Common use of Orderly Termination Clause in Contracts

Orderly Termination. (a) In the event of termination or expiry of the Agreement, each Party shall cooperate to effect an orderly wind-up of the Program. Within thirty (30) days of termination or expiry, each Party shall pay to the other any amounts owed to that other Party under this Agreement. (b) In the event of a termination of this Agreement by Canoe pursuant to Section 8.4, the Supplier shall be liable to Canoe for any costs incurred by Canoe and corresponding Administration Fees as a result of the notice of default and termination of this Agreement.

Appears in 3 contracts

Samples: Program Agreement, Program Agreement, Program Agreement

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Orderly Termination. (a) In the event of termination or expiry of the Agreement, each Party shall cooperate to effect an orderly wind-up of the Program. Within thirty (30) 30 days of termination or expiry, each Party shall pay to the other any amounts owed to that other Party under this Agreement. (b) . In the event of a termination of this Agreement by Canoe CANOE pursuant to Section 8.48.3, the Supplier shall be liable to Canoe CANOE for any costs incurred by Canoe CANOE and corresponding Administration Fees as a result of the notice of default and termination of this Agreement.

Appears in 2 contracts

Samples: Program Administration and Support Agreement, Program Administration and Support Agreement

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