Common use of CANCELLATION OR DEFERMENT Clause in Contracts

CANCELLATION OR DEFERMENT. 7.1 The Company may defer any redeliveries of the Customer’s Goods or performance of Services or treat the Contract as determined if the Customer fails to make any payment when it becomes due or enters into any composition or arrangement with its creditors or has a winding-up order made against it or has an administrative receiver or administrator appointed or passes a resolution for winding-up or a Court makes an order to that effect or if the Customer breaches any of these Conditions. 7.2 Clause 7.1 is without prejudice to the Company’s right to the full contract price for the Services and damages for any loss suffered in consequence of the determination of the Contract. 7.3 Cancellation by the Customer will only be accepted at the discretion of the Company. Acceptance of the cancellation will only be binding on the Company if in writing and signed by a director. Any costs or expenses incurred by the Company up to the date of cancellation and all loss or damage resulting from the cancellation will be paid by the Customer to the Company forthwith.

CANCELLATION OR DEFERMENT. 7.1 7. 1 The Company may defer deter any redeliveries delivers of the Customer’s Goods or of performance of Services or treat the Contract as determined if the Customer fails to make any payment when it becomes due or enters into any composition or arrangement with its creditors or has a winding-up order made against it or has an administrative receiver or administrator appointed or passes a resolution for winding-up or a Court makes an order to that effect or if it the Customer Customers breaches any of these Conditions. 7.2 7. 2 Clause 7.1 is without prejudice to the Companycompany’s right to the full contract purchase price for the Services goods and/or services and damages for any loss suffered in consequence of the determination of the Contract.contract 7.3 Cancellation 7. 3 Cancellations by the Customer customer will only be accepted at the discretion of the Companycompany. Acceptance of the cancellation will only be binding on the Company company if in writing and signed by a the director. Any costs cost or expenses incurred by the Company company up to the date of cancellation and all loss or and damage resulting from the cancellation will be paid by the Customer customer to the Company company forthwith.