Common use of Cancellation for convenience Clause in Contracts

Cancellation for convenience. Buyer reserves the right at any time to cancel this Purchase Order, in whole or in part, for Buyer's convenience by delivery to Seller of written notice of such cancellation. In the event of such cancellation, Buyer shall pay Seller, as its sole and exclusive compensation under this Purchase Order, sums (not including allowance for overhead or profit) actually expended by Seller to procure and/or process such articles or materials at the time of cancellation; provided however, any portion of materials which may be returned for credit or refund by Seller shall not be charged to Buyer. In no event shall such compensation exceed the value of the work performed.

Appears in 10 contracts

Samples: Purchase Order, Purchase Order, Purchase Order

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Cancellation for convenience. Buyer reserves the right may at any time to cancel this Purchase Order, in whole or in part, for Buyer's convenience by delivery written notice to Seller of written notice of such cancellation. In the event of such cancellation, Buyer shall pay Seller, as its sole and exclusive compensation under this Purchase Order, sums (not including allowance for overhead or profit) actually expended by Seller to procure and/or process such articles or materials at the time of cancellation; provided provided, however, any portion of materials which may be returned for credit or refund by Seller shall will not be charged to Buyer. In no event shall will such compensation exceed the value of the work performed.

Appears in 1 contract

Samples: Purchase Order

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Cancellation for convenience. Buyer reserves the right at any time to cancel this Purchase Order, in whole or in part, for Buyer's ’s convenience by delivery to Seller of written notice of such cancellation. In the event of such cancellation, Buyer shall pay Seller, as its sole and exclusive compensation under this Purchase Order, sums (not including allowance for overhead or profit) actually expended by Seller to procure and/or process such articles or materials at the time of cancellation; provided however, any portion of materials which may be returned for credit or refund by Seller shall will not be charged to Buyer. In no event shall will such compensation exceed the value of the work performed.

Appears in 1 contract

Samples: Terms and Conditions of Purchase

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