PO CANCELLATION Sample Clauses
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PO CANCELLATION. Snap-on reserves the right to cancel any PO in whole or in part any time. Supplier will cease production immediately upon notice of cancellation from Snap-on for any undelivered Products. Supplier shall use its best efforts to minimize work in progress (WIP) and component inventory. In the event of cancellation, Snap-on will pay for all delivered Products at the purchase price against such PO. Unless the applicable PO was cancelled as a result of Supplier’s failure to meet the requirements of Section 7, Snap-on may reimburse Supplier for WIP and component inventory, based on actual costs incurred by Supplier, subject to a review by Snap-on for validity of any amounts claimed and Supplier’s obligation of mitigation. In no event will Snap-on reimburse for WIP or component inventory that is not supported by the amount that would be required to deliver Products pursuant to the cancelled PO or for any WIP or component inventory that is related in any way to a PO cancelled by Snap-on in accordance with Section 7.
PO CANCELLATION. Furthermore, INFOCUS may cancel its orders in the following manner with material liabilities as per Article 5.9 1-10 0 % 0 % 0 % 11-20 0 % 25 % 0 % 21-30 0 % 50 % 50 % 31-40 0 % 100 % 100 % 41+ 100 % 100 % 100 % *Days = Business Days
PO CANCELLATION. Sun may, from time to time, cancel all or any part of a P.O. prior to shipment of the Product(s). Upon such notice from Sun, Supplier will carry out the activities listed in Section 2.10.4. below. Sun’s liability for cancellation charges shall not exceed (i) for finished goods scheduled for delivery (within the specified minimum and/or maximum quantities, if any, set forth in the Award Letter or P.O. and lead times necessary to meet Leadtime), the contract price, plus (ii) for that quantity of unfinished goods and Sun-unique Turnkey Components that are within the specified minimum quantities and agreed upon lead times, the direct costs of manufacture expended for unfinished goods and Supplier’s direct cost of Sun-unique Turnkey Components which have been procured by Supplier, pursuant to this Agreement. Payment by Sun of the cancellation charges agreed to by Sun and Supplier in accordance with this Section 2.10.2. shall constitute Sun’s entire liability for any Supplier loss, expense or damages arising out of Sun’s cancellation of the P.O. “Sun-unique Turnkey Components” means those Turnkey Components which the parties have agreed upon from time to time are used exclusively in Products sold only to Sun.
PO CANCELLATION. The Department will submit a request via email to the Business Office to cancel a PO after it has been processed.