Common use of Resumption Clause in Contracts

Resumption. If the Owner chooses to resume the Project, the Architect/Engineer shall complete its services under this Agreement and it shall be entitled to payment of any remaining unpaid fees in accordance with the General Terms and Conditions. When it receives a notice from the Owner that the suspension has been canceled, the T&B Firm shall perform all services remaining under this Agreement and it shall be entitled to an extension of time equal to the period of the suspension. If the Project is resumed within 365 days of the date it was abandoned or suspended, the fees payable to the T&B Firm shall be equal to the amounts due under this Agreement which had not been paid by the Owner to the T&B Firm. If the Project is resumed more than 365 days after the date of its abandonment or suspension, then the amounts due to the T&B Firm shall be equal to the amounts due under this Agreement which had not been paid by the Owner to the T&B Firm and shall be adjusted upward or downward in a direct ratio to any increase or decrease in the cost of living in the United States of America (as reflected by the Consumer Price Index kept by the U.S. Department of Labor) between the date of the abandonment or suspension of the Project and the date of the resumption of the Project.

Appears in 4 contracts

Samples: Agreement for Professional Services, Agreement for Professional Services, www.osceolaschools.net

AutoNDA by SimpleDocs

Resumption. If the Owner chooses to resume the Project, the Architect/Engineer shall complete its services under this Agreement and it shall be entitled to payment of any remaining unpaid fees in accordance with the General Terms and Conditions. When it receives a notice from the Owner that the suspension has been canceled, the T&B Firm Architect/Engineer shall perform all services remaining under this Agreement and it shall be entitled to an extension of time equal to the period of the suspension. If the Project is resumed within 365 days of the date it was abandoned or suspended, the fees payable to the T&B Firm Architect/Engineer shall be equal to the amounts due under this Agreement which had not been paid by the Owner to the T&B FirmArchitect/Engineer. If the Project is resumed more than 365 days after the date of its abandonment or suspension, then the amounts due to the T&B Firm Architect/Engineer shall be equal to the amounts due under this Agreement which had not been paid by the Owner to the T&B Firm Architect/Engineer and shall be adjusted upward or downward in a direct ratio to any increase or decrease in the cost of living in the United States of America (as reflected by the Consumer Price Index kept by the U.S. Department of Labor) between the date of the abandonment or suspension of the Project and the date of the resumption of the Project.

Appears in 3 contracts

Samples: Agreement for Architectural/Engineering Services, Agreement for Architectural/Engineering Services, www.osceolaschools.net

AutoNDA by SimpleDocs

Resumption. If the Owner chooses to resume the Project, the Architect/Engineer shall complete its services under this Agreement and it shall be entitled to payment of any remaining unpaid fees in accordance with the General Terms and Conditionsterms of the Agreement. When it receives a notice from the Owner that the suspension has been canceled, the T&B Firm Architect/Engineer shall perform all services remaining under this Agreement and it shall be entitled to an extension of time equal to the period of the suspension. If the Project is resumed within 365 days of the date it was abandoned or suspended, the fees payable to the T&B Firm Architect/Engineer shall be equal to the amounts due under this Agreement which had not been paid by the Owner to the T&B FirmArchitect/Engineer. If the Project is resumed more than 365 days after the date of its abandonment or suspension, then the amounts due to the T&B Firm Architect/Engineer shall be equal to the amounts due under this Agreement which had not been paid by the Owner to the T&B Firm Architect/Engineer and shall be adjusted upward or downward in a direct ratio to any increase or decrease in the cost of living in the United States of America (as reflected by the Consumer Price Index kept by the U.S. Department of Labor) between the date of the abandonment or suspension of the Project and the date of the resumption of the Project.

Appears in 1 contract

Samples: www.osceolaschools.net

Time is Money Join Law Insider Premium to draft better contracts faster.