Common use of Payment on termination for Default Clause in Contracts

Payment on termination for Default. 34.6.1 If the this Agreement is terminated under clauses 34.3, 34.4 or 34.5 the provisions of paragraph 2 of Schedule 19 (Exclusion and Termination) shall apply and, subject to the Owner’s rights under or in connection with this Agreement: 34.6.1.1 the Owner must pay each NOP; or 34.6.1.2 each NOP must pay the Owner. (as the case may be), an amount calculated or decided under paragraph 2 of Schedule 19 (Exclusion and Termination).

Payment on termination for Default. 34.6.1 ‌ 33.4.1 If the this Agreement is terminated under clauses 34.3, 34.4 Sections 33.2 or 34.5 33.3 the provisions of paragraph Section 2 of Schedule 19 16 (Exclusion and Termination) shall apply and, subject to the Owner’s rights under or in connection with this Agreement: 34.6.1.1 Agreement:‌ the Owner must pay each NOP; or 34.6.1.2 or each NOP must pay the Owner. , (as the case may be), an amount calculated or decided under paragraph Section 2 of Schedule 19 16 (Exclusion and Termination).