2Payment Upon Cancellation For Convenience Sample Clauses

2Payment Upon Cancellation For Convenience. In the event of cancellation for convenience, Contractor shall be paid as follows: .1An amount equivalent to the portion of the Contract Price earned by the Contractor for Work properly performed prior to the receipt of such notice and the effective date of cancellation, whichever last occurs, the direct costs of settling and paying actual and reasonable cancellation charges by Subcontractors and Vendors which are properly chargeable to the cancelled portion of the Work, plus the amount of retention held by Owner; and .2The Contractor's direct and reasonable costs of demobilization. Contractor shall take reasonable efforts to minimize such costs. Contractor shall set forth the amounts it contends are owed by Owner to Contractor pursuant to the preceding sentence in Contractor's final Application for Payment and support such amounts by proper records. Contractor's entitlement to receive its final termination payment under this provision shall require a final waiver from Contractor and from Subcontractors whose subcontracts are not being continued by Owner, such documents to be the same form and delivered under the same conditions as Final Payment absent a termination under this provision, and shall be subject to all other requirements for payment of an Application for Payment set forth in this Contract.
Sample 1
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Related to 2Payment Upon Cancellation For Convenience

  • Cancellation for convenience 19.1 The Commonwealth may cancel this Agreement by notice, due to

  • Cancellation or reduction for convenience 20.1 The Commonwealth may cancel or reduce the scope of this Agreement by notice, due to:

  • Termination for Convenience TIPS may, by written notice to Vendor, terminate this Agreement for convenience, in whole or in part, at any time by giving thirty (30) days’ written notice to Vendor of such termination, and specifying the effective date thereof.

  • Termination for Convenience of City The City shall have the right at any time by written notice to Contractor to terminate and cancel this contract, without cause, for the convenience of the City, and Contractor shall immediately stop work. In such event City shall not be liable to Contractor except for payment for actual work performed prior to such notice in an amount proportionate to the completed contract price and for the actual costs of preparations made by Contractor for the performance of the cancelled portions of the contract, including a reasonable allowance of profit applicable to the actual work performed and such preparations. Anticipatory profits and consequential damages shall not be recoverable by Contractor.

  • TERMINATION FOR CONVENIENCE BY CITY 4.04.1 The Director may terminate this Agreement at any time by giving 30 days’ written notice to Contractor, with a copy of the notice to the CPO. The City’s right to terminate this Agreement for convenience is cumulative of all rights and remedies, which exist now or in the future.

  • Termination by Owner for Convenience (a) The Owner may, at any time, terminate the Contract for the Owner's convenience without cause upon the expiration of 48 hours written notice to the Contractor of such termination.

  • Termination or Suspension for Convenience of City City may suspend or terminate this Agreement, or any portion of the Required Services, at any time and for any reason, with or without cause, by giving specific written notice to Consultant of such termination or suspension at least fifteen (15) days prior to the effective date thereof. Upon receipt of such notice, Consultant shall immediately cease all work under the Agreement and promptly deliver all “Work Product” (defined in Section 7 below) to City. Such Work Product shall be City's sole and exclusive property as provided in Section 7 hereof. Consultant shall be entitled to receive just and equitable compensation for this Work Product in an amount equal to the amount due and payable under this Agreement for work satisfactorily performed as of the date of the termination/suspension notice plus any additional remaining Required Services requested or approved by City in advance that would maximize City’s value under the Agreement.

  • TERMINATION/CANCELLATION Cancellation of orders once placed with or accepted by Seller can be made only with Seller’s consent. Should Buyer, due to good cause, desire to affect the cancellation of an accepted order, Seller will accept such cancellation on the following basis:

  • Termination or Suspension for Convenience The District reserves the right, in its sole discretion, to terminate or suspend all or part of the Contract for convenience following three (3) days written notice to the Contractor. In the event of termination or suspension for convenience, Contractor shall have no claims against the District, except:

  • Termination/Cancellation/Rejection The State specifically reserves the right upon written notice to immediately terminate the contract or any portion thereof at no additional cost to the State, providing, in the opinion of its Commissioner of Buildings and General Services, the products supplied by Contractor are not satisfactory or are not consistent with the terms of this Contract. The State also specifically reserves the right upon written notice, and at no additional cost to the State, to immediately terminate the contract for convenience and/or to immediately reject or cancel any order for convenience at any time prior to shipping notification.

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