Common use of CANCELLATION OF THE EVENT Clause in Contracts

CANCELLATION OF THE EVENT. If IIBEC cancels the Event due to circumstances beyond the reasonable control of IIBEC (such as riot, strike, civil disorder, act of war, act of God, terrorism, epidemic, pandemic, government mandated restrictions, or any cause whatsoever that is not within IIBEC’s reasonable control), IIBEC shall refund to each Exhibitor its exhibit space rental payment previously paid, minus a 25% administrative processing fee, in full satisfaction of all liabilities of IIBEC to Exhibitor. IIBEC reserves the right to cancel, rename or relocate the Event or change the dates on which it is held. If IIBEC changes the name of the Event; relocates the Event to another event facility and/or city or converts the Event to virtual/digital in nature; or changes the dates for the Event to dates that are not more than 90 days prior or 13 months later than the dates on which the Event originally was scheduled to be held, no refund will be due to Exhibitor, but IIBEC shall assign to Exhibitor, in lieu of the original space, such other space as IIBEC deems appropriate and Exhibitor agrees to use such space under the terms of this Contract. If IIBEC elects to cancel the Event other than for a reason previously described in this paragraph, IIBEC shall refund to each Exhibitor its entire exhibit space rental payment previously paid, in full satisfaction of all liabilities of IIBEC to Exhibitor. Exhibitor agrees that, except as expressly provided in this paragraph, it shall and hereby does waive any and all claims for damages or compensation resulting from or relating to the cancellation, renaming, relocation or rescheduling of the Event.

CANCELLATION OF THE EVENT. If IIBEC the Event Organizer cancels the Event due to circumstances beyond the reasonable control of IIBEC the Event Organizer (such as riot, strike, civil disorder, act of war, act of God, Covid, terrorism, epidemic, pandemic, government mandated restrictions, bankruptcy, or any cause whatsoever that is not within IIBECthe Event Organizer’s reasonable control), IIBEC the Event Organizer shall refund to each Sponsor/Exhibitor its exhibit space rental payment previously paid, minus a 25% administrative processing feeshare of costs and expenses incurred by the Event Organizer, in full satisfaction of all liabilities of IIBEC the Event Organizer to Sponosr/Exhibitor. IIBEC The Event Organizer reserves the right to cancel, rename or relocate the Event or change the dates on which it is held. If IIBEC the Event Organizer changes the name of the Event; , relocates the Event to another event facility and/or city or converts the Event to virtual/digital in nature; city, or changes the dates for the Event to dates that are not more than 90 days prior or 13 months later than the dates on which the Event originally was scheduled to be held, no refund will be due to Sponsor/Exhibitor, but IIBEC the Event Organizer shall assign to Sponsor/Exhibitor, in lieu of the original space, such other space as IIBEC the Event Organizer deems appropriate and Exhibitor agrees to use such space under the terms of this ContractAgreement. If IIBEC the Event Organizer elects to cancel the Event other than for a reason previously described in this paragraph, IIBEC the Event Organizer shall refund to each Sponsor/Exhibitor its entire exhibit space rental payment previously paid, in full satisfaction of all liabilities of IIBEC the Event Organizer to Sponsor/Exhibitor. Sponsor/Exhibitor agrees that, except as expressly provided in this paragraph, it shall and hereby does waive any and all claims for damages or compensation resulting from or relating to the cancellation, renaming, relocation or rescheduling of the Event.