Cancellation

The Meeting Group acknowledges that canceling the event would harm the Property, and exact damages are difficult to calculate. The following represents an effort by both parties to establish damages in case of cancellation. The schedule shall represent liquidated damages:
Notice of Cancellation: From signing of this agreement to event date
Liquidated Damages: One hundred percent (100%) of the anticipated revenue as described in this Agreement
For this agreement, the anticipated revenues refer to the total room revenue (room nights multiplied by Meeting Group’s Guest room rate), food and beverage minimum, and meeting room rental (if applicable) that Property would have earned if the meeting occurred as scheduled.
This meeting cannot be canceled solely to hold it at another facility or city.
Cancellation is effective upon receipt of written notice. If a meeting is postponed, it is treated as a cancellation. The Property will try to recover the lost suite revenue, function space fees, and food and beverage revenue resulting from the cancellation. The cancellation fee is due within 30 days. The Property will provide proof of amounts due within 30 days of the departure date if the entire program is replaced. 
Any difference in revenue earned from the resale of suites, function space, and food and beverage as required by the Meeting Group’s program, or any actual costs incurred by the Property, will be retained by the Property.
This Agreement may be terminated or revised due to acts of God, war, disease outbreaks, terrorism, government regulation, disasters, strikes, civil disorder, or other emergencies in New York or the attendees' origin countries/states that prevent or delay over 25% of attendees. Termination or revision requires written notice by either party.