Common use of Cancellation Payment Clause in Contracts

Cancellation Payment. In the event and to the extent of any cancellation by Seller under this clause, Xxxxx's total liability shall be to pay Seller for the terminated Services that have then been performed and for which Seller has not been previously compensated. Seller shall have no claim against Buyer for Services not performed, loss of anticipated profits, or consequential damages suffered by reason of any such termination. Any claims by Seller for compensation under the paragraph entitled "Cancellation" of this clause must be delivered to Buyer within thirty (30) days after Xxxxxx’s receipt of Buyer’s notice of termination. Seller hereby waives, releases, and renounces any claim for compensation not made within this period. In addition, Seller shall promptly remit to Buyer a pro rata refund of Fees pre-paid under any terminated Purchase Order for the remaining balance of the term of such Purchase Order from and after the date of such termination.

Cancellation Payment. In the event and to the extent of any cancellation by Seller under this clause, XxxxxBuyer's total liability shall be to pay Seller for the terminated Services that have then been performed and for which Seller has not been previously compensated. Seller shall have no claim against Buyer for Services not performed, loss of anticipated profits, or consequential damages suffered by reason of any such termination. Any claims by Seller for compensation under the paragraph entitled "Cancellation" of this clause must be delivered to Buyer within thirty (30) days after XxxxxxSeller’s receipt of Buyer’s notice of termination. Seller hereby waives, releases, and renounces any claim for compensation not made within this period. In addition, Seller shall promptly remit to Buyer a pro rata refund of Fees pre-paid under any terminated Purchase Order for the remaining balance of the term of such Purchase Order from and after the date of such termination.