Common use of Contractor 's Obligations Clause in Contracts

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

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