all virtual, onpay a non-site and/or in-agency events scheduled to occur between January 1, 2021 and December 31, 2021. Credit card refunds shall be subject to a 3% administrative processing fee. Where the written notice refundable fee of cancellation is received 14 days or less prior to the event start date the Vendor shall not be entitled to any refund or credit and shall immediately pay NCSI liquidated damages equal to 100% of the event total contracted fee amount. Cancellations will void / negate related discountsamount when written cancellation notice is received by NCSI on or after November 20, including multi-event or series discounts and Vendor will be invoiced for the difference2020. Liquidated damages retained and/or collected by NCSI, including credit card payments, shall be considered fully earned by NCSI and non-refundable. Credits Unused credit left on account shall be remain valid until expire on December 31, 2022 after 2021 at which time shall be considered fully earned by NCSI and non-refundable.

CANCELLATION BY VENDOR. All cancellations must be in writing (no exceptions) and shall become effective when received by NCSI. Both Vendor and NCSI acknowledge that NCSI will sustain substantial losses if the Vendor cancels any event(s) covered by this contract. Even though NCSI will exercise its best efforts to mitigate the damages associated with the Vendor’s cancellation, the parties agree that NCSI will nevertheless incur substantial losses that cannot be precisely determined and in such event Vendor agrees to pay to NCSI the following as liquidated damages, and not as a penalty: At the Vendor’s option, NCSI will issue a full refund or credit when the Vendor’s written cancellation notice is received by NCSI at least 15 days prior to the start move-in date for all virtual, on-site and/or onsite and in-agency events scheduled to occur between January April 1, 2021 2020 and December 31, 20212020. Credit card refunds shall be subject to a 3% administrative processing fee. Where the written notice of cancellation is received 14 days or less prior to the event start move- in date the Vendor shall not be entitled to any refund or credit and shall immediately pay NCSI liquidated damages equal to 100% of the event contracted fee amount. Cancellations will void / negate related discounts, including multi-event or series discounts and Vendor will be invoiced for the difference. Liquidated damages retained and/or collected by NCSI, including credit card payments, shall be considered fully earned by NCSI and non-refundable. Credits left on account shall be remain valid until December 31, 2022 2021 after which shall be considered fully earned by NCSI and non-refundable.

CANCELLATION BY VENDOR. All cancellations and refund requests must be in writing (no exceptions) and shall become effective when received by NCSI. Both the Vendor and NCSI acknowledge that NCSI will sustain substantial losses if the Vendor cancels any event(s) covered by this contract. Even though NCSI will exercise its best efforts to mitigate the damages associated with the Vendor’s cancellation, the parties agree that NCSI will nevertheless incur substantial losses that cannot be precisely determined determined. Accordingly, Xxxxxx agrees to waive all related future claims and in such event Vendor agrees to pay to NCSI the following fee as liquidated damages, and not as a penalty: At • Vendor may cancel without fee provided written notice is received by NCSI by October 10, 2020. • Vendor agrees to pay a non-refundable fee of 50% of the Vendor’s option, NCSI will issue a full refund or credit total contracted amount when the Vendor’s written cancellation notice is received by NCSI at least 15 days prior between October 11, 2020 and October 25, 2020. • Vendor agrees to the start date for all virtual, onpay a non-site and/or in-agency events scheduled to occur between January 1, 2021 and December 31, 2021. Credit card refunds shall be subject to a 3% administrative processing fee. Where the written notice refundable fee of cancellation is received 14 days or less prior to the event start date the Vendor shall not be entitled to any refund or credit and shall immediately pay NCSI liquidated damages equal to 100% of the event total contracted fee amount. Cancellations will void / negate related discountsamount when written cancellation notice is received by NCSI on or after October 26, including multi-event or series discounts and Vendor will be invoiced for the difference2020. Liquidated damages retained and/or collected by NCSI, including credit card payments, shall be considered fully earned by NCSI and non-refundable. Credits Unused credit left on account shall be remain valid until expire on December 31, 2022 after 2021 at which time shall be considered fully earned by NCSI and non-refundable.