Common use of Termination Points Clause in Contracts

Termination Points. ‌ 13.2.1 Subject to clauses 13.2.3 and 13.2.4, the Seller shall be deemed to have incurred: 13.2.1.1 half of one (1/2) Termination Point at the end of any Contract Quarter if, in respect of that Contract Quarter, the Total Quarterly Economic Development Performance determined pursuant to Schedule 2 (Economic Development Obligations) is less than sixty five per cent (65%); and 13.2.1.2 half of one (1/2) Termination Point at the end of any Contract Quarter if, in respect of that Contract Quarter and the immediately preceding Contract Quarter, the Bi-quarterly Economic Development Performance on any of the Economic Development Sub-Elements is below the Termination Threshold set in Schedule 2 (Economic Development Obligations) for the specific Economic Development Sub-Element.