Cancellation of Purchase Order Sample Clauses
The 'Cancellation of Purchase Order' clause defines the terms under which a buyer or seller may terminate a purchase order before the goods or services are delivered. Typically, this clause outlines the procedures for providing notice of cancellation, any applicable fees or penalties, and the circumstances under which cancellation is permitted, such as supplier delays or changes in buyer requirements. Its core function is to provide both parties with a clear process for ending a transaction, thereby reducing uncertainty and potential disputes if the order cannot be fulfilled as originally planned.
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Cancellation of Purchase Order. (a) Sony reserves the right to cancel this Purchase Order, in whole or in part, (i) prior to receipt of Provider's acknowledgment hereof, or (ii) in advance of a delivery schedule set forth on the reverse side thereof without liability to Provider therefor. Sony may also cancel this Purchase Order, in whole or in part, upon Provider’s failure to observe and perform any of the terms and conditions hereof (including those that might otherwise be excused by force majeure or commercial impracticality) by giving Provider notice thereof and, in addition to any other remedies Sony may have at law or in equity therefor, Sony may purchase the goods or services covered hereby, in whole or in part, from an alternate vendor, and Provider will be liable to Sony for any loss incurred as a result thereof.
(b) In the event of any institution of proceedings by or against Provider in bankruptcy or insolvency, or under any provision of the United States Bankruptcy Act, or if there is an appointment of receiver or trustee or an assignment for the benefit of creditors of Provider, Sony may cancel this Purchase Order by giving Provider notice thereof without liability to Provider therefor and without waiving any remedies it may have.
Cancellation of Purchase Order.
(A) Purchaser may cancel this Purchase Order and refuse Delivery of the Products or other tender of performance, without payment or other obligation to Supplier, if: (a) the Products are not Delivered (or if Supplier has advised Purchaser that it will not be able to Deliver the Products) by or within three days after the Delivery Date without regard to whether or not the delay is caused by events or circumstances beyond Supplier's control, unless Purchaser has specifically agreed in writing to an extension or unless and to the extent Supplier can demonstrate that the delay was unavoidably the result of the negligence or wilful misconduct of Purchaser after the date hereof; (b) prior to the Delivery of the Products, Supplier breaches any of its obligations in Section 10 hereof or refuses to remove rejected goods or workmanship from the Products as reasonably requested by Purchaser pursuant to Section 12 hereof; or (c) prior to the Delivery of the Products, Supplier becomes insolvent, makes an assignment in bankruptcy, makes a general assignment for the benefit of creditors, makes any proposal under the Bankruptcy and Insolvency Act (Canada) or any comparable law, seeks relief under the Companies' Creditors Arrangement Act (Canada), or any other bankruptcy, insolvency or analogous law, is adjudged bankrupt, files a petition or proposal to take advantage of any act of insolvency, consents to or acquiesces in the appointment of a trustee, receiver, custodian, or other person with similar power, of all or a portion of its assets or Supplier or its property or assets become the subject of any proceeding for the relief of creditors, which in the opinion of Purchaser would materially and adversely affect the ability of Supplier to perform or comply with its obligations hereunder. Supplier shall not be entitled to any monetary consideration (including payment of the Price) for termination by Purchaser in accordance with this Section 3(A).
(B) Purchaser may, by notice in writing to Supplier at any time, without reason or cause and at its absolute discretion, cancel this Purchase Order, in whole or in part, and refuse Delivery of the Products or other tender of performance, in which event Purchaser will pay Supplier for any Products delivered but not yet paid for as well as Supplier’s direct out-of-pocket costs incurred to the date of termination, which are reasonably attributed to this Purchase Order (which, for the avoidance of doubt, shall not include an allowan...
Cancellation of Purchase Order. Fujitsu reserves the right upon written notice to Supplier to cancel all or any part of this Purchase Order if this Purchase Order is not accepted by Supplier within 3 business days from the date of issue by Fujitsu, without incurring any liability whatsoever.
Cancellation of Purchase Order. 11.1 Without limiting the generality of the foregoing, the Buyer may, by giving written notice to Seller, terminate any Purchase Order issued pursuant hereto, in whole or in part, if at any time Buyer's customers terminate a related agreement, Purchase Order with Buyer for any reason.
