Special Cancellation Charges Sample Clauses

Special Cancellation Charges. Notwithstanding the foregoing, the following special cancellation charge schedule ("Special Cancellation Charge Schedule") shall apply to Orders that become subject to the Special Cancellation Charge Schedule pursuant to the procedures set forth below: If the price for Products Then the cancellation charge cancelled is in the following shall be in an amount equal to amounts ... the actual charges incurred but shall not exceed the following percentage of the price of the Products for the Order in question: Less than $1 million 10% $1 million or more but less than 15% $10 million $10 million or more 20% In order for an Order to become subject to the Special Cancellation Charge Schedule, it must, if accepted by the Company and fulfilled in accordance with its terms, result in a 300% increase in the Company's production rates over the quarterly run rates. The run rate shall be calculated as the average number of: Central Terminals, Access Concentrators and Subscriber Units produced in the previous quarter. If an Order meets the foregoing requirement, then the Company may, in connection with its acceptance and acknowledgement of the Order, indicate in writing to Motorola that such Order shall be treated as being subject to the Special Cancellation Charge Schedule; if Company fails to indicate in connection with its acceptance and acknowledgement of the Order, the Order shall not be subject to the Special Cancellation Schedule. If the Company in its Order indicates that such Order shall be treated as being subject to the Special Cancellation Charge Schedule, Motorola shall have seven (7) business days to indicate to Company its acceptance of such treatment; if Motorola fails to indicate acceptance of such treatment within such time period, the Order shall be deemed accepted and subject to the Special Cancellation Charge Schedule. If Motorola indicates its rejection of such treatment with seven business days, the order shall be deemed to be cancelled and of no further force and effect.
Sample 1
AutoNDA by SimpleDocs

Related to Special Cancellation Charges

  • 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;

  • 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.

  • 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.

  • 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;

  • 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.

  • 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.

  • 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.

  • Rescission or Cancellation The Servicer shall not permit any rescission or cancellation of any Receivable except as ordered by a court of competent jurisdiction or other Governmental Authority or in accordance with the normal operating procedures of the Servicer.

Time is Money Join Law Insider Premium to draft better contracts faster.