Termination for Contractor’s Convenience. Contractor may at any time and for any reason, or for no reason, terminate any part of Subcontractor’s services and work for Contractor’s convenience. Such termination shall be by written notice to Subcontractor at Subcontractor’s place of business. Upon receipt of such notice, Subcontractor shall, unless the notice directs otherwise, immediately discontinue the work and the placing of orders for materials, equipment and supplies in connection with the performance of this Subcontract, and shall, if requested, make every reasonable effort to procure cancellation of all existing orders or contracts upon terms satisfactory to Contractor, or at the option of Contractor, give Contractor the right to assume those obligations directly, including all benefits to be derived therefrom. Subcontractor shall thereafter do only such work as may be necessary to preserve and protect the work already in progress and to protect material and equipment on the Project site or in transit thereto. Upon such termination, Subcontractor shall be entitled to payment of the following amounts, which shall constitute full and final satisfaction of all Subcontract Work and claims by Subcontractor for payment on account for work performed under this Subcontract: (1) payment for that portion of Subcontractor’s work actually completed and materials actually delivered and accepted by Owner and Contractor, and only as to that portion of the Subcontract Price as allocated in the schedule of values for that portion of the Work performed, inclusive of profit, overhead, and general conditions allocated in the schedule of values for the Work completed, plus (2) such other costs actually incurred by Subcontractor as are payable to Contractor under the Prime Contract and approved by Owner; less (3) any amounts due Contractor, less
Termination for Contractor’s Convenience. Upon seven (7) days’ written notice, the Contractor may, without cause, terminate this Agreement with the Services Subcontractor. If this Agreement is so terminated, the Services Subcontractor may recover from the Contractor to the extent that Owner pays the Contractor for the Services Subcontractor’s Services.
Termination for Contractor’s Convenience. Upon seven (7) days’ written notice, Contractor may, without cause, terminate the Agreement. If the Agreement is so terminated, Testing Subcontractor may recover from Contractor payment for all Services satisfactorily performed in accordance with the Agreement through the date of termination, subject to the maximum price of the Services set forth in the Agreement, and only to the extent that Contractor actually receives payment from Customer for Testing Subcontractor’s Services, and provided that Testing Subcontractor has delivered to Contractor all documents and information prepared by Testing Subcontractor, its consultants, or subcontractors for the Project. Notwithstanding any other provision hereof, Contractor shall not be responsible for Testing Subcontractor’s (or its consultants’ or subcontractors’) lost profits or unearned fees for the terminated portion of the Services.
Termination for Contractor’s Convenience. Notwithstanding the preceding paragraph, CONTRACTOR reserves the absolute right to terminate this Agreement without cause. In the event of termination without cause, SUBCONTRACTOR shall be entitled to payment only as follows: a. Cost of the work actually completed in conformity with the agreement. b. Plus other costs actually incurred by SUBCONTRACTOR as a direct result of performance of the work, demobilization or preservation of completed work; c. Fifteen percent (15%) of costs referred to in Paragraph 1 above, for overhead and profit. There shall be deducted from such sums any payments made to SUBCONTRACTOR prior to the date of termination of this Agreement, and any amounts due from SUBCONTRACTOR to CONTRACTOR on any other contract or obligation then extant. SUBCONTRACTOR shall not be entitled to any claim of lien, against CONTRACTOR or against OWNER for any additional compensation or damages in the event of termination and payment.
