Contractor’s Responsibilities After Receipt of Notice of Termination Sample Clauses

Contractor’s Responsibilities After Receipt of Notice of Termination. 27.2.1 After receipt of a Notice of Termination, and except as directed by Owner, Contractor shall immediately proceed as follows, regardless of any delay in determining or adjusting any amounts due under this Article 27: (a) Stop Work as specified in the notice; (b) Notify all affected Subcontractors that this Contract is being terminated and that their Subcontracts (including orders for Equipment and Materials, services or facilities) are not to be further performed unless otherwise authorized in writing by Owner; (c) Enter into no further Subcontracts except as necessary to complete the continued portion of the Work, if any, or for mitigation of damages; (d) Cease placing further Subcontracts except as necessary to complete the continued portion of the Work, if any, or for mitigation of damages; (e) Take such other actions as are necessary or appropriate to mitigate further cost of Owner; and (f) Carry out such other directions as may be given by Owner for termination of the Work. 27.2.2 Within three (3) days after receipt of a Notice of Termination, Contractor shall meet and confer with Owner for the purpose of developing an interim close-out plan for the orderly termination of Work, demobilization and transfer of Site control to Owner. The parties shall use diligent efforts to complete preparation of the interim close-out plan within fifteen (15) days after the date Contractor receives the Notice of Termination. The parties shall use diligent efforts to complete a final close-out plan within thirty (30) days after such date. The close-out plan shall be in form and substance acceptable to Owner and shall include at least the following procedures, all of which procedures Contractor shall immediately follow, regardless of any delay in preparation or acceptance of the close-out plan or in determining or adjusting any amounts due under this Article 27: (a) Unless instructed otherwise by Owner, terminate all Subcontracts to the extent they relate to the Work terminated and except to the extent that continuation of the Subcontract is necessary in order to mitigate damages; (b) Assign to Owner or its designee in the manner, at the times, and to the extent directed by Owner, all of the right, title, and interest of Contractor under the Subcontracts so terminated, in which case Owner will have the right, in its sole discretion, to accept performance, settle or pay any or all Claims under or arising out of the termination of such Subcontracts; provided, however,...
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Related to Contractor’s Responsibilities After Receipt of Notice of Termination

  • Your Rights and Our Responsibilities After We Receive Your Written Notice We must acknowledge your letter within 30 days, unless we have corrected the error by then. Within 90 days, we must either correct the error or explain why we believe the bill was correct. After we receive your letter, we cannot try to collect any amount you question, or report you as delinquent. We can continue to bill you for the amount you question, including finance charges and we can apply any unpaid amount against your credit limit. You do not have to pay any questioned amount while we are investigating, but you are still obligated to pay the parts of your bill that are not in question. If we find that we made a mistake on your bill, you will not have to pay any finance charges related to any questioned amount. If we didn’t make a mistake, you may have to pay finance charges, and you will have to make up any missed payments on the questioned amount. In either case, we will send you a statement of the amount you owe and the date that it is due. If you fail to pay the amount that we think you owe, we may report you as delinquent. However, if our explanation does not satisfy you and you write to us within ten days telling us that you still refuse to pay, we must tell anyone we report you to that you have a question about your bill. In addition, we must tell you the name of anyone we reported you to. Upon settlement of a disputed bill, we must notify anyone we reported you to that the matter has been settled. If we don’t follow these rules, we can’t collect the first $50 of the questioned amount, even if your bill was correct.

  • Contractor Responsibility for System Agency’s Termination Costs If the System Agency terminates the Contract for cause, the Contractor shall be responsible to the System Agency for all costs incurred by the System Agency and the State of Texas to replace the Contractor. These costs include, but are not limited to, the costs of procuring a substitute vendor and the cost of any claim or litigation attributable to Contractor’s failure to perform any Work in accordance with the terms of the Contract.

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