Common use of Cancellation of Space Clause in Contracts

Cancellation of Space. i In the event that an Exhibitor either wishes to cancel his space booking or fails to meet any of the payment obligations(whether to the amounts or dates of payment) detailed on the Exhibition Contract Exhibitor Application Form then the Organizers reserve the right(but without being obliged to do so and without prejudice to any other right or remedy available to the Orgnisers) to apply the following cancellation charges and to reallocate such space: Cancellation occurring Cancellation charge 6 months prior to Exhibition 20% of total contract price 90 days prior to Exhibition 50% of total contract price Less than 90 days prior to Exhibition 100% of total contract price. ii If the Exhibitor wishes to cancel then written notice of such wish must be forwarded to the Organizers by Recorded Delivery Post and any such notice shall be deemed duly served on the day (not being a Saturday or Sunday or public holiday) two days following the date of posting. iii Notwithstanding that the Organizers may resell or reallocate the cancelled booth space ( or the space by which it is reduced pursuant to paragraph 8) after payment of the cancellation charges the Organizers shall be under no obligation to reimburse all or any part of such cancellation charges.