Common use of Suspension of Work by Owner Clause in Contracts

Suspension of Work by Owner. Owner, in its sole discretion, may suspend performance of the Work, in whole or in part, upon written notice to Contractor, and Contractor shall suspend performance of the Work to the extent specified in such notice within twenty-four (24) hours thereof. If, within two (2) months of Owner's notice to suspend the Work, Owner fails to notify the Contractor to resume performance of the Work suspended, Contractor may, at any time thereafter, terminate the Contract, but only to the extent the Work was suspended, upon ten (10) Calendar Days written notice to Owner. In the event of a suspension under this Article 7.3 (Suspension of Work by Owner ), the Parties shall work together to minimize the impact of such suspension on the Contract Sum, Initial City Schedules, Acceptance Date and Contractor's performance hereunder and Contractor shall be entitled to an equitable adjustment in the Key Tasks set forth in the Initial City Schedules, the Acceptance Date and the Contract Sum, such pricing adjustments to be determined in accordance with Article 11.3 (Pricing of Changes).