Refund on Termination Sample Clauses
The 'Refund on Termination' clause outlines the conditions under which a party is entitled to receive a refund if the contract is ended before its natural expiration. Typically, this clause specifies what payments are refundable, such as unused service fees or prepaid amounts, and may detail the process and timeline for issuing the refund. Its core function is to provide financial clarity and fairness by ensuring that parties are not unduly penalized or left out of pocket when a contract is terminated early.
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Refund on Termination. (a) If the Exhibitor terminates this agreement under section 10.2 before the Final Payment Date and if we are able to license the Display Space to another exhibitor on terms reasonably acceptable to us, we will refund all fees paid by the Exhibitor (except the Application Fee and after we deduct a cancellation fee (if any) as set out in the General Information).
(b) We will refund all fees paid by the Exhibitor (except the Application Fee) if:
(i) the Exhibitor terminates this agreement under section 10.2 within 7 days after we notify the Exhibitor of a material change to this agreement, the Display Space or the Exhibition due to circumstances within our reasonable control and the change is adverse to the Exhibitor;
(ii) we cancel the Exhibition under section 5.6 due to circumstances within our reasonable control; or
(iii) we terminate this agreement under section 10.3(b).
(c) Except as set out in sections 2.3(b), 3.4(a) and 3.4(b), fees paid by the Exhibitor are not refundable.
Refund on Termination. If either party terminates this Agreement, the Customer will be eligible for a refund equal to the prorated amount of any pre-paid fees for the Term.
Refund on Termination. (a) The Upfront Royalty is compensation for Licensee's agreement to enter into this Agreement and is not compensation to Licensee for any other commitment of Licensee. In the event that a refund to Clearwire of the whole or any portion of the Upfront Royalty is required, it shall be repaid to Clearwire without interest. Except to the extent expressly required by this Section 2(b), in no event shall Licensee be required to return or refund any portion or the whole of the Upfront Royalty notwithstanding any termination of this Agreement and this Section 2(b) shall survive the termination of this Agreement.
(b) If this Agreement is terminated pursuant to Section 11(f), Licensee shall promptly thereafter return to Clearwire the lesser of (i) ______________________________________________________(32) and (ii) the difference between _________________________(33) and the product of (X) the number of months and partial months (expressed as a decimal) between the first anniversary of the Effective Date and the date such termination notice is delivered, (Y) [***] and (Z) the full amount of the Upfront Royalty Deposit.
(c) If this Agreement is terminated pursuant to Section 11(g), Licensee shall refund to Clearwire that portion of the Upfront Royalty that has been paid to Licensee for application with respect to this Agreement that is equal to the product of the Upfront Royalty and the fraction having as its numerator the number of days between the date of such termination and July 31, 2036 and having as its denominator the total of number of days between the Effective Date and July 31, 2036. ---------- (30) Insert amount that is [***] of the Cash Upfront Royalty as determined from Schedule A of Master Agreement.
Refund on Termination. A. The Upfront Royalty is compensation for Licensee's agreement to enter into this Agreement and is not compensation to Licensee for any other commitment of Licensee. In the event that a refund to Clearwire of the whole or any portion of the Upfront Royalty is required, it shall be repaid to Clearwire without interest. Except to the extent expressly required by this Section 2(a), in no event shall Licensee be required to return or refund any portion or the whole of the Upfront Royalty notwithstanding any termination of this Agreement and this Section 2(a) shall survive the termination of this Agreement.
B. If this Agreement is terminated pursuant to Section 1l(f), Licensee shall promptly thereafter return to Clearwire the lesser of (i) _____________________________(8) and (ii)
Refund on Termination. In the event of termination of this Agreement as a result of any breach or default by A▇▇▇▇▇, CLIENT shall be entitled to [***].
Refund on Termination a. The Upfront Royalty is compensation for Licensee's agreement to enter into this Agreement and is not compensation to Licensee for any other commitment of Licensee. In the event that a refund of the whole or any portion of the Upfront Royalty is required, it shall be repaid to Clearwire without interest. Except to the extent expressly required by this Section 2(b), in no event shall Licensee be required to return or refund any portion or the whole of the Upfront Royalty notwithstanding any termination of this Agreement and this Section 2(b) shall survive the termination of this Agreement. [*** Confidential Treatment Requested] RIDER B:
Refund on Termination. If Purchaser elects to terminate this contract under Section 11(c) of this contract, Purchaser shall be reimbursed for any advance payments made for geoducks not yet harvested, exclusive of the Bonus Bid. If Purchaser elects to terminate, a portion of the Bonus Bid will be reimbursed based upon the percentage of the Harvest Ceiling Purchaser has not harvested. The Bonus Bid reimbursement shall be the dollar amount of the Bonus Bid divided by the total poundage of geoduck in the Harvest Ceiling and multiplied by the poundage of geoduck in the Harvest Ceiling that Purchaser has not harvested. The refund provided under this subclause 11(c)(1) shall be subject to the Maximum Refund Total provided in Section 11(e) of this contract.