Common use of TERMINATION OR CHANGE Clause in Contracts

TERMINATION OR CHANGE. Buyer shall not terminate, suspend performance, reschedule or cancel delivery or issue a "hold" order under this agreement, in whole or part, without Seller's prior written consent and upon terms that will compensate Seller for any loss or damage resulting from such action. Buyer's liability shall include, but not be limited to, the price of product delivered or held for disposition and the price of services already performed, plus Seller's loss of profits thereon, incurred costs and a reasonable allocation of general and administrative expenses. Depending on the product or service, any such termination shall be subject to a minimum termination charge of fifteen percent (15%) to twenty five percent (25%) of the dollar amount of the sales terminated.

Appears in 2 contracts

Samples: Terms and Conditions of Sale, www.ofsoptics.com

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TERMINATION OR CHANGE. Buyer shall not terminate, suspend performance, reschedule or cancel delivery or issue a "hold" order under this agreement, in whole or part, without Seller's ’s prior written consent and upon terms that will compensate Seller for any loss or damage resulting from such action. Buyer's ’s liability shall include, but not be limited to, the price of product delivered or held for disposition and the price of services already performed, plus Seller's ’s loss of profits thereon, incurred costs and a reasonable allocation of general and administrative expenses. Depending on the product or service, any such termination shall be subject to a minimum termination charge of fifteen percent (15%) to twenty five percent (25%) of the dollar total amount of the sales terminated.

Appears in 2 contracts

Samples: Denmark Terms and Conditions of Sale, Denmark Terms and Conditions of Sale

TERMINATION OR CHANGE. Buyer shall not terminate, suspend performance, reschedule or cancel delivery or issue a "hold" order under this underthis agreement, in whole or part, without Seller's prior written consent and upon terms that will compensate Seller for any loss or damage resulting from such action. Buyer's liability shall include, but not be limited to, the price of product delivered or held for disposition and the price of services already performed, plus Seller's loss of profits thereon, incurred costs and a reasonable allocation of general and administrative expenses. Depending on the product or service, any such termination shall be subject to a minimum termination charge of fifteen percent (15%) to twenty five percent (25%) of the dollar amount of the sales terminated.

Appears in 2 contracts

Samples: Deutschland GMBH Terms and Conditions of Sale, Deutschland GMBH Terms and Conditions of Sale

TERMINATION OR CHANGE. Buyer shall not terminate, suspend performance, reschedule or cancel delivery or issue a "hold" order under this agreement, in whole or part, without Seller's prior written consent and upon terms that will compensate Seller for any loss or damage resulting from such action. Buyer's liability shall include, but not be limited to, the price of product delivered or held for disposition and the price of services already performed, plus Seller's loss of profits thereon, incurred costs and a reasonable allocation of general and administrative expenses. Depending on the product or service, any such termination shall be subject to a minimum termination charge of fifteen percent (15%) to twenty twenty-five percent (25%) of the dollar total amount of the sales terminated.

Appears in 2 contracts

Samples: www.ofsoptics.com, www.ofsoptics.com

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TERMINATION OR CHANGE. Except as otherwise provided in Section 7 below, Buyer shall not terminate, suspend performance, reschedule or cancel delivery or issue a "hold" order under this agreementAgreement, in whole or part, without Seller's prior written consent and upon terms that will compensate Seller for any loss or damage resulting from such action. Buyer's liability shall include, but not be limited to, the price of product delivered or held for disposition and the price of services already performed, plus Seller's loss of profits thereon, incurred costs and a reasonable allocation of general and administrative expenses. Depending on the product or service, any such termination shall be subject to a minimum termination charge of fifteen percent (15%) to twenty five percent (25%) of the dollar amount of the sales terminated.

Appears in 2 contracts

Samples: www.ofsoptics.com, www.ofsoptics.com

TERMINATION OR CHANGE. Buyer shall not terminate, suspend performance, reschedule reschedule, or cancel delivery or issue a "hold" order under this agreement, in whole or part, without Seller's ’s prior written consent and upon terms that will compensate Seller for any loss or damage resulting from such action. Buyer's ’s liability shall include, but not be limited to, the price of product delivered or held for disposition and the price of services already performed, plus Seller's ’s loss of profits thereon, incurred costs and a reasonable allocation of general and administrative expenses. Depending on the product or service, any such termination shall be subject to a minimum termination charge of fifteen percent (15%) to twenty five percent (25%) of the dollar total amount of the sales terminated.

Appears in 1 contract

Samples: Terms of Sale

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