Common use of Termination for Owner's Convenience Clause in Contracts

Termination for Owner's Convenience. Owner reserves the right to terminate this Agreement or any part thereof, due to an Act of God or for its sole convenience by providing written Notice to Contractor stating the effective date of the termination. In the event of such termination, Contractor shall immediately stop all Work hereunder and shall immediately cause any and all of its Subcontractors and material Suppliers at any tier, to immediately stop all Work, leaving the Project Site in a safe and secured condition. Contractor shall not be paid for any Work performed or costs incurred after the effective date of the termination that reasonably could have been avoided. Contractor shall be paid in accordance with the provisions of Article 7 for all Work performed and any materials obtained prior to the effective date of termination but not used; except that the amount due Contractor shall be based upon Owner's final estimate of the Work completed to the date of suspension of the Work, less any amounts required to be withheld pursuant to Article 7, and less any prior payment(s) made to or on the account of Contractor.

Termination for Owner's Convenience. 2.5.1 Owner reserves the right to terminate this Agreement Agreement, or any part thereof, due to an Act of God or for its sole convenience by providing written Notice to Contractor stating the effective date of the termination. In the event of such termination, Contractor shall immediately stop all Work hereunder and shall immediately cause any and all of its Subcontractors and material Suppliers at any tier, tier to immediately stop all Work, leaving the Project Site in a safe and secured condition. Contractor shall not be paid for any Work performed or costs incurred after the effective date of the termination that reasonably could have been avoided. . 2.5.2 Contractor shall be paid in accordance with the provisions of Article 7 for all Work performed and any materials obtained prior to the effective date of termination but not used; except provided, however, that the amount due Contractor shall be based upon Owner's final estimate of the Work completed to the date of suspension of the Work, less any amounts required to be withheld pursuant to Article 7, and less any prior payment(s) made to or on the account of Contractor.