Common use of Cancellation-Default Clause in Contracts

Cancellation-Default. Except in the case of delay or failure resulting from circumstances beyond the control and without the fault or negligence of Lessor or of its suppliers or subcontractors, Lessee shall be entitled, by written cancellation notice to Lessor, to cancel the whole or any part of this Agreement for default, without granting an extension of time, and to have all other rights against Lessor by reason of Lessor’s default as provided by law. If it be found that Lessor was not in default the rights and obligations of the parties shall be the same as if a Notice of Cancellation had been issued pursuant to Clause 11.A above, Termination-Convenience.

Appears in 7 contracts

Samples: Purchase Order Terms and Conditions Agreement for Lease of Computer Equipment, Purchase Order Terms and Conditions Agreement for Lease of Computer Equipment, Purchase Order Terms and Conditions Agreement for Lease of Computer Equipment

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