Cancellation/Suspension. Seller may cancel an order, suspend shipment, or adjust Buyer’s payment terms in the event (a) Buyer fails to timely pay any invoice, (b) Buyer generally fails to pay its debts as they become due, (c) Seller reasonably believes that Xxxxx’s creditworthiness has deteriorated or Buyer is insolvent, (d) Buyer sells a majority of its assets or shares, or (e) Seller believes Buyer has violated or has failed to satisfy its obligations under these T&Cs or any other agreement between it and Seller. Cancellation of an order or return of Non-Conforming Products, in whole or in part, is subject to Seller’s approval, which it may withhold for any reason, as well as a restocking fee in accordance with Seller’s then policy in effect.
Appears in 4 contracts
Samples: Terms and Conditions of Sale, Terms and Conditions of Sale, Terms and Conditions of Sale
