TERMINATION OR SUSPENSION. A. If at any time the Non-Federal Sponsor fails to fulfill its obligations under this Agreement, the Government may suspend or terminate construction of the Project unless the Assistant Secretary of the Army (Civil Works) determines that continuation of such work is in the interest of the United States or is necessary in order to satisfy agreements with other non-Federal interests. B. If the Government determines at any time that the Federal funds made available for construction of the Project are not sufficient to complete such work, the Government shall so notify the Non-Federal Sponsor in writing within 30 calendar days, and upon exhaustion of such funds, the Government shall suspend construction until there are sufficient funds appropriated by the Congress and funds provided by the Non-Federal Sponsor to allow construction to resume. C. If hazardous substances regulated under CERCLA are found to exist in, on, or under any required real property interests, the parties shall follow the procedures set forth in Article IV. D. In the event of termination, the parties shall conclude their activities relating to design and construction of the Project. To provide for this eventuality, the Government may reserve a percentage of available funds as a contingency to pay the costs of termination, including any costs of resolution of real property acquisition, resolution of contract claims, and resolution of contract modifications. E. Any suspension or termination shall not relieve the parties of liability for any obligation incurred. Any delinquent payment owed by the Non-Federal Sponsor pursuant to this Agreement shall be charged interest at a rate, to be determined by the Secretary of the Treasury, equal to 150 per centum of the average bond equivalent rate of the 13 week Treasury bills auctioned immediately prior to the date on which such payment became delinquent, or auctioned immediately prior to the beginning of each additional 3 month period if the period of delinquency exceeds 3 months.
Appears in 3 contracts
Samples: Project Partnership Agreement, Project Partnership Agreement, Continuing Authorities Program Emergency Streambank Erosion or Shoreline Protection Projects
TERMINATION OR SUSPENSION. A. If at any time the Non-Federal Sponsor fails to fulfill its obligations under this Agreement, the Government may suspend or terminate construction of the Project Design unless the Assistant Secretary of the Army (Civil Works) determines that continuation of such work the Design is in the interest of the United States or is necessary in order to satisfy agreements with any other non-Federal interestsinterests in connection with the Project.
B. If the Government determines at any time that the Federal funds made available for construction of the Project Design are not sufficient to complete such work, the Government shall so notify the Non-Non- Federal Sponsor in writing within 30 calendar days, and upon exhaustion of such funds, the Government shall suspend construction Design until there are sufficient Federal funds appropriated by the Congress and funds provided by the Non-Federal Sponsor to allow construction Design to resume.
C. If hazardous substances regulated under CERCLA are found to exist in, on, or under any required real property interests, the parties shall follow the procedures set forth in Article IV.
D. In the event of termination, the parties shall conclude their activities relating to design the Design and construction of the Project. conduct an accounting in accordance with Article III.E. To provide for this eventuality, the Government may reserve a percentage of available funds as a contingency to pay the costs of termination, including any costs of resolution of real property acquisition, resolution of contract claims, claims and resolution of contract modifications.
E. D. Any suspension or termination shall not relieve the parties of liability for any obligation incurred. Any delinquent payment owed by the Non-Federal Sponsor pursuant to this Agreement shall be charged interest at a rate, to be determined by the Secretary of the Treasury, equal to 150 per centum of the average bond equivalent rate of the 13 week Treasury bills auctioned immediately prior to the date on which such payment became delinquent, or auctioned immediately prior to the beginning of each additional 3 month period if the period of delinquency exceeds 3 months.
Appears in 2 contracts
Samples: Design Agreement, Design Agreement
TERMINATION OR SUSPENSION. A. If at any time the Non-Federal Sponsor Town fails to fulfill its obligations under this Agreement, the State will notify the Government. The Government may shall notify the State of intent to suspend or terminate construction of the Project the State shall notify the Town of the suspension or termination of the Project unless the Assistant Secretary of the Army (Civil Works) determines that continuation of such work is in the interest of the United States or is necessary in order to satisfy agreements with other non-Federal interests.
B. If the Government determines at any time that the Federal funds made available in DRAA 13 for construction of the Project are not sufficient to complete such work, the Government shall so notify the Non-Federal Sponsor State and the State shall notify the Town in writing within 30 calendar days, and upon exhaustion of such funds, the Government shall suspend construction until there are sufficient funds appropriated by the Congress parties to the PPA and funds provided by this agreement execute an amendment that provides for cost-sharing of the Non-Federal Sponsor to allow construction to resumeremaining work.
