Common use of Termination and Renewal Clause in Contracts

Termination and Renewal. In the event that the PMA expires, is terminated or revoked, then the Agreement shall terminate immediately unless the State or any Replacement Manager elects to assume the Contract. Such termination in itself shall not constitute a breach of the Agreement by any Party to the Agreement and the Contractor shall not be entitled to any payment for damages or otherwise from Camelot in respect of any termination in accordance with this paragraph.

Appears in 6 contracts

Samples: Private Manager Agreement Incorporated Terms, Private Manager Agreement Incorporated Terms, Private Manager Agreement Incorporated Terms

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Termination and Renewal. In the event that the PMA expires, is terminated or revoked, then the Agreement shall terminate immediately unless the State or any Replacement Manager elects to assume the Contract. Such termination in itself shall not constitute a breach of the Agreement by any Party to the Agreement and the Contractor shall not be entitled to any payment for damages or otherwise from Camelot Xxxxxx in respect of any termination in accordance with this paragraph.

Appears in 1 contract

Samples: Management Agreement

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Termination and Renewal. In the event that the PMA expires, is terminated or revoked, then the Agreement shall terminate immediately unless the State or any Replacement Manager elects to assume the Contract. Such termination in itself shall not constitute a breach of the Agreement by any Party to the Agreement and the Contractor shall not be entitled to any payment for damages or otherwise from Camelot in respect of any termination in accordance with this paragraph. Any termination of the Agreement shall not affect any accrued rights or liabilities of any of the Parties nor shall it affect the coming into force or continuance in force of any provision of the Agreement which is expressly or by implication intended to come into or continue in force on or after such termination.

Appears in 1 contract

Samples: Private Manager Agreement Incorporated Terms

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