Common use of WITHDRAWAL FROM CONTRACT Clause in Contracts

WITHDRAWAL FROM CONTRACT. a. Notwithstanding its other rights, starlim-xxxxxxx shall be entitled to withdraw from the contract, if − The delivery of the Goods is delayed or impossible for reasons beyond starlim-sterner’s control; or − The Partner refuses the performance or he is not able to perform within due time; or − starlim-xxxxxxx becomes aware of circumstances which may impair the Partner’s creditworthiness and he – on starlim-sterner’s request – did not provide a suitable security. In these cases, starlim-xxxxxxx shall be entitled to claim all damages economic losses, liquidated damages or any other statutory rights or equities caused by this withdrawal. b. In these cases, starlim-xxxxxxx shall also be entitled to withdraw from an open part of the delivery. c. If an application for opening of insolvency proceedings is filed over the Partner’s assets, the contract shall be rescinded with immediate effect.

WITHDRAWAL FROM CONTRACT. a. Notwithstanding its other rights, starlim-xxxxxxx shall be entitled to withdraw from the contract, if −  The delivery of the Goods is delayed or impossible for reasons beyond starlim-sterner’s xxxxxxx’x control; or −  The Partner refuses the performance or he is not able to perform within due time; or −  starlim-xxxxxxx becomes aware of circumstances which may impair the Partner’s creditworthiness and he – on starlim-sterner’s xxxxxxx’x request – did not provide a suitable security. In these cases, starlim-xxxxxxx shall be entitled to claim all damages economic losses, liquidated damages or any other statutory rights or equities caused by this withdrawal. b. In these cases, starlim-xxxxxxx shall also be entitled to withdraw from an open part of the delivery. c. If an application for opening of insolvency proceedings is filed over the Partner’s assets, the contract shall be rescinded with immediate effect.

WITHDRAWAL FROM CONTRACT. a. Notwithstanding its other rights, starlim-xxxxxxx shall be entitled to withdraw from the contract, if − The delivery of the Goods is delayed or impossible for reasons beyond starlim-sterner’s xxxxxxx’x control; or − The Partner refuses the performance or he is not able to perform within due time; or − starlim-xxxxxxx becomes aware of circumstances which may impair the Partner’s creditworthiness and he – on starlim-sterner’s xxxxxxx’x request – did not provide a suitable security. In these cases, starlim-xxxxxxx shall be entitled to claim all damages economic losses, liquidated damages or any other statutory rights or equities caused by this withdrawal. b. In these cases, starlim-xxxxxxx shall also be entitled to withdraw from an open part of the delivery. c. If an application for opening of insolvency proceedings is filed over the Partner’s assets, the contract shall be rescinded with immediate effect.