C. If hazardous substances regulated under CERCLA are found to exist in, on, or under any required real property interests, the parties State and the Town shall follow the procedures set forth in Article IV.
D. In the event of termination, the parties State and Town shall conclude their activities relating to design and construction of the Project. To provide for this eventuality, the Government through the State may reserve a percentage of available funds as a contingency to pay the costs of termination, including any costs of resolution of real property acquisition, resolution of contract claims, and resolution of contract modifications.
E. Any suspension or termination shall not relieve the parties of liability for any obligation incurred. Any delinquent payment owed by the Non-Federal Sponsor Town pursuant to this Agreement shall be charged interest at a rate, to be determined by the Secretary of the Treasury, equal to 150 per centum of the average bond equivalent rate of the 13 week Treasury bills auctioned immediately prior to the date on which such payment became delinquent, or auctioned immediately prior to the beginning of each additional 3 month period if the period of delinquency exceeds 3 months.
Appears in 2 contracts
Samples: Local Project Partnership Agreement, Local Project Partnership Agreement
TERMINATION OR SUSPENSION. A. If at any time the Non-Federal Sponsor fails to fulfill its obligations under this Agreement, the Government may suspend or terminate construction of the Project unless the Assistant Secretary of the Army (Civil Works) determines that continuation of such work is in the interest of the United States or is necessary in order to satisfy agreements with other non-Federal interests.
B. If the Government determines at any time that the Federal funds made available for construction of the Project are not sufficient to complete such work, the Government shall so notify the Non-Federal Sponsor in writing within 30 calendar dayswriting, and upon exhaustion of such funds, the Government shall suspend construction until there are sufficient funds appropriated by the Congress and funds provided by the Non-Federal Sponsor to allow construction to resume.
C. If hazardous substances regulated under CERCLA are found to exist in, on, or under any required real property interests, the parties shall follow the procedures set forth in Article IV.
D. In the event of termination, the parties shall conclude their activities relating to design and construction of the Project. To provide for this eventuality, the Government may reserve a percentage of available funds as a contingency to pay the costs of termination, including any costs of resolution of real property acquisition, resolution of contract claims, and resolution of contract modifications.
E. Any suspension or termination shall not relieve the parties of liability for any obligation incurred. Any delinquent payment owed by the Non-Federal Sponsor pursuant to this Agreement shall be charged interest at a rate, to be determined by the Secretary of the Treasury, equal to 150 per centum of the average bond equivalent rate of the 13 week Treasury bills auctioned immediately prior to the date on which such payment became delinquent, or auctioned immediately prior to the beginning of each additional 3 month period if the period of delinquency exceeds 3 months.
Appears in 2 contracts
Samples: Feasibility Cost Sharing Agreement (Fcsa), Project Partnership Agreement
TERMINATION OR SUSPENSION. A. If at any time the Non-Federal Sponsor fails to fulfill its obligations under this Agreement, the Government may suspend or terminate construction of the Project Design unless the Assistant Secretary of the Army (Civil Works) determines that continuation of such work the Design is in the interest of the United States or is necessary in order to satisfy agreements with any other non-Federal interestsinterests in connection with the Project.
B. If the Government determines at any time that the Federal funds made available for construction of the Project Design are not sufficient to complete such work, the Government shall so notify the Non-Federal Sponsor in writing within 30 calendar dayswriting, and upon exhaustion of such funds, the Government shall suspend construction Design until there are sufficient Federal funds appropriated by the Congress and funds provided by the Non-Federal Sponsor to allow construction Design to resume.
C. If hazardous substances regulated under CERCLA are found to exist in, on, or under any required real property interests, the parties shall follow the procedures set forth in Article IV.
D. In the event of termination, the parties shall conclude their activities relating to design the Design and construction of the Project. conduct an accounting in accordance with Article III.E. To provide for this eventuality, the Government may reserve a percentage of available funds as a contingency to pay the costs of termination, including any costs of resolution of real property acquisition, resolution of contract claims, claims and resolution of contract modifications.
E. D. Any suspension or termination shall not relieve the parties of liability for any obligation previously incurred. Any delinquent payment owed by the Non-Federal Sponsor pursuant to this Agreement shall be charged interest at a rate, to be determined by the Secretary of the Treasury, equal to 150 per centum of the average bond equivalent rate of the 13 week Treasury bills auctioned immediately prior to the date on which such payment became delinquent, or auctioned immediately prior to the beginning of each additional 3 month period if the period of delinquency exceeds 3 months.
