Common use of Catastrophe Clause in Contracts

Catastrophe. In the event that because of war, fire, strike, government regulation, public catastrophe, act of God, or other cause, the conference or any part thereof is prevented from being held, or is canceled by the OCP Foundation, the OCP Foundation shall determine any refund to a Sponsor after deducting any expenses incurred by the OCP Foundation but in no case shall the amount of the refund to the Sponsor exceed the amount of the fee paid. Should the OCP Foundation choose to pivot to a virtual-only event, Sponsor may either cancel and receive a full refund, or choose to participate in the virtual-only event as a sponsor and be partially refunded to match the adjusted cost for a virtual-only event. The virtual-only adjusted cost of sponsorships can be found here: xxxxx://xxx.xxxxxxxxxxx.xxx/blog/questions-about-the-upcoming-ocp-global-summit

Catastrophe. In the event that because of war, fire, strike, government regulation, public catastrophe, act of God, or other cause, the conference or any part thereof is prevented from being held, or is canceled by the OCP Foundation, the OCP Foundation shall determine any refund to a Sponsor after deducting any expenses incurred by the OCP Foundation but in no case shall the amount of the refund to the Sponsor exceed the amount of the fee paid. Should the OCP Foundation choose chose to pivot to a virtual-only event, Sponsor may either cancel and receive a full refund, or choose chose to participate in the virtual-only event as a sponsor and be partially refunded to match the adjusted cost for a virtual-only event. The virtual-only adjusted cost of sponsorships can be found here: xxxxx://xxx.xxxxxxxxxxx.xxx/blog/questions-about-the-upcoming-ocp-global-summit