Each Event reservation is subject to a grace period policy which provides a full refund if such Event reservation is cancelled within 24 hours from the Renter’s receipt of the reservation confirmation but no later than 48 hours prior to the start time of the Event Date. In addition, in respect of each Event reservation, if Renter cancels such Event reservation at least seven (7) days before the Event Date, Renter is entitled to receive 100% of the Rental Fee paid to the Lessor; if Renter cancels the reservation for the Event at least 24 hours but less than seven (7) days before the Event Date, Renter is entitled to receive 50% of the Rental Fee paid to the Lessor; and if Renter cancels the reservation for the Event less than 24 hours before the Event Date, Renter is not entitled to receive any refund of, and Lessor shall be entitled to retain the entire Rental Fee paid by the Renter to the Lessor.
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