Common use of Termination/Suspension by Owner Clause in Contracts

Termination/Suspension by Owner. In the event Contractor’s Work under the Main Contract is terminated, other than for Contractor’s default, prior to project completion, an equitable adjustment to the contract price for Work performed under this Subcontract prior to such termination will be made as provided for in the Main Contract; if no such provision exists, then by mutual agreement; or, failing either of these methods, by arbitration as provided for in the Disputes clause of this Subcontract. Subcontractor shall be entitled to prospective profits on unperformed Work only to the extent Contractor is able to recover such profits. In the event Owner, for any cause other than Contractor’s default, temporarily suspends Work under the Main Contract, Contractor may order Subcontractor to suspend Work under this Subcontract. Subcontractor shall be entitled to reimbursement for actual costs to preserve and protect work in progress or damage for such suspensions, only to the same extent, Contractor receives additional compensation from Owner under the provisions of the Main Contract for Subcontract Work.

Termination/Suspension by Owner. In the event Contractor’s Work under the Main Contract is terminated, other than for Contractor’s default, prior to project completion, an equitable adjustment to the contract price for Work performed under this Subcontract prior to such termination will be made as provided for in the Main Contract; if . If no such provision exists, then by mutual agreement; or, failing either of these methods, by arbitration as provided for in the Disputes clause of this Subcontract. Subcontractor shall not be entitled to prospective profits on unperformed Work only to the extent unless Contractor is able to recover such profitsprofits from Owner, and in such event only to the extent recovered from Owner. In the event Owner, Owner temporarily suspends work under the Main Contract for any cause other than Contractor’s default, temporarily suspends Work under the Main Contract, Contractor may order Subcontractor to suspend Work work under this Subcontract. Subcontractor shall not be entitled to reimbursement for actual costs to preserve and protect work in progress any additional compensation or damage for such suspensions, except, and only to the same extent, Contractor receives additional compensation from Owner under the provisions of the Main Contract for Subcontract Workwork covered by this Subcontract.