Common use of Program Termination Clause in Contracts

Program Termination. The parties acknowledge and agree that Boeing may, in its sole discretion, terminate any model of Program Airplane or Derivative from this Agreement including any Order issued hereunder, by written notice to Seller, if Boeing does not initiate or terminates production of such model of Program Airplane or Derivative involving the Product, by reason of Boeing's determination that there is insufficient business basis for proceeding with such model of Program Airplane or Derivative. In the event of such a termination, Boeing shall have no liability to Seller except as expressly provided in GTA Section 25.2 below.

Appears in 1 contract

Samples: General Terms Agreement (Spirit AeroSystems Holdings, Inc.)

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Program Termination. The parties acknowledge and agree that Boeing may, in its sole discretion, terminate any model all or part of Program Airplane or Derivative from this Agreement Agreement, including any Order issued hereunder, by written notice to Seller, if Boeing does decides not to initiate or terminates continue production of such model of Program Airplane or Derivative involving the Producta Boeing Model Airplane, by reason of Boeing's determination that there is insufficient business basis for proceeding with such model of Program Airplane or DerivativeAirplane. In the event of such a termination, Boeing shall have no liability to Seller except as expressly provided in GTA Section 25.2 below.

Appears in 1 contract

Samples: General Terms Agreement (Pacific Aerospace & Electronics Inc)

Program Termination. The parties acknowledge and agree that Boeing may, in its sole discretion, terminate any model all or part of Program Airplane or Derivative from this Agreement Agreement, including any Order issued hereunder, by written notice to Seller, if Boeing does decides not to initiate or terminates continue production of such model of Program Airplane or Derivative involving the Productprogram which the Product supports, by reason of Boeing's determination that there is insufficient business basis for proceeding with such model of Program Airplane or Derivativeprogram. In the event of such a termination, Boeing shall have no liability to Seller except as expressly provided in GTA Section 25.2 below.

Appears in 1 contract

Samples: General Terms Agreement (Lmi Aerospace Inc)

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Program Termination. The parties acknowledge and agree that Boeing may, in its sole discretion, terminate any model all or part of Program Airplane or Derivative from this Agreement Agreement, including any Order issued hereunder, by written notice to Seller, if Boeing does decides not to initiate or terminates continue production of such model of Program Airplane or Derivative involving the Productprogram which the Product supports, by reason of Boeing's ’s determination that there is insufficient business basis for proceeding with such model of Program Airplane or Derivativeprogram. In the event of such a termination, Boeing shall have no liability to Seller except as expressly provided in GTA Section 25.2 below.

Appears in 1 contract

Samples: General Terms Agreement (Titanium Metals Corp)

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