Common use of PRE-OCCUPANCY TERMINATION/CANCELLATION FEE Clause in Contracts

PRE-OCCUPANCY TERMINATION/CANCELLATION FEE. In the event that the Student cancels this Contract with the authorization of the University prior to taking occupancy of the room, the University shall be put to a certain amount of expense in securing a replacement occupant or reassigning the Student who was previously to be assigned to the room, the precise amount of which is difficult and impracticable to ascertain. Accordingly, the Student agrees that, in the event that the Student cancels this Contract prior to the date on which the term is to commence, the Housing Reservation Deposit will be retained by the University as a "Cancellation Fee." Any such cancellation must be in writing and received by the Housing Office prior to the commencement of the term. If the University authorizes a cancellation of this Contract subsequent to the commencement of the term but prior to the Student taking occupancy of the room, the University shall be entitled to retain, and the Student shall be obligated to pay, as a Cancellation Fee, the Housing Reservation Deposit plus the full amount of the residence fees prorated up to the date upon which the University authorizes such cancellation, including any portion of the Housing Reservation Deposit credited to the Student’s account during the semester in which the cancellation is granted. Failure to make this payment shall constitute a material breach of this Contract, and shall entitle the University to exercise its rights and remedies as set forth in Section “ IV. K." of this Contract. The Student acknowledges that the foregoing Cancellation Fee amounts are reasonable estimates of the additional cost and expenses which the University has to incur in the event of an authorized pre-occupancy cancellation of this Contract by the Student. The Student further acknowledges that the provisions of this paragraph shall not apply to a termination of this Contract by the Student which is not specifically authorized by the University, or billed directly to the Student.

PRE-OCCUPANCY TERMINATION/CANCELLATION FEE. In the event that the Student Resident cancels this Contract with the authorization of the University prior to taking occupancy of the roomPremises, the University shall be put to a certain amount of expense in securing a replacement occupant or reassigning the Student Permitted Occupant who was previously to be assigned to the roomPremises, the precise amount of which is difficult and impracticable to ascertain. Accordingly, the Student Resident agrees that, in the event that the Student Resident cancels this Contract prior to the date on which the term Term is to commencecommence and the University authorizes such cancellation, the Housing Reservation Deposit Confirmation Payment will be retained by the University as a "Cancellation Fee." Any such cancellation must be in writing and received by the USC Housing Office prior to the commencement of the termTerm. If the University authorizes a cancellation of this Contract subsequent to the commencement of the term Term but prior to the Student Resident taking occupancy of the roomPremises, the University shall be entitled to retain, and the Student Resident shall be obligated to pay, as a Cancellation Fee, the Housing Reservation Deposit Confirmation Payment plus the full amount of the residence fees Residence Fees prorated up to the date upon which the University authorizes such cancellation, including any portion of the Housing Reservation Deposit Confirmation Payment credited to the StudentResident’s account during the semester in which the cancellation is granted. Failure to make this payment shall constitute a material breach of this Contract, and shall entitle the University to exercise its rights and remedies as set forth in Section “ IV. K."J" of this Contractbelow. The Student Resident acknowledges that the foregoing Cancellation Fee amounts are reasonable estimates of the additional cost and expenses which the University has to incur in the event of an authorized pre-occupancy cancellation of this Contract by the StudentResident. The Student Resident further acknowledges that the provisions of this paragraph shall not apply to a termination of this Contract by the Student Resident which is not specifically authorized by the University, or billed directly to the StudentResident.

PRE-OCCUPANCY TERMINATION/CANCELLATION FEE. In the event that the Student Resident cancels this Contract with the authorization of the University prior to taking occupancy of the roomPremises, the University shall be put to a certain amount of expense in securing a replacement occupant or reassigning the Student Permitted Occupant who was previously to be assigned to the roomPremises, the precise amount of which is difficult and impracticable to ascertain. Accordingly, the Student Resident agrees that, in the event that the Student Resident cancels this Contract prior to the date on which the term Term is to commencecommence and the University authorizes such cancellation, the Housing Reservation Deposit Confirmation Payment will be retained by the University as a "“Cancellation Fee." ” Any such cancellation must be in writing and received by the USC Housing Office prior to the commencement of the termTerm. If the University authorizes a cancellation of this Contract subsequent to the commencement of the term Term but prior to the Student Resident taking occupancy of the roomPremises, the University shall be entitled to retain, and the Student Resident shall be obligated to pay, as a Cancellation Fee, the Housing Reservation Deposit Confirmation Payment plus the full amount of the residence fees Residence Fees prorated up to the date upon which the University authorizes such cancellation, including any portion of the Housing Reservation Deposit Confirmation Payment credited to the StudentResident’s account during the semester in which the cancellation is granted. Failure to make this payment shall constitute a material breach of this Contract, and shall entitle the University to exercise its rights and remedies as set forth in Section “ IV. K." of this Contract“J” below. The Student Resident acknowledges that the foregoing Cancellation Fee amounts are reasonable estimates of the additional cost and expenses which the University has to incur in the event of an authorized pre-occupancy pre‐occupancy cancellation of this Contract by the StudentResident. The Student Resident further acknowledges that the provisions of this paragraph shall not apply to a termination of this Contract by the Student Resident which is not specifically authorized by the University, or billed directly to the StudentResident.

