Common use of Demobilization Clause in Contracts

Demobilization. Not later than one hundred eighty (180) days after (i) suspension of the Services by Owners; or (ii) termination of this Agreement for any reason other than in accordance with Section 9.01 for an Operator Event of Default; Operator shall submit to Owners the Demobilization Invoice which shall describe the Demobilization Costs in detail and with supporting documentation reasonably acceptable to Owners. Not later than thirty (30) days after receiving the Demobilization Invoice, Owners shall either dispute the Demobilization Invoice or pay to Operator in immediately available funds the total amount of the Demobilization Costs, as such amount is set forth in the Demobilization Invoice. Any Dispute regarding the Demobilization Invoice shall be resolved pursuant to Article XI. Operator agrees to cooperate with and support Owners after termination of this Agreement per the requirements of Section 4.13 of this Agreement.

Appears in 2 contracts

Sources: Operation and Maintenance Services Agreement, Operation & Maintenance Services Agreement (Otter Tail Corp)