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Cancellation of Conditional Order Sample Clauses

Cancellation of Conditional Order a. In the event New Appliance does not meets the New Appliance Specifications (or the Amended New Appliance Specifications, as the case may be) on or before November 15, 2006 or OEM Partner determines at any point in time, with a reasonable degree of certainty, that the New Appliances will not meet the New Appliance Specifications (or the Amended New Appliance Specifications, as the case may be) on or before November 15, 2006, OEM Partner shall have the right to request that Patriot Technologies return the Development Fees paid under Section 3, and Patriot Technologies, upon receiving such request, shall promptly refund OEM Partner such Development Fees to the extent Patriot Technologies has received a refund fee such Development Fees from its subcontractor. Notwithstanding the previous sentence, Sourcefire shall have no right to a refund of the Development Fees commencing on the date Patriot Technologies first delivers a prototype that conforms in every respect to the applicable New Appliance Specifications (or Amended New Appliance Specifications, as the case may be). b. Additionally, In the event OEM Partner cannot certify that the New Appliances, the resulting Finished Goods or any prototype meets the New Appliance Specifications (or the Amended New Appliance Specifications, as the case may be) or are ready for commercial production on or before November 15, 2006, or OEM Partner determines at any point in time, with a reasonable degree of certainty, that the New Appliances, the resulting Finished Goods or any prototype will not meet the New Appliance Specifications (or the Amended New Appliance Specifications, as the case may be) or will not be ready for commercial production on or before November 15, 2006, OEM Partner shall have the right to cancel without any liability the Conditional Order issued under Section 4, and Patriot Technologies shall have no rights to invoice OEM Partner any amounts under such Conditional Order.

Related to Cancellation of Conditional Order

  • CANCELLATION OF CONTRACT The Division of Procurement Services reserves the right to cancel a contract with a thirty-day written notice OR cancel immediately if the contractor does not conform to terms and conditions and specifications of contract.

  • Cancellation of Notes Paid, Converted, Etc The Company shall cause all Notes surrendered for the purpose of payment at maturity, repurchase upon a Fundamental Change, redemption, registration of transfer or exchange or conversion (other than any Notes exchanged pursuant to Section 14.12), if surrendered to the Company or any of its agents or Subsidiaries, to be surrendered to the Trustee for cancellation. All Notes delivered to the Trustee shall be canceled promptly by it in accordance with its customary procedures. Except for any Notes surrendered for registration of transfer or exchange, or as otherwise expressly permitted by any of the provisions of this Indenture, no Notes shall be authenticated in exchange for any Notes surrendered to the Trustee for cancellation. The Trustee shall dispose of canceled Notes in accordance with its customary procedures and, after such disposition, shall deliver evidence of such disposition to the Company, at the Company’s written request in a Company Order.

  • Cancellation of Commitment The Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period.

  • Cancellation of Payment Orders The Company may cancel a payment order but the Custodian shall have no liability for the Custodian's failure to act on a cancellation instruction unless the Custodian has received such cancellation instruction at a time and in a manner affording the Custodian reasonable opportunity to act prior to the Custodian's execution of the order. Any cancellation shall be sent and confirmed in the manner set forth in Paragraph 2 above.

  • CANCELLATION OR AMENDMENT State Street shall use reasonable efforts to act on all authorized requests to cancel or amend payment orders received in compliance with the Security Procedure provided that such requests are received in a timely manner affording State Street reasonable opportunity to act. However, State Street assumes no liability if the request for amendment or cancellation cannot be satisfied.

  • Violation of Contract If Purchaser violates any provision of this contract, the Contract Administrator, by written notice, may suspend delivery of further loads of forest products. If the violation is capable of being remedied, the Purchaser has five (5) days after receipt of suspension notice to remedy the violation. If the violation cannot be remedied (such as violation of WAC 240-15-015) or Purchaser fails to remedy the violation within five (5) days after receipt of a suspension notice, the State may terminate the rights of the Purchaser under this contract and collect damages as described in the damages clause in this contract.

  • Cancellation of Notes Any Person that receives a Note surrendered for payment, registration of transfer, exchange or redemption will deliver the Note to the Indenture Trustee and the Indenture Trustee will promptly cancel it. The Issuer may surrender to the Indenture Trustee for cancellation Notes previously authenticated and delivered under this Indenture which the Issuer may have acquired, and the Indenture Trustee will promptly cancel them. No Notes will be authenticated in place of or in exchange for Notes cancelled as stated in this Section 2.10. The Indenture Trustee may hold or dispose of cancelled Notes according to its standard retention or disposal policy unless the Issuer directs, by Issuer Order, that they be destroyed or returned to it.

  • Termination of Contract The Department may terminate the Contract for refusal by the Contractor to comply with this section by not allowing access to all public records, as defined in Chapter 119, F. S., made or received by the Contractor in conjunction with the Contract.

  • Cancellation of Converted Securities All Securities delivered for conversion shall be delivered to the Trustee to be cancelled by or at the direction of the Trustee, which shall dispose of the same as provided in Section 3.09.

  • Cancellation Amendment The Transfer Agent shall use reasonable efforts to act on all authorized requests to cancel or amend payment orders received in compliance with the Security Procedure provided that such requests are received in a timely manner affording the Transfer Agent reasonable opportunity to act. However, the Transfer Agent assumes no liability if the request for amendment or cancellation cannot be satisfied.