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, thus Vendor agrees to pay to NCSI the following as liquidated damages, and not as a penalty:
Appears in 4 contracts
Samples: Exhibitor and Sponsorship Agreement, Exhibitor and Sponsorship Agreement, Application and Contract for Exhibitors
