Non-Cancelable Orders Clause Samples

A Non-Cancelable Orders clause establishes that once an order is placed, it cannot be canceled or modified by the buyer. In practice, this means that the buyer is fully committed to purchasing the goods or services specified in the order, regardless of any subsequent changes in circumstances or needs. This clause is commonly used in industries where products are custom-made or require significant upfront investment by the seller. Its core function is to protect the seller from financial loss due to last-minute cancellations, ensuring stability and predictability in production and supply chains.
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Non-Cancelable Orders. If OEM submits non-cancelable Orders for a Product that is scheduled to be changed before the date on which that change is scheduled to become effective, and those Orders specify delivery within * * * after that effective date, SSI will use reasonable efforts to fill those orders.
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Non-Cancelable Orders. RED intends to purchase * million units of the Products from CloudMinds. RED acknowledges that CloudMinds’ commitment to Product development, competitive pricing and cost transparency may include costs of R&D (exclusive ID), IPR, Certifications for open market, Materials Purchases and Manufacturing. RED therefore agrees that orders for at least * units in the First Year (“Non-Cancelable Orders”) are necessary to support such development costs. If RED does not meet the Non-Cancelable Orders quantity in the First Year, then the total amount owed by RED for the First Year will include Supplemental NRE payments as described in Section 4.6.3. To be clear, RED is under no binding obligation to purchase any units beyond the agreed Non- Cancellable Orders..
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Non-Cancelable Orders. Accepted orders for Products are non-cancelable, non- returnable, and non-refundable.
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Related to Non-Cancelable Orders

  • Complete Agreement; Modifications This Agreement and any documents referred to herein or executed contemporaneously herewith constitute the parties’ entire agreement with respect to the subject matter hereof and supersede all agreements, representations, warranties, statements, promises and understandings, whether oral or written, with respect to the subject matter hereof. This Agreement may be amended, altered or modified only by a writing signed by the Company and the Holders of a majority of the Registrable Securities then outstanding.

  • Complete Agreement; Modification This Agreement sets forth the entire agreement of the parties with respect to the subject matter hereof, and supersedes any previous oral or written communications, negotiations, representations, understandings, or agreements between them. Any modification of this Agreement shall be effective only if set forth in a written document signed by you and a duly authorized officer of the Company.

  • Prior Contracts This Contract supersedes and terminates, as of the date hereof, all prior contracts between the Fund and the Custodian relating to the custody of the Fund's assets.

  • Change Orders Any alteration or deviation from the Services mentioned or any other contractual specifications that result in a revision of this Agreement shall be executed and attached to this Agreement as a change order (“Change Order”).

  • Major Contracts Neither INT'▇.▇▇▇ nor any Material INT'▇.▇▇▇ Subsidiary is a party to or subject to: (a) Any union contract, or any employment contract or arrangement in effect (other than "at-will" employment arrangements) providing for future compensation, written or oral, with any officer, consultant, director, or employee; (b) Any plan or contract or arrangement, written or oral, providing for non-standard bonuses, pensions, deferred compensation, retirement payments, profit-sharing or the like; (c) Any joint venture contract or arrangement or any other agreement which has involved or is expected to involve a sharing of profits; (d) Any OEM agreement, reseller or distribution agreement, volume purchase agreement, corporate end user sales or service agreement, reproduction or replication agreement or manufacturing agreement in which the amount involved exceeds annually, or is expected to exceed in the aggregate over the life of the contract, $50,000 or pursuant to which INT'▇.▇▇▇ has granted or received manufacturing rights, most favored nation pricing provisions, or exclusive marketing, production, publishing or distribution rights related to any product, group of products or territory; (e) Any agreement, license, franchise, permit, indenture, or authorization which has not been terminated or performed in its entirety and not renewed which may be, by its terms, terminated, impaired, or adversely affected by reason of the execution of this Agreement and all other agreements contemplated hereby, the consummation of the Merger, or the consummation of the transactions contemplated hereby or thereby; (f) Except for trade indebtedness incurred in the ordinary course of business, any instrument evidencing or related in any way to indebtedness incurred in the acquisition of companies or other entities or indebtedness for borrowed money by way of direct loan, sale of debt securities, purchase money obligation, conditional sale, guarantee, or otherwise which individually is in the amount of $50,000 or more; (g) Any license agreement in effect, either as licensor or licensee (excluding nonexclusive hardware and software licenses granted to distributors or end-users and commercially available in-licensed software applications); (h) Any contract or agreement containing covenants purporting to limit INT'▇.▇▇▇'s or the Material INT'▇.▇▇▇ Subsidiaries' freedom to compete in any line of business in any geographic area; or (i) Any contract or agreement not elsewhere specifically disclosed pursuant to this Agreement, involving the payment or receipt by INT'▇.▇▇▇ of more than $250,000 in the aggregate. For purposes of this Section 3.14, a contract, agreement or arrangement shall be considered "in effect" if INT'▇.▇▇▇ or any Material Subsidiary shall have any obligations or liabilities pursuant to such contract, agreement or arrangement. All contracts, arrangements, plans, agreements, leases, licenses, franchises, permits, indentures, authorizations, instruments and other commitments which are listed in the INT'▇.▇▇▇ Disclosure Schedule pursuant to this Section 3.14 are valid and in full force and effect and neither INT'▇.▇▇▇ nor any Material INT'▇.▇▇▇ Subsidiary has, nor, to the knowledge of INT'▇.▇▇▇ and the Material INT'▇.▇▇▇ Subsidiaries, has any other party thereto, breached any material provisions of, or entered into default in any material respect under the terms thereof. INT'▇.▇▇▇ has delivered to Parent copies of the contracts or agreements, and descriptions of any verbal agreements or arrangements, referred to in this Section 3.14 as in effect on the Prior Agreement Date.