Common use of Seller Liability for Termination Costs Clause in Contracts

Seller Liability for Termination Costs. Subject to the terms of this Contract, the Government shall refund, to the Buyer, the purchase price for the vessel and the cost of performance incurred up to the time of the termination and any commercially reasonable expenses having resulted from the termination that the Buyer can demonstrate, to the satisfaction of the Government that it actually incurred. In no event will the Government be liable for consequential, special, indirect, or punitive damages, including but not limited to loss profits, arising out of or resulting from the termination of this Contract under this Termination Without Cause provision. The Buyer shall not be reimbursed for any work performed or costs incurred which reasonably could have been avoided.

Seller Liability for Termination Costs. Subject to the terms of this Contract, the Government shall refund, to the Buyer, the purchase price for the vessel and or the cost of performance incurred up to the time of the termination and any commercially reasonable expenses having resulted from the termination that the Buyer can demonstrate, to the satisfaction of the Government that it actually incurred. In no event will the Government be liable for consequential, special, indirect, or punitive damages, including but not limited to loss profits, arising out of or resulting from the termination of this Contract under this Termination Without Cause provision. The Buyer shall not be reimbursed for any work performed or costs incurred which reasonably could have been avoided.

Seller Liability for Termination Costs. Subject to the terms of this Contract, the Government shall refund, to the Buyer, the purchase price for the vessel and or the cost of performance incurred up to the time of the termination and any commercially reasonable expenses having resulted from the termination that the Buyer can demonstrate, to the satisfaction of the Government that it actually incurred. In no event will the Government be liable for consequential, special, indirect, or punitive damages, including but not limited to loss profits, arising out of or resulting from the termination of this Contract under this Termination termination Without Cause provision. The Buyer shall not be reimbursed for any work performed or costs incurred which reasonably could have been avoided.