Common use of Cancellations and Returns Clause in Contracts

Cancellations and Returns. If Buyer cancels an order within 24 hours ------------------------- before the commencement of manufacture of the items in the order, Buyer agrees to pay a cancellation charge of 100% of the total invoice amount. Products are not in any event to be returned to us without prior written authorization.

Appears in 1 contract

Sources: Stock Purchase Agreement (Panolam Industries Inc)

Cancellations and Returns. If Buyer cancels an order within 24 hours five days ------------------------- before the commencement of manufacture of the items in the orderscheduled shipment date, Buyer agrees to pay a cancellation charge of 10075% of the total invoice amount. Thereafter, orders may be canceled by Buyer only with our prior consent and upon terms that will fully indemnify us against loss. Products are not in any event to be returned to us without prior written authorization.

Appears in 1 contract

Sources: Stock Purchase Agreement (Panolam Industries Inc)