Optional Termination, Payment and Release Sample Clauses

Optional Termination, Payment and Release. Where a provision of this Contract requires the Contractor to be paid in accordance with this sub-clause 19.6 [Optional Termination, Payment and Release], the Engineer shall determine the value of the work done and issue a Payment Certificate which shall include:
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Optional Termination, Payment and Release. If the execution of substantially all the Works in progress is prevented for a continuous period of 84 days by reason of Force Majeure of which notice has been given under Sub-Clause 19.2 [Notice of Force Majeure], or for multiple periods which total more than 140 days due to the same notified Force Majeure, then either Party may give to the other Party a notice of termination of the Contract. In this event, the termination shall take effect 7 days after the notice is given, and the Contractor shall proceed in accordance Sub-Clause 16.3 [Cessation of Work and Removal of Contractor's Equipment]. Upon such termination, the Contract Awarder shall pay to the Contractor:
Optional Termination, Payment and Release. Irrespective of any extension of time, if an Event of Force Majeure occurs and its effect continues for a period of thirty [30] days, either party may give to the other a notice of termination. [If Authority is paying fee during Force Majeure, then Operator should not have a termination right, he is being paid.], which shall take effect [30] days after the giving of the notice. If, at the end of the [30]-day period, the effect of the Force Majeure continues, the Contract shall terminate. For the avoidance of doubt, Force Majeure shall not include (a) financial distress nor the inability of either party to make a profit or avoid a financial loss, (b) changes in market prices or conditions, or (c) a party's financial inability to perform its obligations hereunder.
Optional Termination, Payment and Release. 19.7 Release from Performance under the Law this Clause, such additional or broader force majeure events or circumstances shall not excuse the Contractor´s non-performance or entitle him to relief under this Clause. If the execution of substantially all the Works in progress is prevented for a continuous period of 84 days by reason of Force Majeure of which notice has been given under Sub-Clause 19.2 [Notice of Force Majeure], or for multiple periods which total more than 140 days due to the same notified Force Majeure, then either Party may give to the other Party a notice of termination of the Contract. In this event, the termination shall take effect 7 days after the notice is given, and the Contractor shall proceed in accordance with Sub-Clause 16.3 [Cessation of Work and Removal of Contractor's Equipment]. Upon such termination, the Engineer shall determine the value of the work done and issue a Payment Certificate which shall include:
Optional Termination, Payment and Release. 2.6.8.1 If the execution of substantially all the Services in progress is prevented for a continuous period of eighty four (84) days by reason of Force Majeure of which notice has been given under clause 2.6.3, or for multiple periods which total more than one hundred and forty (140) Days due to the same notified Force Majeure, then either Party may give to the other Parties a notice of termination of the Agreement. In this event, the termination shall take effect seven (7) days after the notice is given and the Consultant shall promptly commence demobilisation.
Optional Termination, Payment and Release. 16.7 If the execution of substantial portion of works or all the Works in progress is prevented for a continuous period of 84 days by reason of Force Majeure of which notice has been given under Clause 16.1, or for multiple periods which total more than 140 days due to the same notified Force Majeure, then either Party may give to the other Party a notice of termination of the Contract. In this event, the termination shall take effect 7 days after the notice is given and the Contractor shall proceed in accordance with Sub- Clause 13.3.3. In case the contract stands terminated as above, the contractor shall be paid as per Clause 13.3.4. Release from Performance Under the Law Consequences of Force Majeure
Optional Termination, Payment and Release. Delete the words in line 6 “7 days” and replace by “21 days”. Add the following words after “… and labour employed wholly” in line 1 of section (e), "and solely".
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Optional Termination, Payment and Release. 14.4.1 Irrespective of any extension of time, if an Event of Force Majeure occurs and its effect continues for a period of 6 (six) months, then either Party may give to the other, a notice of termination which shall take effect one month after the giving of the notice. If, at the end of the one-month period, the effect of the Force Majeure continues, the Agreement shall terminate.
Optional Termination, Payment and Release. If the execution of substantially all the Works in progress is prevented for a continuous period of 84 days by reason of Force Majeure of which notice has been given under Sub-Clause 19.2 [Notice of Force Majeure], or for multiple periods which total more than 140 days due to the same notified Force Majeure, then either Party may give to the other Party a notice of termination of the Contract. In this event, the termination shall take effect 7 days after the notice is given, and the Contractor shall proceed in accordance with Sub-Clause 16.3 [Cessation of Work and Removal of Contractor’s Equipment]. Upon such termination, the Engineer shall determine the value of the work done and issue a Payment Certificate which shall include: the amounts payable for any work carried out for which a price is stated in the Contract including amounts payable in respect of the Design Management Fee and Reimbursable Sums; the Cost of Plant and Materials ordered for the Works which have been delivered to the Contractor, or of which the Contractor is liable to accept delivery: this Plant and Materials shall become the property of (and be at the risk of) the Employer when paid for by the Employer, and the Contractor shall place the same at the Employer’s disposal and the cost to the Contractor of termination of contracts entered into with Subconsultants; other Costs or liabilities which in the circumstances were reasonably and necessarily incurred by the Contractor in the expectation of completing the Works; the Cost of removal of Temporary Works and Contractor’s Equipment from the Site and the return of these items to the Contractor’s works in his country (or to any other destination at no greater cost); and the Cost of repatriation of the Contractor’s staff and labour employed wholly in connection with the Works at the date of termination.
Optional Termination, Payment and Release. If an Event of Force Majeure occurs and its effect continues for a period of (180) days, either the Licensor or the Licensee may give to the other a notice of termination. After termination under this Sub-Clause (22.3), the Operator shall comply with Sub-Clause (see Clause 19 Termination).
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