Common use of Termination and Postponement Clause in Contracts

Termination and Postponement. (i) The Company shall be entitled to terminate the Agreement without liability (or obligation to refund the Fees) to the Exhibitor if: the Exhibitor commits a material breach of any of its obligations under the Agreement; or the Exhibitor ceases or threatens to cease to carry on business or is unable to meet its debts as they fall due; or the Company is unable to hold the Conference as planned due to an event outside of its reasonable control (e.g. fire, flood, pandemic and/or enforced Government closure/lockdown”). The Company shall be entitled to terminate the Agreement without liability to the Exhibitor for any other reason but in such circumstances would refund the Fees (less all expenses) to the Exhibitor. (ii) Without prejudice to the provisions of paragraph 7(i), in the event of the Conference Venue being or becoming unavailable or unsuitable for the holding of the Conference, the Company may (at its sole discretion) rearrange the Conference (which may be at an alternative Venue) without incurring any liability to the Exhibitor, in which case the Agreement shall remain binding upon all parties but be deemed to be varied so as reflect the rearrangements.