Common use of Long Term Inability to Deliver Clause in Contracts

Long Term Inability to Deliver. In cases of a long term inability to deliver or if the Supplier faces an essential impairment of its financial situation we shall be entitled to rescind the contract with respect to the part that has not yet been performed. If one of the foregoing events occur with respect to the Sup- plier, the Supplier shall support us to the best of its abilities in our efforts to move the manufacture of the supplied item(s) to us or to a third party, which support shall include the granting of licenses to intellectual property rights to the extent such rights are necessary for the man- ufacture of the relevant product(s), such licenses to be granted on terms customary in the industry.

Long Term Inability to Deliver. In cases of a long long-term inability to deliver or if the Supplier faces an essential impairment of its financial situation situation, we shall be entitled to rescind the contract with respect to the part that has not yet been performed. If one of the foregoing events occur with respect to the Sup- plierSupplier, the Supplier shall support us to the best of its abilities in our efforts to move the manufacture of the supplied item(s) to us or to a third party, which support shall include the granting of licenses to intellectual property rights to the extent such rights are necessary for the man- ufacture manufacture of the relevant product(s), such licenses to be granted on terms customary in the industry.

Long Term Inability to Deliver. In cases of a long term inability to deliver or if the Supplier faces an essential impairment of its financial situation we shall be entitled to rescind the contract with respect to the part that has not yet been performed. If one of the foregoing events occur with respect to the Sup- plierSupplier, the Supplier shall support us to the best of its abilities in our efforts to move the manufacture of the supplied item(s) to us or to a third party, which support shall include the granting of licenses to intellectual property rights to the extent such rights are necessary for the man- ufacture manufacture of the relevant product(s), such licenses to be granted on terms customary in the industry.

Long Term Inability to Deliver. In cases of a long long-term inability to deliver or if the Supplier faces an essential impairment of its financial situation situa- tion, we shall be entitled to rescind the contract with respect to the part that has not yet been performed. If one of the foregoing events occur with respect to the Sup- plierSupplier, the Supplier shall support us to the best of its abilities in our efforts to move the manufacture of the supplied item(s) to us or to a third party, which support shall include the granting of licenses to intellectual property rights to the extent such rights are necessary for the man- ufacture manufacture of the relevant product(s), such licenses to be granted on terms customary in the industry.

Long Term Inability to Deliver. In cases of a long term inability to deliver or if the Supplier faces an essential impairment of its financial situation we shall be entitled to rescind the contract with respect to the part that has not yet been performed. If one of the foregoing events or situation occur with respect to the Sup- plierSupplier, the Supplier shall support us to the best of its abilities in our efforts to move the manufacture of the supplied item(s) to us or to a third party, which support sup- port shall include the granting of licenses to intellectual property rights to the extent such rights are necessary for the man- ufacture manufacture of the relevant product(s), such licenses to be granted on terms customary in the industry.