Common use of Execution of Contracts Clause in Contracts

Execution of Contracts. 4.1. The Company shall be notified In Writing of any change in pricing and/or time of Delivery as a result of such amendments as soon as possible, but at least within 2 weeks. In the event that such amendment to the Contract results in an amended price and/or a different time of Delivery, the Company shall be entitled to demand the unchanged execution of the original Contract or the execution of an amended version of the Contract which shall be acceptable to the Company, or to terminate the Contract with immediate effect, in accordance with clause 19 of the Purchasing Terms. Upon the Company's first request In Writing the Supplier is required to implement all amendments to the Contract that are technically possible. 4.2. The Supplier may not transfer or outsource the Contract or its execution, in whole or in part, to third parties unless the Company has given its prior and explicit consent In Writing thereto. All obligations that, by virtue of the Contract and the Purchasing Terms, shall apply to the Supplier shall also apply to the party to whom the execution of the Contract has been outsourced to, including, but not limited to, the obligations regarding quality, confidentiality and privacy. The Supplier shall be responsible for compliance with the applicable obligations by these third parties and shall actively procure and guarantee their compliance thereto. Any consent given by the Company shall not discharge the Supplier from any obligation under the Contract or any related obligations.