Common use of Express termination clause Clause in Contracts

Express termination clause. The Purchaser and the Participant acknowledge that the Organiser will have the right to terminate the Contract immediately, with the right to retain, as a penalty, the sums of money already paid by the Purchaser, without prejudice in any case to the right of the Organiser to compensation for any additional damages, and any other right of law, by simple written notice, to be sent by recorded delivery letter with notice of receipt, in which it declares the intention to invoke this clause in accordance with Art. 1456 of the Italian Civil Code, in the following cases: - in the event of a failure to complete and deliver even just one of the documents indicated in Art. 15.1 above or lack of delivery within any term assigned by the Organiser; - in the circumstances envisaged in Art. 16.10; - if the balance of the Total Price is not paid at the set dates.