Common use of VARIATION AND CANCELLATION Clause in Contracts

VARIATION AND CANCELLATION. 7.1 Sandvik has the right to direct variations in the Goods ordered without separate compensation to Supplier. Variations may include, but are not limited to, increases or decreases in the quantity, changes in Specifications and execution of the Goods or any part thereof, as well as changes in the delivery schedule. If such variation has a substantial effect for the costs of Supplier, a fair adjustment of the price may be made. If Sandvik has ordered variation of its Purchase Order, Supplier shall honor its obligations arising under the altered order within the delivery time originally provided, unless such variation reasonably requires that Supplier be allowed a later delivery date. 7.2 Sandvik may cancel the Agreement, partly or in its entirety, without reason at any time. Should Sandvik cancel the Agreement, partly or in its entirety, for convenience, Sandvik shall: (a) for Goods that are ready for delivery from Supplier, and which Supplier cannot reasonably reallocate to a third party, take delivery of such part of the Goods and pay the relevant parts of the agreed price set forth in the Agreement; (b) for Goods that are not ready for delivery from Supplier, and which Supplier cannot reasonably reallocate to a third party, pay Supplier’s proven direct costs for such Goods (or the relevant part thereof) prior to the cancellation; or (c) for Goods that Supplier reasonably can and is allowed to reallocate to a third party, be entitled to such cancellation without paying any part of the price for such Goods or incurring any costs.

VARIATION AND CANCELLATION. 7.1 Sandvik has the right to direct order variations in the Goods ordered without separate compensation to Supplier. Variations may include, but are not limited to, increases or decreases in the quantity, changes in Specifications and execution of the Goods or any part thereof, as well as changes in the delivery schedule. If such variation has a substantial effect for the costs of Supplier, a fair adjustment of the price may be made. If Sandvik has ordered variation of its Purchase Order, Supplier shall honor its obligations arising under the altered order within the delivery time originally provided, unless such variation reasonably requires that Supplier be allowed a later delivery date. 7.2 Sandvik may cancel the Agreement, partly or in its entirety, without reason at any time. Should Sandvik cancel the Agreement, partly or in its entirety, for convenience, Sandvik shall: (a) for Goods that are ready for delivery from Supplier, and which Supplier cannot reasonably reallocate to a third party, take delivery of such part of the Goods and pay the relevant parts of the agreed price set forth in the Agreement; (b) for Goods that are not ready for delivery from Supplier, and which Supplier cannot reasonably reallocate to a third party, pay Supplier’s proven direct costs for such Goods (or the relevant part thereof) prior to the cancellation; or (c) for Goods that Supplier reasonably can and is allowed to reallocate to a third party, be entitled to such cancellation without paying any part of the price for such Goods or incurring any costs.

VARIATION AND CANCELLATION. 7.1 Sandvik Newtrax has the right to direct order variations in the Goods ordered without separate compensation to Supplier. Variations may include, but are not limited to, increases or decreases in the quantity, changes in Specifications and execution of the Goods or any part thereof, as well as changes in the delivery schedule. If such variation has a substantial effect for the costs of Supplier, a fair adjustment of the price may be made. If Sandvik Newtrax has ordered variation of its Purchase Order, Supplier shall honor its obligations arising under the altered order within the delivery time originally provided, unless such variation reasonably requires that Supplier be allowed a later delivery date. 7.2 Sandvik Newtrax may cancel the an Agreement, partly or in its entirety, without reason at any time. Should Sandvik Newtrax cancel the Agreement, partly or in its entirety, for convenience, Sandvik Newtrax shall: (a) for Goods that are ready for delivery from Supplier, and which Supplier cannot reasonably reallocate to a third party, take delivery of such part of the Goods and pay the relevant parts of the agreed price set forth in the Agreement; (b) for Goods that are not ready for delivery from Supplier, and which Supplier cannot reasonably reallocate to a third party, pay Supplier’s proven direct costs for such Goods (or the relevant part thereof) prior to the cancellation; or (c) for Goods that Supplier reasonably can and is allowed to reallocate to a third party, be entitled to such cancellation without paying any part of the price for such Goods or incurring any costs.

VARIATION AND CANCELLATION. 7.1 Sandvik LMS has the right to direct variations in the Goods ordered without separate compensation to Supplier. Variations may include, but are not limited to, increases or decreases in the quantity, changes in Specifications and execution of the Goods or any part thereof, as well as changes in the delivery schedule. If such variation has a substantial effect for the costs of Supplier, a fair adjustment of the price may be made. If Sandvik LMS has ordered variation of its Purchase Order, Supplier shall honor its obligations arising under the altered order within the delivery time originally provided, unless such variation reasonably requires that Supplier be allowed a later delivery date. 7.2 Sandvik LMS may cancel the Agreement, partly or in its entirety, without reason at any time. Should Sandvik LMS UK cancel the Agreement, partly or in its entirety, for convenience, Sandvik LMS UK shall: (a) for Goods that are ready for delivery from Supplier, and which Supplier cannot reasonably reallocate to a third party, take delivery of such part of the Goods and pay the relevant parts of the agreed price set forth in the Agreement; (b) for Goods that are not ready for delivery from Supplier, and which Supplier cannot reasonably reallocate to a third party, pay Supplier’s proven direct costs for such Goods (or the relevant part thereof) prior to the cancellation; or (c) for Goods that Supplier reasonably can and is allowed to reallocate to a third party, be entitled to such cancellation without paying any part of the price for such Goods or incurring any costs.