Common use of Actions Required Following Termination Clause in Contracts

Actions Required Following Termination. Upon early termination of the Work, each Party shall be immediately released from any and all obligations to the other Party (except for the obligation of each Party to pay any amount then accrued or due hereunder, or otherwise due under this Contract), Contractor immediately shall discontinue the Work and remove its personnel and construction equipment from the Site, and except for termination due to Owner’s default, Owner shall be entitled to take exclusive possession of the Materials and all or any part of the Materials delivered or en route to the Site, to the extent that Owner has paid Contractor all undisputed amounts hereunder then due and payable from Owner to Contractor. Contractor shall immediately take such steps as are reasonably necessary to preserve and protect Work completed and in progress.

Appears in 2 contracts

Samples: Procurement and Construction Contract, Procurement and Construction Contract (Clean Coal Technologies Inc.)

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Actions Required Following Termination. Upon early termination of the Work, each Party shall be immediately released from any and all obligations to the other Party (except for the obligation of each Party to pay any amount then accrued or due hereunder, or otherwise due under this ContractArticle 19), Contractor immediately EXECUTION COPY shall discontinue the Work and remove its personnel and construction equipment from the Site, and except for termination due to OwnerCompany’s default, Owner default Company shall be entitled to take exclusive possession of the Materials and all or any part of the Materials delivered or en route to the Site, to the extent that Owner Company has paid Contractor all undisputed amounts hereunder then due and payable from Owner Company to Contractor. Contractor shall immediately take such steps as are reasonably necessary to preserve and protect Work completed and in progress.

Appears in 2 contracts

Samples: Engineering, Procurement and Construction Contract (Us Geothermal Inc), Engineering, Procurement and Construction Contract (Us Geothermal Inc)

Actions Required Following Termination. Upon early termination of the Work, each Party shall be immediately released from any and all obligations to the other Party (except for the obligation of each Party to pay any amount then accrued or due hereunder, or otherwise due under this ContractArticle 19), Contractor immediately shall discontinue the Work and remove its personnel and construction equipment from the Site, and except for termination due to OwnerCompany’s default, Owner default Company shall be entitled to take exclusive possession of the Materials and all or any part of the Materials delivered or en route to the Site, to the extent that Owner Company has paid Contractor all undisputed amounts hereunder then due and payable from Owner Company to Contractor. Contractor shall immediately take such steps as are reasonably necessary to preserve and protect Work completed and in progress.. REV A

Appears in 1 contract

Samples: Construction Contract (Us Geothermal Inc)

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Actions Required Following Termination. Upon early termination of the Work, each Party shall be immediately released from any and all obligations to the other Party (except for the obligation of each Party to pay any amount then accrued or due hereunder, or otherwise due under this ContractArticle 19), Contractor immediately shall discontinue the Work and remove its personnel and construction equipment from the Site, and except for termination due to OwnerCompany’s default, Owner default Company shall be entitled to take exclusive possession of the Materials and all or any part of the Materials delivered or en route to the Site, to the extent that Owner Company has paid Contractor all undisputed amounts hereunder then due and payable from Owner Company to Contractor. Contractor shall immediately take such steps as are reasonably necessary to preserve and protect Work completed and in progress.. Raft River Pipeline Contract 05/22/06 REV A

Appears in 1 contract

Samples: Construction Contract (Us Geothermal Inc)

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