Activities upon Termination Sample Clauses

Activities upon Termination. Upon termination of this Agreement by expiration of the term or as provided in this Section 11.2 Termination for Convenience, Sound Transit and Xxxxxx Transit agree to work together cooperatively to develop a coordinated plan for terminating the services rendered until the time of termination and determining reasonable close-out costs, and accounting and disposing of the equipment provided by Sound Transit in the manner Sound Transit directs. In the event of termination as provided in this Section 11.1 Termination for Default or Breach, the non-defaulting or non-breaching party will compensate the defaulting or breaching party only for the services satisfactorily rendered to the date of termination at the rates and amounts and in the manner provided in this Agreement, with no payment for contract closeout costs as otherwise provided in this Section 12.3.
Sample 1
AutoNDA by SimpleDocs
Activities upon Termination. Upon termination of this agreement by expiration of the term or as provided in this section, the Parties agree to cooperate to develop a coordinated plan for terminating the services rendered up until the time of termination, determine reasonable contract close-out costs for termination for convenience only and account and dispose of the buses and equipment provided by Sound Transit in the manner Sound Transit directs. In the event of termination by default or breach, Sound Transit will compensate Xxxxxx Transit only for the services satisfactorily rendered to the date of termination at the rates and amounts provided in this agreement, with no payment for contract close-out costs as otherwise provided in this section.
Sample 1
Activities upon Termination. ‌ Upon termination of this Agreement, by expiration of the term or as provided in this Section, Sound Transit and the Port agree to work together cooperatively to develop a coordinated plan for terminating the services rendered up until the time of termination, determining reasonable contract close-out costs for termination for convenience only, and accounting and disposing of equipment provided by each Party in the manner that each Party directs. In the event of termination by default or breach, each Party shall compensate the other Party for only the services that the other Party has satisfactorily rendered to the date of termination at the rates and amounts and in the manner provided in this Agreement, with no payment for contract close-out costs as otherwise provided in this Section. No such termination, however, shall relieve the Parties of obligations accrued and unsatisfied at such termination.
Sample 1

Related to Activities upon Termination

  • Duties Upon Termination Upon termination of this Agreement for any reason, the Contractor shall upon receipt of all sums due and owing, promptly deliver the following in accordance with the directions of the Company:

  • Actions upon Termination In the event of termination not the fault of the Contractor, the Contractor shall be paid for the services properly performed prior to termination, together with any reimbursable expenses then due, but in no event shall such compensation exceed the maximum compensation to be paid under the Contract. The Contractor agrees that this payment shall fully and adequately compensate the Contractor and all subcontractors for all profits, costs, expenses, losses, liabilities, damages, taxes, and charges of any kind whatsoever (whether foreseen or unforeseen) attributable to the termination of this Contract. Upon termination for any reason, the Contractor shall provide Seattle with the most current design documents, contract documents, writings and other product it has completed to the date of termination, along with copies of all project-related correspondence and similar items. Seattle shall have the same rights to use these materials as if termination had not occurred.

  • Events Upon Termination (a) If this Agreement is terminated, cancelled or ends for any reason, the Operator shall:

  • Payments Upon Termination 4.1 The Customer shall pay the Company liquidated damages (total monthly fee as specified in the Sales and Services Agreement x remaining months in the Term) upon the occurrence of any of the following events before the expiry of the Term:

  • Recovery upon Termination H6.1 On the termination of the Contract for any reason, the Contractor shall at its cost:

  • Rights Upon Termination Except as expressly provided in Section 6, upon the termination of the Executive’s Employment pursuant to this Section 5, the Executive shall only be entitled to the compensation, benefits and reimbursements described in Sections 2, 3 and 4 for the period preceding the effective date of the termination. The payments under this Agreement shall fully discharge all responsibilities of the Company to the Executive.

  • Obligations Upon Termination Upon termination of this Agreement, either party shall, at the request of the other party, return any document, material, database, equipment, or software containing the Confidential Information to the other party. If, for any reason, such document, material, database, equipment, or software cannot be returned, either party shall destroy all the Confidential Information belonging to the other party and delete such Confidential Information from any memory devices. No party shall be permitted to continue using the Confidential Information in any way after the termination of this Agreement.

  • Procedure Upon Termination In the event of termination by Buyer or Seller, as applicable, pursuant to Section 6.1 hereof, written notice thereof shall forthwith be given to the other party and the transactions contemplated by this Agreement shall be terminated without further action by Buyer or Seller. If the transactions contemplated by this Agreement are so terminated:

  • Withdrawals upon Termination 31.4.1 Notwithstanding anything to the contrary contained in this Agreement, all amounts standing to the credit of the Escrow Account shall, upon Termination, be appropriated in the following order:

  • Liability Upon Termination Termination of this Agreement, or any part hereof, for any cause shall not release either Party from any liability which at the time of termination had already accrued to the other Party or which thereafter accrues in any respect to any act or omission occurring prior to the termination or from an obligation which is expressly stated in this Agreement to survive termination.

Time is Money Join Law Insider Premium to draft better contracts faster.