Appears in 1 contract
Samples: Design Agreement
TERMINATION OR SUSPENSION. A. If at any time the Non-Federal Sponsor fails to fulfill its obligations under this Agreement, the Government may suspend or terminate construction of the Project unless the Assistant Secretary of the Army (Civil Works) determines that continuation of such work is in the interest of the United States or is necessary in order to satisfy agreements with other non-Federal interests.
B. If the Government determines at any time that the Federal funds made available for construction of the Project are not sufficient to complete such work, the Government shall so notify the Non-Federal Sponsor in writing within 30 calendar days, and upon exhaustion of such funds, the Government shall suspend construction until there are sufficient funds appropriated by the Congress and funds provided by the Non-Federal Sponsor to allow construction to resume. In addition, the Government may suspend construction if the Maximum Cost Limit is exceeded.
C. If hazardous substances regulated under CERCLA are HTRW is found to exist in, on, or under any required real property interests, the parties shall follow the procedures set forth in Article IVIII.
D. In the event of termination, the parties shall conclude their activities relating to design and construction of the Project. To provide for this eventuality, the Government may reserve a percentage of available funds as a contingency to pay the costs of termination, including any costs of resolution of real property acquisition, resolution of contract claims, and resolution of contract modifications.
E. Any suspension or termination shall not relieve the parties of liability for any obligation incurred. Any delinquent payment owed by the Non-Federal Sponsor pursuant to this Agreement shall be charged interest at a rate, to be determined by the Secretary of the Treasury, equal to 150 per centum of the average bond equivalent rate of the 13 week Treasury bills auctioned immediately prior to the date on which such payment became delinquent, or auctioned immediately prior to the beginning of each additional 3 month period if the period of delinquency exceeds 3 months.
Appears in 1 contract
Samples: Project Partnership Agreement
TERMINATION OR SUSPENSION. A. If at any time the Non-Federal Sponsor fails Sponsors fail to fulfill its their obligations under this Agreement, the Government may suspend or terminate construction of the Project unless the Assistant Secretary of the Army (Civil Works) shall terminate this Agreement or suspend future performance under this Agreement unless she determines that continuation of such work design of the Project is in the interest of the United States or is necessary in order to satisfy agreements with any other non-Federal interestsinterests in connection with the Project.
B. If In the event the Government determines at any time projects that the amount of Federal funds made the Government will make available to the Project through the then-current fiscal year, or the amount of Federal funds the Government will make available for construction of the Project are through the upcoming fiscal year, is not sufficient to complete such workmeet the Federal share of total design costs that the Government projects to be incurred through the then-current or upcoming fiscal year, as applicable, the Government shall so notify the Non-Federal Sponsor Sponsors in writing within 30 calendar days, of such insufficiency of funds and upon of the date the Government projects that the Federal funds that will have been made available to the Project will be exhausted. Upon the exhaustion of Federal funds made available by the Government to the Project, future performance under this Agreement shall be suspended. Such suspension shall remain in effect until such fundstime that the Government notifies the Non-Federal Sponsors in writing that sufficient Federal funds are available to meet the Federal share of total design costs the Government projects to be incurred through the then-current or upcoming fiscal year, or the Government or the Non-Federal Sponsors elect to terminate this Agreement.
C. In the event the Government determines that modifications to the Project are required and that additional authorization by Congress will be required before the Government may construct such modifications, the Government shall suspend construction until there are sufficient funds appropriated by notify the Congress Non- Federal Sponsors in writing of such determinations and funds provided by the Non-Federal Sponsor to allow construction to resume.
C. If hazardous substances regulated under CERCLA are found to exist in, on, or under any required real property interests, the parties shall follow the procedures set forth in Article IVterminate this Agreement.
D. In the event of terminationthat this Agreement is terminated pursuant to this Article, the both parties shall conclude their activities relating to design the Project and construction conduct an accounting in accordance with Article IV.C. of the Projectthis Agreement. To provide for this eventuality, the Government may reserve a percentage of total Federal funds made available for the Project and an equal percentage of the total funds contributed by the Non-Federal Sponsors in accordance with Article II.B.1. of this Agreement as a contingency to pay the costs of termination, including any costs of resolution of real property acquisition, resolution of contract claims, claims and resolution of contract modifications.
