Termination for Convenience Clause. 27.1 Either party may thereafter terminate this Agreement without cause by giving nine (9) months advance written notice to the other party. In accordance with Section 16 above, all efforts will be made by D&K to preserve existing design work, transfer intellectual and physical property to CLIENT or to a CLIENT designated third party. If termination is initiated by D&K, D&K will make reasonable efforts at granting lifetime buys or building buffer inventory to enable uninterrupted Product delivery while manufacturing responsibilities are transferred to a third party. CLIENT agrees to reimburse D&K for all inventory purchased or manufactured in accordance with Section 7.3, and all charges or costs for which D&K may have reasonably incurred in the course of performance of this Agreement.
Termination for Convenience Clause. The State may terminate the Contract whenever the Engineer determines that such termination is in the best interests of the State. Any such termination shall be effected by delivery to the Contractor of a written Notice of Termination specifying the extent to which performance of work under the Contract is terminated and the date upon which said termination shall be effective. In the case of such a termination, the Department will pay the Contractor at the Contract unit prices for the actual number of units or items of Contract work completed prior to the effective date of termination, or as may be agreed by the parties for such items of work partially completed. No claim for loss of overhead or anticipated profits shall be allowed. When the volume of work completed is too small to compensate the Contractor under Contract unit prices for its related expenses, the Department may consider reimbursing the Contractor for such expenses. Materials obtained by the Contractor for the Project, if they have been inspected, tested as required, and accepted by the Engineer, but have not been incorporated into the Project construction, shall, if the Engineer and the Contractor so agree, be purchased by the Department from the Contractor at their actual cost as shown by receipted bills. To this cost shall be added all actual costs for delivery at such points of delivery as may be designated by the Engineer, as shown by actual cost records. If the Engineer does not agree to purchase such materials, the Department shall reimburse the Contractor for any reasonable restocking fees and handling costs incurred by the Contractor in returning said materials to the vendor. Termination of the Contract shall not relieve the Contractor of its responsibilities for the completed Project, nor shall it relieve the Contractor's surety of its obligation concerning any claims arising out of the work performed, until the requirements of Article 1.08.13 and 1.08.14 have been met.
Termination for Convenience Clause. The Agency may, when the interests of the State so require, terminate this contract in whole or in part, for the convenience of the State. The Agency shall give written notice of the termination to the Contractor specifying the part of the contract terminated and when termination becomes effective. The Contractor shall incur no further obligations in connection with the terminated work and on the date set in the notice of termination the Contractor will stop work to the extent specified. The Contractor must complete the work that is not terminated by the notice of termination.
Termination for Convenience Clause
