Common use of Termination-Convenience Clause in Contracts

Termination-Convenience. The performance of Services under this Agreement may be terminated, in whole or in part, by Customer for Customer’s convenience at any time and for any reason on Customer giving written termination notice to Vendor and shall pay to Vendor termination charges computed in the following manner; (1) a sum computed and substantiated in accordance with standard accounting practices for those reasonable costs incurred by Vendor prior to the date of termination for completed Services, Services in process, materials directly related to the Agreement, for orderly phase out of performance as requested by Customer in order to minimize the costs of the termination and for preparation and settlement of Vendor’s termination claim and (2) a reasonable profit on such Services performed; provided, however, that Customer shall not be liable to Vendor for any costs which would not have been charged had the Agreement not been terminated nor for any sum in excess of the total price stated in the Agreement for the terminated products.

Appears in 8 contracts

Samples: Purchase Order Terms and Conditions Agreement for Computer Hardware Maintenance, Purchase Order Terms and Conditions Agreement for Computer Hardware Maintenance, Purchase Order Terms and Conditions Agreement for Computer Hardware Maintenance

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Termination-Convenience. The performance of Services under this Agreement may be terminated, in whole or in part, by Customer for Customer’s convenience at any time and for any reason on Customer giving written termination notice to Vendor and shall pay to Vendor termination charges computed in the following manner; (1) a sum computed and substantiated in accordance with standard accounting practices for those reasonable costs incurred by Vendor prior to the date of termination for completed Services, Services in process, materials directly related to the Agreement, for orderly phase out of performance as requested by Customer in order to minimize the costs of the termination and for preparation and settlement of Vendor’s termination claim and (2) a reasonable profit on such Services performed; provided, however, that Customer shall not be liable to Vendor for any costs which would not have been charged had the Agreement agreement not been terminated nor for any sum in excess of the total price stated in the Agreement for the terminated productsServices.

Appears in 7 contracts

Samples: Software Maintenance Agreement, Software Maintenance Agreement, Software Maintenance Agreement

Termination-Convenience. The performance of Services services under this Agreement may be terminated, in whole or in part, by Customer for Customer’s convenience at any time and for any reason on Customer giving written termination notice to Vendor Licensor and shall pay to Vendor Licensor termination charges computed in the following manner; (1) a sum computed and substantiated in accordance with standard accounting practices for those reasonable costs incurred by Vendor Licensor prior to the date of termination for completed Serviceswork, Services work in process, materials directly related to the Agreement, for orderly phase out of performance as requested by Customer in order to minimize the costs of the termination and for preparation and settlement of VendorLicensor’s termination claim and (2) a reasonable profit on such Services work performed; provided, however, that Customer shall not be liable to Vendor Licensor for any costs which would not have been charged had the Agreement not been terminated nor for any sum in excess of the total price stated in the Agreement for the terminated productsSoftware.

Appears in 6 contracts

Samples: Software License Agreement, Software License Agreement, Software License Agreement

Termination-Convenience. The performance of Services under this Agreement may be terminated, in whole or in part, by Customer for Customer’s convenience at any time and for any reason on Customer giving written termination notice to Vendor Seller and shall pay to Vendor Seller termination charges computed in the following manner; : (1) a sum computed and substantiated in accordance with standard accounting practices for those reasonable costs incurred by Vendor Seller prior to the date of termination for completed Services, Services in process, materials directly related to the Agreement, for orderly phase out of performance as requested by Customer in order to minimize the costs of the termination and for preparation and settlement of VendorSeller’s termination claim and (2) a reasonable profit on such Services performed; provided, however, that Customer shall not be liable to Vendor Seller for any costs which would not have been charged had the Agreement not been terminated nor for any sum in excess of the total price stated in the Agreement for the terminated productsServices.

Appears in 4 contracts

Samples: Professional Services Agreement, Professional Services Agreement, Professional Services Agreement

Termination-Convenience. The performance of Services services under this Agreement may be terminated, terminated in whole or in part, by Customer for Customer’s convenience at any time and for any reason on Customer giving written termination notice to Vendor and shall pay to Vendor termination charges computed in the following manner; (1) a sum computed and substantiated in accordance with standard accounting practices for those reasonable costs incurred by Vendor prior to the date of termination for completed Serviceswork, Services work in process, materials directly related to the Agreement, for orderly phase out of performance as requested by Customer in order to minimize the costs of the termination and for preparation and settlement of Vendor’s termination claim and (2) a reasonable profit on such Services work performed; provided, however, that Customer shall not be liable to Vendor for any costs which would not have been charged had the Agreement not been terminated nor for any sum in excess of the total price stated in the Agreement for the terminated products.

Appears in 4 contracts

Samples: Purchase Order Terms and Conditions, Purchase Order Terms and Conditions, Purchase Order for Software Development

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Termination-Convenience. The performance of Services services under this Agreement may be terminated, in whole or in part, by Customer for Customer’s convenience at any time and for any reason on Customer giving written termination notice to Vendor and shall pay to Vendor termination charges computed in the following manner; (1) a sum computed and substantiated in accordance with standard accounting practices for those reasonable costs incurred by Vendor prior to the date of termination for completed Serviceswork, Services work in process, materials directly related to the Agreement, for orderly phase out of performance as requested by Customer in order to minimize the costs of the termination and for preparation and settlement of Vendor’s termination claim and (2) a reasonable profit on such Services work performed; provided, however, that Customer shall not be liable to Vendor for any costs which would not have been charged had the Agreement not been terminated nor for any sum in excess of the total price stated in the Agreement for the terminated products.

Appears in 2 contracts

Samples: Purchase Order Terms and Conditions, Purchase Order Terms and Conditions

Termination-Convenience. The performance of Services under this Agreement may be terminated, in whole or in part, by Customer for Customer’s convenience at any time and for any reason on Customer giving written termination notice to Vendor Seller and shall pay to Vendor Seller termination charges computed in the following manner; : (1) a sum computed and substantiated in accordance with standard accounting practices for those reasonable costs incurred by Vendor Seller prior to the date of termination for completed Services, Services in process, materials directly related to the Agreement, for orderly phase out of performance as requested by Customer in order to minimize the costs of the termination and for preparation and settlement of VendorSeller’s termination claim and (2) a reasonable profit on such Services performed; provided, however, that Customer shall not be liable to Vendor Seller for any costs which would not have been charged had the Agreement not been terminated nor for any sum in excess of the total price xxxxx stated in the Agreement for the terminated productsServices.

Appears in 1 contract

Samples: Professional Services Agreement

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