Common use of Wrongful Exercise Clause in Contracts

Wrongful Exercise. If the Contractor wrongfully exercises any option under this Article, the Contractor shall be liable to the Subcontractor solely for the actual value of Subcontract Work performed by the Subcontractor prior to the Contractor's wrongful action, including actual overhead and profit on the Subcontract Work performed, less prior payments made, together with reasonable overhead and profit on the Subcontract Work not executed.

Appears in 3 contracts

Samples: Master Service Agreement, Master Service Agreement, Master Service Agreement

AutoNDA by SimpleDocs

Wrongful Exercise. If the Contractor wrongfully exercises any option under this Article, the Contractor shall be liable to the Subcontractor solely for the actual reasonable value of Subcontract Work performed by the Subcontractor prior to the Contractor's ’s wrongful action, including actual reasonable overhead and profit on the Subcontract Work performed, less prior payments made, together with reasonable overhead and profit on the Subcontract Work not executed.

Appears in 1 contract

Samples: Subcontractor Agreement

Wrongful Exercise. If the Contractor wrongfully exercises any option under this Article, the Contractor shall be liable to the Subcontractor solely for the actual reasonable value of Subcontract Work performed by the Subcontractor prior to the Contractor's wrongful action, including actual reasonable overhead and profit on the Subcontract Work performed, less prior payments made, together with reasonable overhead and profit on the Subcontract Work not executed, and other costs incurred by reason of such action.

Appears in 1 contract

Samples: Subcontract Agreement

Wrongful Exercise. If the Contractor wrongfully exercises any option under this Article, . the Contractor shall be liable to the Subcontractor solely for the actual reasonable value of Subcontract Work work performed by the Subcontractor prior to the Contractor's wrongful action, . including actual overhead and profit on the Subcontract Work performed, less prior payments made, together with reasonable overhead and profit on the Subcontract Work not executedperformed less prior payments made.

Appears in 1 contract

Samples: Subcontractor Agreement (Us Bridge of New York Inc)

AutoNDA by SimpleDocs

Wrongful Exercise. If the Contractor wrongfully exercises any option under this Article, the Contractor shall be liable to the Subcontractor solely for the actual reasonable value of Subcontract Work work performed by the Subcontractor prior to the Contractor's wrongful action, including actual reasonable overhead and profit on the Subcontract Work performed, less prior payments made, together with reasonable overhead and profit on the Subcontract Work not executedattorney's fees.

Appears in 1 contract

Samples: Subcontract Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!