Common use of Cancellation of Orders Clause in Contracts

Cancellation of Orders. Distributor may cancel any order (or any part thereof) for Equipment by giving IDSI written notice of such cancellation at least 15 days prior to the shipping date. If Distributor cancels an order for Equipment (or any part thereof), Distributor will be subject to a charge based upon the purchase price relating to the Equipment so affected as set forth on Exhibit B attached hereto. In the event of such cancellation, Distributor will have no rights in partially completed goods.

Cancellation of Orders. Distributor may cancel any order (or any part thereof) for Equipment by giving IDSI written notice of such cancellation at least 15 91 days prior to the shipping date. If Distributor cancels an order for Equipment (or any part thereof)is cancelled, the charge to the Distributor will be subject to a charge based upon is 15% of the amount of the purchase price relating to the Equipment so affected as set forth on Exhibit B attached hereto. In the event of such cancellation, Distributor will have no rights in partially completed goodsorder.