Common use of Termination by the Owner for Convenience Clause in Contracts

Termination by the Owner for Convenience. 11.4.1 The Owner may, at any time, terminate the Agreement for the Owner’s convenience and without cause. 11.4.2 Upon receipt of written notice from the Owner of such termination for the Owner’s convenience, the Contractor shall 11.4.2.1 Cease operations as directed by the Owner in the notice; 11.4.2.2 Take actions necessary, or that the Owner may direct, for the protection and preservation of the Work; and 11.4.2.3 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. 11.4.3 Upon Owner’s termination for convenience, costs of the Work executed, including reasonable overhead and profit, incurred to and including the date of termination, will be due and payable to Contractor in accordance with the Agreement.