Common use of Termination Liability Clause in Contracts

Termination Liability. In the event of termination pursuant to this Article 20.2 (Boeing Rights of Termination), Boeing shall be paid as if such termination were for convenience pursuant to Article 19 (Termination for Convenience). In the event that Customer’s failure to perform is a failure to pay Boeing invoiced amounts when due, Boeing shall be entitled to late payment interest pursuant to Article 5.3 (Late Payment). Payment of the total amounts payable by Customer pursuant to this Article 20.2.2 (Termination Liability) shall constitute a total discharge of Customer’s liabilities to Boeing for termination pursuant to this Article 20.2 (Boeing Rights of Termination).