Common use of Outstanding Orders Clause in Contracts

Outstanding Orders. If a Party hereto terminates this Agreement for the other Party's material breach, then the non-breaching Party shall be entitled to exercise one of the following options: (i) demand or continue fulfillment of accepted Purchase Orders that are outstanding at the time of termination; or (ii) immediately cancel all accepted Purchase Orders outstanding at the time of termination subject to Buyer's payment of Celeritek's costs as detailed under Article 11 of EXHIBIT C.