Common use of Termination of Agreement for Convenience of CCI Clause in Contracts

Termination of Agreement for Convenience of CCI. CCI may terminate the Agreement, or any part thereof, at any time and from time to time, for its sole convenience by giving to Contractor, in any manner prescribed in the Agreement for the giving of notices, prior written notice to such effect, stating that it is a notice of termination pursuant to the section entitled “Termination for Convenience of CCI” and stating the portion or portions (which may include the entire Agreement) so terminated. In the event of any such termination, Contractor shall immediately stop all Work within the allotted time and, unless notified by CCI to the contrary, shall immediately cancel orders and commitments to its suppliers and Subcontractors, and cause all of its suppliers or Subcontractors to cease all work related to the Agreement. In the event of such termination for convenience, CCI shall pay Contractor as a termination charge that portion of the contract price (or, if there is no contract price, that portion of the total consideration specified in the Agreement) equal to the portion of the Work completed to CCI’s satisfaction prior to such termination, together with Contractor’s actual, reasonable, verifiable direct costs, if any, incurred in closing-out such Work, less any payments made prior to such termination. Contractor shall not be paid for any Work performed after receipt of any such notice of termination relating to such Work, nor for any costs incurred by Contractor’s suppliers or Subcontractors that Contractor could reasonably have avoided. Contractor shall have no further claim against CCI on account of such termination.

Termination of Agreement for Convenience of CCI. CCI may terminate the Agreement, or any part thereof, at any time and from time to time, for its sole convenience by giving to Contractor, in any manner prescribed in the Agreement for the giving of notices, prior written notice to such effect, stating that it is a notice of termination pursuant to the section entitled “Termination for Convenience of CCI” and stating the portion or portions (which may include the entire Agreement) so terminated. In the event of any such termination, Contractor shall immediately stop all Work within the allotted time and, unless notified by CCI to the contrary, shall immediately cancel orders and commitments to its suppliers and Subcontractors, and cause all of its suppliers or Subcontractors to cease all work related to the Agreement. In the event of such termination for convenience, CCI shall pay Contractor as a termination charge that portion of the contract price (or, if there is no contract price, that portion of the total consideration specified in the Agreement) equal to the portion of the Work completed to CCI’s satisfaction prior to such termination, together with Contractor’s actual, reasonable, verifiable direct costs, if any, incurred in closing-out such Work, less any payments made prior to such termination. Contractor shall not be paid for any Work performed after receipt of any such notice of termination relating to such Work, nor for any costs incurred by Contractor’s suppliers or Subcontractors that Contractor could reasonably have avoided. Contractor shall have no further claim against again CCI on account of such termination.

Termination of Agreement for Convenience of CCI. CCI may terminate the Agreement, or any part thereof, at any time and from time to time, for its sole convenience by giving to Contractor, in any manner prescribed in the Agreement for the giving of notices, prior written notice to such effect, stating that it is a notice of termination pursuant to the section entitled “Termination for Convenience convenience of CCI” and stating the portion or portions (which may include the entire Agreement) so terminated. In the event of any such termination, Contractor shall immediately stop all Work within the allotted time and, unless notified by CCI to the contrary, shall immediately cancel orders and commitments to its suppliers and Subcontractors, and cause all of its suppliers or Subcontractors to cease all work related to the Agreement. In the event of such termination for convenience, CCI shall pay Contractor as a termination charge that portion of the contract price (or, if there is no contract price, that portion of the total consideration specified in the Agreement) equal to the portion of the Work completed to CCI’s satisfaction prior to such termination, together with Contractor’s actual, reasonable, verifiable direct costs, if any, incurred in closing-out such Work, less any payments made prior to such termination. Contractor shall not be paid for any Work performed after receipt of any such notice of termination relating to such Work, nor for any costs incurred by Contractor’s suppliers or Subcontractors that Contractor could reasonably have avoided. Contractor shall have no further claim against again CCI on account of such termination.

Termination of Agreement for Convenience of CCI. CCI Rensselaer may terminate the Agreement, or any part thereof, at any time and from time to time, for its sole convenience by giving to Contractor, in any manner prescribed in the Agreement for the giving of notices, prior written notice to such effect, stating that it is a notice of termination pursuant to the section entitled “Termination for Convenience of CCI” and stating the portion or portions (which may include the entire Agreement) so terminated. In the event of any such termination, Contractor shall immediately stop all Work within the allotted time and, unless notified by CCI Rensselaer to the contrary, shall immediately cancel orders and commitments to its suppliers and Subcontractors, and cause all of its suppliers or Subcontractors to cease all work related to the Agreement. In the event of such termination for convenience, CCI Rensselaer shall pay Contractor as a termination charge that portion of the contract price (or, if there is no contract price, that portion of the total consideration specified in the Agreement) equal to the portion of the Work completed to CCI’s satisfaction prior to such termination, together with Contractor’s actual, reasonable, verifiable direct costs, if any, incurred in closing-out such Work, less any payments made prior to such termination. Contractor shall not be paid for any Work performed after receipt of any such notice of termination relating to such Work, nor for any costs incurred by Contractor’s suppliers or Subcontractors that Contractor could reasonably have avoided. Contractor shall have no further claim against CCI Rensselaer on account of such termination.

Termination of Agreement for Convenience of CCI. CCI Signal Hill may terminate the Agreement, or any part thereof, at any time and from time to time, for its sole convenience by giving to Contractor, in any manner prescribed in the Agreement for the giving of notices, prior written notice to such effect, stating that it is a notice of termination pursuant to the section entitled “Termination for Convenience of CCI” and stating the portion or portions (which may include the entire Agreement) so terminated. In the event of any such termination, Contractor shall immediately stop all Work within the allotted time and, unless notified by CCI Signal Hill to the contrary, shall immediately cancel orders and commitments to its suppliers and Subcontractors, and cause all of its suppliers or Subcontractors to cease all work related to the Agreement. In the event of such termination for convenience, CCI Signal Hill shall pay Contractor as a termination charge that portion of the contract price (or, if there is no contract price, that portion of the total consideration specified in the Agreement) equal to the portion of the Work completed to CCI’s satisfaction prior to such termination, together with Contractor’s actual, reasonable, verifiable direct costs, if any, incurred in closing-out such Work, less any payments made prior to such termination. Contractor shall not be paid for any Work performed after receipt of any such notice of termination relating to such Work, nor for any costs incurred by Contractor’s suppliers or Subcontractors that Contractor could reasonably have avoided. Contractor shall have no further claim against CCI Signal Hill on account of such termination.