Common use of Program Termination Clause in Contracts

Program Termination. The parties acknowledge and agree that Boeing may, in its sole discretion, terminate all or part of this Agreement, including any Order issued hereunder, by written notice to Seller, if Boeing decides not to initiate or continue production of the program which the Product supports, by reason of Boeing's determination that there is insufficient business basis for proceeding with such program. In the event of such a termination, Boeing shall have no liability to Seller except as expressly provided in GTA Section 25.2 below.

Appears in 1 contract

Samples: General Terms Agreement (Lmi Aerospace Inc)

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Program Termination. The parties acknowledge and agree that Boeing may, in its sole discretion, terminate all or part of this Agreement, including any Order issued hereunder, by written notice to Seller, if Boeing decides not to initiate or continue production of the program which the Product supportsa Boeing Model Airplane, by reason of Boeing's determination that there is insufficient business basis for proceeding with such programAirplane. In the event of such a termination, Boeing shall have no liability to Seller except as expressly provided in GTA Section 25.2 below.

Appears in 1 contract

Samples: General Terms Agreement (Pacific Aerospace & Electronics Inc)

Program Termination. The parties acknowledge and agree that Boeing may, in its sole discretion, terminate all or part of this Agreement, including any Order issued hereunder, by written notice to Seller, if Boeing decides not to initiate or continue production of the program which the Product supports, by reason of Boeing's ’s determination that there is insufficient business basis for proceeding with such program. In the event of such a termination, Boeing shall have no liability to Seller except as expressly provided in GTA Section 25.2 below.

Appears in 1 contract

Samples: General Terms Agreement (Titanium Metals Corp)

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Program Termination. The parties acknowledge and agree that Boeing may, in its sole discretion, terminate all any model of Program Airplane or part of Derivative from this Agreement, Agreement including any Order issued hereunder, by written notice to Seller, if Boeing decides does not to initiate or continue terminates production of such model of Program Airplane or Derivative involving the program which the Product supportsProduct, by reason of Boeing's determination that there is insufficient business basis for proceeding with such programmodel of Program Airplane or Derivative. In the event of such a termination, Boeing shall have no liability to Seller except as expressly provided in GTA Section 25.2 below.

Appears in 1 contract

Samples: General Terms Agreement (Spirit AeroSystems Holdings, Inc.)

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