Common use of Rights and Obligations on Termination Clause in Contracts

Rights and Obligations on Termination. In the event of termination of this Agreement pursuant to Section 12.1 above, the parties shall have the following rights and obligations: (a) Termination of this Agreement shall not release either party from the obligation to make payment of all amounts then due and payable. (b) In the event of termination under Section 12.1(c), Company will purchase from Contractor all scheduled Finished Goods and Materials inventory affected by termination. Contractor agrees, in the event of termination under Section 12.1 (c) to, (i) immediately terminate all open purchase orders for Materials, (ii) pursue the return for refund or credit of Materials already received but not in Manufacture, and (iii) follow all reasonable instructions to minimize the cost of such termination to Company. (c) In the event of termination under Section 12.1, Contractor shall return all of Company's Materials, documents, Provided Equipment and supplies via ship method requested by Company. The shipping cost will be at the expense of the Company. (d) Contractor's obligation under Section 8 will still be enforced notwithstanding termination of this Agreement.

Rights and Obligations on Termination. In the event of termination of this Agreement pursuant to Section 12.1 13.1 above, the parties shall have the following rights and obligations: (a) Termination of this Agreement shall not release either party from the obligation to make payment of all amounts then due and payable. (b) In the event of termination under Section 12.1(c13.1(c), Company will purchase from Contractor all scheduled Finished Goods and Materials inventory affected by termination. Contractor agrees, in the event of termination under Section 12.1 13.1 (c) to, (i) immediately terminate all open purchase orders for Materials, (ii) pursue the return for refund or credit of Materials already received but not in Manufacture, and (iii) follow all reasonable instructions to minimize the cost of such termination to Company. (c) In the event of termination under Section 12.113.1, Contractor shall return all of Company's Materials, documents, Provided Equipment and supplies via ship method requested by Company. The shipping cost will be at the expense of the Company. (d) Contractor's obligation under Section 8 9 will still be enforced notwithstanding termination of this Agreement.

Rights and Obligations on Termination. In the event of termination of this Agreement pursuant to Section 12.1 19.1 above, the parties shall have the following rights and obligations: (a) Termination of this Agreement shall not release either party from the obligation to make payment of all amounts then due and payable. (b) In the event of termination under Section 12.1(c19.1(c), Company will purchase from Contractor all scheduled Finished Goods and Materials inventory affected by termination. Contractor agrees, in the event of termination under Section 12.1 (c19.1(c) to, (i) immediately terminate all open purchase orders for Materials, (ii) pursue the return for refund or credit of Materials already received but not in Manufacture, and (iii) follow all reasonable instructions to minimize the cost of such termination to Company. (c) In the event of termination under Section 12.119.1, Contractor shall return all of Company's Materials, documents, Provided Equipment and supplies via ship method requested by Company. The shipping cost will be at the expense of the Company. (d) Contractor's obligation under Section 8 14 will still be enforced notwithstanding termination of this Agreement.