REMEDY UPON TERMINATION Clause Samples

The "Remedy Upon Termination" clause defines the rights and actions available to parties when a contract is ended before its natural expiration. Typically, this clause outlines what each party must do upon termination, such as returning confidential information, paying outstanding amounts, or ceasing use of intellectual property. Its core function is to ensure that both parties understand their obligations and entitlements if the agreement is terminated, thereby reducing disputes and providing a clear process for winding down the contractual relationship.
REMEDY UPON TERMINATION. In the event of termination of this Agreement or reduction of the Agreement amount, the exclusive, sole and complete remedy of the Grantee shall be reimbursement for Project costs expended prior to termination.
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REMEDY UPON TERMINATION. In the event of termination of this Agreement or reduction of the Agreement amount, the exclusive, sole and complete remedy of the Grantee shall be payment for services rendered prior to termination.
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REMEDY UPON TERMINATION. In the event of termination or partial termination under this section, Purchaser agrees that its sole and exclusive remedy shall be the sum of: (1) the value of any project work completed but not yet credited through amortization; (2) the estimated expenditures for felling, bucking, lopping, skidding, and decking any products so processed, but not removed from the sale area; and (3) the actual expenses involved in acquiring and holding this contract. Cost and expenditure estimates for items listed in (1) and (2) shall be based upon County's appraisal for the sale. Actual expenses in (3) do not include lost profits, replacement costs of timber, or any other consequential damage suffered by Purchaser. Purchaser agrees to provide receipts or other documentation to County which clearly identify and verify actual expenditures.
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REMEDY UPON TERMINATION. In the event this Agreement is terminated by either party under this ARTICLE 5, the following shall be the exclusive remedies for such termination:
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REMEDY UPON TERMINATION. In the event of termination of this Agreement, the Agency shall be under no further obligation to disburse further payments. In the event of the termination of this Agreement, funding provided without required sufficient expense documentation is to be returned to the Agency within sixty (60) days of official notification of termination.
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REMEDY UPON TERMINATION. In the event of termination of this Agreement, IWD shall be under no further obligation to disburse further payments. In the event of the termination of this Agreement, funding provided without required sufficient expense documentation is to be returned to the Agency within sixty (60) days of official notification of termination.
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REMEDY UPON TERMINATION. In the event of termination or partial termination under this section, Purchaser agrees that its sole and exclusive remedy shall be the sum of: (1) the value of any project work completed but not yet credited through amortization; (2) the estimated expenditures for felling, bucking, lopping, skidding, and decking any products so processed, but not removed from the sale area; and (3) the actual expenses involved in acquiring and holding this contract. Cost and expenditure estimates for items listed in (1) and
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Related to REMEDY UPON TERMINATION

  • Actions Upon Termination In the event of termination not the fault of the Contractor, the Contractor shall be paid for the services properly performed prior to termination, together with any reimbursable expenses then due, but in no event shall such compensation exceed the maximum compensation to be paid under the Contract. The Contractor agrees that this payment shall fully and adequately compensate the Contractor and all subcontractors for all profits, costs, expenses, losses, liabilities, damages, taxes, and charges of any kind whatsoever (whether foreseen or unforeseen) attributable to the termination of this Contract. Upon termination for any reason, the Contractor shall provide Seattle with the most current design documents, contract documents, writings and other product it has completed to the date of termination, along with copies of all project-related correspondence and similar items. Seattle shall have the same rights to use these materials as if termination had not occurred.

  • Survival Upon Termination If this Agreement is terminated pursuant to this Article 11, such termination will be without any further liability or obligation of any party hereto, except as provided in Section 6.4, Section 7.3, Section 7.7, Article 10, Section 11.5 and Section 11.6.

  • Rights Upon Termination Except as expressly provided in Section 6, upon the termination of the Executive’s Employment pursuant to this Section 5, the Executive shall only be entitled to the compensation, benefits and reimbursements described in Sections 2, 3 and 4 for the period preceding the effective date of the termination. The payments under this Agreement shall fully discharge all responsibilities of the Company to the Executive.

  • Liability Upon Termination Termination of this Agreement, or any part hereof, for any cause shall not release either Party from any liability which at the time of termination had already accrued to the other Party or which thereafter accrues in any respect to any act or omission occurring prior to the termination or from an obligation which is expressly stated in this Agreement to survive termination.

  • Upon Termination In the event this Agreement is terminated by the OAG, the Provider will deliver documentation of ownership or title, if appropriate for all supplies, equipment and personal property purchased with grant funds to the OAG, within 30 days after termination of this Agreement. Any finished or unfinished documents, data, correspondence, reports and other products prepared by or for the Provider under this Agreement will be made available to and for the exclusive use of the OAG.