Common use of CANCELLATION/RESCHEDULING Clause in Contracts

CANCELLATION/RESCHEDULING. Buyer may unilaterally cancel this Contract upon written notice to Multitest and upon payment of cancellation charges as follows: (a) If notice is within 30 days of the scheduled shipment date, 80% of the purchase price of the order; (b) If notice is more than 30 days, but within 60 days of the scheduled shipment date, 50% of the purchase price of the order; (c) 80% of the purchase price of the order is payable for any conversion kit cancellation; (d) 100% of the purchase price or cost is payable for tooling, engineering services, design services, interface boards, burn-in boards, third-party components and assembly, custom-made items, spare parts and contact sockets; and (e) All incurred costs are due for any service contracts, training, or rescheduling or cancellation. Buyer may unilaterally reschedule this Contract upon written notice to Multitest and upon payment of re-scheduling charges as follows: (a) If notice is within 30 days of the scheduled shipment date, 80% of the purchase price of the order; (b) If notice is more than 30 days, but within 60 days of the scheduled shipment date, 50% of the purchase price of the order; (c) 80% of the purchase price of the order is payable for any conversion kit rescheduling; (d) 100% of the purchase price or cost is payable for tooling, engineering services, design services, interface boards, burn-in boards, third-party components and assembly, custom-made items, spare parts and contact sockets; and (e) All incurred costs are due for any service contracts, training, or rescheduling or cancellation.

CANCELLATION/RESCHEDULING. Buyer may unilaterally cancel this Contract upon written notice to Multitest and upon payment of cancellation charges as follows: (a) If notice is within 30 days of the scheduled shipment date, 80% of the purchase price of the order; (b) If notice is more than 30 days, but within 60 days of the scheduled shipment date, 50% of the purchase price of the order; (c) 80% of the purchase price of the order is payable for any conversion kit cancellation; (d) 100% of the purchase price or cost is payable for tooling, engineering services, design services, interface boards, burn-in boards, third-party components and assembly, custom-made items, spare parts and contact sockets; and (e) All incurred costs are due for any service contracts, training, or rescheduling or cancellation. .. Buyer may unilaterally reschedule this Contract upon written notice to Multitest and upon payment of re-scheduling charges as follows: (a) If notice is within 30 days of the scheduled shipment date, 80% of the purchase price of the order; (b) If notice is more than 30 days, but within 60 days of the scheduled shipment date, 50% of the purchase price of the order; (c) 80% of the purchase price of the order is payable for any conversion kit rescheduling; (d) 100% of the purchase price or cost is payable for tooling, engineering services, design services, interface boards, burn-in boards, third-party components and assembly, custom-made items, spare parts and contact sockets; and (e) All incurred costs are due for any service contracts, training, or rescheduling or cancellation.