Common use of Consequence of Termination by College Clause in Contracts

Consequence of Termination by College. If the Student fails to timely remedy the breach or violation described in the Notice of Termination, or if the Notice of Termination provides that the Student’s breach or violation is non-curable, the following shall apply: (1) the Student shall vacate the Room and the Residence Hall at the time set by the College; (2) the College shall be entitled to retain (or obtain from the Student if paid in installments) the Student’s Room charges; and (3) the College will assess the Student those damage charges applicable under this Agreement (if any), and post such charges to the Student Account. The Student hereby agrees that the liquidated damages fee noted above covers a portion of the College’s costs resulting from the Student’s failure to fulfill the terms of this Agreement, and that such fee is reasonable and accepted as liquidated damages caused by such circumstances because it is impractical and difficult to determine the exact amount of damage resulting from the Student’s breach or violation.