Common use of Rescheduling and Cancellation Clause in Contracts

Rescheduling and Cancellation. Orders accepted by Supplier may be cancelled or rescheduled by Buyer only with the written consent of Supplier (which consent Supplier may withhold for any reason) and upon payment of Supplier's cancellation or rescheduling charges. Supplier shall have the right without penalty or payment to cancel any order accepted (i) if Buyer fails to make any payment when due to Supplier under the contract or any other contract (ii) if any act or omission of Buyer delays Supplier’s performance, (iii) if Buyer violates any of these Terms and Conditions, or (iv) if Buyer’s credit becomes impaired; and in the event of such cancellation Supplier shall be entitled to receive reimbursement for its reasonable and proper cancellation charges.

Rescheduling and Cancellation. 16.1 Orders accepted by the Supplier may be cancelled or rescheduled by the Buyer only with the written consent of the Supplier (which consent Supplier may withhold for any reason) and upon payment of the Supplier's cancellation or rescheduling charges. The Supplier shall have the right without penalty or payment to cancel any order accepted (i) if the Buyer fails to make any payment when due to the Supplier under the contract Contract or any other contract with the Supplier, (ii) if any act or omission of the Buyer delays the Supplier’s performance, (iii) if the Buyer violates any of these Terms and Conditions, or (iv) if the Buyer’s credit becomes impaired; and in the event of such cancellation the Supplier shall be entitled to receive reimbursement for its reasonable and proper cancellation charges.