Common use of OPTIONAL TERMINATION BY THE AUTHORITY Clause in Contracts

OPTIONAL TERMINATION BY THE AUTHORITY. The Authority at any time, in its sole discretion, may terminate this Agreement, or postpone or delay all or any part of the Agreement, upon written notice to the Consultant. In the event of such termination, postponement, or delay, the Authority shall pay the Consultant for professional time and out-of-pocket expenses incurred by the Consultant to the date notice of such action is received by the Consultant. Consultant agrees to cause any agreement or contract entered into by Consultant with any Subconsultant to provide for an optional termination by Consultant similar to the provisions of this Section 3.2. The Authority also reserves the right to terminate this contract in the event it is found that the certification filed by Consultant in accordance with New York State Finance Law § 139-k was intentionally false or intentionally incomplete. Upon such finding, the Authority may exercise its termination right by providing written notification to the Consultant in accordance with this Section 3.2.