Common use of Termination by User Clause in Contracts

Termination by User. i. User may terminate this Agreement without cause upon written notice to NC State up to prior to the Activity. In the event of such notice of termination without cause, NC State shall be entitled to reimbursement of all expenses incurred by NC State prior to its receipt of notice of termination, and the Parties shall have no further obligations to each other. Any amount of the Use Fee already received by NC State exceeding those expenses shall be refunded to User. ii. In the event of termination of this Agreement by User without the prior written notice specified in subsection (i) above, User is obligated to make full payment of the Use Fee, as well as all expenses incurred by NC State prior to its receipt of notice of termination. No refund of the Use Fee or Additional Expenses shall be due.

Appears in 2 contracts

Sources: Facility Use Agreement, Facility Use Agreement