WITHDRAWAL, CANCELLATION, REDUCTION, REFUNDS

Any withdrawal of Application for exhibit space, cancellation of exhibit space or reduction in size of exhibit space must be made in writing to Exposition Management. The date that Exposition Management receives such written notice shall be the effective date. Exposition Management reserves the right to treat any request for reduction in size of exhibit space as a cancellation of the original exhibit space and purchase of new exhibit space, and Exposition Management may require Exhibitor to move to a new location if it requests a reduction in exhibit space size. Exhibitor specifically recognizes and acknowledges that Exposition Management will be harmed if Exhibitor withdraws its Application, or reduces the size of/cancels its exhibit space.

On or before JUNE 15, 2021, if Exhibitor withdraws its Application for exhibit space prior to Exposition Management’s issuance of confirmation and invoice or reduces or cancels its exhibit space, the amount of deposit paid by Exhibitor shall be returned, less the nonrefundable portion of the deposit (25% of the total cost of the exhibit space).

After JUNE 15, 2021, if Exhibitor fails to make payment as required by this Contract, withdraws its Application, or reduces or cancels its exhibit space, it shall forfeit all monies paid and all rights in and to the use of any contracted exhibit space. In such case, Exhibitor shall have no right to a listing in the Official Exhibit Guide, exhibitor badges, or exhibitor hotel rooms. Exposition Management shall have the right to dispose of the released space in such way as it may consider in its interests (including re-sale of such exhibit space) without any liability on the part of Exposition Management.

ANY WITHDRAWAL, REDUCTION OR CANCELLATION MADE ON OR BEFORE JUNE 15, 2021 WILL BE SUBJECT TO THE NONREFUNDABLE PORTION OF THE DEPOSIT (25% OF THE TOTAL COST OF THE EXHIBIT SPACE). IF EXHIBITOR WITHDRAWS, REDUCES OR CANCELS AFTER JUNE 15, 2021, THERE WILL BE NO REFUNDS WHATSOEVER. These amounts are agreed to be liquidated damages to compensate for the harm NAHB will suffer due to Exhibitor’s withdrawal, reduction/cancellation and are not a penalty.

ANY WITHDRAWAL, REDUCTION OR CANCELLATION MADE AFTER OCTOBER 1, 2021 shall be considered a default on EXHIBITOR’s part, and EXHIBITOR shall remain liable for, and shall pay to Exposition Management, the total cost of the exhibit space (including any balance due). These amounts are agreed to be liquidated damages to compensate for the harm NAHB will suffer due to Exhibitor’s withdrawal, reduction or cancellation and are not a penalty.

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