Common use of Termination Charge Clause in Contracts

Termination Charge. In the event of a termination of Mission Services for a Payload by Astrotech pursuant to Section 12.2.1, LMCLS shall not be required to pay Astrotech any termination charge. In the event of a termination pursuant to Section 12.2.2, the termination charge shall be computed in accordance with Section 12.1.1.1. In the event of overpayment, Astrotech shall refund the amount of such overpayment to LMCLS.

Appears in 1 contract

Samples: Agreement (Spacehab Inc \Wa\)

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Termination Charge. In the event of a termination of Mission Services for a Payload by Astrotech pursuant to Section 12.2.1, LMCLS shall not be required to pay Astrotech any termination charge. In the event of a termination pursuant to Section 12.2.2, the termination charge shall be computed in accordance with Section 12.1.1.1. In the event of overpayment, Astrotech shall refund the amount of such overpayment to LMCLS.termination

Appears in 1 contract

Samples: LMCLS Agreement (Spacehab Inc \Wa\)

Termination Charge. In the event of a termination of Mission Services in whole for a Payload cause by Astrotech LMCLS pursuant to Section 12.2.112.1.2.2, LMCLS shall not be required to pay Astrotech any termination charge. In charge associated with termination of the event of a termination pursuant to Section 12.2.2, the termination charge shall be computed in accordance with Section 12.1.1.1. In the event of overpayment, Agreement and Astrotech shall refund return to LMCLS all payments received to date for the amount of such overpayment to LMCLSpayloads affected by this terminations.

Appears in 1 contract

Samples: Agreement (Spacehab Inc \Wa\)

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Termination Charge. In the event of a termination of Mission Services for a Payload by Astrotech LMCLS pursuant to Section 12.2.112.1.2, LMCLS shall not be required to pay Astrotech any termination charge. In the event charge associated with that particular Payload and LMCLS's obligation to guarantee Astrotech a minimum of a termination pursuant to Section 12.2.2, the termination charge **** processings in that caldendar year shall be computed in accordance with Section 12.1.1.1. In the event of overpayment, Astrotech shall refund the amount of such overpayment to LMCLS.reduced by **** Payload

Appears in 1 contract

Samples: LMCLS Agreement (Spacehab Inc \Wa\)

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