Common use of Cancellation/Termination Clause in Contracts

Cancellation/Termination. In the event this Agreement is cancelled or terminated by a party before completion, XxxXxxxx may charge a cancellation fee. The following charge schedule based on costs incurred may be applied: (a) 10% of the Purchase Price after order is accepted and entered by XxxXxxxx; (b) 20% of the Purchase Price after completion of approval drawings, and; (c) 30% of the Purchase Price upon any material requisition. The cancellation fee will increase accordingly as costs are incurred as the order progresses through engineering and into manufacturing. XxxXxxxx endeavors to mitigate any such costs through the sale of such Product to another purchaser; however, Customer shall remain liable for the difference between the Purchase Price and, if applicable, the sale price obtained by XxxXxxxx upon sale of the Product to another purchaser, plus any costs incurred by XxxXxxxx to conduct any such sale.

Cancellation/Termination. In the event this Agreement is cancelled or terminated by a party before completion, XxxXxxxx Reliant may charge a cancellation fee. The following charge schedule based on costs incurred may be applied: (a) 10% of the Purchase Price after order is accepted and entered by XxxXxxxxReliant; (b) 20% of the Purchase Price after completion of approval drawings, and; (c) 30% of the Purchase Price upon any material requisition. The cancellation fee will increase accordingly as costs are incurred as the order progresses through engineering and into manufacturing. XxxXxxxx Reliant endeavors to mitigate any such costs through the sale of such Product to another purchaser; however, Customer shall remain liable for the difference between the Purchase Price and, if applicable, the sale price obtained by XxxXxxxx Reliant upon sale of the Product to another purchaser, plus any costs incurred by XxxXxxxx Reliant to conduct any such sale.

Cancellation/Termination. In the event this Agreement is cancelled or terminated by a party before completion, XxxXxxxx Company may charge a cancellation fee. The following charge schedule based on costs incurred may be applied: (a) 10% of the Purchase Price after order is accepted and entered by XxxXxxxxCompany; (b) 20% of the Purchase Price after completion of approval drawings, and; (c) 30% of the Purchase Price upon any material requisition. The cancellation fee will increase accordingly as costs are incurred as the order progresses through engineering and into manufacturing. XxxXxxxx Company endeavors to mitigate any such costs through the sale of such Product to another purchaser; however, Customer shall remain liable for the difference between the Purchase Price and, if applicable, the sale price obtained by XxxXxxxx Company upon sale of the Product to another purchaser, plus any costs incurred by XxxXxxxx Company to conduct any such sale.

Cancellation/Termination. In the event this Agreement is cancelled or terminated by a party the Customer before completion, XxxXxxxx Company may charge a cancellation fee. The following charge schedule based on costs incurred may be applied: (a) 10% of the Purchase Price after order is accepted and entered by XxxXxxxxCompany; (b) 20% of the Purchase Price after completion of approval drawings, and; (c) 30% of the Purchase Price upon any material requisition. The cancellation fee will increase accordingly as costs are incurred as the order progresses through engineering and into manufacturing. XxxXxxxx Company endeavors to mitigate any such costs through the sale of such Product to another purchaser; however, however Customer shall remain liable for the difference between the Purchase Price and, if applicable, the sale price obtained by XxxXxxxx Company upon sale of the Product to another purchaser, plus any costs incurred by XxxXxxxx Company to conduct any such sale.

Cancellation/Termination. In the event this Agreement is cancelled or terminated by a party the Customer before completion, XxxXxxxx may charge a cancellation fee. The following charge schedule based on costs incurred may be applied: (a) 10% of the Purchase Price after order is accepted and entered by XxxXxxxx; (b) 20% of the Purchase Price after completion of approval drawings, and; (c) 30% of the Purchase Price upon any material requisition. The cancellation fee will increase accordingly as costs are incurred as the order progresses through engineering and into manufacturing. XxxXxxxx endeavors to mitigate any such costs through the sale of such Product to another purchaser; however, Customer shall remain liable for the difference between the Purchase Price and, if applicable, the sale price obtained by XxxXxxxx upon sale of the Product to another purchaser, plus any costs incurred by XxxXxxxx to conduct any such sale.

Cancellation/Termination. In the event this Agreement is cancelled or terminated by a party the Customer before completion, XxxXxxxx Xxxxxx may charge a cancellation fee. The following charge schedule based on costs incurred may be applied: (a) 10% of the Purchase Price after order is accepted and entered by XxxXxxxxXxxxxx; (b) 20% of the Purchase Price after completion of approval drawings, and; (c) 30% of the Purchase Price upon any material requisition. The cancellation fee will increase accordingly as costs are incurred as the order progresses through engineering and into manufacturing. XxxXxxxx Xxxxxx endeavors to mitigate any such costs through the sale of such Product to another purchaser; however, however Customer shall remain liable for the difference between the Purchase Price and, if applicable, the sale price obtained by XxxXxxxx Xxxxxx upon sale of the Product to another purchaser, plus any costs incurred by XxxXxxxx Xxxxxx to conduct any such sale.