Termination, Cancellation & Delays Sample Clauses

Termination, Cancellation & Delays. Seller may terminate this Agreement if Buyer (a) is adjudged bankrupt, or a general assignment is made for the benefit of creditors, or a receiver is appointed on account of insolvency or (b) defaults in the performance of any material provision of this Agreement, including the payment of any sum due hereunder, and then fails to correct any such situation within fifteen (15) days following the date of written notice thereof (“termination for cause”). Buyer may, with no less than sixty (60) days advance written notice and Seller’s consent, cancel this Order for convenience (“cancellation for convenience”), except if the Goods are scheduled for completion within sixty (60) days of the date of such written notice. Upon expiration of the sixty (60) day advanced notice period, Seller shall discontinue all work pertaining to the Goods, although Seller may do so earlier in its sole discretion. In addition to any remedies available to Seller within this Agreement, by law or in equity, in the event of Seller’s termination for cause or Buyer’s cancellation for convenience, Buyer shall promptly pay Seller the amount specified in this Agreement’s Early Termination Schedule or, if none, an amount no less than (a) a prorata portion of the Order price measured by the percentage of completion of the Goods as determined by Seller, which measure may include, but need not be limited to, the ratio of progress payments due through the effective date of termination/cancellation relative to the total purchase price plus (b) costs incurred to effect, and as a result of, the cancellation of the Order and any of Seller’s subcontracts plus (c) twenty percent (20%) of “(a)” plus “(b).” Upon Seller’s receipt of full payment, Seller shall, if so directed by Buyer, ship to Buyer at Buyer’s expense, all Goods for which Buyer has made payment. If Buyer fails to take possession of such materials within thirty (30) days of the date of full payment, Seller shall have the right to dispose of the Goods as it sees fit, without further obligation to Buyer and without in any way affecting Buyer’s obligation hereunder. Nothing contained herein shall be construed to require Seller to sell partially completed Goods or components of the Goods to Buyer or entitles the Buyer to purchase the same. Seller will consider Buyer’s written request for reasonable delays in the commencement of the Goods if received before fabrication has commenced. Notwithstanding any such request, if the fabrication of the Goo...
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Related to Termination, Cancellation & Delays

  • TERMINATION/CANCELLATION Cancellation of orders once placed with or accepted by Seller can be made only with Seller’s consent. Should Buyer, due to good cause, desire to affect the cancellation of an accepted order, Seller will accept such cancellation on the following basis:

  • Service Termination, Cancellation, or Suspension If you wish to cancel the Service, you may contact us as set forth in Section 6 of the General Terms above. Any payment(s) that have begun processing before the requested cancellation date will be processed by us. You agree that we may terminate or suspend your use of the Service at any time and for any reason or no reason. Neither termination, cancellation nor suspension shall affect your liability or obligations under this Agreement.

  • Cancellation/Termination EY may terminate this Purchase Order in whole or in part, with or without cause, at any time and without liability, upon written notice to Supplier. In the event of any termination, Supplier shall promptly refund to EY any fees paid for Services or Work Product(s) that have not been provided as at the effective date of termination, and no further fees shall be due from EY in respect of the Services or Work Product(s). Termination or expiry of this Purchase Order for any reason shall not affect the accrued rights and obligations of the parties at the date of termination or expiry (as applicable).

  • Vacation Cancellation ‌ Should the Employer be required to cancel scheduled vacation leave because of an emergency or exceptional business needs, affected employees may select new vacation leave from available dates. In the event the affected employee has incurred non-refundable, out-of-pocket vacation expense, the employee will normally be reimbursed by the Employer, if the Employer had previously approved the employee’s vacation leave request and if the employee has an adequate leave balance at the time of the vacation to take the vacation.

  • Effective Date; Termination; Cancellation and Suspension Section 5.01. This Agreement shall come into force and effect on the date upon which the Development Credit Agreement becomes effective.

  • Termination due to Force Majeure 13.5.1 If the Force Majeure Event or its effects continue to be present beyond the period as specified in Article 4.5.3, either Party shall have the right to cause termination of the Agreement. In such an event, this Agreement shall terminate on the date of such Termination Notice.

  • Termination Due to Force Majeure Event If the period of Force Majeure continues or is in the reasonable judgment of the Parties likely to continue beyond a period of 120 (one hundred and twenty) Days, the Parties may mutually decide to terminate this Agreement or continue this Agreement on mutually agreed revised terms. If the Parties are unable to reach an agreement in this regard, the Affected Party shall after the expiry of the said period of 120 (one hundred and twenty ) Days be entitled to terminate the Agreement in which event, the provisions of Articles 16 and 17 shall, to the extent expressly made applicable, apply.

  • Contract Cancellation By written notice and without a cure period, Buyer may cancel the whole Contract, or any part of this Contract, in the event of the suspension of Seller’s business, insolvency of Seller, institution of bankruptcy, liquidation proceedings by or against Seller, appointment of a trustee or receiver for Seller’s property or business, any assignment, reorganization, or arrangement by Seller for the benefit of creditors, or the debarment or suspension of Seller by any Government agency. Xxxxx’s remedies in the event of a cancellation of the Contract pursuant to this ¶ 18 shall be the same as set forth in ¶ 19, TERMINATION FOR DEFAULT.

  • T ermination In the event that either party seeks to terminate this DPA, they may do so by mutual written consent and as long as any service agreement or terms of service, to the extent one exists, has lapsed or has been terminated. The LEA may terminate this DPA and any service agreement or contract with the Provider if the Provider breaches any terms of this DPA.

  • Automatic cancellation The Commitment of each Lender will be automatically cancelled at the close of business on the last day of the Availability Period.

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