Common use of CANCELLATIONS Clause in Contracts

CANCELLATIONS. Any modification of the order must have Liebherr-Aerospace Montauban SAS's prior written agreement. In case of partial or total cancellation of an order by the customer less than forty-five (45) days before the scheduled delivery date, the customer is obliged to take delivery of the order and pay the entire contract price. Additionally, the customer must pay Liebherr-Aerospace Montauban SAS, as compensation, an amount corresponding to twenty percent (20%) of the total order price, plus the same amount to cover administrative expenses and all incurred expenses.