11.2 After Seller's receipt of such notice of termination, Seller shall immediately terminate all work under Buyer's Purchase Order. Buyer's liability to Seller with respect to such termination shall be limited to (x)(i). The purchase price set forth in this Supply Contract for Products not salable to Seller's other customers or useable in Seller's other operations in the ordinary course of business over a reasonable period of time, (ii) Seller's verifiable incurred manufacturing costs for work in process at the date of notice of termination (not to exceed the number of Products ordered and reflected in the Forecast through the manufacturing interval) and (iii) Seller's purchase price of raw material and components necessary through forecasted lead time, including finished goods inventory not returnable or useable in Seller's other operations in the ordinary course of business over a reasonable period of time, minus (y) any salvage value thereof.
11.3 Buyer shall have no obligation to Seller if Buyer terminates its purchase se of Seller's default in accordance with the provisions of Article 11 hereof.
Cancellation of Purchase Order. BUYER reserves the right to revise or cancel any Purchase Order, without penalty, where the cancellation is necessitated by changes in technology which are not incorporated in SELLER’s LCD Assembly, cancellations by BUYER’s customers for BUYER’s products which incorporate SELLER’s LCD Assembly, or a redesign of BUYER’s current configuration of instrumentation that house the LCD ASSEMBLY which redesign renders SELLER’s LCD Assembly incompatible, as determined by BUYER in its sole discretion, with BUYER’s products. For a cancellation by BUYER pursuant to this Section 2.5 to be without penalty, cancellation notice must be provided to SELLER at any time up to and including one hundred twenty (120) days prior to the scheduled shipment date as set forth in the applicable Purchase Order. To the extent that such notice is not sent at least one hundred twenty (120) days prior to the scheduled shipment date, BUYER shall accept said shipment subject to the conditions and provisions of this Agreement. Notwithstanding the foregoing, BUYER’s notice of cancellation shall operate as cancellation notice for all additional Purchase Orders, which Purchase Orders have a scheduled shipment date more than one hundred twenty (120) days after the date such notice was sent.
Cancellation of Purchase Order. IBM may cancel any and all Purchase Orders against this Agreement at any time. In the event IBM cancels Purchase Order as the result of MSL's default, no cancellation charge shall be applicable. IBM's termination of Purchase Orders for its convenience shall not relieve IBM of any cost reimbursements under the Price section.
Cancellation of Purchase Order. The Customer may only cancel a Purchase Order by giving written notice to Downer not less than 24 hours prior notice to the Delivery Time.
Cancellation of Purchase Order. The LCBO reserves the right to cancel this Agreement in whole or in part at any time without liability and at the Supplier’s expense and risk (a) upon written notice to the Supplier, where the shipment or any part thereof is determined by the LCBO to be unsatisfactory within the meaning of Section 5; (b) by giving fifteen (15) days written notice to the Supplier, where, for any reason beyond the control of the LCBO including without limitation, any reason relating to the marketing of the product(s), the LCBO is unable to complete the purchase of the product(s); (c) upon written notice to the Supplier where the Supplier has failed to comply with any covenant, warranty or provision of the Agreement including failure to adhere to the provisions of the LCBO’s Product Management Procedures as published from time to time, or (d) upon written notice to the Supplier where any product(s) has been ordered but has not yet been delivered to the LCBO’s carrier. Notice of cancellation may be given by fax, mail, email or personal delivery.
Cancellation of Purchase Order. 8.1 We shall have the right to cancel in whole or in part the Goods set out in the Purchase Order by giving a written notice to you at any time before the delivery, installation, acceptance or performance date of the Goods.
8.2 We shall have the right to, at your cost, return any Goods to you in connection with any such wholly or partially cancelled Purchase Order. In exchange for such return, you shall immediately refund all payments made by us in connection with such returned Goods, including without limitation, any charges for any related services, subject to such cancellation being made due to any breach by you or fault attributable to you.
Cancellation of Purchase Order. The purchase order shall be fulfilled fully and duly upon effectiveness and may not be cancelled by either Party except in writing form agreed and acknowledged by the Parties with seal.