Common use of Order Termination Clause in Contracts

Order Termination. Buyer may at any time terminate for its convenience Seller’s performance of an Order, in whole or in part, by written notice to Seller, whereupon Seller shall terminate its performance on such date of notice. If Seller has commenced performance of the Order, ▇▇▇▇▇ shall negotiate reasonable termination charges with Seller. Seller shall use best efforts to mitigate its losses as the result of any Order termination by ▇▇▇▇▇. Buyer may terminate an Order for default with respect to all or any part of undelivered Goods if Seller (a) does not meet the delivery or performance schedule specified in the applicable Order, (b) breached any terms hereof, including warranties, or (c) becomes insolvent or commits or becomes subject to an act of bankruptcy.

Order Termination. Buyer may at any time terminate for its convenience Seller’s performance of an Order, in whole or in part, by written notice to Seller, whereupon Seller shall terminate its performance on such date of notice. If Seller has commenced performance of the Order, ▇▇▇▇▇ Buyer shall negotiate reasonable termination charges with Seller. Seller shall use best efforts to mitigate its losses as the result of any Order termination by ▇▇▇▇▇Buyer. Buyer may terminate an Order for default with respect to all or any part of undelivered Goods if Seller (a) does not meet the delivery or performance schedule specified in the applicable Order, (b) breached any terms hereof, including warranties, or (c) becomes insolvent or commits or becomes subject to an act of bankruptcy.