Stopping Work. When Owner terminates the Work in accordance with Article 11.3 "Termination by Owner for Cause" or 11.4 "Termination by Owner for Convenience", Contractor shall take the actions set forth below. 11.5.1 Unless Owner directs otherwise, after receipt of a written notice of termination for either cause or convenience, Contractor shall promptly: (1) stop performing Work on the date and as specified in the notice of termination; (2) place no further orders or subcontracts for materials, equipment, services or facilities, except as may be necessary for completion of such portion of the Work that is not terminated; (3) cancel all orders and subcontracts, upon terms acceptable to Owner, to the extent that they relate to the performance of Work terminated; (4) assign to Owner all of the right, title, and interest of Contractor in all orders and subcontracts; (5) deliver completed Work to Owner and take such action as may be necessary or as directed by Owner to preserve and protect the Work, Site, and any other property related to the Work in the possession of Contractor in which Owner has an interest; and (6) continue performance only to the extent not terminated. 11.5.2 In the case of any termination, Contractor shall proceed with the orderly demobilization and close out of the Work, and the costs for such services shall be Reimbursable Costs.
Appears in 2 contracts
Sources: Engineering, Procurement and Construction Agreement (Public Service Co of New Mexico), Engineering, Procurement and Construction Agreement (PNM Resources Inc)