Common use of Production Halts Requested by Buyer Clause in Contracts

Production Halts Requested by Buyer. 4.4.1 Upon receipt of Buyer’s written Stop Request, Seller will immediately stop shipment and manufacturing of Products which are subject to a suspected failure to meet the criteria specified in such Products’ Acceptance Criteria. If Seller is responsible for such failure, and for as long as Seller is not able to correct the matter, then (i) Buyer may reject non-conforming Products, and, (ii) Buyer may, without penalty (including loss of capacity), cancel any then-pending purchase order(s) for such Products. Such a notice of cancellation shall be effective on receipt by Seller.

Appears in 4 contracts

Samples: Foundry Agreement, Foundry Agreement (Pixelplus Co., Ltd.), Foundry Agreement (Pixelplus Co., Ltd.)

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