Cancellation, Variation, or Suspension Sample Clauses

Cancellation, Variation, or Suspension a. Unless expressly stated otherwise in these General Terms of Sale, a Contract may be cancelled, varied or suspended only by notice in writing and only if such notice is accepted in writing by the other party. b. In the event that the Purchaser cancels, varies or suspends the Contract, the Purchaser shall compensate the Seller for costs as required below: • In the event of variation or suspension, the Purchaser shall compensate Seller for any applicable direct costs, such as, but not limited to, minimum order quantities, long lead times of raw material, storage, preservation (including anti-corrosion measures) and transport costs, (excluding any claim for damages or profits) arising from such variation or suspension which will be advised by the Seller to the Purchaser after notification of the variation or suspension. • In the event of cancellation, the Purchaser of customized Equipments or parts shall compensate Voith for the cumulative cancellation costs incurred depending upon the milestone reached in the table below: Elapsed contract lead time Cancellation cost (as % of contract value) 0%-9% 10% 10%-19% 18% 20%-29% 30% 30%-39% 48% 40%-49% 62% 50%-59% 72% 60%-69% 80% 70%-79% 88% 80%-89% 95% 90%-100% 100% • In the event of cancellation, the Purchaser of non-customised Equipments or parts shall compensate Voith fair and reasonable costs as quantified by the Seller for work-in- progress at the time of termination. c. The Seller shall submit its claim arising under this Clause 2.5 no later than [30] days from the date on which such variation / suspension / cancellation is issued by the Seller, or, in case of variation / suspension / cancellation issued by the Purchaser, within [30] days of receipt of the notice from the Purchaser. If the Purchaser disagrees with the calculation of the claim hereunder by the Seller, Purchaser shall raise its objections in writing no later than [30] days from receipt of the claim from the Seller. Purchaser shall provide adequate reasoning for its objections. If reasoned objections to the Seller claim is not received by the Seller within [30] days of issuance of its claim, the Seller’s claim will be deemed to have been accepted by the Purchaser. d. Payment of Seller claims hereunder shall be required in accordance with Clause 4.
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Related to Cancellation, Variation, or Suspension

  • 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.

  • TERMINATION OR SUSPENSION § 9.1 If the Owner fails to make payments to the Architect in accordance with this Agreement, such failure shall be considered substantial nonperformance and cause for termination or, at the Architect’s option, cause for suspension of performance of services under this Agreement. If the Architect elects to suspend services, the Architect shall give seven days’ written notice to the Owner before suspending services. In the event of a suspension of services, the Architect shall have no liability to the Owner for delay or damage caused the Owner because of such suspension of services. Before resuming services, the Owner shall pay the Architect all sums due prior to suspension and any expenses incurred in the interruption and resumption of the Architect’s services. The Architect’s fees for the remaining services and the time schedules shall be equitably adjusted. § 9.2 If the Owner suspends the Project, the Architect shall be compensated for services performed prior to notice of such suspension. When the Project is resumed, the Architect shall be compensated for expenses incurred in the interruption and resumption of the Architect’s services. The Architect’s fees for the remaining services and the time schedules shall be equitably adjusted. § 9.3 If the Owner suspends the Project for more than 90 cumulative days for reasons other than the fault of the Architect, the Architect may terminate this Agreement by giving not less than seven days’ written notice. § 9.4 Either party may terminate this Agreement upon not less than seven days’ written notice should the other party fail substantially to perform in accordance with the terms of this Agreement through no fault of the party initiating the termination. § 9.5 The Owner may terminate this Agreement upon not less than seven days’ written notice to the Architect for the Owner’s convenience and without cause. § 9.6 If the Owner terminates this Agreement for its convenience pursuant to Section 9.5, or the Architect terminates this Agreement pursuant to Section 9.3, the Owner shall compensate the Architect for services performed prior to termination, Reimbursable Expenses incurred, and costs attributable to termination, including the costs attributable to the Architect’s termination of consultant agreements. § 9.7 In addition to any amounts paid under Section 9.6, if the Owner terminates this Agreement for its convenience pursuant to Section 9.5, or the Architect terminates this Agreement pursuant to Section 9.3, the Owner shall pay to the Architect the following fees:

  • TEN TERMINATION OR SUSPENSION CONTRACTOR shall be considered in material default of this Agreement and such default will be considered cause for OWNER to terminate this Agreement, in whole or in part, as further set forth in this section, for any of the following reasons: (a) failure to begin work under the Agreement within the times specified under the Notice(s) to Proceed, or (b) failure to properly and timely perform the services to be provided hereunder or as directed by OWNER, or (c) the bankruptcy or insolvency or a general assignment for the benefit of creditors by CONTRACTOR or by any of CONTRACTOR's principals, officers or directors, or (d) failure to obey laws, ordinances, regulations or other codes of conduct, or (e) failure to perform or abide by the terms or spirit of this Agreement, or (f) for any other just cause. The OWNER may so terminate this Agreement, in whole or in part, by giving the CONTRACTOR seven (7) calendar day’s written notice.

  • 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 or Adjustment of Global Note At such time as all beneficial interests in a Global Note have either been exchanged for Definitive Notes, redeemed, purchased or canceled, such Global Note shall be returned to the Depository for cancellation or retained and canceled by the Trustee. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for certificated Notes, redeemed, purchased or canceled, the principal amount of Notes represented by such Global Note shall be reduced and an adjustment shall be made on the books and records of the Trustee (if it is then the Notes Custodian for such Global Note) with respect to such Global Note, by the Trustee or the Notes Custodian, to reflect such reduction.