Common use of Cancellation or Premature Termination Clause in Contracts

Cancellation or Premature Termination. In the event of cancellation of the charter by the Charterer, for any reason, except as mentioned in Clause 3(c)(iii),after signing this Agreement, all advance payments made up to the date of cancellation will be retained by the Owner, and the Owner reserves the right to refund the said deposits only if he succeeds in letting the Yacht to another Charterer for the same period and under the same conditions. In the event that the Charterer should elect to terminate the charter and deliver the yacht prior to the date designated in this Agreement, the Owner shall not be liable to the return of any proportional part of the hire money.

Cancellation or Premature Termination. In the event of cancellation of the charter by the Charterer, for any reason, except as mentioned in Clause 3(c)(iii),after signing this Agreement, all advance payments made up to the date of cancellation will be retained by the Owner, and the Owner reserves the right to refund the said deposits only if he succeeds in letting the Yacht to another Charterer for the same period and under the same conditions. In the event that the Charterer should elect to terminate the charter and deliver the yacht Yacht prior to the date designated in this Agreement, the Owner shall not be liable to the return of any proportional part of the hire money.

Cancellation or Premature Termination. In the event of cancellation of the charter by the Charterer, for any reason, except as mentioned in Clause 3(c)(iii),after 3(c)(iii), after signing this Agreement, all advance payments made up to the date of cancellation will be retained by the Owner, and the Owner reserves the right to refund the said deposits only if he succeeds in letting the Yacht to another Charterer for the same period and under the same conditions. In the event that the Charterer should elect to terminate the charter and deliver the yacht prior to the date designated in this Agreement, the Owner shall not be liable to the return of any proportional part of the hire money.. Total loss of Yacht