Common use of Upon Cancellation Clause in Contracts

Upon Cancellation. Upon cancelation pursuant to this Section, Supplier shall: i. Supply any portion of the Items for which this Agreement is not cancelled; ii. Be liable for additional costs, if any, for the purchase of similar goods and services to cover such default; and iii. At AFI’s request, transfer title and delivery to AFI: 1. Any completed items 2. Any partially completed items and 3. All unique materials and tooling. Pricing for partially completed Items and unique materials shall be negotiated, but in no event shall they exceed the price set forth herein. AFI’s rights and remedies as described herein are in addition to any other rights and remedies provided at law or in equity.

Appears in 2 contracts

Sources: Terms and Conditions of Purchase, Terms and Conditions of Purchase