Common use of Termination-Convenience Clause in Contracts

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

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