Common use of Cancellation or Termination Clause in Contracts

Cancellation or Termination. If, because of war, fire, strike, construction or renovation project, government regulation, public catastrophe, an act of terrorism or public enemy, or an Act of God, the Event or any part thereof is prevented from being held, is canceled by CASC or the space becomes unavailable, CASC, in its sole discretion, shall determine and refund to the Sponsor or Exhibitor its proportionate share of the balance of the aggregate Sponsor or Exhibitor fees received which remains after deducting expenses incurred by CASC and reasonable compensation to CASC. In no case shall the amount of the refund to the Sponsor or Exhibitor exceed the amount of the fee paid. CASC reserves the right to cancel any portion of the event as it deems necessary and appropriate. All change and/or changes/cancellations will be communicated to Sponsor or Exhibitor in writing. Cancellation of any portion of the Sponsor or Exhibitor Agreement by the Sponsor or Exhibitor will be accepted only in writing. Sponsor or Exhibitor will remain obligated for 100% of the contracted fees. If, to collect unpaid fees, CASC pursues legal remedies, Sponsor or Exhibitor will pay CASC for all legal and related expenses, court fees, staff times, etc., so incurred.

Appears in 4 contracts

Samples: Sponsorship or Exhibition Agreement, Sponsorship or Exhibition Agreement, Sponsorship or Exhibition Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.