Common use of Termination Liability Clause in Contracts

Termination Liability. In the event of termination pursuant to this Article 21.2, Contractor shall be paid as if such termination were for convenience pursuant to Article 19. Further, if Purchaser’s failure to perform is a failure to pay Contractor invoiced amounts when due, Contractor shall be entitled to late payment interest pursuant to Article 5.3. Payment of the total amounts payable by Purchaser pursuant to this Article 21.2.2 shall constitute a total discharge of Purchaser’s liabilities to Contractor for termination pursuant to this Article 21.2.

Appears in 2 contracts

Sources: Contract (Satelites Mexicanos Sa De Cv), Contract (Satelites Mexicanos Sa De Cv)

Termination Liability. In the event of termination pursuant to this Article 21.223.2, Contractor shall be paid as if such termination were for convenience pursuant to Article 19. Further, if Purchaser’s failure to perform is a failure to pay Contractor invoiced amounts when due, Contractor shall be entitled to 21 plus any accrued late payment interest pursuant to Article 5.3. Payment of the total amounts payable by Purchaser pursuant to this Article 21.2.2 23.2.2 shall constitute a total discharge of Purchaser’s liabilities to Contractor for termination pursuant to this Article 21.223.2.

Appears in 2 contracts

Sources: Contract (Hughes Communications, Inc.), Contract (Hughes Network Systems, LLC)

Termination Liability. In the event of termination pursuant to this Article 21.223.2, Contractor shall be paid as if such termination were for convenience pursuant to Article 1921. Further, if Purchaser’s failure to perform is a failure to pay Contractor invoiced amounts when due, Contractor shall be entitled to late payment interest pursuant to Article 5.3. Payment of the total amounts payable by Purchaser pursuant to this Article 21.2.2 23.2.2 shall constitute a total discharge of Purchaser’s liabilities to Contractor for termination pursuant to this Article 21.223.2.

Appears in 1 contract

Sources: Contract (Viasat Inc)