Common use of CANCELLATION AND DEFAULT Clause in Contracts

CANCELLATION AND DEFAULT. In addition to any other remedies available, CISSD may cancel/terminate this Agreement and/or Purchase Order, in whole or in part, at any time by written notice to the Service Provider, including without limitation in any of the following circumstances: (a) The Service Provider fails to provide the Services as specified herein; (b) in CISSD’s good faith judgment, the Service provider failed to perform, or jeopardized performance of, this Agreement and/or Purchase Order in compliance with its terms, and failed to cure such failure within ten (10) days after notice from CISSD; (c) The Service Provider files for bankruptcy, reorganization, readjustment of debt or has insolvency proceedings instituted against it under law of any jurisdiction. On receipt of such notice, the Service Provider shall discontinue all work, cancel all pending orders and terminate any subcontracts relating to the Services to be provided under this Agreement and/or Purchase Order. Upon such termination, full and complete settlement of all Service Provider’s claims shall be made as follows: a) The Service Provider shall be paid for the Services conforming to this Agreement and Purchase Order till the date of termination; and b) title shall vest in CISSD for all such Services for which CISSD has paid.

CANCELLATION AND DEFAULT. In addition to any other remedies available, CISSD may cancel/terminate this Agreement and/or Purchase Order, in whole or in part, at any time by written notice to the Service Provider, including without limitation in any of the following circumstances: (a) The Service Provider fails to provide the Services as specified herein; (b) in CISSD’s good faith judgment, the Service provider failed to perform, or jeopardized performance of, this Agreement and/or Purchase Order in compliance with its terms, and failed to cure such failure within ten (10) days after notice from CISSD; (c) The Service Provider files for bankruptcy, reorganization, readjustment of debt or has insolvency proceedings instituted against it under law of any jurisdiction. On receipt of such notice, the Service Provider shall discontinue all work, cancel all pending orders and terminate any subcontracts relating to the Services to be provided under this Agreement and/or Purchase Order. Upon such termination, full and complete settlement of all Service Provider’s claims shall be made as follows: a) The Service Provider shall be paid for the Services conforming to this Agreement and Purchase Order till the date of termination; and b) title shall vest in CISSD for all such Services for which CISSD has paid. CHANGES: Changes or amendments to this Agreement and/or Purchase Order may only be made by CISSD by its written authorization. CISSD shall communicate the desired changes by written communication prior to availing of the Services. If any such change by CISSD affects the cost or delivery schedules as mentioned in this Agreement and/or Purchase Order, an equitable adjustment shall be made, provided the Service Provider makes a written claim therefore, within thirty (30) days from the date of CISSD’s communication of the change.

CANCELLATION AND DEFAULT. In addition to any other remedies available, CISSD may cancel/terminate this Agreement and/or Purchase Order, in whole or in part, at any time by written notice to the Service ProviderVendor, including without limitation in any of the following circumstances: : (a) The Service Provider Vendor fails to provide deliver the Services Goods as specified herein; (b) in CISSD’s good faith judgment, the Service provider Vendor failed to perform, or jeopardized performance of, this Agreement and/or Purchase Order in compliance with its terms, and failed to cure such failure within ten (10) days after notice from CISSD; (c) The Service Provider Vendor files for bankruptcy, reorganization, readjustment of debt or has insolvency proceedings instituted against it under law of any jurisdiction. On receipt of such notice, the Service Provider Vendor shall discontinue all work, cancel all pending orders (and sub-orders) and terminate any subcontracts sub-contracts relating to the Services Goods to be provided under this Agreement and/or Purchase Order. Upon such termination, full and complete settlement of all Service Provider’s Vendor claims shall be made as follows: : a) The Service Provider Vendor shall be paid for the Services Goods conforming to this Agreement and Purchase Order till the date of termination; and b) title shall vest in CISSD for all such Services Goods for which CISSD has paid.