Common use of Vendor’s Obligations Clause in Contracts

Vendor’s Obligations. Vendor shall incur no further obligations in connection with the terminated work and on the date set in the notice of termination Vendor will stop work to the extent specified. Vendor shall also terminate outstanding orders and subcontracts as they relate to the terminated work. Vendor shall settle the liabilities and claims arising out of the termination of subcontracts and orders connected with the terminated work. The MTC or designee may direct Vendor to assign Vendor’s right, title, and interest under terminated orders or subcontracts to the MTC. Vendor must still complete the work not terminated by the notice of termination and may incur obligations as are necessary to do so.

Vendor’s Obligations. The Vendor shall incur no further obligations in connection with the terminated work and on the date set in the notice of termination termination, the Vendor will stop work to the extent specified. The Vendor shall also terminate outstanding orders and subcontracts as they relate to the terminated work. The Vendor shall settle the liabilities and claims arising out of the termination of subcontracts and orders connected with the terminated work. The MTC or designee Board may direct the Vendor to assign the Vendor’s right, title, title and interest under terminated orders or subcontracts to the MTCBoard. The Vendor must still complete the work not terminated by the notice of termination and may incur obligations as are necessary to do so.

Vendor’s Obligations. The Vendor shall incur no further obligations in connection with the terminated work and on the date set in the notice of termination the Vendor will stop work to the extent specified. The Vendor shall also terminate outstanding orders and subcontracts as they relate to the terminated work. The Vendor shall settle the liabilities and claims arising out of the termination of subcontracts subcontractors and orders connected with the terminated work. The MTC or designee DFA may direct the Vendor to assign the Vendor’s 's right, title, and interest under terminated orders or subcontracts to the MTCDFA. The Vendor must still complete the work not terminated by the notice of termination and may incur obligations as are necessary to do so.

Vendor’s Obligations. Vendor shall incur no further obligations in connection with the terminated work and on the date set in the notice of termination Contractor/Vendor will stop work to the extent specified. Contractor/Vendor shall also terminate outstanding orders and subcontracts as they relate to the terminated work. Vendor shall settle the liabilities and claims arising out of the termination of subcontracts and orders connected with the terminated work. The MTC Commission or designee may direct Vendor to assign Vendor’s right, title, and interest under terminated orders or subcontracts to the MTCState. Vendor must still complete the work not terminated by the notice of termination and may incur obligations as are necessary to do so.