NRE Cancellation Charge Sample Clauses

NRE Cancellation Charge. If Customer cancels a purchase order for NRE or otherwise cancels NRE, then IBM may cease work in connection with this program. Additionally, Customer shall pay IBM (a) the total of all non-discounted NRE charges due and owing at the time of cancellation and (b) all unpaid non-discounted NRE charges through the next NRE payment milestone (according to the schedule set forth above in Section 4.2), unless such unpaid NRE charge is waived or reduced in accordance with the table set forth below. If Customer requests that IBM delay the performance of any Services for which IBM has received a purchase order, and such periods of delay, individually or in the aggregate, extend beyond [*] days, then Customer shall be deemed to have canceled all work under this purchase order and the applicable cancellation charges below will be invoiced. Cancellation Notice Received by IBM Percentage of Next Payment Milestone to be Paid Within 30 days after IDR [*] % 31-60 days after IDR [*] % 61 days or more after IDR but before RTL [*] % Within 15 days after RTL [*] % 15-30 days after RTL but before RTM [*] % 31 days or more after RTL but before RTM [*] %
Sample 1Sample 2
AutoNDA by SimpleDocs
NRE Cancellation Charge. If Customer cancels a purchase order for NRE or otherwise cancels NRE, then IBM may cease work in connection with the Product. Additionally, Customer shall pay IBM the total of all NRE charges due and owing at the time of cancellation, all unpaid NRE charges applicable to the next NRE Payment Milestone according to the schedule set forth in Section 7.3 of this Attachment and the cancellation charges in the table below. Should Customer fail to purchase any Product within the first twelve months after ASP, then Customer shall be deemed to have cancelled all work under this Attachment and the cancellation charge pertaining to "anytime after RTM" in the table below shall apply in addition to any amounts due and owing. If a Cancellation Notice is Received by IBM Cancellation Charge ------------------------------------------- ------------------- Up to but not including IDR [**] between IDR and RTL $[**] any time after RTM $[**] Confidential Materials omitted and filed with the Securities and Exchange Commission. Asterisks denote omissions.
Sample 1
NRE Cancellation Charge. If Peerless cancels a purchase order for NRE, fails to issue a purchase order for a Milestone within thirty (30) days after the completion of the previous Milestone, unreasonably withholds its signature on a Milestone, or otherwise cancels NRE, then IBM may cease work in connection with the Product. Additionally, Peerless shall pay IBM the total of all NRE charges due and owing at the time of the cancellation and all unpaid NRE charges applicable to the next NRE Payment Milestone according to the schedule set forth in Section 7.3 of this Attachment.
Sample 1
NRE Cancellation Charge. If Customer cancels a purchase order for NRE or otherwise cancels NRE, then IBM may cease work in connection with the Product. [*]
Sample 1

Related to NRE Cancellation Charge

  • ADS Cancellation Fee by any person for whom ADSs are being cancelled (e.g., a cancellation of ADSs for Delivery of deposited Shares, upon a change in the ADS(s)-to-Share(s) ratio, or for any other reason), a fee not in excess of U.S. $5.00 per 100 ADSs (or fraction thereof) cancelled;

  • Debt Cancellation Borrower shall not cancel or otherwise forgive or release any claim or debt (other than termination of Leases in accordance herewith) owed to Borrower by any Person, except for adequate consideration and in the ordinary course of Borrower’s business.

  • Section 309 Cancellation All Securities surrendered for payment, redemption, registration of transfer or exchange or for credit against any sinking fund payment shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and shall be promptly cancelled by it. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and may deliver to the Trustee (or to any other Person for delivery to the Trustee) for cancellation any Securities previously authenticated hereunder which the Company has not issued and sold, and all Securities so delivered shall be promptly cancelled by the Trustee. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this Section, except as expressly permitted by this Indenture. All cancelled Securities held by the Trustee shall be disposed of as directed by a Company Order.

  • Cancellation Fee to any person surrendering ADSs for cancellation and withdrawal of Deposited Securities or to any person to whom Deposited Securities are delivered, a fee not in excess of U.S. $5.00 per 100 ADSs (or fraction thereof) surrendered;

  • Automatic cancellation The Commitment of each Lender will be automatically cancelled at the close of business on the last day of the Availability Period.

  • Voluntary cancellation The Company may, if it gives the Agent not less than three Business Days' prior written notice (or such shorter period as the Majority Lenders may agree), cancel the whole or any part (being a minimum amount of EUR 5,000,000) of the Available Facility. Any cancellation under this Clause 9.3 shall reduce the Commitments of the Lenders rateably under the Facility.

  • Notice of Cancellation Any notice of cancellation given by the Borrower pursuant to Clause 7.1 (Cancellation) shall be irrevocable and shall specify the date upon which such cancellation is to be made and the amount of such cancellation.

  • Prepayment and Cancellation 8.1 Mandatory prepayment - illegality

  • Certificate of Cancellation On completion of the winding up of the Company as provided herein and under the Act, the Members (or such other Person or Persons as the Act may require or permit) shall file a certificate of cancellation with the Secretary of State of the State of Delaware and take such other actions as may be necessary to terminate the existence of the Company. Upon the filing of such certificate of cancellation, the existence of the Company shall terminate, except as may be otherwise provided by the Act or by Applicable Law.

  • Winding Up and Certificate of Cancellation The winding up of the LLC shall be completed when all of its debts, liabilities and obligations have been paid and discharged or reasonably adequate provisions therefore has been made, and all of the remaining property and assets of the LLC have been distributed to the Member. Upon the completion of the winding up of the LLC, a Certificate of Cancellation of the LLC shall be filed with the Delaware Secretary of State.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!