Compensation on Termination on Force Majeure Sample Clauses

Compensation on Termination on Force Majeure. On termination of this Contract under clause 35 (Termination on Force Majeure) in whole or in part, the Authority shall pay to the Contractor the "Force Majeure Termination Sum" in accordance with clauses 38 (Gross Up of Termination Payments) and 39 (Method of Payment). The Force Majeure Termination Sum shall be an amount equivalent to fifty per cent (50%) of the applicable Contractor Breakage Costs provided that for the purposes of the Force Majeure Termination Sum, no loss of profits shall be compensated. If the amount referred to in clause 35.2.1 (Compensation on Termination on Force Majeure) is less than zero, then, for the purposes of the calculation in clause 35.2.1 (Compensation on Termination on Force Majeure) it shall be deemed to be zero. The amount payable under this clause 35.2 (Compensation on Termination on Force Majeure) shall be reduced or extinguished to the extent that the Contractor has already received such amount through the Contract Price or through the financial benefit of any other remedy given under the Contract (or, in the case of a termination of this Contract in part, will receive through future payments of the Contract Price) so that there is no double counting in calculating the relevant payment.
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
Compensation on Termination on Force Majeure. If the Contractor gives notice to the Authority under clause 50.1.6 (Termination) that it wishes to terminate this Contract, then the Authority has the option either to accept such notice or to respond in writing on or before the date falling ten (10) Business Days after the date of its receipt stating that it requires this Contract to continue. If the Authority gives the Contractor such notice, then: the Authority shall pay to the Contractor on the basis of the Baseline Cost from the Day after the date on which this Contract would have terminated under clause 50.1.6 (Termination) as if the Services were being fully provided; and this Contract will not terminate until expiry of written notice (of at least twenty (20) Business Days) from the Authority to the Contractor that it wishes this Contract to terminate. The Parties shall at all times following the occurrence of a Force Majeure Event use all reasonable endeavours to prevent and mitigate the effects of the Force Majeure Event and the Contractor shall at all times during which a Force Majeure Event is subsisting take all steps in accordance with Good Industry Practice to overcome or minimise the consequences of the Force Majeure Event. The Affected Party shall notify the other Party as soon as practicable after the Force Majeure Event ceases or no longer causes the Affected Party to be unable to comply with its obligations under this Contract. Following such notification this Contract shall continue to be performed on the terms existing immediately prior to the occurrence of the Force Majeure Event.
Sample 1
Compensation on Termination on Force Majeure. On termination of this Contract under clause 35.1 (Termination on Force Majeure), the Authority shall pay to the Contractor the “Force Majeure Termination Sum” in accordance with 39 (Method of Payment). The Force Majeure Termination Sum shall be an amount equivalent to the Contractor Breakage Costs provided that for the purposes of the Force Majeure Termination Sum, no loss of profits shall be compensated. If the amount referred to in clause 35.2.1 (Compensation on Termination on Force Majeure) is less than zero, then, for the purposes of the calculation in clause 35.2.1 (Compensation on Termination on Force Majeure) it shall be deemed to be zero. On termination under this clause 35 (Termination on Force Majeure) the Authority shall have the option to require the Contractor to transfer all of its right, title and interest in and to the Assets to the Authority or as directed by the Authority.
Sample 1

Related to Compensation on Termination on Force Majeure

  • Compensation on Termination (a) If this Project Agreement is terminated pursuant to Sections 34.3(a), 35.2(a)(ii), 36.1, 36.2 or 36.3, then:

  • Complete Disposal Upon Termination of Service Agreement Upon Termination of the Service Agreement Provider shall dispose or delete all Student Data obtained under the Service Agreement. Prior to disposition of the data, Provider shall notify LEA in writing of its option to transfer data to a separate account, pursuant to Article II, section 3, above. In no event shall Provider dispose of data pursuant to this provision unless and until Provider has received affirmative written confirmation from LEA that data will not be transferred to a separate account.

  • H3 Termination on Notice H3.1 The Authority shall have the right to terminate the Contract at any time by giving thirty (30) days written notice to the Contractor.

  • Compensation for Convenience Termination If City shall terminate for its convenience as herein provided, City shall compensate Consulting Engineer/Architect for all Engineering/Architectural Services satisfactorily completed to date of its receipt of the termination notice and any additional Engineering/Architectural Services requested by City to bring the Project to reasonable termination. Compensation shall not include anticipatory profit or consequential damages, neither of which will be allowed.

  • RESTRICTION ON OUTSIDE EMPLOYMENT 55.01 Unless otherwise specified by the Employer as being in an area that could represent a conflict of interest, employees shall not be restricted in engaging in other employment outside the hours they are required to work for the Employer.

  • Survival on Termination The following Paragraphs and Articles shall survive the termination of this Agreement:

  • 222 Termination by Forest Service This contract may be terminated by written notice from Contracting Officer, if there is Catastrophic Damage and Purchaser does not agree, under B8.32, within 30 days of receipt from Contracting Officer of contract modifications proposed to permit the harvest of the catastrophe- affected timber.

  • Termination on Audit The Authority may terminate this Framework Agreement by serving notice in writing with effect from the date specified in such notice in the circumstances set out in Clause 17.9 (Records and Audit Access).

  • Termination on Notice The Province may terminate the Agreement at any time without liability, penalty, or costs upon giving at least 30 days’ Notice to the Recipient.

  • CFR PART 200 Termination Termination for cause and for convenience by the grantee or subgrantee including the manner by which it will be eff ected and the basis for settlement. (All contracts in excess of $10,000) Pursuant to the above, when federal funds are expended by ESC Region 8 and TIPS Members, ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for cause after giving the vendor an appropriate opportunity an d up to 30 days, to cure the causal breach of terms and conditions. ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for convenience with 30 days notice in writing to the awarded vendor. The vendor would be compensated for work performed and goods procured as of the termination date if for convenience of the ESC Region 8 and TIPS Members. Any award under this procurement process is not exclusive and the ESC Region 8 and TIPS reserves the right to purchase goods and services from other vendors when it is in the best interest of t he ESC Region 8 and TIPS. Does vendor agree? Yes

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!