Cancellation of a Contract Sample Clauses

The 'Cancellation of a Contract' clause defines the conditions and procedures under which either party may terminate the agreement before its natural expiration. Typically, this clause outlines the required notice period, acceptable reasons for cancellation—such as breach of contract or mutual agreement—and any associated penalties or obligations, like payment of outstanding fees or return of property. Its core function is to provide a clear, fair process for ending the contractual relationship, thereby reducing uncertainty and potential disputes if one party needs to exit the agreement.
Cancellation of a Contract. 12.1 We shall have the right to cancel the contract, in whole or in part, in the event of breach, on reasonable notice (usually two weeks). A reminder for contract compliance shall also be deemed giving reasonable notice. Breaches of contract include, but are not limited to: Failure to meet provisional and final deadlines, unapproved subcontracting or defects jeopardizing performance of contract to our contracting partners by us. Any assignment of claims contrary to the non- assignment clause herein shall entitle us to terminate the contract for cause. 12.2 We have the right to terminate the contract, in whole or in part, also in case of no fault of the Supplier. In such a case we are obligated to pay the Supplier the contract price proportional to the goods and services already delivered and moreover reimburse the Supplier for any proven direct costs of deliveries and services in progress. The Supplier shall be obligated, after declaring the contract terminated, to make every effort to keep the costs to be reimbursed by us as low as possible.
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Cancellation of a Contract. 11.1 Upon our becoming aware of a breach of this Agreement, we shall provide prompt notice to Supplier. If Supplier fails to remedy such breach within thirty (30) days of its receipt of notice of such breach, we shall have the right to cancel and terminate any Purchase Order or this Agreement, in whole or in part 11.2 Breaches include, but are not limited to: failure to meet provisional and final deadlines; unapproved subcontracting; defects jeopardizing performance of contract to our contracting partners by us; if Supplier becomes insolvent, files a petition for bankruptcy or commences or has commenced against it proceedings relating to bankruptcy, receivership, reorganization or assignment for the benefit of creditors; and any assignment of claims contrary to the non- assignment clause herein or upon a change of control of Supplier or its parent entity (whether by merger, stock transfer, consolidation, reorganization or otherwise). 11.3 We have the right to terminate any Purchase Order or this Agreement, in whole or in part, for convenience on sixty (60) days’ prior written notice. In such a case we are obligated to pay the Supplier the contract price proportional to the Goods and Services already delivered and moreover reimburse the Supplier for any proven direct costs of deliveries and services in progress. Following receipt of notice of our termination, Supplier shall be obligated to use best efforts to mitigate the direct costs of deliveries and services in progress
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Cancellation of a Contract. The Client will formally notify Jamio Creations of the proposed cancellation of a contract by email or in writing. The Client will be invoiced for all work completed up to the point of the cancellation date at the standard Jamio Creations daily rate of £400.
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Cancellation of a Contract. If after a Contract has been formed, you inform us that you wish to cancel that Contract, or this agreement allows us to treat you as having cancelled the agreement (a "cancellation event"), we may terminate it at our complete discretion, but we may insist on you and us performing the contract. We may treat your death, illness, threat of legal action against you, an insolvency event (including presentation of petitions, arrangements with creditors, appointment of administrators or receivers or the levying of distress) occurring against you as being a cancellation. If you cancel or fail to perform the Contract, we will need to enter a second currency transaction, matching the one we entered to perform your contract, to close out our position in the market. It is likely that the exchange rates on the two matching contracts will not be the same. In that event, we will charge you for any loss realised on these contracts. We also reserve the right to charge an administration fee of £50 representing administration costs involved in cancellation. You may forfeit part or all of any deposit in the event of cancellation. Where we have suffered losses and would charge an administration fee, we will set this and our other charges and losses against the deposit or any other funds received from you. We may in addition charge you a cancellation fee of 0.05% of the total amount of the Sale Currency for each working day between the cancellation event and payment of our administration fee and our costs in closing out our position.
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Cancellation of a Contract. 4.1 You may cancel the Contract by giving us written notice no later than 7 days after the date on which it was concluded. If you cancel the Contract in this way, we will return your Deposit to you in full if no works have since commenced. If, however works have been commenced since arrival of your deposit we reserve the right to retain the direct operating costs thus far; this includes labour/materials. Evidence of such labour and materials will be provided if works have since commenced as a result of your order. 4.2 If you do not exercise your right to cancel under clause 4.1 above, you have no right to cancel the Contract under this clause 4 unless we agree to cancel the Contract at your request in which case you must pay any reasonable losses and costs we suffer because of your cancellation, including (without limitation) any manufacturing costs and any loss of profit and we will be entitled to retain part or all of your Deposit to cover any such losses and costs. 4.3 If the Goods or Services are sold or provided in phases, each phase shall be a separate contract and no cancellation or termination of any other contract relating to a phase shall entitle you to repudiate or cancel this Contract or any other contract relating to another phase.
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Cancellation of a Contract. The Client will formally notify Jamio Creations of the proposed cancellation of a contract by email or in writing. The Client will be invoiced for all work completed up to the point of the cancellation date at the standard Jamio Creations daily rate of £400+VAT. Should The Client wish to cancel an ongoing web hosting agreement, The Client will provide a full calendar month’s notice in writing and a pro-rata refund for the remaining hosting period (after the one month’s notice) will be issued (excluding costs for domains and SSL certificates). If a backup of The Client’s website is required at any point, there will be a fixed administrative fee of £50+VAT to provide this service.
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Related to Cancellation of a Contract

  • CANCELLATION OF CONTRACT The Division of Procurement Services reserves the right to cancel a contract with a thirty-day written notice OR cancel immediately if the contractor does not conform to terms and conditions and specifications of contract.

