as a penalty, a percentage of the Total Anticipated Revenue for Event, plus College’s any applicable state and/or local taxes as required by law, calculated as follows: Percentage of Total Amount of Date of Receipt of Hotel’s Minimum Cancellation Cancellation Notice Damages Owed Anticipated Cost Cancellation between date of signing 10 % of cost = $0.00 and 90 days prior to arrival: Cancellation between 89 days and 30 35 % of cost = $0.00 days: Cancellation between 29 and date of 70 % of cost = $0.00 arrival 5. Attorney fees and costs: Should any party be required to bring legal action against the other to enforce the terms and conditions of this Agreement, the prevailing party will be awarded the costs incurred and expended during any pending litigation, including reasonable attorney's fees. TEACHERS COLLEGE, COLUMBIA UNIVERSITY __________________________________________ BY: DATE: [INSERT FULL NAME OF HOTEL] __________________________________________ BY: DATE:
as a penalty, a percentage of the Total Anticipated Revenue for College’s Event, plus any applicable state and/or local taxes as required by law, calculated as follows: Date of Hotel’s Receipt of Cancellation Notice Percentage of Total Minimum Anticipated Cost Amount of Cancellation Damages Owed Cancellation between date of signing and 90 days prior to arrival: 10 % of cost = $0.00 Cancellation between 89 days and 30 days: 35 % of cost = $0.00 Cancellation between 29 and date of arrival 70 % of cost = $0.00 5. Attorney fees and costs: Should any party be required to bring legal action against the other to enforce the terms and conditions of this Agreement, the prevailing party will be awarded the costs incurred and expended during any pending litigation, including reasonable attorney's fees. TEACHERS COLLEGE, COLUMBIA UNIVERSITY __________________________________________ BY: DATE: [INSERT FULL NAME OF HOTEL] __________________________________________ BY: DATE: