Cancellation of Purchase Orders Sample Clauses

Cancellation of Purchase Orders. Cancellation of purchase orders for the Fund's shares (for example, when a purchase check is returned to the Fund unpaid) causes a loss to be incurred when the net asset value of the Fund's shares on the cancellation date is less than on the purchase date. That loss is equal to the amount of the decline in the net asset value per share multiplied by the number of shares in the purchase order. The investor is responsible for that loss. If the investor fails to compensate the Fund for the loss, the Distributor will do so. The Fund may reimburse the Distributor for that amount by redeeming shares from any account registered in that investor's name, or the Fund or the Distributor may seek other redress.
AutoNDA by SimpleDocs
Cancellation of Purchase Orders. The Buyer shall be entitled to cancel wholly or partly a Delivery Item prior to Delivery upon notice to the Supplier. The Supplier shall be entitled to compensation for the Su p- plier’s documented costs related to the cancellation.
Cancellation of Purchase Orders. (a) FOR CAUSE If Seller fails to deliver the Products set forth in a purchase order within thirty (30) days after the date specified for delivery in such purchase order (or such later date as Buyer authorizes in writing), regardless of whether performance by Seller is excused under Section 16 hereof, Buyer may, upon written notice to Seller, cancel all or a portion of the relevant purchase order without liability to Seller for such termination. If Seller fails to deliver the Products within thirty (30) days after the dates specified for delivery in the purchase orders issued by Buyer for three consecutive months (or such later dates as Buyer authorizes in writing), except if performance by Seller is excused under Section 16 hereof, Buyer, may, upon written notice to Seller, (i) suspend its obligation under Section 5 to submit purchase orders pursuant to a Forecast, and (ii) purchase Products and products comparable to the Products from other suppliers, provided that, Buyer agrees that such suspension shall only continue until such time as Seller is able to resume timely delivery of Product; provided further that if Buyer has not resumed such delivery after ninety (90) days, Buyer may notify Seller in writing of Buyer's intent to terminate this Agreement, and if Seller shall fail to resume delivery within thirty (30) days after receipt of such notification to cure, this Agreement shall terminate at the end of the thirty (30) day period without further notice from Buyer. (b) FOR CONVENIENCE Upon proper written notice to Seller, Buyer may cancel all or a portion of a purchase order prior to the shipment of any Products pursuant to such purchase order or elect not to submit a purchase order required under Section 5, in each case for Buyer's convenience. In the event of such a cancellation or such an election not to submit a required purchase order, Buyer and Seller shall have the following sole and exclusive rights and obligations:
Cancellation of Purchase Orders. Buyer may cancel any Order, in whole or in part, without further obligation or liability to Seller, at any time prior to Seller's shipment of the Product(s) covered by such Order by providing Seller written or electronic notice of such cancellation.
Cancellation of Purchase Orders. (a) Supplier may, in its sole discretion, without liability or penalty, cancel any Purchase Order placed by Reseller and accepted by Supplier, in whole or in part: (i) if Supplier discontinues its sale of Products or reduces or allocates its inventory of Products; (ii) if Supplier determines that Reseller is in violation of its payment obligations under or has breached or is in breach of this Agreement; or (iii) pursuant to Supplier s rights under Section 10.04. (b) Reseller shall have no right to cancel or amend any Purchase Order submitted by it.
Cancellation of Purchase Orders. AT&T may terminate any Purchase Order [*]. AT&T's maximum liability to Seller on account of such cancellation shall be as specified on the AT&T Purchase Order. Further, AT&T shall have no liability to Seller if any Purchase Order is canceled as a result of this Agreement being terminated under Sections 8.2, 9.2, 10.3, 10.5, or 18.2 (if termination is due to Seller's breach).
Cancellation of Purchase Orders. Buyer may cancel any Purchase Order (other than for Custom Products and Private Labeled Products), in whole or in part, without further obligation or liability to Buyer, at any time at least two (2) business days prior to Seller’s shipment of the Products covered by such Purchase Order by providing Seller notice of such cancellation electronically, by facsimile, or by mail. Buyer may not cancel any Purchase order for Custom Products without Seller’s consent. Seller may cancel any Purchase Order for Private Labeled Products, in whole or in part, at any time at least two (2) business days prior to Seller’s shipment of the Private Labeled Products covered by such Purchase Order by providing Seller notice of such cancellation electronically, by facsimile or by mail, without further liability or obligation to Buyer other than the cost of any private labeled part of any Private Labeled Product included in such cancelled Purchase Order plus an administration fee of 20% of the Purchase Price of such Private Labeled Product.
AutoNDA by SimpleDocs
Cancellation of Purchase Orders. Except as otherwise agreed upon by the ------------------------------- parties, EDS may cancel all or a portion of a Purchase Order relating to Product(s), without charge or penalty up to ten (10) calendar days prior to the scheduled delivery date of the affected Product(s). In the event EDS cancels a Purchase Order or any portion thereof within ten (10) calendar days of the scheduled delivery date, as Chordiant's sole and exclusive remedy and EDS' sole liability, EDS shall reimburse Chordiant the direct, verifiable, non-recoverable expenses incurred by Chordiant as a result of such cancellation. Purchase Orders, or portions thereof, for Services may be canceled as specified in the applicable sections of this Agreement.
Cancellation of Purchase Orders. 4 ARTICLE III. PROVISION OF LICENSED SOFTWARE AND SERVICES 3.1 General................................................................... 4 3.2
Cancellation of Purchase Orders. Blue Coat may provide Vendor with a cancellation notice at any time. Vendor shall, upon receipt of such notice, stop work on such units of Products to the extent specified therein. Notwithstanding anything to the contrary herein, Blue Coat agrees to be liable the costs incurred from such cancellation in accordance with Section 12 of this Agreement.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!