In 2nd year, termination without reasonable cause(s) and/or Hotel’s failure to inform 1HotelRez at least 60 days prior to ceasing date will incur a termination fee. The termination fee shall be calculated base on an average monthly commission x number of months left in the contracted period, or a termination fee of USD 2,000 (two thousand US-Dollars) + VAT will be applied (whichever the greater).
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