Common use of Payment In Case Of Termination or Suspension of Project Clause in Contracts

Payment In Case Of Termination or Suspension of Project. 5.3.1 If this Contract For Professional Services is terminated by the Owner pursuant to Paragraph 5.1 of this Chapter Three, no further payment shall be made to the Professional until completion of the Project. At such time, the Professional’s compensation shall, at the Owner's option, be calculated (i) subject to the last sentence of this Subparagraph, on the basis of services actually performed and approved by the Owner and expenses actually incurred from the date of the last approved Professional Services Contract Payment Requisition up to the effective termination date; or (ii) on the basis of the payment terms set forth elsewhere herein. In either case, the Professional’s compensation shall be reduced by all costs and damages incurred by the Owner as a result of the default of the Professional.

Payment In Case Of Termination or Suspension of Project. 5.3.1 1. If this Contract For for Professional Services is terminated by the Owner OWNER pursuant to Paragraph 5.1 of this Chapter Three7A above, no further payment shall be made to the Professional CONSULTANT until completion of the Project. At such time, the Professional’s CONSULTANT’S compensation shall, at the Owner's OWNER’S option, be calculated (i) subject to the last sentence of this Subparagraph, on the basis of services actually performed and approved by the Owner OWNER and expenses actually incurred from the date of the last approved Professional Services Contract Payment Requisition up to the effective termination date; or (ii) on the basis of the payment terms set forth elsewhere herein. In either case, the Professional’s CONSULTANT’S compensation shall be reduced by all costs and damages incurred by the Owner as a result of the default of the ProfessionalCONSULTANT.

Payment In Case Of Termination or Suspension of Project. 5.3.1 If this Term Contract For Professional Services is terminated by the Owner pursuant to Paragraph 5.1 of this Chapter Three, no further payment shall be made to the Professional until completion of the ProjectProject(s). At such time, the Professional’s compensation shall, at the Owner's option, be calculated (i) subject to the last sentence of this Subparagraph, on the basis of services actually performed and approved by the Owner and expenses actually incurred from the date of the last approved Professional Services Contract Payment Requisition up to the effective termination date; or (ii) on the basis of the payment terms set forth elsewhere herein. In either case, the Professional’s compensation shall be reduced by all costs and damages incurred by the Owner as a result of the default of the Professional.

Payment In Case Of Termination or Suspension of Project. 5.3.1 1. If this Contract For for Professional Services is terminated by the Owner OWNER pursuant to Paragraph 5.1 of this Chapter Three7A above, no further payment shall be made to the Professional PROFESSIONAL until completion of the Project. At such time, the Professional’s PROFESSIONAL’S compensation shall, at the Owner's OWNER’S option, be calculated (i) subject to the last sentence of this Subparagraph, on the basis of services actually performed and approved by the Owner OWNER and expenses actually incurred from the date of the last approved Professional Services Contract Payment Requisition up to the effective termination date; or (ii) on the basis of the payment terms set forth elsewhere herein. In either case, the Professional’s PROFESSIONAL’S compensation shall be reduced by all costs and damages incurred by the Owner as a result of the default of the ProfessionalPROFESSIONAL.