E. Any termination of this Agreement or suspension or termination of future performance under this Agreement in accordance with this Article shall not relieve the parties of liability for any obligation previously incurred. Any delinquent payment owed by the Non-Federal Sponsor pursuant to this Agreement Sponsors shall be charged interest at a rate, to be determined by the Secretary of the Treasury, equal to 150 per centum of the average bond equivalent rate of the 13 week Treasury bills auctioned immediately prior to the date on which such payment became delinquent, or auctioned immediately prior to the beginning of each additional 3 month period if the period of delinquency exceeds 3 months.
Appears in 1 contract
Samples: Design Agreement
TERMINATION OR SUSPENSION. A. If at any time the Non-Federal Sponsor fails to fulfill its obligations under this Agreement, the Government may suspend or terminate construction of the Project unless the Assistant Secretary of the Army (Civil Works) determines that continuation of such work is in the interest of the United States or is necessary in order to satisfy agreements with other non-Federal interests.
B. If the Government determines at any time that the Federal funds made available for construction of the Project are not sufficient to complete such work, the Government shall so notify the Non-Federal Sponsor in writing within 30 calendar dayswriting, and upon exhaustion of such funds, the Government shall suspend construction until there are sufficient funds appropriated by the Congress and funds provided by the Non-Federal Sponsor to allow construction to resume.
C. If hazardous substances regulated under CERCLA are found to exist in, on, or under any required real property interests, the parties shall follow the procedures set forth in Article IV.
D. In the event of termination, the parties shall conclude their activities relating to design and construction of the Project. To provide for this eventuality, the Government may reserve a percentage of available funds as a contingency to pay the costs of termination, including any costs of resolution of real property acquisition, resolution of contract claims, and resolution of contract modifications.
E. Any suspension or termination shall not relieve the parties of liability for any obligation previously incurred. Any delinquent payment owed by the Non-Federal Sponsor pursuant to this Agreement shall be charged interest at a rate, to be determined by the Secretary of the Treasury, equal to 150 per centum of the average bond equivalent rate of the 13 week Treasury bills auctioned immediately prior to the date on which such payment became delinquent, or auctioned immediately prior to the beginning of each additional 3 month period if the period of delinquency exceeds 3 months.
Appears in 1 contract
Samples: Project Partnership Agreement (Ppa)
TERMINATION OR SUSPENSION. A. If at any time the Non-Federal Sponsor fails to fulfill its obligations under Article II.B., II.D., II.E., VI, or XVIII.C. of this Agreement, the Government may suspend or terminate construction of the Project unless the Assistant Secretary of the Army (Civil Works) shall terminate this Agreement or suspend future performance under this Agreement unless he determines that continuation of such work on the Project is in the interest of the United States or is necessary in order to satisfy agreements with any other non-Federal interestsinterests in connection with the Project.
B. If the Government determines at any time that the Federal funds made available for construction of the Project are not fails to receive annual appropriations in amounts sufficient to complete such workmeet Project expenditures for the then-current or upcoming fiscal year, the Government shall so notify the Non-Federal Sponsor in writing within 30 calendar dayswriting, and upon exhaustion of 60 calendar days thereafter either party may elect without penalty to terminate this Agreement or to suspend future performance under this Agreement. In the event that either party elects to suspend future performance under this Agreement pursuant to this paragraph, such funds, suspension shall remain in effect until such time as the Government shall suspend construction receives sufficient appropriations or until there are sufficient funds appropriated by either the Congress and funds provided by Government or the Non-Non- Federal Sponsor elects to allow construction to resumeterminate this Agreement.
C. If hazardous substances regulated under CERCLA are found to exist in, on, or under any required real property interests, the parties shall follow the procedures set forth in Article IV.
D. In the event that either party elects to terminate this Agreement pursuant to this Article or Article XV of terminationthis Agreement, the both parties shall conclude their activities relating to design the Project and construction proceed to a final accounting in accordance with Article VI.D. of the Project. To provide for this eventuality, the Government may reserve a percentage of available funds as a contingency to pay the costs of termination, including any costs of resolution of real property acquisition, resolution of contract claims, and resolution of contract modificationsAgreement.
E. D. Any termination of this Agreement or suspension of future performance under this Agreement in accordance with this Article or termination Article XV of this Agreement shall not relieve the parties of liability for any obligation previously incurred. Any delinquent payment owed by the Non-Federal Sponsor pursuant to this Agreement shall be charged interest at a rate, to be determined by the Secretary of the Treasury, equal to 150 per centum of the average bond equivalent rate of the 13 13-week Treasury bills auctioned immediately prior to the date on which such payment became delinquent, or auctioned immediately prior to the beginning of each additional 3 3-month period if the period of delinquency exceeds 3 months.
