Common use of Termination Claims Clause in Contracts

Termination Claims. After receipt of a Notice of Termination, the Lessee shall submit to LESSOR any termination claim in the form and with the certification prescribed by the LESSOR. Such claim shall be submitted promptly but in no event later than six months from the effective date of termination, unless one or more extensions in writing are granted by the LESSOR with such six month period or authorized extension thereof. However, if the LESSOR determines that the Lessors justify such action, he may receive and act upon any such termination claim at any time after such six month period or any extension thereof. Upon failure of the Lessee to submit its termination claim within the time allowed, the LESSOR may, subject to any review required by the Commonwealth procedures in effect as of the date of execution of the Lease, determine, on the basis of information available, the amount (if any) due to the Lessee by reason of the termination and shall thereupon cause to be paid to the Lessee the amount so determined. Subject to the provisions of the previous paragraph and any review required by the Commonwealth procedures in effect as of the date of execution of the Lease, the Lessee and the Commonwealth may agree upon the amounts to be paid to the Lessee by reason of the total or partial termination of work pursuant to this article. The Lease shall be amended accordingly. In the event of the failure of the Lessee and the Commonwealth to agree in whole or in part as to the amounts with respect to cost to be paid to the Lessee in connection with the total or partial termination of work pursuant to this article, the Commonwealth shall determine (on the basis of information available) the amount, if any, due to the Lessee by reason of termination and shall pay to the Lessee the amount so determined. The Lessee shall have the right of appeal, as stated under Disputes Section 41 from any such determination made by the Commonwealth.

Termination Claims. After receipt of a Notice of Termination, the Lessee Offeror shall submit to LESSOR the purchasing official any termination claim in the form and with the certification prescribed by the LESSORpurchasing official. Such claim shall be submitted promptly but in no event later than six months from the effective date of termination, unless one or more extensions in writing are granted by the LESSOR purchasing official with such six month period or authorized extension thereof. However, if the LESSOR purchasing official determines that the Lessors facts justify such action, he may receive and act upon any such termination claim at any time after such six month period or any extension thereof. Upon failure of the Lessee Offeror to submit its termination claim within the time allowed, the LESSOR purchasing official may, subject to any review required by the Commonwealth procedures in effect as of the date of execution of the Leasecontract, determine, on the basis of information availableavailable to him, the amount (if any) due to the Lessee Offeror by reason of the termination and shall thereupon cause to be paid to the Lessee Offeror the amount so determined. Subject to the provisions of the previous paragraph and any review required by the Commonwealth procedures in effect as of the date of execution of the Leasecontract, the Lessee Offeror and the Commonwealth may agree upon the amounts to be paid to the Lessee Offeror by reason of the total or partial termination of work pursuant to this article. The Lease contract shall be amended accordingly. In the event of the failure of the Lessee Offeror and the Commonwealth to agree in whole or in part as to the amounts with respect to cost to be paid to the Lessee Offeror in connection with the total or partial termination of work pursuant to this article, the Commonwealth shall determine (on the basis of information available) the amount, if any, due to the Lessee Offeror by reason of termination and shall pay to the Lessee Offeror the amount so determined. The Lessee Offeror shall have the right of appeal, as stated under Disputes Section 41 IV K from any such determination made by the Commonwealth.