Common use of cancel the Event Clause in Contracts

cancel the Event. 6.2 In the circumstances specified in paragraphs 3.1 the parties agree and acknowledge that the Organiser shall not have any liability to the Sponsor for a refund of the Fees, additional expenses or charges or to make payment for any other loss or damage suffered by the Sponsor. However the Organiser may, in the event of cancellation, grant the Sponsor the opportunity to apply the Fees towards its participation at another event hosted by the Organiser on the same terms as set out in the Agreement.