Appears in 1 contract
Samples: Project Cooperation Agreement
TERMINATION OR SUSPENSION. A. If at any time the Non-Federal Sponsor fails to fulfill its obligations under this Agreement, the Government may suspend or terminate construction of the Project unless the Assistant Secretary of the Army (Civil Works) determines that continuation of such work is in the interest of the United States or is necessary in order to satisfy agreements with other non-Federal interests.
B. If the Government determines at any time that the Federal funds made available for construction of the Project are not sufficient to complete such work, the Government shall so notify the Non-Federal Sponsor in writing within 30 calendar days, and upon exhaustion of such funds, the Government shall suspend construction construction, until there are sufficient funds appropriated by the Congress and funds provided by the Non-Federal Sponsor to allow construction to resume.
C. If hazardous substances regulated under CERCLA are HTRW is found to exist in, on, or under any required real property interests, the parties shall follow the procedures set forth in Article IV.
D. In the event of termination, the parties shall conclude their activities relating to design and construction of the Project. To provide for this eventuality, the Government may reserve a percentage of available funds as a contingency to pay the costs of termination, including any costs of resolution of real property acquisition, resolution of contract claims, and resolution of contract modifications.
E. Any suspension or termination shall not relieve the parties of liability for any obligation incurred. Any delinquent payment owed by the Non-Federal Sponsor pursuant to this Agreement shall be charged interest at a rate, to be determined by the Secretary of the Treasury, equal to 150 per centum of the average bond equivalent rate of the 13 week Treasury bills auctioned immediately prior to the date on which such payment became delinquent, or auctioned immediately prior to the beginning of each additional 3 month period if the period of delinquency exceeds 3 months.
Appears in 1 contract
Samples: Project Partnership Agreement
TERMINATION OR SUSPENSION. A. If at any time the Non-Federal Sponsor fails to fulfill its obligations under this Agreement, the Government may suspend or terminate construction of the Project unless the Assistant Secretary of the Army (Civil Works) determines that continuation of such work is in the interest of the United States or is necessary in order to satisfy agreements with other non-Federal interests.
B. If the Government determines at any time that the Federal funds made available for construction of the Project are not sufficient to complete such work, the Government shall so notify the Non-Federal Sponsor in writing within 30 calendar days, and upon exhaustion of such funds, the Government shall suspend construction until there are sufficient funds appropriated by the Congress and funds provided by the Non-Federal Sponsor to allow construction to resume.
C. If hazardous substances regulated under CERCLA are found to exist in, on, or under any required real property interests, the parties shall follow the procedures set forth in Article IV.
D. In the event of termination, the parties shall conclude their activities relating to design and construction of the Project. To provide for this eventuality, the Government may reserve a percentage of available funds as a contingency to pay the costs of termination, including any costs of resolution of real property acquisition, resolution of contract claims, and resolution of contract modifications.
E. Any suspension or termination shall not relieve the parties of liability for any obligation incurred. Any delinquent payment owed by the Non-Federal Sponsor pursuant to this Agreement shall be charged interest at a rate, to be determined by the Secretary of the Treasury, equal to 150 per centum of the average bond equivalent rate of the 13 week Treasury bills auctioned immediately prior to the date on which such payment became delinquent, or auctioned immediately prior to the beginning of each additional 3 month period if the period of delinquency exceeds 3 months.
Appears in 1 contract
Samples: Project Partnership Agreement
TERMINATION OR SUSPENSION. A. If at any time the Non-Federal Sponsor fails to fulfill its obligations under Articles II.B., II.E. or IV of this Agreement, the Government may suspend or terminate construction of the Project unless the Assistant Secretary of the Army (Civil Works) shall terminate this Agreement or suspend future performance under this Agreement unless he determines that continuation of such work on design of the Project is in the interest of the United States or is necessary in order to satisfy agreements with any other non-Federal interestsinterests in connection with the Project.
B. If the Government determines at any time that the Federal funds made available for construction of the Project are not fails to receive annual appropriations in amounts sufficient to complete such workmeet its share of scheduled expenditures for design for the then-current or upcoming fiscal year, the Government shall so notify the Non-Federal Sponsor in writing within 30 calendar dayswriting, and upon exhaustion of 60 calendar days thereafter either party may elect without penalty to terminate this Agreement or to suspend future performance under this Agreement. In the event that either party elects to suspend future performance under this Agreement pursuant to this paragraph, such funds, suspension shall remain in effect until such time as the Government shall suspend construction receives sufficient appropriations or until there are sufficient funds appropriated by either the Congress and funds provided by Government or the Non-Federal Sponsor elects to allow construction to resumeterminate this Agreement, whichever occurs first.
