Common use of Term and Fees Clause in Contracts

Term and Fees. a. This Agreement will remain in effect unless terminated by one or more written documents executed by both Owner and Company. b. This Agreement and the Company’s exclusive authority to accept reservations on behalf of Owner may be terminated upon 60 days written notice from one party to the other delivered personally or by First Class United States mail. The 60 day notice period shall commence on the day such notice is received by the Company. Cancellation of this Agreement shall terminate the Company’s authority to accept future reservations for the Premises, and the Company will use its best efforts to transfer any confirmed reservations to other accommodations subsequent to the 60-day period. However, the Owner shall be responsible for any expense incurred by the Company as a result of the Owner’s failure to honor confirmed reservations beyond the 60-day period. c. Exhibits attached hereto are subject to modification at the Company’s discretion. Notice of changes shall be made by the Company to the Owner in writing at least 60 days prior to becoming effective. For purposes of items such as promotional usage and administrative fees, the occupancy year shall be construed to begin on May 1st or the date of execution thereof and shall end on the following April 30th for each year during the term thereof.

Term and Fees. a. This Agreement will remain in effect unless terminated by one or more written documents executed by both Owner and Company. b. This Agreement and the Company’s ’ s exclusive authority to accept reservations on behalf of Owner may be terminated upon 60 days written notice from one party to the other delivered personally or by First Class United States mail. The 60 day notice period shall commence on the day such notice is received by the Company. Cancellation of this Agreement shall terminate the Company’s ’ s authority to accept future reservations for the Premises, and the Company will use its best efforts to transfer any confirmed reservations to other accommodations subsequent to the 60-day period. However, the Owner shall be responsible for any expense incurred by the Company as a result of the Owner’s ’ s failure to honor confirmed reservations beyond the 60-day period. c. Exhibits attached hereto are subject to modification at the Company’s ’ s discretion. Notice of changes shall be made by the Company to the Owner in writing at least 60 days prior to becoming effective. For purposes of items such as promotional usage and administrative fees, the occupancy year shall be construed to begin on May 1st or the date of execution thereof and shall end on the following April 30th for each year during the term thereof.