Common use of Payment Due Upon Termination Clause in Contracts

Payment Due Upon Termination. If CM/GC terminates the Contract for cause as provided in Section 5.1.4, upon providing Owner with all releases and waivers of liens in the same manner as would be required upon Final Completion, Owner will pay CM/GC, as provided in the applicable provisions of Section 4, for the Work properly executed, and, only if CM/GC submits a Claim in the manner and time provided in Section 5.2.2, for any proven damages sustained or cost incurred for any materials, equipment, tools, construction equipment and machinery, and cancellation charges on obligations of CM/GC outstanding as of the termination. The remedies provided in this Section shall be the sole remedies of CM/GC for such termination for cause.

Payment Due Upon Termination. If CM/GC terminates the Contract for cause as provided in Section 5.1.4, upon providing Owner with all releases and waivers of liens lien in the same manner as would be required upon Final Completion, Owner will pay CM/GC, as provided in the applicable provisions of Section 4, for the Work properly executed, and, only if CM/GC submits a Claim in the manner and time provided in Section 5.2.2, for any proven damages sustained or cost incurred for any materials, equipment, tools, construction equipment and machinery, and cancellation charges on obligations of CM/GC outstanding as of the termination. The remedies provided in this Section shall be the sole remedies of CM/GC for such termination for cause.

Payment Due Upon Termination. If CM/GC terminates the Contract for cause as provided in Section 5.1.4, upon providing Owner with all releases and waivers of liens lien in the same manner as would be required upon Final Completion, Owner will pay CM/GC, as provided in the applicable provisions of Section SECTION 4., for the Work properly executed, and, only if CM/GC submits a Claim in the manner and time provided in Section 5.2.2, for any proven damages sustained or cost incurred for any materials, equipment, tools, construction equipment and machinery, and cancellation charges on obligations of CM/GC outstanding as of the termination. The remedies provided in this Section shall be the sole remedies of CM/GC for such termination for cause.