Common use of Termination Amount Payment: The Terminating Party Clause in Contracts

Termination Amount Payment: The Terminating Party. (a) shall notify the other Party of the Termination Amount including detailed support for the Termination Amount calculation; (b) shall not be required to enter into a replacement agreement in order to determine the Termination Amount; and (c) shall pay to the other Party the Termination Amount within the period of time after the Termination Date as specified in Section B of Part I (Individual Terms), whereby § 22.5 (Disputed Amounts) shall apply to the payment of the Termination Amount.

Termination Amount Payment: The Terminating Party. (a) shall notify the other Party of the Termination Amount including detailed support for the Termination Amount calculation; (b) shall not be required to enter into a replacement agreement in order to determine the Termination Amount; and (c) shall pay to the other Party the Termination Amount within the period of time after the Termination Date as specified in Section B of Part I (Individual Terms), whereby § 22.5 22.5(a) (Disputed Amounts) shall apply to the payment of the Termination Amount.