C. If hazardous substances regulated under CERCLA are found to exist in, on, or under any required real property interests, the parties shall follow the procedures set forth in Article IV.
D. In the event of terminationthat either party elects to terminate this Agreement pursuant to this Article, the both parties shall conclude their activities relating to design and construction of the Project. To provide for Project and proceed to a final accounting in accordance with Article IV.D. of this eventuality, the Government may reserve a percentage of available funds as a contingency to pay the costs of termination, including any costs of resolution of real property acquisition, resolution of contract claims, and resolution of contract modificationsAgreement.
E. D. Any termination of this Agreement or suspension or termination of future performance under this Agreement in accordance with this Article shall not relieve the parties of liability for any obligation previously incurred. Any delinquent payment owed by from the Non-Federal Sponsor pursuant to this Agreement shall be charged interest at a rate, to be determined by the Secretary of the Treasury, equal to 150 per centum of the average bond equivalent rate of the 13 13-week Treasury bills auctioned immediately prior to the date on which such payment became delinquent, or auctioned immediately prior to the beginning of each additional 3 3-month period if the period of delinquency exceeds 3 months.
Appears in 1 contract
Samples: Design Agreement
TERMINATION OR SUSPENSION. A. If at any time the Non-Federal Sponsor fails Sponsors fail to fulfill its their obligations under this Agreement, the Government may suspend or terminate construction of the Project unless the Assistant Secretary of the Army (Civil Works) determines that continuation of such work is in the interest of the United States or is necessary in order to satisfy agreements with other non-Federal interests.
B. If the Government determines at any time that the Federal funds made available in BBA 2018 for construction of the Project are not sufficient to complete such work, the Government shall so notify the Non-Federal Sponsor Sponsors in writing within 30 calendar days, and upon exhaustion of such funds, the Government shall suspend construction until there are sufficient funds appropriated by the Congress and funds provided by the Non-Federal Sponsor Sponsors to allow construction to resume.
C. If hazardous substances regulated under CERCLA are found to exist in, on, or under any required real property interests, the parties shall follow the procedures set forth in Article IV.
D. In the event of termination, the parties shall conclude their activities relating to design and construction of the Project. To provide for this eventuality, the Government may reserve a percentage of available funds as a contingency to pay the costs of termination, including any costs of resolution of real property acquisition, resolution of contract claims, and resolution of contract modifications.
E. Any suspension or termination shall not relieve the parties paiiies of liability for any obligation incurred. Any Subject to the provisions of Article XVI, any delinquent payment owed by the Non-Federal Sponsor Sponsors pursuant to this Agreement shall be charged interest at a rate, to be determined by the Secretary of the Treasury, equal to 150 per centum of the average bond equivalent rate of the 13 week Treasury bills auctioned immediately prior to the date on which such payment became delinquent, or auctioned immediately prior to the beginning of each additional 3 month period if the period of delinquency exceeds 3 months.
Appears in 1 contract
Samples: Project Partnership Agreement
TERMINATION OR SUSPENSION. A. If at any time the Non-Federal Sponsor fails Sponsors fail to fulfill its their obligations under this Agreement, the Government may suspend or terminate construction of the Project unless the Assistant Secretary of the Army (Civil Works) shall terminate this Agreement or suspend performance under Agreement unless he determines that continuation of such work design of the Project is in the interest of the United States or is necessary in order to satisfy agreements with any other non-Federal interestsinterests in connection with the Project.
B. If In the event the Government determines at any time that the amount of Federal funds made the Government will make available to the Project through the then-currentfiscal year, or the amount of Federal funds the Government will make available for construction of the Project are through the upcomingfiscal year, is not sufficient to complete such workmeet the Federal share of total design costs that the Government to be incurred through the then-current or upcomingfiscal year, as applicable, the Government shall so notify the Non-Federal Sponsor Sponsors in writing within 30 calendar days, of such insufficiency of funds and upon of the date the Government that the Federal funds that will have been made available to the Project will be exhausted. Upon the exhaustion of Federal funds made available by the Government to the Project, future performance under this Agreement shall be suspended. Such suspension shall remain in effect until such fundstime that the Government notifies the Non-Federal Sponsors in writing that sufficient Federal funds are available to meet the Federal share of total design costs the Government projects to be incurred through the then-current or upcoming year, or the Government or the Non-Federal Sponsors elect to terminate this Agreement.
