Common use of Failure to Demilitarize Clause in Contracts

Failure to Demilitarize. In the event the Buyer shall fail, neglect or refuse to demilitarize the Ordnance Equipment listed in Exhibit VI, as applicable to the Obsolete Vessel purchased, in the manner and to the extent herein required, the Government, upon a ten (10) day written notice of default to the Buyer (calculated from date of mailing), shall have the right to enter the premises of the Buyer and, either with its own personnel or by contract personnel, complete demilitarization of the aforesaid Ordnance Equipment. In the event the Government exercises this option, the Buyer shall be liable to the Government for all direct and indirect costs incurred in the completion of the demilitarization and, in no event, will any part of the purchase price of any Obsolete Vessel be refunded to the Buyer by reason of the exercise of this option.