Common use of Termination Charges Calculation Clause in Contracts

Termination Charges Calculation. ‌ (a) If DIR terminates the Agreement in its entirety pursuant to Section 20.2 of the Agreement, the Termination Charges payable with respect to such termination shall be the sum of the applicable costs described in Section 11.1. If DIR terminates a Service Component or otherwise terminates the Agreement in part pursuant to Section 20.2 of the Agreement, the Termination Charges payable with respect to such termination shall be the sum of the applicable costs described in Section 10.1, equitably reduced in proportion to the portion of the terminated Services. (b) Service Provider shall invoice DIR for the Termination Charges owed Service Provider (as applicable) following the date that such Termination Charges are calculated pursuant to Section 20.10(b) of the Agreement, and such invoice shall be due and payable in accordance with Section 12 of the Agreement. Service Provider shall prepare an itemized calculation of the potential Termination Charges and deliver it to DIR within thirty (30) days after Service Provider’s receipt of the notice of termination. Such calculation shall contain such documentation as is reasonably necessary to validate the potential Termination Charges. For the avoidance of doubt, DIR shall be entitled to audit the Termination Charges in accordance with Section 9.9 of the Agreement.

Appears in 6 contracts

Samples: Master Service Agreement, Master Services Agreement, Master Service Agreement

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Termination Charges Calculation. (a) If DIR terminates the Agreement in its entirety pursuant to Section 20.2 of the Agreement, the Termination Charges payable with respect to such termination shall be the sum of the applicable costs described in Section 11.1. If DIR terminates a Service Component or otherwise terminates the Agreement in part pursuant to Section 20.2 of the Agreement, the Termination Charges payable with respect to such termination shall be the sum of the applicable costs described in Section 10.1, equitably reduced in proportion to the portion of the terminated Services. (b) Service Provider shall invoice DIR for the Termination Charges owed Service Provider (as applicable) following the date that such Termination Charges are calculated pursuant to Section 20.10(b) of the Agreement, and such invoice shall be due and payable in accordance with Section 12 of the Agreement. Service Provider shall prepare an itemized calculation of the potential Termination Charges and deliver it to DIR within thirty (30) days after Service Provider’s receipt of the notice of termination. Such calculation shall contain such documentation as is reasonably necessary to validate the potential Termination Charges. For the avoidance of doubt, DIR shall be entitled to audit the Termination Charges in accordance with Section 9.9 of the Agreement.

Appears in 6 contracts

Samples: Master Services Agreement, Master Services Agreement, Master Services Agreement

Termination Charges Calculation. (a) If DIR terminates the Agreement in its entirety pursuant to Section 20.2 of the Agreement, the Termination Charges payable with respect to such termination shall be the sum of the applicable costs described in Section 11.11. If DIR terminates a Service Component or otherwise terminates the Agreement in part pursuant to Section 20.2 of the Agreement, the Termination Charges payable with respect to such termination shall be the sum of the applicable costs described in Section 10.111.1, equitably reduced in proportion to the portion of the terminated Services. (b) Service Provider shall invoice DIR for the Termination Charges owed Service Provider (as applicable) following the date that such Termination Charges are calculated pursuant to Section 20.10(b) of the Agreement, and such invoice shall be due and payable in accordance with Section 12 of the Agreement. Service Provider shall prepare an itemized calculation of the potential Termination Charges and deliver it to DIR within thirty (30) days after Service Provider’s receipt of the notice of termination. Such calculation shall contain such documentation as is reasonably necessary to validate the potential Termination Charges. For the avoidance of doubt, DIR shall be entitled to audit the Termination Charges in accordance with Section 9.9 of the Agreement.

Appears in 4 contracts

Samples: Data Center Services Service Component Provider Master Services Agreement, Data Center Services Master Services Agreement, Data Center Services Service Component Provider Master Services Agreement

Termination Charges Calculation. (a) If DIR terminates the Agreement in its entirety pursuant to Section 20.2 of the Agreement, the Termination Charges payable with respect to such termination shall be the sum of the applicable costs described in Section 11.110.1. If DIR terminates a Service Component or otherwise terminates the Agreement in part pursuant to Section 20.2 of the Agreement, the Termination Charges payable with respect to such termination shall be the sum of the applicable costs described in Section 10.1, equitably reduced in proportion to the portion of the terminated Services. (b) Service Provider shall invoice DIR for the Termination Charges owed Service Provider (as applicable) following the date that such Termination Charges are calculated pursuant to Section 20.10(b) of the Agreement, and such invoice shall be due and payable in accordance with Section 12 of the Agreement. Service Provider shall prepare an itemized calculation of the potential Termination Charges and deliver it to DIR within thirty (30) days after Service Provider’s receipt of the notice of termination. Such calculation shall contain such documentation as is reasonably necessary to validate the potential Termination Charges. For the avoidance of doubt, DIR shall be entitled to audit the Termination Charges in accordance with Section 9.9 of the Agreement.

