Termination Fee Charge Sample Clauses
Termination Fee Charge. A. In the event the Judicial Council terminates this Agreement pursuant to the “Termination Other Than for Cause” provision, as set forth in Exhibit A, the Judicial Council may be charged a Termination Fee, not to exceed the amount specified in Exhibit G.
B. The Contractor shall waive the Termination Fee if the Judicial Council schedules and conducts an alternative program at the Property within one (1) year of termination. If the cost of the alternative program is estimated to be the equivalent of at least eighty-five percent (85%) of the Contract Amount of this Program, the parties agree to replace the Program Dates with the dates of the alternative program; provided, the Judicial Council will reimburse the Contractor at the rates set forth herein for actual costs incurred. In the event an alternative program replaces the Program as defined herein, the terms of this Agreement shall remain in full force and effect.
C. If the Judicial Council terminates all or a portion of this Agreement pursuant to the “Termination Other Than for Cause” provision, as set forth in Exhibit A, the Contractor shall:
i. Use all reasonable efforts to rent the meeting and function rooms during the scheduled Program Dates, as set forth in Exhibit D, Special Provisions for Meeting and Function Rooms; and,
ii. Offset the Termination Fee, payable by the Judicial Council, by the rental charges received by the Contractor for the meeting and function rooms scheduled in Exhibit D, Special Provisions for Meeting and Function Rooms.
Termination Fee Charge. A. The Contractor shall waive the Termination Fee