Common use of Late Cancellation Clause in Contracts

Late Cancellation. If Customer fails to comply with the requirements set forth in Subsection 2.5(b)(i), GEI shall charge and Customer agrees to pay a restocking fee of fifteen percent (15%) of the price of all Equipment, Services or Software that is canceled, plus all costs incurred by GEI due to GEI's return of (or inability to return) Equipment or Software supplied by third party vendors.

Late Cancellation. If Customer fails to comply with the requirements set forth in Subsection Subparagraph 2.5(b)(i), GEI shall charge and Customer agrees to pay a restocking fee of fifteen percent (15%) of the price of all Equipment, Services services or Software that is canceled, canceled plus all costs incurred by GEI due to GEI's return of (or inability to return) Equipment or Software supplied by third party vendors.