Common use of Termination Charge Clause in Contracts

Termination Charge. In the event of a termination of Services for a Payload by Astrotech pursuant to Section 12.2.1, LMCLS shall not be required to pay Astrotech any termination

Appears in 1 contract

Sources: Agreement Between Astrotech Space Operations, Inc. And Lockheed Martin Commercial Launch Services, Inc. For Provision of Payload Processing Facilities and Support in Conjunction With Commercial Atlas Launches (Spacehab Inc \Wa\)

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 terminationtermination 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

Sources: Agreement for Provision of Payload Processing Facilities and Support (Spacehab Inc \Wa\)

Termination Charge. In the event of a termination of 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 terminationtermination charge associated with termination of the Agreement and Astrotech shall return to LMCLS all payments received to date for the payloads affected by this terminations.

Appears in 1 contract

Sources: Agreement for Provision of Payload Processing Facilities and Support (Spacehab Inc \Wa\)

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

Appears in 1 contract

Sources: Agreement Between Astrotech Space Operations, Inc. And Lockheed Martin Commercial Launch Services, Inc. For Provision of Payload Processing Facilities and Support in Conjunction With Commercial Atlas Launches (Spacehab Inc \Wa\)