TERMINATION OR CHANGE. Buyer shall not terminate, suspend performance, reschedule or cancel delivery or issue a “hold” order under this agreement, in whole or part, without Seller’s prior written consent and upon terms that will compensate Seller for any loss or damage resulting from such action. Buyer’s liability shall include, but not be limited to, the price of product delivered or held for disposition and the price of services already performed, plus Seller’s loss of profits thereon, incurred costs and a reasonable allocation of general and administrative expenses. Depending on the product or service, any such termination shall be subject to a minimum termination charge of fifteen percent (15%) to twenty five percent (25%) of the total amount of the sales terminated.
Appears in 2 contracts
Samples: Terms and Conditions of Sale, Terms and Conditions of Sale
TERMINATION OR CHANGE. Buyer shall not terminate, suspend performance, reschedule or cancel delivery or issue a “"hold” " order under this agreement, in whole or part, without Seller’s 's prior written consent and upon terms that will compensate Seller for any loss or damage resulting from such action. Buyer’s 's liability shall include, but not be limited to, the price of product delivered or held for disposition and the price of services already performed, plus Seller’s 's loss of profits thereon, incurred costs and a reasonable allocation of general and administrative expenses. Depending on the product or service, any such termination shall be subject to a minimum termination charge of fifteen percent (15%) to twenty twenty-five percent (25%) of the total amount of the sales terminated.
Appears in 2 contracts
Samples: Terms and Conditions of Sale, Terms and Conditions of Sale
TERMINATION OR CHANGE. Buyer shall not terminate, suspend performance, reschedule or cancel delivery or issue a “"hold” " order under this agreement, in whole or part, without Seller’s 's prior written consent and upon terms that will compensate Seller for any loss or damage resulting from such action. Buyer’s 's liability shall include, but not be limited to, the price of product delivered or held for disposition and the price of services already performed, plus Seller’s 's loss of profits thereon, incurred costs and a reasonable allocation of general and administrative expenses. Depending on the product or service, any such termination shall be subject to a minimum termination charge of fifteen percent (15%) to twenty five percent (25%) of the total dollar amount of the sales terminated.
Appears in 2 contracts
Samples: Terms and Conditions of Sale, Terms and Conditions of Sale
TERMINATION OR CHANGE. Except as otherwise provided in Section 7 below, Buyer shall not terminate, suspend performance, reschedule or cancel delivery or issue a “"hold” " order under this agreementAgreement, in whole or part, without Seller’s 's prior written consent and upon terms that will compensate Seller for any loss or damage resulting from such action. Buyer’s 's liability shall include, but not be limited to, the price of product delivered or held for disposition and the price of services already performed, plus Seller’s 's loss of profits thereon, incurred costs and a reasonable allocation of general and administrative expenses. Depending on the product or service, any such termination shall be subject to a minimum termination charge of fifteen percent (15%) to twenty five percent (25%) of the total dollar amount of the sales terminated.
Appears in 2 contracts
Samples: Sales Contracts, Sales Contracts
TERMINATION OR CHANGE. Buyer shall not terminate, suspend performance, reschedule or cancel delivery or issue a “"hold” " order under this underthis agreement, in whole or part, without Seller’s 's prior written consent and upon terms that will compensate Seller for any loss or damage resulting from such action. Buyer’s 's liability shall include, but not be limited to, the price of product delivered or held for disposition and the price of services already performed, plus Seller’s 's loss of profits thereon, incurred costs and a reasonable allocation of general and administrative expenses. Depending on the product or service, any such termination shall be subject to a minimum termination charge of fifteen percent (15%) to twenty five percent (25%) of the total amount of the sales terminated.
Appears in 2 contracts
Samples: Terms and Conditions of Sale, Terms and Conditions of Sale
TERMINATION OR CHANGE. Buyer shall not terminate, suspend performance, reschedule reschedule, or cancel delivery or issue a “hold” order under this agreement, in whole or part, without Seller’s prior written consent and upon terms that will compensate Seller for any loss or damage resulting from such action. Buyer’s liability shall include, but not be limited to, the price of product delivered or held for disposition and the price of services already performed, plus Seller’s loss of profits thereon, incurred costs and a reasonable allocation of general and administrative expenses. Depending on the product or service, any such termination shall be subject to a minimum termination charge of fifteen percent (15%) to twenty five percent (25%) of the total amount of the sales terminated.
Appears in 1 contract
Samples: Terms of Sale