Common use of Contractor Termination Clause in Contracts

Contractor Termination. By giving written notice to Purchaser of its intention to do so, Contractor may terminate this Contract for Purchaser's failure to comply with any material provision of this Contract and such notice shall set forth which provision is being violated and a reasonably detailed explanation of the claimed failure to comply. Such termination shall become effective should Purchaser fail to correct such nonperformance within thirty (30) days (or such longer period as agreed to by Contractor) after receipt of such notice in writing from Contractor. In the event of termination pursuant to this Section 22.5, Contractor shall be paid as if the termination were for convenience pursuant to Article 20 hereof. If, after termination, it is finally determined by arbitration pursuant to Article 24 hereof that Purchaser was not in default, Contractor shall be liable to Purchaser for damages resulting from Contractor's wrongful termination of this Contract.

Contractor Termination. By giving written notice to Purchaser of its intention to do so, Contractor may terminate this Contract for Purchaser's failure to comply with any material provision of this Contract and such notice shall set forth which provision is being violated and a reasonably detailed explanation of the claimed failure to comply. Such termination shall become effective should Purchaser fail to correct such nonperformance within thirty (30) days (or such longer period as agreed to by Contractor) after receipt of such notice in writing from Contractor. In the event of termination pursuant to this Section 22.5Article 23.3, Contractor shall be paid as if the termination were for convenience pursuant to Article 20 21 hereof. If, after termination, it is finally determined by arbitration pursuant to Article 24 25 hereof that Purchaser was not in default, Contractor shall be liable to Purchaser for damages resulting from Contractor's wrongful termination of this Contract.