Contractor’s Right to Payment Upon Termination Sample Clauses

Contractor’s Right to Payment Upon Termination. Upon termination without cause, AURA shall pay Contractor for work performed to the date of termination, plus reasonable termination costs such as subcontract winddown costs where subcontracts are not immediately cancellable. Upon termination for cause, the Parties shall negotiate final payment as appropriate, taking into account the basis for termination and any liabilities of Contractor to AURA under the circumstances.
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Contractor’s Right to Payment Upon Termination. If Company elects to terminate this Agreement with respect to any Facility pursuant to Section 12.1 or 12.2 of <PAGE> PART C GENERAL TERMS AND CONDITIONS this Part C, Contractor shall not be entitled to retain or receive any amounts paid or payable hereunder with respect to such Facility except for (i) the amount equal to the Contract Price for any New Program Parts, Miscellaneous Hardware, Shop Repairs and Services for such Facility of which Company has taken possession or received after termination with respect to such Facility, and (ii) any payments with respect to such Facility that were made or were due prior to termination. 12.4 Termination for Convenience Company may, at its sole option, terminate this Agreement as to any or all of the Facilities, at any time for Company's convenience, without cause (including upon the sale of a Facility), by providing thirty (30) days written notice to Contractor prior to termination. Upon such a termination: a. Contractor shall stop work on the applicable Facility or Facilities and place no further orders or lower tier subcontracts for such Facility or Facilities. b. If so directed by Company, Contractor shall assign to Company any and all orders or subcontracts outstanding hereunder with respect to such Facility or Facilities. c. Contractor shall protect property related to such Facility or Facilities in Contractor's possession in which Company has or may acquire an interest, and shall direct suppliers and subcontractors on orders or subcontracts outstanding to do the same. d. The Company, at its option, may acquire any and all parts that have been removed from the Combustion Turbine(s) for such Facility or Facilities, and are under repair or planned to be repaired or assessed for repair. e. Within one (1) month after receipt of such notice of termination, Contractor will submit to Company in writing its claim for reimbursement of costs resulting from the termination, which shall include without duplication: (i) The Contract Price of items of New Program Parts, Miscellaneous Hardware, and Shop Repairs and Services relating to the Facility or Facilities as to which this Agreement is being terminated pursuant to this Section 12.4 already provided to and accepted by Company; (ii) Reasonable expenses of demobilization, equipment storage, transportation, and handling including reasonable overhead and profit; <PAGE> PART C GENERAL TERMS AND CONDITIONS (iii) Any actual direct cost, including reasonable overhead and prof...
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Contractor’s Right to Payment Upon Termination. If Company elects to terminate this Agreement with respect to any Facility pursuant to Section 12.1 or 12.2 of
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Related to Contractor’s Right to Payment Upon Termination

  • Payment Upon Termination In the event that the City or Consultant terminates this Agreement pursuant to Section 8, the City shall compensate the Consultant for all outstanding costs and reimbursable expenses incurred for work satisfactorily completed as of the date of written notice of termination. Consultant shall maintain adequate logs and timesheets in order to verify costs incurred to that date. The City shall have no obligation to compensate Consultant for work not verified by logs or timesheets.

  • 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:

  • Benefits Upon Termination If the Executive’s employment by the Company is terminated during the Period of Employment for any reason by the Company or by the Executive, or upon or following the expiration of the Period of Employment (in any case, the date that the Executive’s employment by the Company terminates is referred to as the “Severance Date”), the Company shall have no further obligation to make or provide to the Executive, and the Executive shall have no further right to receive or obtain from the Company, any payments or benefits except as follows:

  • Upon Termination In the event this Agreement is terminated by the OAG, the Provider will deliver documentation of ownership or title, if appropriate for all supplies, equipment and personal property purchased with grant funds to the OAG, within 30 days after termination of this Agreement. Any finished or unfinished documents, data, correspondence, reports and other products prepared by or for the Provider under this Agreement will be made available to and for the exclusive use of the OAG.

  • 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.

  • 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:

  • Certain Benefits Upon Termination Executive’s employment shall be terminated upon the earlier of (i) the voluntary resignation of Executive with or without Good Reason; (ii) Executive’s death or permanent disability; or (iii) upon the termination of Executive’s employment by LTC for any reason at any time. In the event of such termination, the below provisions of this Section 6 shall apply, and in the event of a Change in Control, whether or not Executive’s employment is terminated thereby, Section 6(b) shall apply.

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