Cancellation of Contracts. Borrower shall notify Bank in writing of any cancellation of a contract having annual revenues in excess of $250,000.
Cancellation of Contracts. Any contract may be terminated at any time by mutual consent of the instructor and the College.
Cancellation of Contracts. 14.1 Courses other than Summer Session and Distance and Online courses offered through Extended Education
14.1.1. Where a Xxxx, Department Head or administrative equivalent cancels a course other than a Summer Session or Distance and Online course offered through Extended Education which an employee has been appointed to teach, the employee affected shall, effective September 1, 2013, be paid a cancellation fee per course as follows:
(a) if the cancellation occurs between eight (8) and twenty-one (21) calendar days before the first scheduled class, a cancellation fee of six percent (6 %) of the minimum stipend rate for the equivalent of three (3) credit hours, rounded to the nearest dollar.
(b) if the cancellation occurs within seven (7) calendar days of the first scheduled class, a cancellation fee of twelve percent (12%) of the minimum stipend rate for the equivalent of three (3) credit hours, rounded to the nearest dollar.
(c) if the cancellation occurs on or after the first scheduled class, a cancellation fee of eighteen percent (18%) of the minimum stipend for the equivalent of three (3) credit hours, rounded to the nearest dollar.
Cancellation of Contracts. Borrower shall promptly inform Lender if any Contracts are canceled and/or materially modified.
Cancellation of Contracts. Copies of any notices to services providers canceling any contracts which are not to be assumed pursuant to the terms of this Agreement.
Cancellation of Contracts. (New 1992)
Cancellation of Contracts. 15.1 Courses Other than Intersession, Summer Session and Distance Education
15.1.1 Where a xxxx, department head or administrative equivalent cancels a course other than an Intersession, Summer Session or Distance Education course which an employee has been appointed to teach, the employee affected shall be paid a cancellation fee per course as follows:
(i) if the cancellation occurs between eight (8) and twenty-one (21) calendar days before the first scheduled class, a cancellation fee of $275.00;
(ii) if the cancellation occurs within seven (7) calendar days of the first scheduled class, cancellation fee of $525.00; and
(iii) if the cancellation occurs on or after the first scheduled class, a cancellation fee of $775.00.
15.1.2 No cancellation fee shall be paid for cancellations more than twenty-one (21) calendar days in advance of the first scheduled class.
Cancellation of Contracts. Seller shall terminate all Contracts which termination shall be effective prior to or upon the Closing.
Cancellation of Contracts. 14 2.36 Purchase and Sale or Lease Commitments. .......................................................15 2.37 Adequacy and Sufficiency of Purchased Assets. .................................................15 2.38 Year 2000 Compliance...........................................................................15 2.39
Cancellation of Contracts. 16.1 HCC shall be entitled to cancel a Contract with immediate effect at any time by giving written notice to the Service Provider.
16.2 Upon cancellation of a Contract in accordance with the provisions of clauses 16.1 or 18.1(b):
(a) the Service Provider shall immediately discontinue work on the Contract; and
(b) where the Contract has been cancelled in accordance with the provisions of clause 16.1, or in accordance with the provisions of clause 18.1(b) where this Agreement expires (but not where it terminates), the Service Provider shall within a period of twenty one (21) days thereafter submit to HCC its invoice for costs and expenses already incurred pursuant to the Contract at the date of cancellation to the extent to which the same would otherwise be an unavoidable loss to the Service Provider due to HCC’s cancellation PROVIDED ALWAYS THAT:
(i) such costs and expenses shall not be more than the Charges and Pre- Approved Costs and Expenses that would have been payable to the Service Provider under such Contract but for such cancellation; and
(ii) the Service Provider shall take all reasonable steps to mitigate such costs and expenses. HCC shall pay the Service Provider’s invoice submitted in accordance with the provisions of this clause 16.2(b) within thirty (30) days of the date of receipt of the same. Payment of such invoice shall be in full and final settlement of any liability that HCC may have to pay Charges to the Service Provider under or in connection with such Contract and shall be HCC’s only liability to the Service Provider in respect of such cancellation.
