Common use of TERMINATION OR MODIFICATION Clause in Contracts

TERMINATION OR MODIFICATION. The Contract may be modified or terminated only upon Seller’s written consent. If all or part of the Contract is terminated, Buyer, in the absence of contrary written agreement with Seller, shall purchase completed Goods at the Contract price and work-in-progress and raw materials (including sub-suppliers’ finished goods, work-in-progress and raw materials) at Seller’s actual cost. Upon termination, Buyer shall also pay in full any tooling that has been amortized in the piece price.

Appears in 2 contracts

Sources: Terms and Conditions of Sale, Terms and Conditions of Sale

TERMINATION OR MODIFICATION. The Contract sales contract may be modified or terminated only upon Seller’s written consent. If all or part of the Contract sales contract is terminated, Buyer, Buyer shall pay termination charges based upon expenses and costs incurred in the absence production of contrary written agreement with Seller, shall purchase completed Goods at the Contract price and work-in-progress and raw materials (including sub-suppliers’ finished goods, work-in-progress and raw materials) at Seller’s actual costgoods to the date such termination is accepted by Seller plus a reasonable profit. Upon Notwithstanding any such termination, Buyer shall also accept delivery of and pay in full for any tooling that has been amortized in goods completed on or prior to Seller’s acceptance of such termination plus Seller's non-recoverable costs (including incidental and consequential damages) attributable to the piece priceterminated order.

Appears in 1 contract

Sources: Sales Contracts

TERMINATION OR MODIFICATION. The Contract may be modified or terminated only upon Seller’s written consent. If all or part of the Contract is terminated, Buyer, in the absence of contrary written agreement with Seller, shall purchase pay termination charges equal to the expenses and costs incurred in the production of the Goods to the date such termination is accepted by Seller plus a reasonable profit, except that any Goods completed Goods at the Contract price and work-in-progress and raw materials (including sub-suppliers’ finished goods, work-in-progress and raw materials) at on or prior to Seller’s actual cost. Upon termination, Buyer acceptance of such termination shall also pay be accepted and paid for in full any tooling that has been amortized in the piece priceby Buyer.

Appears in 1 contract

Sources: Sales Contract

TERMINATION OR MODIFICATION. The Contract contract may be modified or terminated only upon Seller’s 's written consent. If all or part of the Contract contract is terminated, Buyer, in the absence of contrary a written agreement with Seller, shall purchase pay termination charges based upon expenses and costs incurred in the production of the goods to the date such termination is accepted by Seller plus a reasonable profit, except that any goods completed Goods at the Contract price on or prior to Seller's acceptance of such termination shall be accepted and work-in-progress and raw materials (including sub-suppliers’ finished goods, work-in-progress and raw materials) at Seller’s actual cost. Upon termination, Buyer shall also pay paid for in full any tooling that has been amortized in the piece priceby Buyer.

Appears in 1 contract

Sources: Sales Contracts

TERMINATION OR MODIFICATION. The Contract contract may be modified or terminated only upon Seller’s 's written consent. If all or part of the Contract contract is terminated, Buyer, in the absence of contrary written agreement with Seller, shall purchase pay termination charges based upon expenses and costs incurred in the production of the goods to the date such termination is accepted by Seller plus a reasonable profit, except that any goods completed Goods at the Contract price on or prior to Seller's acceptance of such termination shall be accepted and work-in-progress and raw materials (including sub-suppliers’ finished goods, work-in-progress and raw materials) at Seller’s actual cost. Upon termination, Buyer shall also pay paid for in full any tooling that has been amortized in the piece priceby Buyer.

Appears in 1 contract

Sources: Terms and Conditions of Sale

TERMINATION OR MODIFICATION. The Contract may be modified or terminated only upon Seller’s 's written consent. If all or part of the Contract is terminated, Buyer, in the absence of contrary written agreement with Seller, shall purchase pay termination charges equal to the expenses and costs incurred in the production of the Goods to the date such termination is accepted by Seller plus a reasonable profit, except that any Goods completed Goods at the Contract price on or prior to Seller's acceptance of such termination shall be accepted and work-in-progress and raw materials (including sub-suppliers’ finished goods, work-in-progress and raw materials) at Seller’s actual cost. Upon termination, Buyer shall also pay paid for in full any tooling that has been amortized in the piece priceby Buyer.

Appears in 1 contract

Sources: Sales Contract

TERMINATION OR MODIFICATION. The Contract sales contract may be modified or terminated only upon Seller’s 's written consent. If all or part of the Contract sales contract is terminated, Buyer, in the absence of a contrary written agreement with Seller, shall purchase pay termination charges based upon expenses and costs incurred in the production of the goods to the date such termination is accepted by Seller plus a reasonable profit, except that any goods completed Goods at the Contract price on or prior to Seller's acceptance of such termination shall be accepted and work-in-progress and raw materials (including sub-suppliers’ finished goods, work-in-progress and raw materials) at Seller’s actual cost. Upon termination, Buyer shall also pay paid for in full any tooling that has been amortized in the piece priceby Buyer.

Appears in 1 contract

Sources: Terms and Conditions of Sale

TERMINATION OR MODIFICATION. The Contract contract may be modified or terminated only upon Seller’s 's written consent. If all or part of the Contract sales contract is terminated, Buyer, in the absence of contrary written agreement with Seller, shall purchase pay termination charges based upon expenses and costs incurred including overhead in the production of the goods to the date such termination is accepted by Seller plus a reasonable profit, except that any goods completed Goods at the Contract price on or prior to Seller's acceptance of such termination shall be accepted and work-in-progress and raw materials (including sub-suppliers’ finished goods, work-in-progress and raw materials) at Seller’s actual cost. Upon termination, Buyer shall also pay paid for in full any tooling that has been amortized in the piece priceby Buyer.

Appears in 1 contract

Sources: Terms and Conditions of Sale