Common use of Continuation of Work Clause in Contracts

Continuation of Work. Pending resolution of any Dispute pursuant to §15.01 or §14.02, or pursuant to a binding award or determination of a court or in an arbitral proceeding, the Parties will continue to fulfill their respective obligations under this Agreement; provided that the applicable Party may withhold any amount that is the subject of the Dispute from any payment otherwise due under this Agreement during the pendency of any Dispute resolution proceeding. Upon resolution of the Dispute, any Party found owing an amount will promptly pay to the other Party any amount determined to be due, plus interest on the outstanding amount computed at the Federal Funds Rate plus 150 basis points from the date the amount should have been paid until the amount is paid in full. A Party’s undertaking to continue to fulfill its obligations under this 4845-2993-5922, v. 1 Agreement pursuant to this §15.03 shall not override its right to terminate this Agreement as provided in Article V5 hereto.

Continuation of Work. Pending resolution of any Dispute pursuant to §15.01 or §14.02Section 14.1or Section 14.2, or pursuant to a binding award or determination of a court or in an arbitral proceeding, the Parties will continue to fulfill their respective obligations under this Agreement; provided that the applicable Party may withhold any amount that is the subject of the Dispute from any payment otherwise due under this Agreement during the pendency of any Dispute resolution proceeding. Upon resolution of the Dispute, any Party found owing an amount will promptly pay to the other Party any amount determined to be due, plus interest on the outstanding amount computed at the Federal Funds Rate plus 150 basis points from the date the amount should have been paid became due hereunder until the amount is paid in full. A Party’s undertaking to continue to fulfill its obligations under this 4845-2993-5922, v. 1 Agreement pursuant to this §15.03 Section 14.3 shall not override its right to terminate this Agreement as provided in Article V5 heretoXVI hereof.

Continuation of Work. Pending resolution of any Dispute pursuant to §15.01 or §14.02, or pursuant to a binding award or determination of a court or in an arbitral proceeding, the Parties will continue to fulfill their respective obligations under this Agreement; provided that the applicable Party may withhold any amount that is the subject of the Dispute from any payment otherwise due under this Agreement during the pendency of any Dispute resolution proceeding. Upon resolution of the Dispute, any Party found owing an amount will promptly pay to the other Party any amount determined to be due, plus interest on the outstanding amount computed at the Federal Funds Rate plus 150 basis points from the date the amount should have been paid until the amount is paid in full. A Party’s undertaking to continue to fulfill its obligations under this 4845-2993-5922, v. 1 Agreement pursuant to this §15.03 shall not override its right to terminate this Agreement as provided in Article V5 hereto.

Continuation of Work. Pending resolution of any Dispute pursuant to §15.01 or §14.02Section 14.1or Section 14.2, or pursuant to a binding award or determination of a court or in an arbitral proceeding, the Parties will continue to fulfill their respective obligations under this Agreement; provided that the applicable Party may withhold any amount that is the subject of the Dispute from any payment otherwise due under this Agreement during the pendency of any Dispute resolution proceeding. Upon resolution of the the‌ Dispute, any Party found owing an amount will promptly pay to the other Party any amount determined to be due, plus interest on the outstanding amount computed at the Federal Funds Rate plus 150 basis points from the date the amount should have been paid became due hereunder until the amount is paid in full. A Party’s undertaking to continue to fulfill its obligations under this 4845-2993-5922, v. 1 Agreement pursuant to this §15.03 Section 14.3 shall not override its right to terminate this Agreement as provided in Article V5 heretoXVI hereof.