PRE-OCCUPANCY TERMINATION/CANCELLATION FEE. In the event that the Student Resident cancels this Contract with the authorization of the University prior to taking occupancy of the roomPremises, the University shall be put to a certain amount of expense in securing a replacement occupant or reassigning the Student Permitted Occupant who was previously to be assigned to the roomPremises, the precise amount of which is difficult and impracticable to ascertain. Accordingly, the Student Resident agrees that, in the event that the Student Resident cancels this Contract prior to the date on which the term Term is to commencecommence and the University authorizes such cancellation, the Housing Reservation Deposit Confirmation Payment will be retained by the University as a "“Cancellation Fee." ” Any such cancellation must be in writing and received by the USC Housing Office prior to the commencement of the termTerm. If the University authorizes a cancellation of this Contract subsequent to the commencement of the term Term but prior to the Student Resident taking occupancy of the roomPremises, the University shall be entitled to retain, and the Student Resident shall be obligated to pay, as a Cancellation Fee, the Housing Reservation Deposit Confirmation Payment plus the full amount of the residence fees prorated up to the date upon which the University authorizes such cancellationResidence Fees as set forth in Section “L” below, including any portion of the Housing Reservation Deposit Confirmation Payment credited to the StudentResident’s account during the semester in which the cancellation is granted. Failure to make this payment shall constitute a material breach of this Contract, and shall entitle the University to exercise its rights and remedies as set forth in Section “ IV. K." of this Contract“J” below. The Student Resident acknowledges that the foregoing Cancellation Fee amounts are reasonable estimates of the additional cost and expenses which the University has to incur in the event of an authorized pre-occupancy cancellation of this Contract by the StudentResident. The Student Resident further acknowledges that the provisions of this paragraph shall not apply to a termination of this Contract by the Student Resident which is not specifically authorized by the University, or billed directly to the StudentResident.

PRE-OCCUPANCY TERMINATION/CANCELLATION FEE. In the event that the Student Resident cancels this Contract with the authorization of the University prior to taking occupancy of the roomPremises, the University shall be put to a certain amount of expense in securing a replacement occupant or reassigning the Student Permitted Occupant who was previously to be assigned to the roomPremises, the precise amount of which is difficult and impracticable to ascertain. Accordingly, the Student Resident agrees that, in the event that the Student Resident cancels this Contract prior to the date on which the term Term is to commencecommence and the University authorizes such cancellation, the Housing Reservation Deposit Confirmation Payment will be retained by the University as a "“Cancellation Fee." ” Any such cancellation must be in writing and received by the USC Housing Office prior to the commencement of the termTerm. If the University authorizes a cancellation of this Contract subsequent to the commencement of the term Term but prior to the Student Resident taking occupancy of the roomPremises, the University shall be entitled to retain, and the Student Resident shall be obligated to pay, as a Cancellation Fee, the Housing Reservation Deposit Confirmation Payment plus the full amount of the residence fees prorated up to the date upon which the University authorizes such cancellationResidence Fees as set forth in Section “L” below, including any portion of the Housing Reservation Deposit Confirmation Payment credited to the StudentResident’s account during the semester in which the cancellation is granted. Failure to make this payment shall constitute a material breach of this Contract, and shall entitle the University to exercise its rights and remedies as set forth in Section “ IV. K." of this Contract“J” below. The Student Resident acknowledges that the foregoing Cancellation Fee amounts are reasonable estimates of the additional cost and expenses which the University has to incur in the event of an authorized pre-occupancy pre‐occupancy cancellation of this Contract by the StudentResident. The Student Resident further acknowledges that the provisions of this paragraph shall not apply to a termination of this Contract by the Student Resident which is not specifically authorized by the University, or billed directly to the StudentResident.