Common use of DELAY AND DEFAULT Clause in Contracts

DELAY AND DEFAULT. Seller shall promptly notify Buyer in writing of any anticipated or actual delay, the reasons therefore, and the actions being taken by seller to overcome or minimize the delay. If requested by ▇▇▇▇▇, Seller shall, at Seller’s expense, ship via air or other expedient method of transportation to avoid or minimize the delay to the maximum extent possible. In the event Seller, for any reason, anticipates any difficulty in complying with the required delivery date, or in meeting any of the other requirements of this order, Seller shall promptly notify Buyer in writing, Seller will notify Buyer as soon as ▇▇▇▇▇▇ learns of any change in ownership or control of Sellers products. If such change occurs, Buyer will have unilateral right to terminate this agreement. In the event of any such termination, ▇▇▇▇▇▇ agrees to render full cooperation to Buyer in order to minimize disruption of the Buyer's program. In lieu of terminations, Buyer may require Seller to provide adequate assurance of performance, including, but not limited to the institution of special controls regarding the protection of Buyer's proprietary information.

Appears in 6 contracts

Sources: Purchase Order Agreement, Purchase Order Agreement, Purchase Order Agreement