Common use of CANCELLATION OF THE EVENT Clause in Contracts

CANCELLATION OF THE EVENT. If PPAI cancels the Event or due to circumstances beyond the reasonable control of PPAI (such as acts of God, acts of war, governmental emergency, labor strike, actions by Facility that may be deemed detrimental to the Event, or unavailability of the Facility), PPAI shall refund to each Sponsor its sponsorship payment previously paid, minus a share of costs and expenses incurred, in full satisfaction of all liabilities of PPAI to Sponsor. PPAI reserves the right to cancel, re-name or re-locate the Event or change the dates on which it is held. If PPAI changes the name of the Event, re-locates the Event to another event facility within the same city, or changes the dates for the Event to dates that are not more than 30 days earlier or 30 days later than the dates on which the Event originally was scheduled to be held, no refund will be due to Sponsor, but PPAI shall assign to Sponsor, in lieu of the original sponsorship, such other sponsorship as PPAI deems appropriate and Sponsor agrees to under the terms of this contract. If PPAI elects to cancel the Event other than for a reason previously described in this paragraph, PPAI shall refund to each Sponsor its entire sponsorship payment previously paid, in full satisfaction of all liabilities of PPAI to Sponsor.