Termination for Convenience by Owner. Owner shall have the right to terminate this Agreement for its convenience by providing Contractor with a written notice of termination, to be effective upon receipt by Contractor. Upon termination for convenience, Contractor shall (i) immediately discontinue the Work on the date of the notice; (ii) place no further orders for Subcontracts, Equipment, or any other items or services; (iii) promptly make every reasonable effort to procure cancellation upon terms satisfactory to Owner and Contractor of all Subcontracts, including rental agreements, unless Owner elects to take assignment of any such Subcontracts; (iv) assist Owner in the maintenance, protection, and disposition of Work in progress, including Equipment at the Site or in transit to the Site; (v) cooperate with Owner for the efficient transition of the Work; and (vi) cooperate with Owner in the transfer of Work Product (subject to Section 10.1D), including Drawings and Specifications, Permits and any other items or information and disposition of Work in progress and Owner may, at its sole option, take assignment of any or all of the Subcontracts. Contractor shall be paid the following amounts no later than twenty-five (25) Days after submission of Contractor’s invoice(s) therefor:
A. the portion of the Contract Price for the Work performed prior to termination, less that portion of the Contract Price previously paid to Contractor;
B. actual costs reasonably incurred by Contractor on account of such termination (which costs shall be adequately documented and supported by Contractor), including cancellation charges owed by Contractor to Subcontractors (provided that Owner does not take assignment of such Subcontracts) and costs associated with demobilization of Contractor’s and Subcontractors’ personnel and Construction Equipment; and
C. in respect of loss of profit, Owner shall pay Contractor a lump sum amount in accordance with the following:
1. If the Agreement is terminated (a) prior to issuance of NTP and (b) prior to June 1, 2013, One Million U.S. Dollars (U.S.$ 1,000,000);
2. If the Agreement is terminated (a) prior to issuance of NTP and (b) after June 1, 2013 and on or before December 31, 2013, Two Million Five Hundred Thousand U.S. Dollars (U.S.$2,500,000); and
3. If the Agreement is terminated after issuance of NTP, a percentage of the unpaid portion of the Contract Price in accordance with the following schedule; provided that such amount shall not exceed Thirty Million U.S. Dollars (U....
Termination for Convenience by Owner. 37.3.1 Owner may terminate this Contract without assigning any reason by giving thirty (30) days written notice of termination to the Contractor. 37.4
Termination for Convenience by Owner. Owner may terminate a Task Order or this Main Agreement for Owner’s convenience, effective upon Engineer’s receipt of notice from Owner.
Termination for Convenience by Owner. This Agreement may be terminated by the Owner for its convenience (at its sole discretion and that is not the fault of the Contractor) at any time upon at least five (5) business days written notice to the Contractor in the event that the Project is to be temporarily or permanently abandoned.
Termination for Convenience by Owner. Recovery upon Termination (other than for fault of the CM)
Termination for Convenience by Owner. This Agreement may be terminated by the Owner for its convenience (at its sole discretion and that is not the fault of the CM) at any time during the Pre- Construction Phase or Construction Phase upon at least five (5) business days written notice to the CM in the event that the Project is to be temporarily or permanently abandoned or that the parties are unable or unwilling to agree on a GMP Proposal.
Termination for Convenience by Owner. 44.5.1 Owner may terminate this Contract without assigning any reason by giving 3 (three) months written notice of termination to the O&M Operator.
Termination for Convenience by Owner. Owner shall have the right to terminate for convenience Contractor’s performance of all or any part of the Work by providing Contractor
Termination for Convenience by Owner. In the event said Contract Documents provide the Owner with the right to unilaterally terminate its contract with Contractor, Contractor shall have the right to terminate this Subcontract on the same conditions as are available to the Owner. In the event the Prime Contract is terminated prior to its completion, Subcontractor shall be entitled to payment only as follows: (a) that percentage of the Subcontract Price corresponding to the percentage of Work actually completed, as reflected on the Schedule of Values submitted by Subcontractor and approved by Contractor, or, at Contractor’s sole discretion, (b) the cost of the Work actually completed in conformity with this Agreement, plus five percent (5%) of such cost for overhead and profit. The provisions of this paragraph shall govern over any inconsistent provisions of the Contract Documents. Nothing herein contained shall require Contractor to make any claim against Owner for such additional compensation or damages in the event of termination before completion, and it is specifically agreed that the failure of Contractor to prosecute any such claim against Owner shall not entitle Subcontractor to any claim for additional compensation or damages against Contractor.
Termination for Convenience by Owner. (Required by FAA) The Owner may terminate this Contract without cause at any time by providing fifteen (15) days prior written notice to XXXX. Upon receipt of a written notice of termination, except as explicitly directed by the Owner, the XXXX shall immediately proceed with the following obligations regardless of any delay in determining or adjusting amounts due under this clause:
