Common use of T ermination for Convenience Clause in Contracts

T ermination for Convenience. The ASDM, by a written notice of at least 30 days sent to the TP, may terminate the Agreement, in whole or in part, at any time for its convenience. The Notice of Termination shall specify that termination is for ASDM’s convenience, the extent to which performance of the TP under the Agreement is terminated, and the date upon which such termination becomes effective. Depending on merits of the case the TP may be appropriately compensated on mutually agreed terms for the loss incurred by the Agreement, if any, due to such termination.

Appears in 3 contracts

Samples: Agreement, asdm.assam.gov.in, asdm.assam.gov.in

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T ermination for Convenience. The ASDM, by a written notice of at least 30 days sent to the TP, may terminate the Agreement, in whole or in part, at any time for its convenience. The Notice of Termination shall specify that termination is for ASDM’s convenience, the extent to which performance of the TP under the Agreement is terminated, and the date upon which such termination becomes effective. Depending on merits of the case the TP may be appropriately compensated on mutually agreed terms for the loss incurred by the Agreement, if any, due to such termination.

Appears in 3 contracts

Samples: Agreement, Agreement, Agreement

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