Common use of Termination by Contractor Clause in Contracts

Termination by Contractor. This contract shall be terminated, upon election and written notice by Contractor, if Catastrophic Damage rate redetermination under D.3.2 shows that the appraised weighted average In- dicated Advertised Rate of all Included Timber remaining immediately prior to the catastrophe has been reduced through Catastrophic Damage by an amount equal to or more than the weighted average Current Contract Rate.

Termination by Contractor. This contract shall be terminated, upon election and written notice by Contractor, if Catastrophic Damage rate redetermination under D.3.2 DT.3.2 shows that the appraised weighted average In- dicated Indicated Advertised Rate of all Included Timber remaining immediately prior to the catastrophe has been reduced through Catastrophic Damage by an amount equal to or more than the weighted average Current Contract Rate.

Termination by Contractor. This contract shall be terminated, upon election and written notice no- xxxx by Contractor, if Catastrophic Damage rate redetermination redetermi- nation under D.3.2 BT3.32 shows that the appraised weighted average In- dicated Indicated Advertised Rate of all Included Timber remaining immediately prior to the catastrophe has been reduced through Catastrophic Damage by an amount equal to or more than the weighted average Current Contract Con- tract Rate.