Common use of Cancellations and Withdrawals Clause in Contracts

Cancellations and Withdrawals. 7.1. In the event SLA cancels the Sponsorship Event under clause 4.9 of the Sponsorship Terms, SLA agrees to refund any payment(s) made to SLA (including the Sponsorship Fee) by the Sponsor. 7.2. In the event that the Sponsor withdraws from the Sponsorship Event under clause 5.3. of the Sponsorship Terms, and notice of the withdrawal is received by SLA prior to the date nominated by SLA in the Sponsorship Agreement (or otherwise) for notification of withdrawal, SLA agrees to refund any payment(s) made to SLA (including the Sponsorship Fee) by the Sponsor. 7.3. In the event that the Sponsor withdraws from the Sponsorship Event under clause 5.3. of the Sponsorship Terms, and notice of the withdrawal is received by SLA after the date nominated by SLA in the Sponsorship Agreement (or otherwise) for notification of withdrawal, SLA may charge the Sponsor a reasonable withdrawal fee or retain any Sponsorship Fee already paid (whether paid in part or in full) as a non-refundable withdrawal fee. 7.4. Cancellation or withdrawal by either party for any reason will render these Sponsorship Terms at an end and the Sponsor and SLA will be released and discharged from further performance under these Sponsorship Terms. For the avoidance of doubt, the rights and obligations of the parties accrued prior to cancellation continue to apply. 7.5. The Sponsor agrees that SLA will not be liable for any direct or indirect damages, cost, expense, loss or liability, financially or otherwise, arising in any way out of the cancellation or withdrawal (by either party) from the Sponsorship Event. 7.6. Should the Sponsorship Event be cancelled, the limit for claim for damages and/or compensation by the Sponsor is limited only to the amount of money paid by the Sponsor as the Sponsorship Fee for that particular Sponsorship Event or other activity, less expenses incurred for the Sponsorship Event at the date of cancellation.

Cancellations and Withdrawals. 7.1. In the event SLA the Association cancels the Sponsorship Event under clause 4.9 of the Sponsorship Terms, SLA the Association agrees to refund any payment(s) made to SLA the Association (including the Sponsorship Fee) by the Sponsor. 7.2. In the event that the Sponsor withdraws from the Sponsorship Event under clause 5.3. of the Sponsorship Terms, and notice of the withdrawal is received by SLA the Association prior to the date nominated by SLA the Association in the Sponsorship Agreement (or otherwise) for notification of withdrawal, SLA the Association agrees to refund any payment(s) made to SLA the Association (including the Sponsorship Fee) by the Sponsor. 7.3. In the event that the Sponsor withdraws from the Sponsorship Event under clause 5.3. of the Sponsorship Terms, and notice of the withdrawal is received by SLA the Association after the date nominated by SLA the Association in the Sponsorship Agreement (or otherwise) for notification of withdrawal, SLA the Association may charge the Sponsor a reasonable withdrawal fee or retain any Sponsorship Fee already paid (whether paid in part or in full) as a non-refundable withdrawal fee. 7.4. Cancellation or withdrawal by either party for any reason will render these Sponsorship Terms at an end and the Sponsor and SLA the Association will be released and discharged from further performance under these Sponsorship Terms. For the avoidance of doubt, the rights and obligations of the parties accrued prior to cancellation continue to apply. 7.5. The Sponsor agrees that SLA the Association will not be liable for any direct or indirect damages, cost, expense, loss or liability, financially or otherwise, arising in any way out of the cancellation or withdrawal (by either party) from the Sponsorship Event. 7.6. Should the Sponsorship Event be cancelled, the limit for claim for damages and/or compensation by the Sponsor is limited only to the amount of money paid by the Sponsor as the Sponsorship Fee for that particular Sponsorship Event or other activity, less expenses incurred for the Sponsorship Event at the date of cancellation.