Common use of Construction Period Termination Clause in Contracts

Construction Period Termination. Subject to Section 18.3, upon a Construction Period Termination, the Province shall pay to the Contractor a Termination Payment equal to the Capital Amount less:

Construction Period Termination. Subject to Section 18.3, upon a Construction Period Termination, the Province shall pay to the Contractor a Termination Payment equal to the net present value of the aggregate Capital Amount Payments, calculated as of the date of the Construction Period Termination and using as a discount rate the Contractor’s Weighted Average Cost of Capital, but not in any event exceeding the total amount of Project Financing anticipated by the Contractor’s Proposal; plus the amount of the Provincial Funding, less:

Construction Period Termination. ‌ Subject to Section 18.3, upon a Construction Period Termination, the Province shall pay to the Contractor a Termination Payment equal to the Capital Amount less: