Common use of Abandonment or Suspension Clause in Contracts

Abandonment or Suspension. If the Owner suspends or abandons the Project, the Owner shall pay all fees and Reimbursable Expenses which have become due and payable to the Architect/Engineer pursuant to Article VIII of the General Terms and Conditions and Exhibit D, Schedule of Progress Payments and Hourly Rates. The Architect/Engineer shall not be entitled to lost profits for uncompleted work. Payment shall be made for that portion of the work that the Architect/Engineer completed prior to the abandonment or suspension and the Owner shall have no further obligation to the Architect/Engineer for the payment for any other fees, unless the Project is resumed by the Owner.

Appears in 3 contracts

Samples: Architectural/Engineering Services Agreement, Architectural/Engineering Services Agreement, Architectural/Engineering Services Agreement

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Abandonment or Suspension. If the Owner suspends or abandons the Project, the Owner shall pay all fees and Reimbursable Expenses which have become due and payable to the Architect/Engineer pursuant to Article VIII of the General Terms and Conditions and Exhibit D, D- Schedule of Progress Payments and Hourly Rates. The Architect/Engineer shall not be entitled to lost profits for uncompleted work. Payment shall be made for that portion of the work that the Architect/Engineer completed prior to the abandonment or suspension and the Owner shall have no further obligation to the Architect/Engineer for the payment for any other fees, unless the Project is resumed by the Owner.

Appears in 1 contract

Samples: Architectural/Engineering Services Agreement

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