Common use of POSTPONEMENT OR CANCELLATION OF THE EVENT Clause in Contracts

POSTPONEMENT OR CANCELLATION OF THE EVENT. If the Organizer, for any reason whatsoever (including force majeure), is led to postpone or cancel the Event, the following conditions will apply, by way of derogation from the provisions of section 6.1 above. In the absence of reply from the Exhibitor within indicated times limits, the Organizer may freely exercise one of the applicable options. 6.2.1 If the Event is postponed to another date within 4 months of the initial date: After the Organizer announces postponement of the Event, each Exhibitor will have 5 working days in which to make known its decision. - If the Exhibitor accepts the postponement: the Contract is automatically shifted to the new dates of the Event. The contract amount remains due in its entirety, each Party bearing its own costs incurred by the change of date. - If the Exhibitor does not accept the postponement of its participation (for whatever reason, including a case of force majeure), the Exhibitor will have the choice between the two following options: Option 1: the Exhibitor will benefit from a credit note that it can use for a future event organized by the Organizer, which amount shall correspond to the sums already paid by the Exhibitor in execution of the Contract.