Common use of Termination by City for Convenience Clause in Contracts

Termination by City for Convenience. 1. CITY may, at any time, terminate the Agreement for CITY’s convenience and without cause. 2. Upon receipt of written notice from CITY of such termination for CITY’s convenience, CONTRACTOR will: a) cease operations as directed by CITY in the notice; b) take actions necessary, or that CITY may direct, for the protection and preservation of the work; and c) except for work directed to be performed prior to the effective date of termination stated in the notice, terminate all existing subcontracts and purchase orders and enter into no further subcontracts and purchase orders. 3. In case of such termination for CITY’s convenience, CONTRACTOR will be entitled to receive payment for work executed; and costs incurred by reason of such termination, along with reasonable overhead and profit on the work not executed.