Common use of CANCELLATION FOR DEFAULT Clause in Contracts

CANCELLATION FOR DEFAULT. a. Buyer may, by written notice to Seller, cancel all or part of this contract (i) if Seller fails to deliver the Services within the time specified by this contract or any written extension; (ii) if Seller fails to perform any other provision of this contract or fails to make progress, so as to endanger performance of this contract, and, in either of these two circumstances, does not cure the failure within 10 days after receipt of notice from Buyer specifying the failure; or (iii) in the event of Seller's bankruptcy, suspension of business, insolvency, appointment of a receiver for Seller's property or business, or any assignment, reorganization or arrangement by Seller for the benefit of its creditors.

Appears in 17 contracts

Samples: Formation of Contract, Formation of Contract, Formation of Contract

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CANCELLATION FOR DEFAULT. a. Buyer may, by written notice to Seller, cancel all or part of this contract if (i) if Seller fails to deliver the Services Goods within the time specified by this contract or any written extension; (ii) if Seller fails to perform any other provision of this contract or fails to make progress, so as to endanger performance of this contract, and, in either of these two circumstances, does not cure the failure within 10 days after receipt of notice from Buyer specifying the failure; or (iii) in the event of Seller's bankruptcy, ’s suspension of business, insolvency, appointment of a receiver for Seller's ’s property or business, or any assignment, reorganization or arrangement by Seller for the benefit of its creditors.

Appears in 3 contracts

Samples: Terms and Conditions, 1d2906cf-f3d2-48d7-a521-8f2f87a4a4f5.filesusr.com, Terms and Conditions

CANCELLATION FOR DEFAULT. a. (a) Buyer may, by written notice to Seller, cancel all or part of this contract (i) if Seller fails to deliver the Services Goods within the time specified by this contract or any written extension; (ii) if Seller fails to perform any other provision of this contract or fails to make progress, so as to endanger performance of this contract, and, in either of these two circumstances, does not cure the failure within 10 days after receipt of notice from Buyer specifying the failure; or (iii) in the event of Seller's bankruptcy, ’s suspension of business, insolvency, appointment of a receiver for Seller's ’s property or business, or any assignment, reorganization or arrangement by Seller for the benefit of its creditors.

Appears in 1 contract

Samples: www.boeingsuppliers.com

CANCELLATION FOR DEFAULT. a. (a) Buyer may, by written notice to Seller, cancel all or part of this contract (i) if Seller fails to deliver the Services within the time specified by this contract or any written extension; (ii) if Seller fails to perform any other provision of this contract or fails to make progress, so as to endanger performance of this contract, and, in either of these two circumstances, does not cure the failure within 10 days after receipt of notice from Buyer specifying the failure; or (iii) in the event of Seller's bankruptcy, ’s suspension of business, insolvency, appointment of a receiver for Seller's ’s property or business, or any assignment, reorganization or arrangement by Seller for the benefit of its creditors.

Appears in 1 contract

Samples: www.boeingsuppliers.com

CANCELLATION FOR DEFAULT. a. Buyer may, by written notice to Seller, cancel all or part of this contract if (i) if Seller fails to deliver the Services Goods within the time specified by this contract or any written extension; (ii) if Seller fails to perform any other provision of this contract or fails to make progress, so as to endanger performance of this contract, and, in either of these two circumstances, does not cure the failure within 10 days after receipt of notice from Buyer specifying the failure; or (iii) in the event of Seller's bankruptcy, suspension of business, insolvency, appointment of a receiver for Seller's property or business, or any assignment, reorganization or arrangement by Seller for the benefit of its creditors.

Appears in 1 contract

Samples: www.boeingsuppliers.com

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CANCELLATION FOR DEFAULT. a. Buyer may, by written notice to Seller, cancel all or part of this contract Contract: (i) if Seller fails to deliver the Services within the time specified by this contract Contract or any written extension; (ii) if Seller fails to perform any other provision of this contract Contract or fails to make progress, so as to endanger performance of this contractContract, and, in either of these two circumstances, does not cure the failure within 10 ten (10) days after receipt of notice from Buyer specifying the failure; or (iii) in the event of Seller's bankruptcy, suspension of business, insolvency, appointment of a receiver for Seller's property or business, or any assignment, reorganization or arrangement by Seller for the benefit of its creditors.

Appears in 1 contract

Samples: General Terms and Conditions of Purchase

CANCELLATION FOR DEFAULT. a. Buyer may, by written notice to Seller, cancel all or part of this contract (i) if Seller fails to deliver the Services within the time specified by this contract or any written extension; (ii) if Seller fails to perform any other provision of this contract or fails to make progress, so as to endanger performance of this contract, and, in either of these two circumstances, does not cure the failure within 10 ten (10) days after receipt of notice from Buyer specifying the failure; or (iii) in the event of Seller's bankruptcy, suspension of business, insolvency, appointment of a receiver for Seller's property or business, or any assignment, reorganization or arrangement by Seller for the benefit of its creditors.

Appears in 1 contract

Samples: www.boeingsuppliers.com

CANCELLATION FOR DEFAULT. a. Buyer may, by written notice to Seller, cancel all or part of this contract Contract: (i) if Seller fails to deliver the Services Goods within the time specified by this contract Contract or any written extension; (ii) if Seller fails to perform any other provision of this contract Contract or fails to make progress, so as to endanger performance of this contractContract, and, in either of these two circumstances, does not cure the failure within 10 days after receipt of notice from Buyer specifying the failure; or (iii) in the event of Seller's bankruptcy, suspension of business, insolvency, appointment of a receiver for Seller's property or business, or any assignment, reorganization or arrangement by Seller for the benefit of its creditors.

Appears in 1 contract

Samples: General Terms and Conditions of Purchase

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