C. In the event the Government determines that modifications to the Project are required and that additional authorizationby Congress will be required before the Government may construct such modifications, the Government shall suspend construction until there are sufficient funds appropriated by the Congress and funds provided by notify the Non-Federal Sponsor to allow construction to resume.
C. If hazardous substances regulated under CERCLA are found to exist in, on, or under any required real property interests, the parties Sponsors in writing of such determinations and shall follow the procedures set forth in Article IVterminate this Agreement.
D. In the event of terminationthat this Agreement is terminated pursuant to this Article, the both parties shall conclude their activities relating to design the Project and construction conduct an accounting in accordance with Article of the Projectthis Agreement. To provide for this eventuality, the Government may reserve a percentage of total Federal funds made available for the Project and an equal percentage of the total funds contributed by the Non-Federal Sponsors in accordance with Article 1. of this Agreement as a contingency to pay the costs of termination, including any costs of resolution of real property acquisition, resolution of contract claims, claims and resolution of contract modifications.
E. Any termination of this Agreement or suspension or termination of future performance under this Agreement in accordance with this Article shall not relieve the parties of liability for any obligation previously incurred. Any delinquent payment owed by the Non-Federal Sponsor pursuant to this Agreement Sponsors shall be charged interest at a rate, to be determined by the Secretary of the Treasury, equal to 150 per centum of the average bond equivalent rate of the 13 week Treasury bills auctioned immediately prior immediatelyprior to the date on which such payment became delinquent, or auctioned immediately prior to the beginning of each additional 3 month period if the period of delinquency exceeds 3 months.
Appears in 1 contract
Samples: Design Agreement
TERMINATION OR SUSPENSION. A. If at any time the Non-Federal Sponsor fails to fulfill its obligations under this Agreement, the Government may suspend or terminate construction of the Project unless the Assistant Secretary of the Army (Civil Works) determines that continuation of such work is in the interest of the United States or is necessary in order to satisfy agreements with other non-Federal interests.
B. If the Government determines at any time that the Federal funds made available for construction of the Project are not sufficient to complete such work, the Government shall so notify the Non-Federal Sponsor in writing within 30 calendar dayswriting, and upon exhaustion of such funds, the Government shall suspend construction until there are sufficient funds appropriated by the Congress and funds provided by the Non-Federal Sponsor to allow construction to resume. In addition, the Government may suspend construction if the Maximum Cost Limit is exceeded.
C. If hazardous substances regulated under CERCLA are found to exist in, on, or under any required real property interests, the parties shall follow the procedures set forth in Article IV.
D. In the event of termination, the parties shall conclude their activities relating to design and construction of the Project. To provide for this eventuality, the Government may reserve a percentage of available funds as a contingency to pay the costs of termination, including any costs of resolution of real property acquisition, resolution of contract claims, and resolution of contract modifications.
E. Any suspension or termination shall not relieve the parties of liability for any obligation incurred. Any delinquent payment owed by the Non-Federal Sponsor pursuant to this Agreement shall be charged interest at a rate, to be determined by the Secretary of the Treasury, equal to 150 per centum of the average bond equivalent rate of the 13 week Treasury bills auctioned immediately prior to the date on which such payment became delinquent, or auctioned immediately prior to the beginning of each additional 3 month period if the period of delinquency exceeds 3 months.
Appears in 1 contract
Samples: Project Partnership Agreement
TERMINATION OR SUSPENSION. A. If at any time the Non-Federal Sponsor fails to fulfill its obligations under this Agreement, the Government may suspend or terminate construction of the Project unless the Assistant Secretary of the Army (Civil Works) determines that continuation of such work is in the interest of the United States or is necessary in order to satisfy agreements with other non-Federal interests.
B. If the Government determines at any time that the Federal funds made available for construction of the Project are not sufficient to complete such work, the Government shall so notify the Non-Federal Sponsor in writing within 30 calendar days, and upon exhaustion of such funds, the Government shall suspend construction until there are sufficient funds appropriated by the Congress and funds provided by the Non-Federal Sponsor to allow construction to resume. In addition, the Government may suspend construction if the Maximum Cost Limit is exceeded.
C. If hazardous substances regulated under CERCLA are HTRW is found to exist in, on, or under any required real property interests, the parties shall follow the procedures set forth in Article IV.
