Common use of Termination Amount Clause in Contracts

Termination Amount. The Terminating Party shall calculate an amount (the "Termination Amount") to be paid in accordance with § 10.3 (Termination for Material Reasons) and § 10.4 (Automatic Termination) by calculating the sum (whether positive or negative) of all Settlement Amounts for all Individual Contracts and taking account of any or all other amounts payable between the Parties under or in connection with the Agreement. If the Termination Amount is negative, an amount equal to the absolute value of the Termination Amount shall be payable to the Terminating Party by the other Party. If the Termination Amount is positive, an amount equal to the Termination Amount shall be payable by the Terminating Party to the other Party.