Cancellation Penalties Sample Clauses
The Cancellation Penalties clause defines the financial consequences or fees that a party must pay if they choose to terminate an agreement before its agreed-upon end date. Typically, this clause outlines specific amounts or formulas for calculating penalties, which may vary depending on how much notice is given or the stage of the contract at the time of cancellation. Its core practical function is to deter premature termination and compensate the non-cancelling party for losses or inconveniences resulting from the early end of the agreement.
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Cancellation Penalties. Except for those agreements described on Schedule 4.01(u), there exists no agreements with cancellation penalties of greater than $1,000.00, and prior to Closing Date, Company shall have not entered into new agreements with cancellation penalties of greater than $1,000.00.
Cancellation Penalties. Residents who fail to submit written notification of contract cancellation on or before the stated Cancellation Deadlines (section V.C) will incur the following penalties:
Cancellation Penalties. For classes/services that fail to happen as scheduled, without written notice or with less than 10 business days’ notice, Provider shall be charged a penalty of 50% of the cost of the session. Notice given after 5:00 p.m. on any business day or on a weekend will be considered given at 8:00 a.m. on the next business day (excluding County holidays).
Cancellation Penalties. A. A cancellation penalty will apply if the contract is canceled after the due dates listed under CANCELLATION OR SUSPENSION OF THE CONTRACT, Section VI.
B. A cancellation penalty will apply for a student who has signed a contract and who fails to register for class or who has not advised the Department of Housing and Residence Life in accordance with CANCELLATION OR SUSPENSION OF THE CONTRACT, Section VI.
C. After receiving a key or card access to a room, a cancellation penalty of $200 may apply to the student who withdraws from the University or who is released from the contract.
D. If the student is dismissed from the residence halls for disciplinary reasons, the student will not automatically be released from the financial obligation of this contract. The student may appeal for release from the Housing Contract as outlined under STUDENT APPEALS OF THE HOUSING CONTRACT, Section VI.
Cancellation Penalties. In the event of cancellation within 24 hours of the agreed rental period, a cancellation charge of 100% of the rental fee will apply in consideration of the rental company’s preparing, holding in reserve or sub-‐renting equipment, facilities or vehicles on your behalf. By keeping the rental company informed of any changes to your shooting schedule you can either minimize or avoid cancellation fees.
Cancellation Penalties. Additionally Customer shall reimburse DSM for any out of pocket expenses (raw materials etc.) which are not cancellable.
Cancellation Penalties. The Rental Company shall be entitled to compensation, not to exceed the lease payments, for any losses the Rental Company may sustain because of your cancellation of all or part of an order.
Cancellation Penalties. Vault Rentals shall be entitled to compensation, not to exceed the rental payments, for any losses Vault Rentals may sustain because of Your cancellation of all or part of an order.
Cancellation Penalties lf the PROMOTER fails to comply with his material obligations or to provide any of the material items required by the Producer hereunder and in the Artist's Rider, Technical Rider and Hospitality Rider or if the PROMOTER fails to have permission of the authorities for the concerts or to make any of the payments referred to herein on the exact day and hour specified herein, then in any of such events, and without limitation to the Producer's other available remedies at law or in equity, the Producer shall have no further obligation to fulfil this agreement, and he shall in no event be obliged to repay the PROMOTER any sums theretofore paid by the PROMOTER pursuant to this agreement. The PROMOTER shall remain liable to pay to the Producer any additional compensation herein provided, i.e. the full fee, the hotel, the catering, lunch and dinner, and traveis and Flights. ln case that the PROMOTER cancels any of the concert engagements by other reason than by Act of God oras to Article 5 herein, he shall pay the full amount of the respective guarantee fee (Performance Fee) set forth in this Agreement to the PRODUCER as a penalty for non- fulfilment, and respectively the flights costs if are lost for the engagements herein, while waiving any decrease, right to deduction any compensation whatsoever.
Cancellation Penalties. Cancellation penalties will apply for all bookings cancelled with less than 72 hours notice and charged as follows: No Refund of deposit or additional amounts paid. Any order that is cancelled forfeits its deposit and any additional payments made to Lessor. The Lessor will deem in the situation warrants a credit towards future business and this will be at the Lessors discretion.