D. In the event of termination, the parties shall conclude their activities relating to design and construction of the Project. To provide for this eventuality, the Government may reserve a percentage of available funds as a contingency to pay the costs of termination, including any costs of resolution of real property acquisition, resolution of contract claims, and resolution of contract modifications.
E. Any suspension or termination shall not relieve the parties of liability for any obligation incurred. Any delinquent payment owed by the Non-Federal Sponsor pursuant to this Agreement shall be charged interest at a rate, to be determined by the Secretary of the Treasury, equal to 150 per centum of the average bond equivalent rate of the 13 week Treasury bills auctioned immediately prior to the date on which such payment became delinquent, or auctioned immediately prior to the beginning of each additional 3 month period if the period of delinquency exceeds 3 months.
Appears in 1 contract
Samples: Project Partnership Agreement
TERMINATION OR SUSPENSION. A. If at any time the Non-Federal Sponsor fails to fulfill its obligations under this Agreement, the Government may suspend or terminate construction of the Project Design unless the Assistant Secretary of the Army (Civil Works) determines that continuation of such work the Design is in the interest of the United States or is necessary in order to satisfy agreements with any other non-Federal interestsinterests in connection with the Project.
B. If the Government determines at any time that the Federal funds made available for construction of the Project Design are not sufficient to complete such work, the Government shall so notify the Non-Non- Federal Sponsor in writing within 30 calendar days, and upon exhaustion of such funds, the Government shall suspend construction Design until there are sufficient Federal funds appropriated by the Congress and funds provided by the Non-Federal Sponsor to allow construction Design to resume.
C. If hazardous substances regulated under CERCLA are found to exist in, on, or under any required real property interests, the parties shall follow the procedures set forth in Article IV.
D. In the event of termination, the parties shall conclude their activities relating to design the Design and construction of the Project. conduct an accounting in accordance with Article III.E. To provide for this eventuality, the Government may reserve a percentage of available funds as a contingency to pay the costs of termination, including any costs of resolution of real property acquisition, resolution of contract claims, claims and resolution of contract modifications.
E. D. Any suspension or termination shall not relieve the parties of liability for any obligation incurred. Any delinquent payment owed by the Non-Federal Sponsor pursuant to this Agreement shall be charged interest at a rate, to be determined by the Secretary of the Treasury, equal to 150 per centum of the average bond equivalent rate of the 13 13-week Treasury bills auctioned immediately prior to the date on which such payment became delinquent, or auctioned immediately prior to the beginning of each additional 3 month period if the period of delinquency exceeds 3 months.
Appears in 1 contract
Samples: Design Agreement
TERMINATION OR SUSPENSION. Draft
A. If at any time the Non-Federal Sponsor fails to fulfill its obligations under this Agreement, the Government may suspend or terminate construction of the Project Stage 13 unless the Assistant Secretary of the Army (Civil Works) determines that continuation of such work is in the interest of the United States or is necessary in order to satisfy agreements with other non-Federal interests.
B. If the Government determines at any time that the Federal funds made available for construction of the Project Stage 13 are not sufficient to complete such work, the Government shall so notify the Non-Federal Sponsor in writing within 30 calendar days, and upon exhaustion of such funds, the Government shall suspend construction until there are sufficient funds appropriated by the Congress and funds provided by the Non-Federal Sponsor to allow construction to resume. In addition, the Government may suspend construction if the Maximum Cost Limit is exceeded.
C. If hazardous substances regulated under CERCLA are HTRW is found to exist in, on, or under any required real property interests, the parties shall follow the procedures set forth in Article IV.
D. In the event of termination, the parties shall conclude their activities relating to design and construction of the ProjectStage 13. To provide for this eventuality, the Government may reserve a percentage of available funds as a contingency to pay the costs of termination, including any costs of resolution of real property acquisition, resolution of contract claims, and resolution of contract modifications.
E. Any suspension or termination shall not relieve the parties of liability for any obligation incurred. Any delinquent payment owed by the Non-Federal Sponsor pursuant to this Agreement shall be charged interest at a rate, to be determined by the Secretary of the Treasury, equal to 150 per centum of the average bond equivalent rate of the 13 week Treasury bills auctioned immediately prior to the date on which such payment became delinquent, or auctioned immediately prior to the beginning of each additional 3 month period if the period of delinquency exceeds 3 months.
Appears in 1 contract
Samples: Project Partnership Agreement