Common use of CANCELLATION/RESCHEDULING Clause in Contracts

CANCELLATION/RESCHEDULING. Distributor may, at its option and subject to the provisions of this Section, either reschedule delivery of any Products or cancel any order or portion thereof, upon written notice to LipoMatrix. A "reschedule" is defined as changing all or any portion of those Products scheduled for shipment on any ship date by moving the ship date later in time. Distributor shall have a right to cancel or reschedule any order for later shipment provided such request is received by LipoMatrix at least thirty (30) days in advance of the original ship date. Rescheduling or cancellation requests made Distributor within thirty (30) days of the original ship date are subject to LipoMatrix's approval.

Appears in 6 contracts

Samples: Distributor Agreement (Collagen Corp /De), License, Supply and Option Agreement (Collagen Corp /De), Coordination Agreement (Collagen Corp /De)

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