Appears in 4 contracts

Samples: Master Services Agreement, Master Services Agreement, Master Service Agreement

Termination Charges Calculation. ‌ (a) If DIR terminates the Agreement in its entirety pursuant to Section 20.2 of the Agreement, the Termination Charges payable with respect to such termination shall be the sum of the applicable costs described in Section 11.110.1. If DIR terminates a Service Component or otherwise terminates the Agreement in part pursuant to Section 20.2 of the Agreement, the Termination Charges payable with respect to such termination shall be the sum of the applicable costs described in Section 10.1, equitably reduced in proportion to the portion of the terminated Services. (b) Service Provider shall invoice DIR for the Termination Charges owed Service Provider (as applicable) following the date that such Termination Charges are calculated pursuant to Section 20.10(b) of the Agreement, and such invoice shall be due and payable in accordance with Section 12 of the Agreement. Service Provider shall prepare an itemized calculation of the potential Termination Charges and deliver it to DIR within thirty (30) days after Service Provider’s receipt of the notice of termination. Such calculation shall contain such documentation as is reasonably necessary to validate the potential Termination Charges. For the avoidance of doubt, DIR shall be entitled to audit the Termination Charges in accordance with Section 9.9 of the Agreement.

Appears in 3 contracts

Samples: Master Service Agreement, Master Service Agreement, Master Service Agreement

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Termination Charges Calculation. (a) If DIR terminates the Agreement in its entirety pursuant to Section 20.2 of the Agreement, the Termination Charges payable with respect to such termination shall be the sum of the applicable costs described in Section Section 11.1. If DIR terminates a Service Component or otherwise terminates the Agreement in part pursuant to Section 20.2 of the Agreement, the Termination Charges payable with respect to such termination shall be the sum of the applicable costs described in Section 10.1, equitably reduced in proportion to the portion of the terminated Services. (b) Service Provider shall invoice DIR for the Termination Charges owed Service Provider (as applicable) following the date that such Termination Charges are calculated pursuant to Section 20.10(b) of the Agreement, and such invoice shall be due and payable in accordance with Section 12 of the Agreement. Service Provider shall prepare an itemized calculation of the potential Termination Charges and deliver it to DIR within thirty (30) days after Service Provider’s receipt of the notice of termination. Such calculation shall contain such documentation as is reasonably necessary to validate the potential Termination Charges. For the avoidance of doubt, DIR shall be entitled to audit the Termination Charges in accordance with Section 9.9 of the Agreement.

Appears in 1 contract

Samples: Master Services Agreement

Termination Charges Calculation. ‌ (a) If DIR terminates the Agreement in its entirety pursuant to Section 20.2 of the Agreement, the Termination Charges payable with respect to such termination shall be the sum of the applicable costs described in Section 11.11. If DIR terminates a Service Component or otherwise terminates the Agreement in part pursuant to Section 20.2 of the Agreement, the Termination Charges payable with respect to such termination shall be the sum of the applicable costs described in Section 10.1, equitably reduced in proportion to the portion of the terminated Services. (b) Service Provider shall invoice DIR for the Termination Charges owed Service Provider (as applicable) following the date that such Termination Charges are calculated pursuant to Section 20.10(b) of the Agreement, and such invoice shall be due and payable in accordance with Section 12 of the Agreement. Service Provider shall prepare an itemized calculation of the potential Termination Charges and deliver it to DIR within thirty (30) days after Service Provider’s receipt of the notice of termination. Such calculation shall contain such documentation as is reasonably necessary to validate the potential Termination Charges. For the avoidance of doubt, DIR shall be entitled to audit the Termination Charges in accordance with Section 9.9 of the Agreement.

Appears in 1 contract

Samples: Data Center Services Service Component Provider Master Services Agreement

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