Fee Abatement Sample Clauses
A Fee Abatement clause allows for the reduction or suspension of fees under certain specified circumstances. Typically, this clause applies when a party is unable to perform its obligations due to events such as force majeure, service interruptions, or other disruptions beyond their control. For example, if a service provider cannot deliver agreed services due to a natural disaster, the client may not be required to pay fees for the affected period. The core function of this clause is to ensure fairness by adjusting payment obligations when performance is hindered by unforeseen events, thereby protecting both parties from undue financial burden.
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Fee Abatement. Annual Fees and Gross Receipts Fees may be abated, at the reasonable discretion of DNREC, for the period of repair and restoration in the proportion which the area of the Venue, if any, which is not usable by Vendor bears to the total area of the Venue. Such abatement shall be the sole remedy of Vendor, and except as provided herein, Vendor waives any right to terminate the Agreement by reason of damage or casualty loss.
Fee Abatement. Notwithstanding anything to the contrary contained in this CMSA, from and after the date of the Casualty until substantial completion of the Casualty Restoration, all fees and other charges payable by Vaxcyte under this CMSA shall be abated.
Fee Abatement. Except as otherwise set forth in this Agreement, Developer shall not be entitled to abatement, allowance, diminution, reduction or suspension of any fee or other payments due to County. Except as otherwise provided in this Agreement, no such damage or destruction shall release Developer of or from any other obligation imposed upon Developer under this Agreement.