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

Payment In Case Of Termination or Suspension of Project. 1. If this Contract for BROKER Services is terminated by DASNY pursuant to Paragraph 7A above, no further payment shall be made to the BROKER except at DASNY’s discretion. At such time, the BROKER’s compensation shall, at DASNY’S option, be calculated (i) subject to the last sentence of this Subparagraph, on the basis of services actually performed and approved by DASNY and expenses actually incurred from the date of the last approved payment up to the effective termination date; or (ii) on the basis of the payment terms set forth elsewhere herein. In either case, the BROKER’s compensation shall be reduced by all costs and damages incurred by XXXXX as a result of the default of the BROKER.

Payment In Case Of Termination or Suspension of Project. 1. If this Contract for BROKER Services is terminated by DASNY pursuant to Paragraph 7A above, no further payment shall be made to the BROKER except at DASNY’s discretionuntil completion of the Service. At such time, the BROKER’s compensation shall, at DASNY’S option, be calculated (i) subject to the last sentence of this Subparagraph, on the basis of services actually performed and approved by DASNY and expenses actually incurred from the date of the last approved payment invoice up to the effective termination date; or (ii) on the basis of the payment terms set forth elsewhere herein. In either case, the BROKER’s compensation shall be reduced by all costs and damages incurred by XXXXX as a result of the default of the BROKER.a

Payment In Case Of Termination or Suspension of Project. 1. If this Contract for BROKER Services is terminated by DASNY pursuant to Paragraph 7A above, no further payment shall be made to the BROKER except at DASNY’s discretionuntil completion of the Service. At such time, the BROKER’s compensation shall, at DASNY’S option, be calculated (i) subject to the last sentence of this Subparagraph, on the basis of services actually performed and approved by DASNY and expenses actually incurred from the date of the last approved payment invoice up to the effective termination date; or (ii) on the basis of the payment terms set forth elsewhere herein. In either case, the BROKER’s compensation shall be reduced by all costs and damages incurred by XXXXX DASNY as a result of the default of the BROKER.a

Payment In Case Of Termination or Suspension of Project. 1. If this Contract for BROKER Services is terminated by DASNY pursuant to Paragraph 7A above, no further payment shall be made to the BROKER except at DASNY’s discretion. At such time, the BROKER’s compensation shall, at DASNY’S option, be calculated (i) subject to the last sentence of this Subparagraph, on the basis of services actually performed and approved by DASNY and expenses actually incurred from the date of the last approved payment up to the effective termination date; or (ii) on the basis of the payment terms set forth elsewhere herein. In either case, the BROKER’s compensation shall be reduced by all costs and damages incurred by XXXXX DASNY as a result of the default of the BROKER.