Common use of Modification, Termination and Waiver Clause in Contracts

Modification, Termination and Waiver. This contract shall not be modified or terminated unless expressly agreed by both parties in writing. In the event of any termination of this contract, Buyer will pay for any raw materials, work in process or finished goods inventory which is not usable or salable by Lydall. All notices shall be in writing and electronic means of communication such as email shall be considered “in writing.” No waiver or any default hereunder shall be deemed a waiver of the obligation of future compliance, and any provision waived shall remain in full force and effect. In addition to its other remedies, Lydall may cancel any unfulfilled part of the contract without any liability, upon written notice if Buyer fails to pay amounts due or Buyer shall become bankrupt, insolvent, makes an assignment for the benefit of creditors or a receiver is appointed for Buyer, or Buyer is acquired or sold in whole or in part. (e)

Modification, Termination and Waiver. This contract shall not be modified or terminated unless expressly agreed by both parties in writing. In the event of any termination of this contract, Buyer Xxxxx will pay for any raw materials, work in process or finished goods inventory which is not usable or salable by Lydall. All notices shall be in writing and electronic means of communication such as email shall be considered “in writing.” No waiver or any default hereunder shall be deemed a waiver of the obligation of future compliance, and any provision waived shall remain in full force and effect. In addition to its other remedies, Lydall may cancel any unfulfilled part of the contract without any liability, upon written notice if Buyer fails to pay amounts due or Buyer shall become bankrupt, insolvent, makes an assignment for the benefit of creditors or a receiver is appointed for Buyer, or Buyer is acquired or sold in whole or in part. (e)

Modification, Termination and Waiver. This contract shall not be modified or terminated unless expressly agreed by both parties in writing. In the event of any termination of this contract, Buyer will pay for any raw materials, work in process or finished goods inventory which is not usable or salable by Lydall. All notices shall be in writing and electronic means of communication such as email shall be considered “in writing.” No waiver or any default hereunder shall be deemed a waiver of the obligation of future compliance, and any provision waived shall remain in full force and effect. In addition to its other remedies, Lydall may cancel any unfulfilled part of the contract without any liability, upon written notice if Buyer fails to pay amounts due or Buyer shall become bankrupt, insolvent, makes an assignment for the benefit of creditors or a receiver is appointed for Buyer, or Buyer is acquired or sold in whole or in part. (e).