Common use of Buyer Termination Payment Clause in Contracts

Buyer Termination Payment. In the event of termination of an Order for reasons other than a material default, payment made to medmix shall be as follows. I. If a cancellation schedule has been negotiated in connection with an Order, then the cancellation schedule shall apply for purposes of determining the applicable termination payment to medmix. II. If a cancellation schedule is not applicable then the termination payment shall be determined as follows: 1. medmix shall receive payment for the portion of the work produced and services performed as of the effective date of cancellation of the Order; and 2. payment of all unavoidable third-party costs and expenses incurred by medmix as result of the cancellation of the Order.

Buyer Termination Payment. In the event of termination of an Order for reasons other than a material default, payment made to medmix shall be as follows. I. If a cancellation schedule has been negotiated in connection with an Order, then the cancellation schedule shall apply for purposes of determining the applicable termination payment to medmix. II. If a cancellation schedule is not applicable then the termination payment shall be determined as follows: 1. medmix shall receive received payment for the portion of the work produced and services performed as of the effective date of cancellation of the Order; and 2. payment of all unavoidable third-party costs and expenses incurred by medmix as result of the cancellation of the Order.