  • Cancellation of Agreement In the event that prior to the Closing Date (a) trading in securities on the New York Stock Exchange generally, or in securities of the Bank in particular, shall have been suspended, or minimum prices established by the New York Stock Exchange, or any new restrictions on transactions in securities shall have been established by the New York Stock Exchange or by the Commission or by any other United States Federal or State agency or by any action of the United States Congress or by executive order to such a degree as, in your judgment as the Representatives, to affect materially and adversely the marketing of the Securities or (b) existing financial, political or economic conditions in Europe, the United States or elsewhere shall have undergone any change which, in your judgment as the Representatives, would materially and adversely affect the market for the Securities, this Agreement and all obligations of the Underwriters hereunder may be canceled at, or at any time prior to, the Closing Date by you, as the Representatives, without liability on the part of any Underwriter to the Bank or of the Bank to any Underwriter, subject to Section 11(e). Notice of such cancellation shall be given to the Bank in writing, or by cable or telephone confirmed in writing.

  • Cancellation of Services (a) ARTC will request the HVCCC to inform ARTC on a weekly basis of the total number of cancelled services assigned to the Access Holder in the previous week by the Live Run Superintendent Group, as collated and reported by the HVCCC, and whether the total number of cancellations assigned to the Access Holder in that week has had, in the reasonable opinion of the HVCCC, an impact on Capacity, Coal Chain Capacity or the Capacity entitlement of another access holder in that week. (b) To avoid doubt, the number of cancelled services assigned to the Access Holder, as collated and reported by the HVCCC, may include cancellations of services scheduled to be used or operated by or on behalf of another access holder where the cancellation was assigned to the Access Holder by the Live Run Superintendent Group. (c) If ARTC is informed by the HVCCC that the cancellations in clause 11.6(a) have had, in the reasonable opinion of the HVCCC, an impact on Capacity, Coal Chain Capacity or the Capacity entitlement of another access holder, then ARTC may remove Path Usages from the Access Holder’s Base Path Usages in the Period immediately following the Period in which the cancellations had an impact on Capacity, Coal Chain Capacity, or the contractual entitlement of another access holder. (d) If Base Path Usages are removed in accordance with this clause 11.6(c), ARTC will delete the number of removed Path Usages from the Access Holder’s Annual Contracted Path Usages in the relevant Train Path Schedule by notice to the Access Holder. To avoid doubt, a cancellation or a reduction of Path Usages made available to the Access Holder as a result of a Capacity Shortfall under clause 6 will not constitute a cancellation under this clause 11.6. (e) The number of Path Usages to be removed from the Access Holder under (i) in respect of the number of cancellations assigned to the Access Holder due to a single event be no more than two; and (ii) in total will be no more than the number of cancellations reported in clause 11.6. (f) If ARTC is informed by the HVCCC that the cancellations reported in this clause 11.6 have had, in the reasonable opinion of the HVCCC, an impact on Capacity, Coal Chain Capacity or the Capacity entitlement of another access holder, but ARTC has not removed Base Path Usages from the Access Holder, then ARTC will provide written reasons for its decision not to remove Base Path Usages from the Access Holder to: (i) the HVCCC; or (ii) if requested, the Access Holder where it is not a member of the HVCCC, subject to any confidentiality restrictions, within 10 Business Days of making that decision. (g) To avoid doubt, the Access Holder’s obligation to pay TOP Charges will be unaffected by the removal of Base Path Usages under this clause 11.6. (h) Clause 14 does not apply to any determination by ARTC under this clause 11.6. (i) In exercising its rights under clause 11.6, ARTC is entitled to rely on information provided by, and the recommendations and opinions of, the HVCCC. (j) This clause 11.6 is subject to any changes arising from the review under section 5.8 of the Access Undertaking.

  • Cancellation or Termination The Provider is the responsible party for honoring cancellation requests. You may cancel this Service Agreement at any time and is non-cancelable by us (send your written request to us at ▇▇▇▇▇▇▇▇▇▇▇▇▇@▇-▇▇.▇▇▇), except for: 1. Fraud or material misrepresentation concerning any covered item or any other facts related to this Service Agreement.

  • Cancellation OSS Charge ▇▇▇▇▇▇ will incur an OSS charge for an accepted LSR that is later canceled.