Termination by HOTEL Sample Clauses
The 'Termination by HOTEL' clause grants the hotel the right to end the agreement under specified circumstances. Typically, this clause outlines the conditions under which the hotel may terminate, such as non-payment by the guest, violation of hotel policies, or unforeseen events that make fulfilling the contract impossible. Its core practical function is to provide the hotel with a clear legal mechanism to protect its interests and manage risk if the guest fails to meet obligations or if continuing the agreement becomes impractical.
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Termination by HOTEL. Upon the occurrence of an Event of Default (as hereinafter defined) by THISCO and the failure of THISCO to cure such default after notice and opportunity to cure as provided by Section 6.3 hereof, HOTEL may terminate this Agreement at any time within 30 days after the expiration of the cure period provided in Section 6.3.
Termination by HOTEL. Upon the occurrence of an Event of Default (as hereinafter defined) by THISCO and the failure of THISCO to cure such default after notice and opportunity to cure as provided by Section 6.3 hereof, HOTEL may terminate this Agreement at any time following the expiration of the cure period provided in Section 6.3. In addition, after the first year of this Agreement, HOTEL may terminate this Agreement at any time, regardless of default, upon payment to THISCO of a termination fee of $50,000.00 and the payment of any other amounts owing pursuant to this Agreement.
Termination by HOTEL. If Hotel terminates this agreement, the University may require Hotel to honor events booked during the term of this agreement that would occur after the termination date.
Termination by HOTEL. Upon the occurrence of an Event of Default (as hereinafter defined) by THISCO and the failure of THISCO to cure such default after notice and opportunity to cure as provided by Section 6.3 hereof, HOTEL may terminate this *Confidential Treatment Requested