Suspension by Buyer. Buyer may suspend the performance of Services or provision of Goods at any time and for any reason. Seller will recommence performance of Services and/or provision of Goods as soon as directed by Buyer. Seller will not be entitled to any extra costs of increase in the Price as a direct result of any suspension, unless the suspension was directed by Buyer without any fault on the part of Seller, in which case the Seller may submit a claim for the standby costs associated with such suspension.
Suspension by Buyer. 1. Suspension of performance for BUYER's convenience: At the BUYER's sole discretion, the BUYER shall have the recurring right, exercisable at any time, subject to giving forty-five (45) calendar days written notice to the BUILDER, to suspend performance under this Contract in which case the BUILDER shall promptly forward to the BUYER all completed or uncompleted drawings, reports and other documents related to the BUILDER's performance under this Contract and the following provisions shall apply: - The BUYER shall pay the BUILDER the sum of (i) progress payments due under the terms of the Contract prior to the date of suspension (to the extent not already paid), (ii) the BUILDER's audited additional costs, including overhead, directly related to this Contract up to the date of suspension; (iii) the BUILDER's audited direct costs, including overhead, to mothball the VESSEL in preparation for the suspension period; (iv) a fee of Thirty Thousand United States Dollars (U.S.$30,000) per day during the period of suspension; and (v) (the BUILDER's audited direct costs, including overhead, to reactivate the construction of the VESSEL. - The BUILDER shall immediately and in consultation with the BUYER revise its work schedule or program so as to reduce as much as possible the consequences to the BUYER flowing or which may flow from such suspension. - The BUILDER shall use its best endeavors to maintain, redeploy, transfer or retain its personnel and equipment in any part of the work not suspended at the same time or in any other work for the BUYER or its affiliates under other contracts. - However, no fee or cost shall be payable by the BUYER to the BUILDER in respect of either this VESSEL or any other vessels that the BUILDER may have contracted to build for the BUYER in respect of which at the time of BUYER's notice of suspension the Construction Commencement Date for such vessel has not occurred. - The BUILDER shall notify the BUYER in writing immediately upon the BUILDER's performance hereunder being suspended, of the date and time on which the services were suspended and forward to the BUYER all other particulars which the BUILDER may rely on in making any claim under this Article. - The BUYER's right to suspend the Contract as provided herein shall be without prejudice to its right to terminate this Contract at any time in accordance with the provisions of Article XI, Paragraph 4. - The period of suspension shall not be greater than six (6) months unless oth...
Suspension by Buyer. Section 10.01 [***] SECTION XI ACCESS AND AUDITS
Suspension by Buyer
