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: • Regular Events at U.S. Stateside Locations (standard fee of • Premium Events at U.S. Stateside Locations (standard fee of full refund or credit will be issued when the Vendor’s written cancellation notice is received by NCSI at least 30 days prior to the move-in date for premium events. Where the written notice of cancellation is received 29 days or less prior to the event move-in date the Vendor shall not be entitled to any refund or credit and shall pay NCSI liquidated damages equal to 100% of the contracted fee amount. • All Overseas Event Locations (e.g. Germany, Italy, U.K., Africa): A full refund or credit will be issued when the Vendor’s written cancellation notice is received by NCSI at least 45 days prior to the move-in date for all overseas events. Where the written notice of cancellation is received 44 days or less prior to the event move-in date the Vendor shall not be entitled to any refund or credit and shall pay NCSI liquidated damages equal to 100% of the 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, 2021 after which 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: • Regular Events at U.S. Stateside Locations (standard fee Standard Fee of • Premium Events at U.S. Stateside Locations (standard fee Standard Fee of full refund or credit will be issued when the Vendor’s written cancellation notice is received by NCSI at least 30 days prior to the move-in date for premium events. Where the written notice of cancellation is received 29 days or less prior to the event move-in date the Vendor shall not be entitled to any refund or credit and shall pay NCSI liquidated damages equal to 100% of the contracted fee amount. • All Overseas Event Locations (e.g. GermanyEvents at United Kingdom, Italy, U.K., Africa): Germany & Italy Locations: A full refund or credit will be issued when the Vendor’s written cancellation notice is received by NCSI at least 45 days prior to the move-in date for all overseas eventsevents in the United Kingdom, Germany and Italy. Where the written notice of cancellation is received 44 days or less prior to the event move-in date the Vendor shall not be entitled to any refund or credit and shall pay NCSI liquidated damages equal to 100% of the 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, 2021 2018 after which 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: • Regular Events at U.S. Stateside Locations (standard fee Standard Fee of • Premium Events at U.S. Stateside Locations (standard fee Standard Fee of full refund or credit will be issued when the Vendor’s written cancellation notice is received by NCSI at least 30 days prior to the move-in date for premium events. Where the written notice of cancellation is received 29 days or less prior to the event move-in date the Vendor shall not be entitled to any refund or credit and shall pay NCSI liquidated damages equal to 100% of the contracted fee amount. • All Overseas Event Locations (e.g. Germany, Italy, U.K., Africa): A full refund or credit will be issued when the Vendor’s written cancellation notice is received by NCSI at least 45 days prior to the move-in date for all overseas events. Where the written notice of cancellation is received 44 days or less prior to the event move-in date the Vendor shall not be entitled to any refund or credit and shall pay NCSI liquidated damages equal to 100% of the 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, 2021 2019 after which shall be considered fully earned by NCSI and non-refundable.