Common use of Acceptance, Rejection, and Cancellation of Purchase Orders Clause in Contracts

Acceptance, Rejection, and Cancellation of Purchase Orders. Seller accepts a Purchase Order by confirming the order in writing by issuing to Buyer an invoice covering the Products to be delivered by Seller pursuant to the Purchase Order at the Prices (as defined below) set forth on Schedule 1. Seller may reject a Purchase Order within the time period for rejection set forth in Section 3.1 above. Seller may reject or cancel a previously accepted Purchase Order, which it may do without liability or penalty, and without constituting a waiver of any of Seller’s rights or remedies under this Agreement or any Purchase Order, by providing written notice to Buyer specifying the applicable date of rejection or cancellation (a) if any one or more of the events described under Sections 6.2(a)-(c) has occurred; or (b) pursuant to Seller’s rights under Section 5.5.