Cancellation Penalty. Should the cancellation referred to in 2 above come into effect before the termination date referred to a penalty equal to the rental of 60 days or until the termination date or until the premises is rented out to a third party, whichever is the shorter, will apply. It is agreed that the 60 day period is a reasonable time for the Lessor to secure a new occupant.
Cancellation Penalty i. A Housing Contract cancelled by either the resident or Owner will incur the corresponding cancellation penalty:
Cancellation Penalty. The cancellation penalty is a percent of the Total Rent and shall increase with each day that the unit is rented by Principal Guest in the Cancellation x days before arrival time period according to the following schedule: Cancellation x days before arrival Cancellation Penalty (Percent of Total Rent) More than 120 days 10% + (5% / (days before arrival booked – 120) * days reserved in this time period) 91-120 days 15% + (0.33% * days reserved in this time period) 61-90 days 25% + (0.83% * days reserved in this time period) 31-60 days 50% + (0.83% * days reserved in this time period) 16-30 days 75% + (1.66% * days reserved in this time period) 15 days or less 100% - no refund. For the avoidance of doubt on how this works, here is two examples:
Cancellation Penalty. Cancellation of the Housing License Agreement and assignment may result in a financial penalty (see Cancellation Release & Termination).
Cancellation Penalty the charge applicable for a Cancelled Order. The Cancellation Penalty amount is as indicated in Seller Center.
Cancellation Penalty. If the Occupant is a natural person and chooses to cancel this Lease prior to the expiry of the initial period for a reason other than a material breach of this Lease by the Lessor, then the following will apply: The Occupant must give the Lessor a least 20 (twenty) business days written notice of such cancellation; The Lessor shall be entitled to recover any loss suffered by the Lessor as a result of such early cancellation of the Lease by charging the Occupant a reasonable cancellation penalty which will be equivalent of not less that 2 (two) months' rental. The Occupant agrees that such a penalty is reasonable, considering the time left until the initial period is due to terminate and the likelihood of the Lessor finding another tenant to replace the Occupant within a reasonable time.
Cancellation Penalty. Full academic year (fall 2022/winter 2023 semesters) Through July 15: No charge July 16 to start of Contract Period: $300 During Contract Period: $300 plus prorated University Housing rate for the Contract Period (Contract Period begins on first day of fall semester classes) Winter 2023 semester During Contract Period: $300 plus prorated University Housing rate for the Contract Period (Contract Period begins on first day of winter semester classes) Summer 2023 semester During Contract Period: $300 plus prorated University Housing rate for the Contract Period (Contract Period begins on first day of summer I semester classes)
Cancellation Penalty. If an Employee is notified of a cancellation of a call within twelve (12) hours of the start of the call, the Employee shall be paid four (4) hours wages at the rate negotiated for the call.
Cancellation Penalty. If Lessee exercises its Cancellation Option, Lessee shall pay Lessor on the effective date of such cancellation an amount to reimburse the Lessor for the unamortized portion of leasing commissions and tenant improvements. Such amount will be amortized based upon a sixty (60) month term at ten percent (10%) interest. Such Cancellation Penalty amounts are broken down as follows:
Cancellation Penalty. 1 Cancellation of this Agreement is not allowed in principle. This is because, at the time when the purchase money is placed in escrow, the Second Party’s partner real estate agent, lawyer, accountant, etc., have already started negotiations and legal and tax investigations, etc., for the realization of the purchase, and cancellation at this point would have a negative impact on the Second Party’s future transactions, and there is a high possibility of serious damage to the Second Party’s credibility. In the event of cancellation, the First Party shall pay the Second Party 35% of the purchase price as a cancellation penalty for this Agreement.
