Valuation at Date of Termination Sample Clauses

Valuation at Date of Termination. As soon as practicable after a notice of termination under sub-clause 15.2 [Termination by Employer] has taken effect, the Engineer shall proceed in accordance with sub-clause 3.5 [Determinations] to agree or determine the value of the Works, Goods and Contractor's Documents, and any other sums due to the Contractor for work executed in accordance with the Contract.
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Valuation at Date of Termination. As soon as practicable after a notice of termination under Sub-Clause (Termination by Employed has taken effect, the Contract Awarder shall proceed in accordance with Sub-Clause 3.5 [Determinations] to agree or determine the value of the Works, payment after Termination Goods and Contractor's Documents, and any other sums due to the Contractor for work executed in accordance with the Contract.
Valuation at Date of Termination. As soon as practicable after a notice of termination under GCC 15.2 [Termination by Employer] has taken effect, the Project Manager shall proceed in accordance with GCC 3.5 [Determinations] to determine the value of the Works, Goods and Contractor‟s Documents, and any other sums due to the Contractor for work executed in accordance with the Contract.
Valuation at Date of Termination. As soon as practicable after a notice of termination under Sub-Clause 20.2 [Termination by Employer] has taken effect, the Employer/s shall proceed in accordance with Sub-Clause
Valuation at Date of Termination. The Employer shall then give notice that the Contractor's Equipment and Temporary Works will be released to the Contractor at or near the Site. The Contactor shall promptly arrange their removal at the risk and cost of the Contractor. However, if by this time the Contractor has failed to make a payment due to the Employer, these items may be sold by the Employer in order to recover this payment Any balance of the proceeds shall then be paid to the Contractor. As soon as practicable after a notice of termination under Sub- Clause 15.2 [Termination by Employer] has taken effect, the Engineer shall proceed in accordance with Sub-Clause 3.5 [Determinations] to agree or determine the value of the Works, Goods and Contractor´s Documents, and any other sums due to the Contractor for work executed in accordance with the Contract.

Related to Valuation at Date of Termination

  • Notice of Termination Payment As soon as practicable after calculation of a Termination Payment, notice shall be given by the Non-Defaulting Party to the Defaulting Party of the amount of the Termination Payment and whether the Termination Payment is due to or due from the Non-Defaulting Party. The notice shall include a written statement explaining in reasonable detail the calculation of such amount. Subject to Section 5.4(b) above, the Termination Payment shall be made by the Party that owes it within three (3) Business Days after such notice is effective.

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