Termination for Convenience of the Owner. The Owner at any time may terminate the Contract in whole or in part for any reason and without cause. Any said termination shall be effected by delivering to Contractor a notice of termination specifying the extent to which performance of Work under the Contract is terminated and the date upon which said termination becomes effective. Upon receipt of the notice of termination, Contractor shall act promptly to minimize the expenses resulting from said termination. The Owner shall pay Contractor the costs actually incurred by Contractor in the performance of the Work up to the effective date of said termination, but in no event shall Contractor be entitled to compensation in excess of the total compensation earned through the date of termination. Contractor shall not be entitled to any compensation for lost profits, which may be attributable to such termination. In the event of said termination, the Owner may take over the Work and prosecute same to completion and may take possession of and may utilize such materials and equipment as may be on the Site and necessary or useful in completing the Work.
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