Common use of Cancellation of Agreement Clause in Contracts

Cancellation of Agreement. The purchasing agency reserves the right to cancel and terminate any resulting Agreement, in part or in whole, without penalty, upon 60 days written notice to the contractor. In the event the initial Agreement period is for more than 12 months, the resulting Agreement may also be terminated by the contractor, without penalty, after the initial 12 months of the Agreement period upon 60 days written notice to the other party. Any Agreement cancellation notice shall not relieve the contractor of the obligation to deliver and/or perform on all outstanding orders issued prior to the effective date of cancellation.

Cancellation of Agreement. The purchasing agency department reserves the right to cancel and terminate any resulting Agreementcontract, in part or in whole, without penalty, upon 60 days written notice to the contractorContractor. In the event the initial Agreement contract period is for more than 12 months, the resulting Agreement contract may also be terminated by the contractorContractor, without penalty, after the initial 12 months of the Agreement contract period upon 60 days written notice to the other party. Any Agreement contract cancellation notice shall not relieve the contractor Contractor of the obligation to deliver and/or perform on all outstanding orders issued prior to the effective date of cancellation.

Cancellation of Agreement. The purchasing agency reserves Contractor shall reserve the right to cancel and terminate any resulting this Agreement, provided a written, dated notice of intent to cancel shall be delivered to the Authority in part or in whole, without penalty, upon 60 the person of the Purchasing Manager at least ninety (90) days prior to the anticipated cancellation date . The Authority shall reserve the right to cancel this Agreement on ninety (90) days written notice to the contractor. In the event the initial Agreement period is for more than 12 months, the resulting Agreement may also be terminated by the contractor, without termination charge or penalty, after the initial 12 months of the Agreement period upon 60 days written notice to the other party. Any Agreement cancellation notice shall not relieve the contractor of the obligation to deliver and/or perform on all outstanding orders issued prior to the effective date of cancellationwith or without cause.