Common use of Reductions and Cancellations Clause in Contracts

Reductions and Cancellations. HTI may reduce the quantity or cancel in its entirety any pending Order. HNS will provide HTI a cost breakdown of parts by category by lead times in weeks within four (4) weeks or such other time as is reasonable under the circumstances after execution of this Agreement. After HNS has exercised its reasonable efforts to reduce the cost of parts, the cost of the remaining parts shall be divided as outlined below. Weeks *** *** Weeks *** *** Weeks *** ***

Appears in 2 contracts

Sources: Telematics Agreement (HUGHES Telematics, Inc.), Telematics Agreement (HUGHES Telematics, Inc.)