Common use of Invalid Default Termination Clause in Contracts

Invalid Default Termination. If, after termination pursuant to this Article 20.1, it is finally determined pursuant to Article 33 (Applicable Law and Dispute Resolution) or written agreement of Customer that Boeing was not in default under Article 20.1.1 (Right to Terminate), or that the default was excusable under the Contract, the rights and obligations of the Parties shall be the same as if the termination had occurred under Article 19 (Termination for Convenience); except that Boeing shall also be entitled to recover its additional Actual Costs reasonably incurred due to such invalid default termination plus a markup of (***) of such costs.

Appears in 3 contracts

Samples: Commercial Satellite Delivery Contract (Satelites Mexicanos Sa De Cv), Commercial Satellite Delivery Contract (Satelites Mexicanos Sa De Cv), Commercial Satellite Delivery Contract (Satelites Mexicanos Sa De Cv)

AutoNDA by SimpleDocs

Invalid Default Termination. If, after termination pursuant to this Article 20.1, it is finally determined pursuant to Article 33 (Applicable Law and Dispute Resolution) or written agreement of Customer that Boeing was not in default under Article 20.1.1 (Right to Terminate), or that the default was excusable under the Contract, the rights and obligations of the Parties shall be the same as if the termination had occurred under Article 19 (Termination for Convenience); except that Boeing shall also be entitled to recover its additional Actual Costs reasonably incurred due to such invalid default termination plus a markup of ([***) **] of such costs.

Appears in 1 contract

Samples: Commercial Satellite Delivery Contract (Satelites Mexicanos Sa De Cv)

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