Common use of Release of Space Clause in Contracts

Release of Space. 3.1 Should LICENSEE release all or any portion of the LICENSED PREMISES described herein, LICENSEE will forfeit all payment made on the released space, unless the released space is re-booked to another party. After receiving written notice by LICENSEE of its intent to release space, CITY shall place the released space into its inventory and make such space available for booking for another event .

Release of Space. 3.1 Should LICENSEE release all or any portion of the LICENSED PREMISES described herein, LICENSEE will forfeit all payment made on the released space, unless the released space is re-booked to another party. After receiving written notice by LICENSEE of its intent to release space, CITY shall place the released space into its inventory and make such space available for booking for another event event.