Common use of After receipt of a Notice Clause in Contracts

After receipt of a Notice. of Termination, and except as otherwise directed by the contracting officer, the contractor shall: 1. stop work under the contract on the date and to the extent specified in the Notice of Termination; 2. place no further orders or subcontracts for materials, services or facilities, except as may be necessary for completion of such portion of work under the contract as is not terminated; 3. terminate all orders and subcontracts to the extent that they relate to the performance of work terminated by the Notice of Termination; 4. assign to the Exchange, in the manner, at the times, and to the extent directed by the contracting officer, all of the right, title and interest of the contractor under the orders and subcontracts so terminated, in which case the Exchange shall have the right, in its discretion, to settle or pay any or all claims arising out of the termination of such orders and subcontracts; 5. with approval or ratification to the extent required by the Contracting Officer, settle all outstanding liabilities and termination settlement proposals arising from the termination of subcontracts; the approval or ratification will be final for purposes of this clause. 6. transfer title to and deliver to the Exchange, in the manner, at the times, and to the extent, if any, as directed by the contracting officer (a) the fabricated or unfabricated parts, work in process, completed work, supplies and other material produced as a part of, or acquired in connection with the performance of, the work terminated by the Notice of Termination, and (b) the completed or partially completed plans, drawings, information, and other property which, if the contract had been completed, would have been required to be furnished to the Exchange; 7. use its best efforts to sell, in the manner, at the times, to the extent, and at the price or prices directed or authorized by the contracting officer, any property of the types referred to in subparagraph "b (6)" above, provided, however, that the contractor: a. shall not be required to extend credit to any purchaser b. may acquire any such property under the conditions prescribed by and at a price or prices approved by the contracting officer; and provided further that the proceeds of any such transfer or disposition shall be applied in reduction of any payments to be made by the Exchange to the contractor under this contract or shall otherwise be credited to the price or cost of the work covered by this contract or paid in such other manner as the contracting officer may direct; 8. complete performance of such part of the work as shall not have been terminated by the Notice of Termination; and 9. take such action as may be necessary, or as the contracting officer may direct, for the protection and preservation of the property related to this contract which is in the possession of the contractor and in which the Exchange has or may acquire an interest.

After receipt of a Notice. of Termination, and except as otherwise directed by the contracting officer, the contractor shall: 1. stop work under the contract on the date and to the extent specified in the Notice of Termination; 2. place no further orders or subcontracts for materials, services or facilities, except as may be necessary for completion of such portion of work under the contract as is not terminated; 3. terminate all orders and subcontracts to the extent that they relate to the performance of work terminated by the Notice of Termination; 4. assign to the Exchange, in the manner, at the times, and to the extent directed by the contracting officer, all of the right, title and interest of the contractor under the orders and subcontracts so terminated, in which case the Exchange shall have the right, in its discretion, to settle or pay any or all claims arising out of the termination of such orders and subcontracts; 5. with approval or ratification to the extent required by the Contracting Officer, settle all outstanding liabilities and termination settlement proposals arising from the termination of subcontracts; the approval or ratification will be final for purposes of this clause. 6. transfer title to and deliver to the Exchange, in the manner, at the times, and to the extent, if any, as directed by the contracting officer (a) the fabricated or unfabricated parts, work in process, completed work, supplies and other material produced as a part of, or acquired in connection with the performance of, the work terminated by the Notice of Termination, and (b) the completed or partially completed plans, drawings, information, and other property which, if the contract had been completed, would have been required to be furnished to the Exchange; 7. use its best efforts to sell, in the manner, at the times, to the extent, and at the price or prices directed or authorized by the contracting officer, any property of the types referred to in subparagraph "b (6b(6)" above, provided, however, that the contractor: a. shall not be required to extend credit to any purchaser b. may acquire any such property under the conditions prescribed by and at a price or prices approved by the contracting officer; and provided further that the proceeds of any such transfer or disposition shall be applied in reduction of any payments to be made by the Exchange to the contractor under this contract or shall otherwise be credited to the price or cost of the work covered by this contract or paid in such other manner as the contracting officer may direct; 8. complete performance of such part of the work as shall not have been terminated by the Notice of Termination; and 9. take such action as may be necessary, or as the contracting officer may direct, for the protection and preservation of the property related to this contract which is in the possession of the contractor and in which the Exchange has or may acquire an interest.

After receipt of a Notice. of Termination, and except as otherwise directed by the contracting officerCity, the contractor Consultant shall: 1. stop work a. Stop Services under the contract Agreement on the date and to the extent specified in the Notice of Termination; 2. place b. Place no further orders or subcontracts (including agreements with Subconsultants) for materials, services Services, or facilities, facilities except as may be necessary for completion of such to complete the portion of work the Services under the contract as Agreement which is not terminated; 3. terminate c. Terminate all orders and subcontracts to the extent that they relate to the performance of work Services terminated by the Notice of Termination; 4. assign d. Assign to the Exchange, City in the manner, at the times, and to the extent directed by the contracting officerCity, all of the right, title title, and interest of the contractor Consultant under the orders and subcontracts so terminated, in which case the Exchange . City shall have the right, in its discretion, to settle or pay any or all claims arising out of the termination of such orders and subcontracts; 5. x. Xxxxxx all outstanding liabilities and all claims arising out of such termination of orders and subcontracts, with approval or ratification of City to the extent required by the Contracting Officer, settle all outstanding liabilities and termination settlement proposals arising from the termination of subcontracts; the City may require. City's approval or ratification will shall be final for purposes of this clause.; 6. transfer f. Transfer title and possession of Consultant's and their Subconsultants' work product to City, and execute all required documents and take all required actions to deliver to the Exchange, in the manner, at the times, and to the extent, if any, as directed by the contracting officer (a) the fabricated or unfabricated partsCity, work completed and uncompleted designs and specifications, Services in process, completed workServices, supplies supplies, and other material produced or fabricated as a part of, or acquired in connection with the performance of, the work Services terminated by the Notice of Termination, and (b) ; City acknowledges that said documents were prepared for the completed or partially completed plans, drawings, information, and other property which, if the contract had been completed, would have been required to be furnished to the Exchange; 7. use its best efforts to sell, in the manner, at the times, to the extent, and at the price or prices directed or authorized by the contracting officer, any property purpose of the types referred to in subparagraph "b (6)" above, provided, however, that the contractor:Project. a. shall not be required to extend credit to any purchaser b. may acquire any such property under the conditions prescribed by and at a price or prices approved by the contracting officer; and provided further that the proceeds g. Complete performance of any such transfer or disposition shall be applied in reduction of any payments to be made by the Exchange to the contractor under this contract or shall otherwise be credited to the price or cost of the work covered by this contract or paid in such other manner as the contracting officer may direct; 8. complete performance of such part of the work as shall Services that were not have been terminated by the Notice of Termination; and 9. take h. Take such action as may be necessary, or as the contracting officer City may direct, for the protection and preservation of the property related to this contract Agreement which is in the Consultant's possession of the contractor and in which the Exchange City has or may acquire an interest.