Common use of Payment on Termination by Contractor Clause in Contracts

Payment on Termination by Contractor. If this Agreement is terminated or Work is stopped under Section 16.3.1 or 16.3.2, Contractor shall be entitled to payment on the same basis as if the carrying out of the Work had been canceled for Owner’s or GEC’s convenience under Section 16.2.

Appears in 6 contracts

Samples: Engineering, Procurement and Construction Agreement, Engineering, Procurement and Construction Agreement, Engineering, Procurement and Construction Agreement (USA Synthetic Fuel Corp)

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Payment on Termination by Contractor. If this Agreement is terminated or Work is stopped under Section 16.3.1 or 16.3.2, Contractor shall be entitled to payment on the same basis as if the carrying out of the Work had been canceled for Owner’s or GEC’s convenience under Section 16.2.

Appears in 2 contracts

Samples: General Services Agreement (Global Energy, Inc.), General Services Agreement (Global Energy, Inc.)

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Payment on Termination by Contractor. If this Agreement is terminated or Work is stopped under Section 16.3.1 or 16.3.2, Contractor shall be entitled to payment on the same basis as if the carrying out of the Work had been canceled for Owner’s or GEC’s convenience under Section 16.2, provided that in no event will the aggregate sum of all payments received by Contractor exceed the Contract Price.

Appears in 1 contract

Samples: Engineering, Procurement and Construction Contract (Omega Protein Corp)

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