PO CANCELLATION Sample Clauses

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.
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PO CANCELLATION. Furthermore, INFOCUS may cancel its orders in the following manner with material liabilities as per Article 5.9 Reschedule & Cancellation Matrix Reschedule Days* Product SKU Cancellation 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
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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.
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PO CANCELLATION. The Department will submit a request via email to the Business Office to cancel a PO after it has been processed.
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Related to PO CANCELLATION

  • 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.

  • 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 Subject to the payment of SIMEST Break Costs, the Borrower may, if it gives the Agent not less than thirty-five (35) days’ (or such shorter period as the Majority Lenders may agree) prior notice, cancel the whole or any part of the Available Facility. Any cancellation under this Clause 7.9 (Voluntary cancellation) shall reduce the Commitments of the Lenders rateably.

  • 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.

  • Notice of Cancellation Each insurance policy required above shall provide that coverage shall not be canceled, except with notice to City.

  • Prepayment and Cancellation 8.1 Mandatory prepayment - illegality

  • Purchase for Cancellation Subject to applicable law, meeting the solvency requirements under Bermuda law and to the provisions described in Section 6, the Partnership may at any time purchase for cancellation the whole or any part of the Series 7 Preferred Limited Partnership Units Outstanding from time to time, in the open market through or from an investment dealer or any firm holding membership on a recognized stock exchange, or by private agreement or otherwise, at the lowest price or prices at which, in the opinion of the General Partner, such units are obtainable.

  • 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.

  • Cancellation of Options In exchange for the consideration described in Section 1.2 below, the Participant hereby agrees that the Award Agreement and the Participant’s interests in the Underwater Options shall be cancelled, terminated, and of no further force or effect, effective as of the Effective Date, and that neither the Company nor the Participant shall have any further rights or obligations with respect to the Award Agreement, the Underwater Options, or with respect to which any shares of Common Stock that could have been acquired upon vesting and exercise of the Underwater Options.

  • 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;

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