Common use of CONTRACT TERMINATION FEE Clause in Contracts

CONTRACT TERMINATION FEE. In addition to housing payments through the date of Check-Out, Students who cancel their Graduate Village housing application and terminate their contract must pay a contract termination fee unless they cancel for a reason described in Section 9.3. Information regarding the amount of the contract termination fee can be found at xxxxx://xxxxxxx.xxxxxxx.xxx/myhousing- resources. This fee also applies to the University’s termination of this contract due to Student default as described below. The Student and the University acknowledge that, if the Student’s application and contract are cancelled, including termination by the University in the event of Student default, (1) the amount of the University’s losses or damages likely to be incurred is difficult to precisely estimate, and (2) the termination fee bears a reasonable relationship to the losses likely to be incurred.‌

CONTRACT TERMINATION FEE. In addition to housing payments through the date of Check-Out, Students who cancel their Graduate Village housing application and terminate their contract must pay a contract termination fee unless they cancel for a reason described in Section 9.3. Information regarding the amount of the contract termination fee can be found at xxxxx://xxxxxxx.xxxxxxx.xxx/myhousing- resources. This fee also applies to the University’s termination of this contract due to Student default as described below. The Student and the University acknowledge that, if the Student’s application and contract are cancelled, including termination by the University in the event of Student default, (1i) the amount of the University’s losses or damages likely to be incurred is incapable or is difficult to precisely estimate, and (2ii) the termination fee bears a reasonable relationship to the losses likely to be incurred.‌

CONTRACT TERMINATION FEE. ‌ In addition to housing payments through the date of Check-Out, Students who cancel their Graduate Village housing application and terminate their contract must pay a contract termination fee unless they cancel for a reason described in Section 9.3. Information regarding the amount of the contract termination fee can be found at xxxxx://xxxxxxx.xxxxxxx.xxx/myhousing- resources. This fee also applies to the University’s termination of this contract due to Student default as described below. The Student and the University acknowledge that, if the Student’s application and contract are cancelled, including termination by the University in the event of Student default, (1) the amount of the University’s losses or damages likely to be incurred is difficult to precisely estimate, and (2) the termination fee bears a reasonable relationship to the losses likely to be incurred.‌incurred.