C ustomer Default Clause Samples

C ustomer Default. If Customer fails to perform any obligation, MKG may cancel or suspend further deliveries or terminate the Order and Agreement without affecting any contractual, legal, or equitable rights or remedies that MKG may have. Without limiting its remedies, MKG will be entitled to cancellation charges for finished Goods and work in process, which it commenced to reasonably meet the delivery schedule, as well as to quantity price adjustments reflecting volume pricing quoted for quantities ordered but cancelled due to Customer's default, and all costs, direct and indirect, incurred or committed, plus prorated anticipated profits. Continued shipment of Goods after Customer's default will not constitute a waiver of MKG rights or remedies.