Common use of EXHIBITOR DEFAULT Clause in Contracts

EXHIBITOR DEFAULT. If Exhibitor is in default of any obligation to AI (including specifically failure to pay AI within 30 days of invoice), AI may terminate Exhibitor’s right under this contract to participate in the Show. If AI elects to exercise such right of termination, it shall first give Exhibitor written notice stating its intent to terminate and the action that Exhibitor must take to avoid termination. If Exhibitor fails to cure the default within 10 days of the date of notice from AI, Exhibitor shall have no further right to participate in the Show. AI’s liability to return any amounts paid by Exhibitor under this contract will be limited as set forth in paragraph 13 above. Furthermore, AI may retain any amount that would otherwise be returned by Exhibitor and ap- ply such retained amount to satisfy the liability to AI for which Exhibitor is in default.

EXHIBITOR DEFAULT. If Exhibitor is in default of any obligation to AI (including specifically failure to pay AI within 30 days of invoice), AI may terminate Exhibitor’s right under this contract to participate in the Show. If AI elects to exercise such right of termination, it shall first give Exhibitor written notice stating its intent to terminate and the action that Exhibitor must take to avoid termination. If Exhibitor fails to cure the default within 10 days of the date of notice from AI, Exhibitor shall have no further right to participate in the Show. AI’s liability to return any amounts paid by Exhibitor under this contract will be limited as set forth in paragraph 13 14 above. Furthermore, AI may retain any amount that would otherwise be returned by Exhibitor and ap- ply apply such retained amount to satisfy the liability to AI for which Exhibitor is in default.